Best FasaPay Brokers 2026
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
Sorry, there are no brokers that accept traders from your location (United States). If this location is incorrect, please change it.
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.
Pros Of Trading With FasaPay
Popular Among Brokers
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.