Best Forex Brokers That Accept Fasapay for Deposit or Withdrawal

Top and The Best Fasapay Forex BrokersCurrencies are traded in the forex market. In the past, forex trading was limited to some institutions and individuals. However, the situation changed with the introduction of online trading platforms and margin accounts. Nearly 75 percent of currency trading is executed by large institutions, but individuals can also participate with very low investment. However, they need to deposit funds into their accounts for forex trading and later o withdraw profits that accrue in their accounts. Online forex brokers make available multiple options to clients for depositing or withdrawing funds and one of them is FasaPay.

Top Trusted Fasapay Forex Brokers in 2017

Broker Info Bonus Open Account
FBS Markets Inc forex broker Min Deposit: $1
Spread: From 0 Pips
Leverage: 3000:1
Regulation: CySEC, IFSC
$50 No-Deposit Bonus, 100% Deposit Bonus, Lucky T-shirt, iPhone 6s Plus Visit Broker
xm best forex broker Min Deposit: $5
Spread: From 1 Pips
Leverage: 888:1
Regulation: ASIC, CySEC, FCA (UK), BaFin, CNMV
15% Welcome Bonus, Loyalty Program Bonus Visit Broker
Pepperstone review best forex broker in Australia Min Deposit: $200
Spread: Starting 0 Pips
Leverage: 500:1
Regulation: ASIC Australia
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octafx forex broker review Min Deposit: $5
Spread: From 0.2 Pips
Leverage: 500:1
Regulation: FSA (Saint Vincent and the Grenadines), FCA UK (#679306)
50% Deposit Bonus Visit Broker
exness forex broker review Min Deposit: $1
Spread: From 0 Pips
Leverage: 2000:1
Regulation: CySEC, FSP, BaFin, CRFIN
35% of the account Deposit Visit Broker
TickMill best Forex broker review Min Deposit: $25
Spread: Starting 0 Pip
Leverage: 500:1
Regulation: FCA UK and FSA (Seychelles)
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FasaPay – What Is It

FasaPay, an online payment gateway, was established Fasa Centra Solutions Ltd., which is based in Singapore. It enables instant online deposits and withdrawals to its clients. Fasa Centra Solutions is a nonbanking company that is engaged in electronic money transfer business. This payment system ensures a safe transfer of funds while maintaining users’ confidentiality.

It is a fast and safe method for making payments online by members around the world. There is no need for credit cards as accounts are funded through bank transfer. However, you need to keep in mind that the FasaPay system accepts only USD or IDR (Indonesian Rupiah).

There are two different websites: fasapay.com and fasapay.co.id. The latter website, available only in Indonesian, is for the people in Indonesia. It does not accept payments in USD. The former website accepts both IDR and USD. Further, each site uses a different type of wallet.

FasaPay – How Does It Work

After a trader opens an account with a forex broker, he/she transfers money from his/her account in a local bank to Fasapay. Then, Fasapay transfers the funds to the trader’s forex broker account. This is to say that Fasapay operates as an intermediary between banks and brokers.

Once a trader’s FasaPay account is verified, he/she can deposit funds from $1,000 to $5,000 for free. However, there is a charge of 0.5 percent for transfers from $0.10 to $1,000,000.

FasaPay sets certain limits when it comes to withdrawing funds to clients’ bank accounts. The minimum and maximum withdrawal limts are USD 1,000 and USD 75,000, respectively per one transaction. Multiple transfers are allowed provided the limits are not exceeded in each transaction.

FasaPay – Security

Apart from the standard password protection, FasaPay secures a customer’s account in four ways:

Master Code – This is a 6-digit code. It is to be provided to in order to change any account data.

PIN Setting – The system will ask for a secret PIN when you log into your account. PIN will be sent to the account holder’s mobile, email, or both.

Transaction PIN – There are three options when it comes to the transaction PIN: separate PINs for Top Up, Redemption, and Transfer. The transaction PIN is sent to the account holder’s mobile, email, or both. Alternatively, account holders can create a static PIN on their own.

API Security – This comes in handy when the account holder uses FasaPay API.

