HotForex, an online forex and commodities broker, has introduced its first branded prepaid card that will allow traders to cash their trading account earnings and pay electronically across the world.

The new offering, dubbed HotForex MasterCard, will allow users to make direct deposits from the card to their myHotForex wallet.

Users can also transfer their trading profits to the card and carry out secure online payments, shopping, and purchase goods and services at outlets accepting MasterCard.

A HotForex spokesperson said: "By combining the strengths of HotForex with a globally recognized name such as MasterCard, we bring flexibility and efficiency to our traders.

“Since the launch of HotForex MasterCard, we have seen an overwhelming popularity for this handy payment solution, mainly because it offers incredible ease and convenience in transactions, allowing our clients instant access to their money."