Best Paytrust Brokers 2024

Paytrust, or Paytrust88, is a digital payment gateway accepted by several trading brokers and forex platforms. As a popular financial transaction method in South East Asia, Paytrust enables traders from countries such as South Korea, Indonesia, Malaysia and China, to transfer funds quickly and safely.

If you’re new to the deposit option, we review the solutions on offer in this article, plus other key features of the interface, such as fees, security and customer service. We also list and compare the best brokers that accept Paytrust deposits.

Best Paytrust Brokers

Our extensive tests have revealed that these are the top 3 brokers with Paytrust:

Paytrust Brokers Comparison

Paytrust Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
Deriv.com logo
$5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 1:1000 Visit
Grand Capital logo
$10 CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options MT4, MT5 1:500 Visit
GC Option logo
$10 Binary Options on Forex, Metals and Cryptos MT4, TradingView - Visit

#1 - 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

#2 - Grand Capital

Why We Chose Grand Capital

Grand Capital is a MetaTrader broker with welcome bonuses, trading competitions and an intuitive copy trading service. Several account types and 400+ assets provide trading opportunities for various types of investors and strategies. New users can also open an account and start trading in a matter of minutes.

"Grand Capital is a good broker for traders familiar with MetaTrader plus passive investors interested in copy trading and LAMM solutions. On the downside, the broker's regulatory credentials lag behind competitors."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options
  • Regulator: FinaCom
  • Platforms: MT4, MT5
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

#3 - GC Option

Why We Chose GC Option

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.

"Binary options traders who favor the MetaTrader 4 platform should try out GC Option. The double-touch contracts and selection of expiry times offer a good range of trading opportunities."

- DayTrading Review Team
  • Instruments: Binary Options on Forex, Metals and Cryptos
  • Platforms: MT4, TradingView
  • Minimum Deposit: $10
  • Minimum Trade: $1

What Is Paytrust?

As part of the growing payment provider market, Paytrust operates as an intermediary between a client’s bank and online services, such as trading brokers. Many traders have opted to deposit and withdraw funds via the payment solution, due to the added layer of security that using an intermediary provides.

Founded in 2016, Paytrust88 supports many major banks within South East Asia, providing a consolidated platform where traders can deposit in a choice of currency, including Thai baht (THB), Vietnamese dong (VND) and Malaysian ringgit (MYR). The payment gateway also offers solutions for clients wishing to quickly convert their local currency into dollars when making a deposit.

Paytrust deposits

The payment gateway operates on a secure encrypted platform that can be linked to online brokerages and optimised for use on any device. However, the company does not currently offer its solutions on a mobile app, meaning that clients can only manage their accounts via a web browser.

Fees

Paytrust appeals to traders largely due to the lack of fees needed for deposits and its availability as a payment service with many brokers. Some brokers may even absorb any transaction fees, subject to the trader depositing a certain amount. The payment solution also supports unlimited daily transactions, although some brokers may apply limits or fees for transferring money within their platform.

If exchanging currency through Paytrust, there may also be additional fees or commissions built into their swap rates. It’s worth comparing the exchange rates offered by the brand to those of foreign exchanges, to get the best value.

Transaction Speed

Once set up with bank details, Paytrust88 is a fast and safe method of depositing funds onto a brokerage or exchange. Upon opening the payment portal, traders are required to input their bank login details and password to ensure transaction security. Once these steps are complete, funds will be quickly available for trading.

Withdrawal times can vary from broker to broker, but most Paytrust withdrawals are processed within one business day. The transfer solution ensures clients that funds can be safely withdrawn with minimal delay.

Security

When considering a service like Paytrust, traders must prioritise the safety of their transactions and funds. Some brokers and payment services can operate as scams, so traders should always do their due diligence before putting their bank details anywhere. Some legitimate companies can also be hacked and have their customer data stolen.

Paytrust is a legitimate transaction intermediary which ensures that the brokerage does not have direct access to your payment information. The payment solutions claims to use “the highest encryption standard available”, providing traders with a secure connection between the broker and bank. However, it is unclear whether additional protection measures are in place, such as two-factor authentication.

How To Deposit Using Paytrust

Once you have identified a broker that offers Paytrust deposits, making payments is a simple process:

  1. Log in to your broker’s platform and head to the deposit and withdrawal section. You should find any fees or terms associated with your payment on this page.
  2. Determine the amount you wish to deposit or withdraw and enter the details into the Paytrust88 online request form. The payment gateway will open a new window that serves as the secure interface between the client’s bank and the broker.
  3. Traders will be required to log in to their Paytrust account before confirming the bank account they wish to use for the transfer. You may need to answer additional security questions, depending on your bank.
  4. The transaction is then completed and your balance will update accordingly.

Advantages Of Using Paytrust For Traders

There are several benefits of using Paytrust to fund trading accounts:

Disadvantages Of Using Paytrust For Traders

We’ve identified a few potential drawbacks of trading with Paytrust:

Is Paytrust Good For Day Trading?

All in all, Paytrust is a safe and legitimate method of transferring funds on a brokerage platform for forex traders in South East Asia. Operating with major banks in Indonesia, Malaysia and China such as Maybank and CIMB, the payment solution aims to support trader deposits and withdrawals seamlessly. Before using any payment service, make sure to look out for potential transaction fees or any limited security features which may compromise your investments.

FAQ

How Does Paytrust Work With My Trading Account?

Paytrust is an online payment provider that links your bank account to your live trading account. The payment gateway offers fast deposits and withdrawals in a range of Asian market currencies including THB, VND and MYR.

Is Paytrust Safe To Use With My Trading Account?

Paytrust88 is a legitimate international payment gateway accepted by many brokers and forex exchanges. When using the solution to transfer funds, traders can rely on encryption to keep their data safe. That said, it’s also important to trade with a trusted brokerage that complies with security standards.

How Do I Contact Paytrust If There Is An Issue Depositing To My Trading Account?

The company provides limited customer support. For information or help, traders will need to sign up for an account by filling in the customer request form on the website.