FasaPay Forex Brokers

FasaPay is a leading online payment platform that has carved a niche in the space of global financial transactions. It is becoming a popular payment method due to seamless transactions at low costs. FasaPay was established in 2011 and is run by Fasa Centra Solution Limited in Kuala Lumper, Malaysia. Notably, FasaPay has been integrated by more than 500 merchants worldwide including forex brokers, and payments on FasaPay are accepted in IDR and USD. Today, we will look at some of the best FasaPay forex brokers to see what they have to offer to clients. Before that, let’s have a little more understanding of FasaPay as a payment method.

Is FasaPay safe?

Generally, FasaPay is seen as a safe payment method. This is because transaction data are encrypted using AES-256 high-grade encryption. Additionally, the platform employs robust fraud prevention systems to protect against unauthorised access and fraudulent activities. Traders can also implement login security features and pin verification transactions to safeguard their accounts. Below are some of the other top benefits of using FasaPay for transactions.

Benefits Of FasaPay 

• FasaPay generally offers competitive transaction fees, making it a cost-effective option for forex traders.
• Funds on FasaPay are safeguarded by high-grade encryption that only FasaPay can access.
• FasaPay's transaction processing times are notably faster than traditional banking methods as the process of sending payments is fully automated.
• FasaPay has various account types for both individuals and businesses.
•  API integration is available.

Tickmill

Tickmill is a popular broker that supports FasaPay as a payment method. The minimum deposit a trader can deposit on a Tickmill account from FasaPay is $100 and the minimum withdrawal is $25. When depositing, the processing time is instant while withdrawing may take 1 business day to process. No fee is charged on withdrawals and deposits.

Once a trader deposits funds they can start investing in a variety of trading instruments available on Tickmill. The trading instruments include CFDs on forex, indices, stocks, commodities, bonds, metals, and cryptocurrencies. The trading platforms available to use include MetaTrader 4, MetaTrader 5, and Tickmill Trader.

On another positive note, Tickmill has regulations from various jurisdictions. The broker has regulations from the CySEC in Cyprus, the ASIC in Australia, the Labuan FSA, the FSCA in South Africa, and the FSA in Seychelles. Such regulatory oversight makes Tickmill stand out among its competitors in the market.

Lastly, clients can choose between three account types that have different spreads and commissions. The accounts available include the Classic account, the Raw account, and the Tickmill Trader Raw. The classic account has a spread from as low as 1.6 pips for major currency pairs with no commission. The raw account has a low spread from 0.0 pips for major currency pairs with a small commission of $3 per side per lot. Meanwhile, the Tickmill Trader raw account features spreads from 0.0 pips with a commission of $3.5 per lot per side.

72% of retail investor accounts lose money when trading CFDs with this provider.

FBS

FBS offers various payment methods, FasaPay included. The other payment methods available on FBS include QRIS, Mandiri, DANA, OVO, Permata Bank, and Perfectmoney. FasaPay on FBS has instant transactions with a limit of 60,000 IDR. FBS does not charge any fees when funding accounts using this payment option. 

Further, the broker has a variety of trading instruments that a trader can invest in. The markets available range from forex, metals, indices, energies, and stocks, to cryptocurrencies. This diversity of trading instruments enables traders to spread risk across the various markets.

What's more, FBS offers a variety of world-class trading platforms from which a trader can choose. The platforms available include the FBS app, MetaTrader 4 which is one of the popular platforms worldwide, and MetaTrader 5. Additionally, FBS offers some of the lowest spreads in the market. The low spreads available start from as low as 0.7 pips for major currency pairs with no commission.

Lastly, regulations from several reputable organizations indicate that a broker is keen to follow strict rules. FBS has regulations from several reputable organizations including the CySEC in Cyprus, the ASIC in Australia, and the FSCA in South Africa.

72.68% of retail CFD accounts lose money

FP Markets

FP Markets offers various payment methods to its traders including FasaPay, credit cards, debit cards, and Neteller, among many others. When using FasaPay on FP Markets, traders are not charged any fee for depositing. The minimum deposit accepted by the broker is $100 and the only accepted currencies when using FasaPay are USD and IDR. Notably, the deposit time for MT4 and MT5 accounts is instant while Iress accounts will have their deposits processed within 1 business day. FasaPay withdrawals take 1 business day to process and have a fee of 0.5%.

Notably, FP Markets offers a variety of trading instruments for traders to explore. The wide range of markets enables traders to spread their risk accordingly. Specifically, the broker has over 10,000 trading instruments which include CFDs on forex, indices, commodities, stocks, metals, cryptocurrencies, bonds, and ETFs. The trading instruments can be accessed on world-class trading platforms the broker offers which include MetaTrader 4, MetaTrader 5, TradingView, cTrader, and Iress. These platforms feature powerful trading tools, advanced charting, and superior execution.

FP Markets offers two main trading accounts that include the standard account and the Raw account. The accounts offered have different spreads and commissions. The standard account features spreads from as low as 1.0 pips for major currency pairs with no commission. On the other hand, the Raw account features spreads from 0.0 pips for major currency pairs with a small commission of $3 per side per lot.

