Best FasaPay Brokers 2024

FasaPay is an e-wallet that investors can use to transfer funds between their bank account and a trading broker. As a reliable and low-cost payment method, FasaPay is a viable deposit option for UK-based traders.

This guide will detail how it works and review transfer fees, processing times, pros, cons and anything else traders should know before signing up with FasaPay brokers. We have also ranked the best brokers that accept FasaPay deposits in 2024.

FasaPay Brokers

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    AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, alongside a comprehensive education center and multilingual customer support.

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    Eightcap have a global presence and are FCA regulated. They boast low trading fees and are the highest rated brand by TradingView users - and users can trade directly from TradingView. New traders can also sign up for a live account in just a few minutes with £100.

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    BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.

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    Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.

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    Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

  6. Axi

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    Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.

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    Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

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    Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and SVGFSA.

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    Tradeview is an offshore forex and CFD broker based in the Cayman Islands and regulated by CIMA. Traders can access over 5000 instruments with a minimum deposit of $100. There are several third-party platforms on offer, including MetaTrader 4 (MT4) and cTrader.

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    M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Although relatively new, the broker continues to improve its offering with a range of innovative tools, platforms and accounts. Beginners can start with just $5, whilst experienced investors can access leverage up to 1:5000.

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    Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests.

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    IronFX is a multi-regulated forex and CFD broker founded in 2010. This award-winning firm offers 500+ markets to over 1.5 million clients across 180 countries. Traders can access various account types with competitive pricing on the MT4 platform, as well as 24/5 customer support in 30 languages.

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    4xCube is an online forex and CFD broker registered and licensed in the Cook Islands. Clients can trade on popular financial markets and choose between three accounts based on their capital and trading strategy.

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    ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.

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    Pacific Union Prime is an FSCA and offshore-regulated multi-asset broker offering competitive fees and direct market access on forex, commodities, stocks, bonds and indices. The broker supports the popular MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile app. Fees vary by account type with no commission and spreads from 1.9 pips on the Standard account and $7 commission per lot and spreads from 0.4 pips on the Prime account.

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    SimpleFX is an offshore forex, CFD and cryptocurrency broker with over 200,000 clients globally. The broker offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi currency accounts.

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    FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.

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    FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.

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    Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC.

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    FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.

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    TMGM is an ASIC-regulated forex and CFD broker with a vast range of tradeable assets covering forex, stock, index, crypto and commodity markets. The account types on offer provide a flexible choice between no commission or zero spreads, with competitive pricing all-round.

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    GC Option is a binary options broker offering contracts with flexible contract lengths and payouts up to 86% on 27 instruments. This is one of the few binary options brokers to support MetaTrader 4, which it provides alongside two proprietary trading platforms.

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    RoboMarkets is a Cyprus-based forex, CFD and stock broker aimed at traders from Europe. The broker offers thousands of instruments across six asset classes and provides access to four leading platforms, including MetaTrader 4. With ECN pricing, Cent accounts and algorithmic trading tools, RoboMarkets caters to a range of trading strategies and investing styles.

About FasaPay

Operated by Fasa Centra Solutions Ltd., FasaPay is an online payment service that connects customers such as traders, with merchants like online brokers.

Launched in 2011, it has become a popular payment method with over 560,000 members and more than 400 merchants across 222 supported countries, including the UK.

The company is based in Kuala Lumpur, Malaysia and there is an additional office in Dubai, UAE.

Importantly, FasaPay only supports transfers made using USD and IDR. If you want to make trading deposits using Pound Sterling (GBP) or crypto like Bitcoin (BTC), you will need to account for currency conversion charges.

How FasaPay Works

Your membership status impacts the features and limits available. The three different membership types are registered, active and verified. If you want to use FasaPay for depositing funds to a trading broker or withdrawing funds back to your bank account, you need to have a verified member status.

To become verified, you will need to upload a scan of your passport and a photo of yourself after you register a new account. In addition, you must submit a billing statement to prove your address is correct.

The verification process typically takes between one and three business days.

Transfer Times

FasaPay is generally a fast method for funding trading accounts. Most brokers that accept FasaPay deposits will process payments instantly, including Axi and FP Markets.

You can expect withdrawals to take longer. Withdrawals at Axi, for instance, take between one and three business days while clients of FP Markets must wait at least one business day.

Fortunately, this is not always the case as funds are transferred immediately when using FasaPay for both deposits and withdrawals at Global GT.

Fees & Limits

FasaPay does not impose any charges on users when they deposit and withdraw funds. The only transfer fees come from merchants and customers sending money between accounts.

Many brokers that accept FasaPay deposits and withdrawals do not charge a fee. For instance, both Axi and Global GT offer free transfers, with minimum deposit and withdrawal limits of $5 and $10, respectively.

