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FasaPay is a financial company offering online payments internationally in more than 200 countries, except the USA and Canada. Headquartered in Singapore, the company was established in 2011 and since then it has been offering a transparent and safe payment solution for many people.
Because of the huge access to a very diverse market, many Forex brokers are using the FasaPay payment method. If you are looking for the best one, you have come to the right place! In this guide, we will talk about everything about this payment method and the brokers accepting it. Follow our tips carefully!
What are the best FasaPay Forex brokers?
Since FasaPay offers services to the citizens of more than 200 countries, you will not have a hard time finding the best one. Below, you can see some of the best Forex brokers that accept payments with this method.
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
Why would anyone use FasaPay for Forex trading?
There are many different payment methods available on the market, so you might be asking why would anyone use this payment method. So, here are some of the biggest advantages of using this payment method:
- FasaPay payments are made instantly
- Transfers using FasaPay are very affordable with little to no fees charged
- By keeping your banking details to yourself, FasaPay offers you an additional level of safety
- You have a 24/7 access to your transaction history
Even though there are many things to be enjoyed at FasaPay, there still are some things that you should know about. First of all, if you are living in either the US or Canada, you will not be able to use this payment method. Also, if you are using credit cards actively, you can not use them to deposit money using them. You can only use transfers from the Bank when it comes to FasaPay.
Who can use FasaPay?
Even though FasaPay was originally created with a strong regional focus on South East Asia, its services can be enjoyed worldwide. There are more than 206 countries where you can use FasaPay, the payment method is not available in the United States or Canada however.
Because of the fact that FasaPay is accepted in so many different countries, many FX brokers are starting to adopt this payment method. One of the reasons for it is that by offering traders the ability to use FasaPay for deposits, brokers are making sure that they offer their services to a huge trading market. Below, you can check some of the best FX brokers that accept this payment method.
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
How do FasaPay payments work?
Once you have created an account with a Forex broker that accepts deposits made with FasaPay, you will be able to make top-ups. To do so, you will first need to fund your FasaPay account, for that, you can transfer money from your local bank account directly. After this, FasaPay will transfer funds to your trading account. To make it easier to understand, FasaPay works as a connector between traders and banks.
The fact that your bank account details are not shown while you are making a deposit makes many people feel a lot safer.
What are the fees applied to FasaPay payments?
There are no fees when it comes to funding the FasaPay account, you can pay anything from $1,000 to $5,000 and you will not be charged anything. However, when it comes to transactions, there is a 0,5% fee charged for transactions that are between $0.10 and $1,000,000.
Is FasaPay a safe payment method?
FasaPay is known to be a very safe payment solution because of the fact that it is encrypted using AES-256 high-grade encrypts. This makes sure that all of the information that is provided is only visible to FasaPay, to make sure that your information is safe, FasaPay uses a dedicated server with Hardware Raid technology for backups.