FasaPay Brokers 2024

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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
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FasaPay is an online payment method offered by a wide range of forex brokers. With low fees, traders can deposit or top-up their FasaPay account via bank transfer, either through the website or mobile app.

In this review, we explain how to register for an account and login via your trading platform. Also, find out how the payment system compares to electronic card wallets such as PayPal or Neteller. To start trading with the best brokers that accept FasaPay deposits, see the list directly below.

Best FasaPay Brokers

We've uncovered the following 5 top brokers with FasaPay deposits and withdrawals:

FasaPay Brokers Comparison

FasaPay Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
AvaTrade logo
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade 1:30 (Retail) 1:400 (Pro) Visit
Deriv.com logo
$5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 1:1000 Visit
Eightcap logo
$100 CFDs, Forex, Stocks, Indices, Commodities MT4, MT5, TradingView - Visit
BlackBull Markets logo
$0 Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos MT4, MT5, cTrader, TradingView, AutoChartist 1:500 Visit
Vantage logo
$50 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds ProTrader, MT4, MT5, TradingView, DupliTrade 1:500 Visit
CMTrading logo
$100 Forex, CFDs, Indices, Shares, Energies, Metals, Cryptos CMTrading Webtrader, MT4 1:200 Visit
Fusion Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, cTrader, TradingView, DupliTrade 1:500 Visit
Pocket Option logo
$50 Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos Web, MT4, MT5 - Visit
Axi logo
$0 Forex, CFDs, indices, shares, commodities, cryptocurrencies MT4, AutoChartist 1:400 Visit
VT Markets logo
$200 CFDs, Forex, Commodities, Stocks, Indices MT4, MT5, TradingView, TradingCentral 1:500 Visit
Tradeview logo
$100 Forex, CFDs, indices, shares, commodities, cryptocurrencies MT4, MT5, cTrader 1:400 (CIMA), 1:30 (MFSA) Visit
Moneta Markets logo
$50 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto AppTrader, ProTrader, MT4, MT5, TradingCentral 1:1000 Visit
M4Markets logo
$5 Forex, CFDs, Indices, Shares, Commodities, Cryptos MT4, MT5 1:1000 Visit
Grand Capital logo
$10 CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options MT4, MT5 1:500 Visit
IronFX logo
$100 Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs) MT4, AutoChartist, TradingCentral 1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM) Visit

#1 - AvaTrade

Why We Chose AvaTrade

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 day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#2 - Deriv.com

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team
  • Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
  • Regulator: MFSA, LFSA, VFSC, BFSC
  • Platforms: Deriv Trader, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

#3 - Eightcap

Why We Chose Eightcap

"Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities
  • Regulator: ASIC, FCA, xCySEC, SCB
  • Platforms: MT4, MT5, TradingView
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots

#4 - BlackBull Markets

Why We Chose BlackBull Markets

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.

"BlackBull Markets will suit traders of all experience levels with a growing suite of thousands of tradable instruments, tight spreads and the familiar MetaTrader platforms."

- DayTrading Review Team
  • Instruments: Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos
  • Regulator: FMA, FSA
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

#5 - Vantage

Why We Chose Vantage

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.

"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
  • Regulator: FCA, ASIC, FSCA, VFSC
  • Platforms: ProTrader, MT4, MT5, TradingView, DupliTrade
  • Minimum Deposit: $50
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

How Did We Choose The Best FasaPay Brokers?

To uncover the top FasaPay brokers, we:

  • Leveraged our 500-strong database to find all those offering FasaPay
  • Checked that they accept FasaPay deposits and withdrawals for day trading
  • Sorted them by their rating, mixing our test findings with extensive data

FasaPay Overview

FasaPay is a trading name of Fasa Centra Solutions Ltd, an electronic payment company based in Kuala Lumpur, Malaysia. Founded in 2011, the company is a globally recognized and trusted payment method, used by hundreds of merchants, including online brokers.

The system allows users to make instant money transfers online without the need to process the payment manually. Once users have registered, they are free to top-up via bank transfer. Accounts are issued in USD and IDR and the brand uses a list of partner exchanger platforms such as EPay.

fasapay brokers

Pros Of Trading With FasaPay

FasaPay is offered by many well-known forex and binary options brokers, particularly those who cater to the Asian market, including Alpari and Eightcap.