However, there are certain FasaPay brokers that do impose fees. For example, FP Markets and SuperForex charge a 0.5% commission across all withdrawals. Furthermore, Alpari charges a flat 0.5% rate for both deposits and withdrawals, up to a maximum withdrawal fee of $5.

How To Make Deposits & Withdrawals With FasaPay

Deposits

  1. Ensure that you have topped up your FasaPay account with sufficient funds to cover the trading deposit. This can be done using Payment Gateway, Master Changer or bank transfer
  2. Log into your brokerage account
  3. Go to the section of the mobile app, platform or website relating to funding
  4. Select FasaPay as the chosen payment method
  5. Specify the amount you wish to deposit
  6. Submit the request
  7. You will be taken to the FasaPay portal where you must input your account details
  8. Confirm the deposit

Withdrawals

  1. Sign into your account with respective FasaPay brokers
  2. Navigate to the funding section of your broker’s platform
  3. Click ‘Withdraw’ and choose FasaPay as the method
  4. Type the amount that you want to withdraw. You may also be asked to choose the currency
  5. Input your FasaPay destination account details
  6. Confirm the request and complete any verification steps
  7. The funds will then be withdrawn to your FasaPay account rather than directly to your bank account

FasaPay transfers

Payment Security

The payment solution offers a number of protective measures to its customers. These provide traders with validation tools to ensure that only authorised people can use their accounts. This includes a six-digit master code asked before changing account information, PINs used to confirm sign-in attempts and transactions, as well as API security to blacklist certain IP addresses. These tools altogether can help to keep your trading funds secure, even if your profile login ID is compromised.

To improve your safety, only use FCA-regulated brokers that accept FasaPay deposits. Trading firms licensed by the Financial Conduct Authority must abide by various safety and security standards, including providing compensation of up to £85,000 through the Financial Services Compensation Scheme if the broker defaults and offering negative balance protection.

Customer Support

If you experience an error when attempting to deposit trading funds at FasaPay brokers, contact the support team. The customer service desk is available via the following channels:

  • Skype call
  • Contact form
  • Live chat on the website
  • Email support@fasapay.com
  • Social media accounts on Facebook and Twitter
  • FAQ section on the payment provider’s website

Alternatively, you can contact your broker’s customer support team for an update on deposit or withdrawal requests.

Mobile App

FasaPay has launched a mobile app for Android but not yet for iOS devices.

To download the app on your Android device, there is a link to Google Play on the e-wallet’s website. If you are using an iPhone or iPad, you may be able to find an unofficial APK app from a third-party website online.

Pros Of FasaPay For UK Traders

  • Multiple security measures
  • Easy to set up an account and make payments to FasaPay brokers
  • There is a decent list of UK brokers that accept FasaPay deposits
  • Low-cost or free deposits and withdrawals
  • Instant account funding

Cons Of FasaPay For UK Traders

  • Withdrawn funds from brokers are transferred to your FasaPay account rather than back to your bank account
  • Traders must submit private documents before they can deposit funds with the payment solution
  • UK traders cannot hold funds in GBP

Bottomline On FasaPay Brokers

FasaPay offers a useful way of sending funds to and receiving withdrawals from your trading broker. It is an inexpensive online payment method that processes transactions quickly. It is also free and easy to open an account, making it an option worth considering. On the downside, it is not as widely accepted as alternative e-wallets, such as Neteller, Skrill, PayPal, plus prepaid Visa cards.

To make a deposit and start trading today, head to our ranking of the top FasaPay brokers.

FAQ

Can UK-Based Traders Use FasaPay To Fund Brokerage Accounts?

Yes, UK-based investors that are looking to deposit funds to online brokers can sign up with FasaPay. However, clients can only hold funds in USD or IDR so you will need to pay conversion fees from GBP to use the service.

Do All UK Brokers Accept FasaPay Deposits?

While there are some brokers that accept FasaPay deposits, there are many platforms that do not. For example, clients that want to deposit funds to the forex brokers XM or RoboForex will need to seek alternative methods such as Skrill or Neteller. Alternatively, see our list of the best FasaPay brokers to make a deposit today.

How Quickly Are Trading Deposits Using FasaPay Processed?

In general, FasaPay is a fast method with many brokers advertising immediate deposits, such as Alpari. On the other hand, withdrawals will take longer. For instance, Alpari says that customers must wait one working day while Axi says withdrawals typically take up to three working days.

Can I Trust FasaPay To Fund My Online Trading Account?

FasaPay is a legitimate and reliable online wallet and payment method with over 400 reputable merchant partners, including trading brokers. You can trust it to keep your account and funds secure through various protective measures, such as two-factor authentication and IP blacklisting.