Having discussed a few aspects about the Fasapay system, here are some of the best forex brokers that accept FasaPay for deposit or withdrawal:

#1: XM

xm best forex broker
Spread: From 1 Pips
Leverage: 888:1
Min Deposit: $5
Regulated: ASIC, CySEC, FCA (UK), BaFin, CNMV

XM.com, a trade name of Trading Point Holdings Ltd, is owned as well as operated by Trading Point of Financial Instruments Ltd, which is regulated by CySEC, FCA UK, etc. It is also European Union-registered forex broker. XM has its headquarters in Limassol, Cyprus.

Broker Type – DMA/STP, MM
Minimum Deposit – $5
Deposit/Withdrawal Options: Bank Wire, Neteller, Skrill, WebMoney, Credit Card, WesternUnion, MoneyGram, SOFORT, UnionPay (China), FasaPay, etc.
Maximum Leverage – 888:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – more than 1

#2: FBS

FBS Markets Inc forex broker
Spread: From 0 Pips
Leverage: 3000:1
Min Deposit: $1
Regulated: CySEC, IFSC

FBS, an international forex broker, has presence in over 120 countries. The online forex company boasts of 2,000,000 traders (clients) and 130,000 partners. For Muslim traders, the broker provides swap-free or Islamic accounts. FBS was founded in 2009 and they do not offer financial services to people in the USA, Belize and Japan.

Broker Type – ECN/STP, DMA/STP, MM
Minimum Deposit – $5
Deposit/Withdrawal Options: Visa/Master Card, Neteller, Skrill (7.5% commission), Webmoney, Perfectmoney, OKPAY, FBS Exchanger, Wire Transfer, FasaPay, YuuPay (3% commission), etc.
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Fixed and variable
Lowest Spreads for EUR/USD – 2 pips for Mini accounts and 1 – 2 for Standard accounts

#3: Pepperstone

Pepperstone review best forex broker in Australia
Spread: Starting 0 Pips
Leverage: 500:1
Min Deposit: $200
Regulated: ASIC Australia

Pepperstone

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Pepperstone, an execution-only forex as well as Australian CFD broker, provides trading solutions that cater to both veteran and novice traders. Founded in 2010, the company had its headquarters located in Melbourne, Australia. The company has offices in Shanghai, China and Dallas, USA.

Broker Type – Electronic Communication Network/Straight Through Processing and Direct Market Access/Straight Through Processing
Regulation – Australian Securities and Investments Commission (ASIC)
Platforms – MetaTrader4, cTrader
Minimum Deposit – $200
Deposit/Withdrawal Options – Bank Wire, Debit Card, Credit Card, WebMoney, Neteller, FasaPay, Skrill, BPAY, POLi, QIWI, PayPal, UnionPay(China), etc.
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – more than 0.5 pip for Mini and Standard; more than 0.1 pip for ECN

#4: Tickmill

TickMill best Forex broker review
Spread: Starting 0 Pip
Leverage: 500:1
Min Deposit: $25
Regulated: FCA UK and FSA (Seychelles)

Tickmill, owned by Tickmill Limited and operated by Tmill UK Limited and Tickmill Ltd., which is a company registered in England and Wales. Tickmill has principal and registered offices in London and Seychelles. Tickmill is under the regulatory control of both Financial operates Conduct Authority in the UK and Financial Services Authority of Seychelles.

Broker Type – STP/ECN/NDD/DMA
Regulation – Financial Conduct Authority (FCA), UK and Financial Services Authority (FSA), Seychelles
Platforms – Web Platform, MetaTrader 4, Mobile Platform
Minimum Deposit – $25
Deposit/Withdrawal Options – Wire Transfer, Credit/Debit Card, WebMoney, UnionPay, Skrill, Neteller, FasaPay
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – Starts from 0.0

#5: OCTAFX

octafx forex broker review
Spread: From 0.2 Pips
Leverage: 500:1
Min Deposit: $5
Regulated: FSA (Saint Vincent and the Grenadines), FCA UK (#679306)

OctaFX is the brand name of the Octa Markets Incorporated. The online broker specializes in providing trading opportunities in forex, indexes and commodities. In Saint Vincent and the Grenadines, OCTAFX is registered with license number 19.776 IBC 2011 .

Operational Since: 2011
Types of Accounts: Demo, Micro, Pro, ECN
Minimum Deposit: $5
Spread: starting from 0 Pip
Leverage: Up to 500:1
Deposit/Withdrawal Options: Credit Cards, Fasapay, Wire Transfer, Neteller, Skrill MoneyBookers ,Local Bank for Indonesian
Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader
Bonus: 50% Deposit Bonus

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