You can also send and receive money automatically by using the XML API. This is useful for tech-savvy investors who want to set up a fully automated trading system.

Supported Countries

Apart from the USA and Canada, deposits and withdrawals are accepted worldwide where USD or IDR bank accounts are supported, including the Philippines, Indonesia, Pakistan, Kenya, Bangladesh, Zambia, Zimbabwe, Aman, Sri Lanka, Uganda, Nigeria, Australia, India, and France.

Good Customer Support

The company offers a live chat service for prompt support with a payment error or assistance managing your funds. Traders can also try the FAQ section or get in contact via telephone or email (support@fasapay.com). Alternatively, the support team of your respective broker may be able to help with deposit and withdrawal issues.

Buyer Protection

The firm offers buyer protection for consumers, which provides support and guidance in the case of any disputes with merchants. Traders should note that this process can be lengthy, so make sure you are depositing with a trusted and reliable broker.

Cons Of Trading With FasaPay

Account Profile Required

You must have a topped-up account before it can be used, meaning it’s not as convenient as direct payment methods that allow bank-to-bank transactions.

Limited Currencies

The payment system currently only supports USD or IDR, so it’s not the most accessible if you compare it to the likes of Skrill. Bitcoin (BTC) is also not accepted.

Restricted Countries

Despite accepting USD and IDR bank accounts in numerous countries, the provider does not accept customers or traders from the United States or Canada.

No Card

The company does not issue its own Visa card, Mastercard, or prepaid cards. The method is, therefore, not as competitive as other more versatile electronic wallet systems.

Bank Transfer Only

Deposits and withdrawals are only available via one of the three bank transfer options, depending on your account currency: the payment gateway (IDR), the Master Changer (IDR), or via bank transfer (USD). Funding via credit or debit cards is not available.

Speed

It is quick and easy to sign up for FasaPay, but you will need to pass the verification process before you can top up or withdraw funds. The verification process takes 1 – 3 business days, whilst top-ups can take up to 60 minutes to show in your account.

Once verified, payments are processed instantly. With that said, brokers may have their own processing time frames, especially for withdrawals which can range from one minute to several days.

Withdrawals from FasaPay to your bank account can take 2 – 10 days after the payment company has received the withdrawal.

Security

The brand uses AES-256 high-grade SSL encryption protocols, as well as backups via Raid Hardware technology. It’s also important to ensure that your broker follows standard security procedures within the trading platform.

How To Deposit Using FasaPay

New users will need to open an IDR or USD account through the FasaPay website and then top up using one of the deposit methods.

To deposit or withdraw at FasaPay brokers like AvaTrade, select FasaPay in the funding section and enter the amount. Your broker will then redirect you to the payment provider’s portal where you will need to sign in to the member’s area and confirm the transaction.

Fees & Rates

FasaPay charges a 0.5% (minimum $0.01) transfer fee for Active and Verified members. There are no costs for deposits or withdrawals but your broker may charge their own processing fees. For example, RoboForex charges up to 4% in withdrawal fees. Other brokers may cover all costs, including XM and IQ Option.

Is FasaPay Good For Day Trading?

Once past the verification process, traders with USD or IDR bank accounts will benefit from a simple online payment method with no fees for deposits or withdrawals. FasaPay also follows industry-standard security procedures. However, the limited accepted currencies and lack of e-wallet card storage will rule out a lot of traders who may prefer more flexible options, such as PayPal or Perfect Money.

FAQ

How Do I Use FasaPay In My Trading Account?

To deposit or withdraw, you will need to select FasaPay in the funding section of your trading platform and sign in to your FasaPay account when it redirects you. You will then need to confirm the transaction within the portal to complete the payment.

Is FasaPay Legit And Safe To Use At My Broker?

Fasa Centra Solutions Ltd is a legitimate company based in Malaysia that’s been in operation since 2011. FasaPay is a safe payment method that uses AES-256 encryptions. That said, it’s also worth checking what security measures your broker has in place to safeguard your trading account.

Does FasaPay Work In Nigeria?

Except for the United States and Canada, traders can use FasaPay in any country as long as they have a USD or IDR bank account, and as long as their broker supports it.