Lastly, FP Markets has licenses and regulations from various reputable organisations around the world. The broker has regulations from the CySEC in Cyprus, the ASIC in Australia, the CMA in Kenya, and the FSCA in South Africa, among others. Regulations play a huge role in safeguarding client funds and ensuring fair trading conditions.

72.92% of retail CFD accounts lose money

AvaTrade

AvaTrade is another contender as one of the best FasaPay forex brokers in the world. This broker supports a variety of payment solutions including credit cards, WebMoney, FasaPay, Dinpay, Boleto and wire transfers. The minimum deposit accepted by AvaTrade is also $100. 

At AvaTrade, investors can access a wide collection of trading instruments. These include CFDs on forex, stocks, commodities, indices, cryptocurrencies, ETFs, and bonds. Spreads for trading these assets are competitive, starting from as low as 0.9 pips on major currency pairs with no commission charged.

AvaTrade provides a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary AvaTradeGO. For those interested in social and copy trading, AvaTrade provides DupliTrade and Zulutrade, allowing traders to replicate the strategies of successful traders globally.

Finally, AvaTrade operates under the oversight of several leading financial regulators. These include the Central Bank of Ireland, ASIC in Australia, FSA in Japan, FSCA in South Africa, and ADGM in the UAE.

Fusion Markets

Fusion Markets is yet another forex broker that offers FasaPay to its traders. When a trader deposits directly from FasaPay to their Fusion Markets trading account, the transaction is instant. While Fusion Markets does not have a minimum deposit requirement, it only accepts a minimum deposit of $10 when using this payment option. In terms of regulations, Fusion Markets is regulated by one of the top regulators in the market. The broker has licenses and regulations from ASIC in Australia. It also has regulations from the FSA in Seychelles and the VFSC in Vanuatu.

There are two main accounts which include the Zero account and the Classic account. The Zero account features spreads from as low as 0.0 pips for major currency pairs with a small commission of $4.50 per round turn. In contrast, the Classic account spreads are from 0.9 pips for major currency pairs with no commission charged.

Moreover, Fusion Markets allows diversification of trading portfolios due to its wide range of trading instruments. The wide range offered by the broker includes CFDs on forex, indices, metal, commodities, cryptocurrencies, and US Shares. Traders can invest in the market using state-of-the-art trading platforms. The platforms available include MetaTrader4, MetaTrader 5, TradingView, and cTrader. The platforms available are easy to use, making them suitable for both advanced and new traders.

FXPrimus

FXPrimus allows traders to fund their accounts using various methods including FasaPay. Some of the other methods include visas, TrustPay, Neteller, UnionPay, and SafeCharge.

FXPriums allows traders to invest in a variety of trading instruments. Traders can invest in over 130 instruments including CFDs on forex, indices, equities, energies, precious metals, cryptocurrencies, and stocks. The trading platforms available for trading the various markets include MetaTrader 4, MetaTrader 5, cTrader, and WebTrader.

FXPriums offers different accounts that are tailor-made to suit all clients of all portfolio types and investment levels. The available accounts include the Primus Classic, the Primus Pro, the Primus Zero, and the Primus Demo. The Primus Classic and Primus Demo accounts feature spreads from as low as 1.5 pips for major currency pairs with no commission. On the other hand, the Primus Pro account has spread from as low as 0.3 pips with a small commission of $8 on MT5 and $10 on MT4. Lastly, the Primus Zero account has spread from as low as 0.0 pips with a commission of $5.

FXPrimus is not heavily regulated, unlike other brokers in the market. However, it has regulations from one of the top regulators in the market. The broker is regulated by the CySEC in Cyprus.

Global Prime

Global Prime is the last broker that supports FasaPay which we will feature here. This broker has a minimum deposit of $10 which gives traders access to a ton of market products. Deposits are processed instantly when using FasaPay and a trader will not be charged any additional fees by the broker.

When it comes to trading instruments, Global Prime does not disappoint. The available markets include CFDs on forex, indices, crypto, commodities, and bonds. This means a trader can invest in a variety of markets under the same account. The markets are tradable on a variety of trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and TradingView.

Further, there are two main accounts available to use which include the standard and raw accounts. The standard account has a spread from as low as 0.9 pips for major currency pairs with no commission. On the other hand, the raw account has spreads that start from 0.0 pips with a commission of $3.5 per side per lot.

Regulations are an important key feature of a broker and should not be overlooked. Global Prime is regulated by the ASIC in Australia which is one of the top regulators in the market. The broker is also regulated by the VFSC in Vanuatu.

Closing Remarks

FasaPay has emerged as a convenient and secure payment method for forex traders. As such, a lot of brokers in the market have integrated FasaPay as a payment method to allow their traders to deposit and withdraw funds. While FasaPay offers several benefits, it's essential to consider other factors when picking a broker to trade with. 

These include the regulations of a broker, the trading fees involved, the collection of market products, and the trading platforms available. Additionally, traders can consider other factors like transaction fees and supported currencies. The brokers mentioned in this article are some of the top FasaPay brokers in the market today. However, we recognise that there may be many others that we have not included here. Hence, we advise traders to do a lot of research before choosing a broker they prefer.