Contents
The world of Forex is full of opportunities when it comes to payment methods, many say that the payment method that you choose to deposit funds on your trading account is one of the most important parts of trading, and not for a wrong reason. There are tens of different payment opportunities available at your disposal right now, but deciding which one to use can be a bit of a challenge.
In today’s guide, we will talk about everything about Alipay, so if you are curious about how and why to use this deposit method, follow this definitive guide carefully!
Alipay is a Chinese company that was established 16 years ago in Hangzhou. Since then, it has managed to become a very popular payment method among the citizens of China and because of such huge popularity, more and more Forex brokers are adopting Alipay to their platforms.
If you are looking for the best Alipay Forex broker you have come to the right place! We will help you to understand everything about this payment method and give you some tips to find the best broker on the market!
How to choose the best Alipay FX broker?
To make your job easier, we have prepared a list of the best Forex brokers that accept this payment method. Look through them below and make your decision easier!
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Min. depo
$5
Leverage
1:888
Platform
MT4, MT5, WebTrader
XM
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Min. depo
100 USD
Leverage
400:1
Platform
MT4, MT5
AvaTrade
Where can you use Alipay?
Alipay mostly functions in China, however, they have partnered with different companies to offer modern payment method to citizens of different countries, among them are:
- Bangladesh
- Hong Kong
- Japan
- The United States
Alipay works very hard to offer its services to the citizens of other countries as well, but as for now, the biggest market for the company remains to be China. For that reason, most of the brokers that offer their services to Chinese citizens try to offer Forex trading Alipay top-up opportunities.
What is Alipay Forex trading and why are so many people using this payment method?
China is famous for being a country where digital payments are becoming more and more popular every day. Over 90% of the population in China now uses different types of mobile payment systems and Alipay is one of those that stands out the most. In most cases, it was very hard to create a mobile payment account in China without having a Chinese mobile number and a bank account, with the development of Alipay, this problem is solved. Now, you can create a 90-day tour pass while being in the country!
Alipay is known to be the most popular E-Wallet service in Asia, every day millions of transactions are made with the help of this payment method. Because of such huge popularity, many Forex brokers offer deposit options for Alipay customers.
What currencies can you use with Alipay?
When it comes to Forex trading, being able to have access to many different currencies is very important. Alipay offers its users to have access to 18 different currencies, including CNY, GBP, EUR, USD, AUD, CAD, JPY, and others.
How can you use Alipay to deposit money on the Forex trading account?
Just like other E-Wallets, it is very easy to deposit money using Alipay. It only takes a few minutes and can be done very easily by anyone, even those who have no trading experience. In most cases, there are little to no fees applied to the payments that you make with Alipay.
However, keep in mind that different brokers charge different amounts of fees. Be sure to always check the website of the broker to learn more information about the fees before you start trading. The limits of payments also vary, in some cases, you can deposit as much money as you want to, but some brokers have restricted amounts of money that you can deposit. You can have access to more detailed information about this on the broker’s website.
Still having a hard time finding the best FX brokers accepting Alipay? Don’t worry, we have a list of the best FX brokers that can find online!
XM
Min. Depo
$5
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Leverage
1:888
Platforms
MT4, MT5, WebTrader
AvaTrade
Min. Depo
100 USD
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Leverage
400:1
Platforms
MT4, MT5
Exness
Min. Depo
$10
Licences
CySEC, FCA, SFSA
Leverage
1:2000
Platforms
MT4, MT5
FundedBull
Min. Depo
49 USD
Licences
N/A
Leverage
N/A
Platforms
MT4, MT5, cTrader
Forex.com
Min. Depo
$100
Licences
NFA, CFTC, FCA, FSA, IIROC and CIMA
Leverage
1:50
Platforms
WebTrader, MT4, MT5
CMTrading
Min. Depo
250 USD`
Licences
FSCA
Leverage
1:200
Platforms
MT4, WebTrader, Copykat
Plus500
Min. Depo
$100
Licences
FCA, ASIC, CySEC, FSCA, FMA, MAS
Leverage
1:30
Platforms
WebTrader, Windows 10 Trader
Is it safe to use Alipay as a payment method for Forex trading?
Alipay is a well-established and secure place for trading, some people say that mobile payments can be even safer than more traditional ways of payments, like credit or debit cards. Unlike those payment methods, when you use Alipay, you do not have to provide sensitive information of your card to Forex broker, which makes this method much more trustworthy.
Many people find it hard to trust Forex brokers and for them, payment methods like Alipay are a perfect solution!