Best FasaPay Brokers 2025
Discover the best brokers with FasaPay deposits and withdrawals following our rigorous hands-on tests.
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1Introduced in 2020, RedMars, situated in Cyprus, provides competitive spreads across over 300 trading instruments with a leverage of up to 1:500. They offer three account tiers, namely, Standard, Pro, and VIP, catering to different budgets and levels of trading experience. RedMars also features a speedy, entirely digital account creation process.
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.9 Founded in 2006, AvaTrade is a top forex and CFD broker trusted by over 400,000 traders. Regulated in 9 regions, it handles more than 2 million trades monthly. AvaTrade offers platforms like MT4, MT5, and WebTrader, with over 1,250 instruments. Traders of all levels can explore CFDs, AvaOptions, and AvaFutures for short-term trading. AvaTrade provides excellent education and 24/5 multilingual customer support for a complete trading experience. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.6 Established in 2008, Exness is a respected broker known for offering over 40 account currencies, a wide choice of CFD instruments, and an intuitive web platform with features like currency converters and trading calculators. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.6 Founded in 1999, Deriv is an innovative broker serving over 2.5 million global clients. The firm offers CFDs, multipliers, and recently, accumulators, along with unique derived products for flexible short-term trading. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.6 Eightcap is an award-winning, FCA-regulated broker with low trading fees. They are highly rated by TradingView’s users, who can trade directly on the platform. UK traders can open a live account with a £100 minimum deposit. Eightcap is a multi-regulated forex and CFD broker founded in Australia in 2009. It is popular with active traders, offering 800+ instruments, tight spreads, and improvements like the TradingView platform, AI-powered financial calendars, and algo trading tools that require no coding experience.
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Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Detailed Rating Comparison
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Fee and Cost Comparison
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Broker Popularity
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Why Trade With RedMars?
RedMars is suitable for expert traders in the EU who are comfortable with the MetaTrader 5 platform, as the broker is approved by the CySEC. However, due to its minimal education and research tools, it is not recommended for beginners.
Pros
- RedMars provides a superior trading platform, MT5, equipped with 21 timeframes, multiple analytical tools, customizable templates, and algorithmic trading.
- The broker is among a few firms that provide a special account for VIPs featuring premium support and exclusive event invitations.
- The broker accepts several payment options such as wire transfers, credit cards, e-wallets, and notably, cryptocurrencies for trading related transactions.
Cons
- The trading platform is simple, lacking advanced features like Islamic account, PAMM account, or copy trading.
- RedMars provides a constrained trading platform, offering just 300 instruments. This is quite limited compared to top competitors such as BlackBull Markets, which boasts 26,000 assets.
- RedMars' spreads are industry-standard, but they don't provide a substantial advantage over the least expensive trading brokers we have experience with, particularly IC Markets.
Why Trade With AvaTrade?
AvaTrade provides traders with essential tools: an intuitive WebTrader, strong AvaProtect risk management, a quick 5-minute sign-up, and reliable support for fast-paced markets.
Pros
- The WebTrader performed well in our tests, featuring an easy-to-use interface for beginners and strong charting tools, including 6 chart layouts and over 60 technical indicators.
- AvaTrade enhances its products with AvaFutures, offering an alternative to trade over 35 markets with low trading margins.
- Years later, AvaTrade is still among the few brokers with a custom risk management tool, AvaProtect, which insures losses up to $1M for a fee and is simple to use on the platform.
Cons
- Signing up is easy, but AvaTrade doesn't offer an ECN account like Pepperstone or IC Markets, which provides raw spreads and fast execution that many traders want.
- AvaTrade’s WebTrader has improved, but it needs more customization as widgets like market watch and watchlists can't be hidden, moved, or resized.
- While the deposit process is smooth, AvaTrade doesn't support crypto payments, unlike TopFX, which caters to crypto-focused traders.
Why Trade With Exness?
Exness is an excellent choice for active forex traders aiming to reduce costs after lowering spreads, enhancing execution speeds, and offering trading on over 100 currency pairs with more than 40 account currencies.
Pros
- Wide variety of account types for all experience levels, including Cent, Pro, and the new Raw Spread, ideal for traders.
- Exness Terminal provides an easy experience for beginners with interactive charts, and creating watchlists is simple.
- Competitive spreads for USOIL and BTCUSD in 2024 start from 0 pips, with low commissions from $2 per side.
Cons
- Besides a mediocre blog, educational resources are lacking, especially compared to category leaders like IG, which offer a more comprehensive trading journey for new traders.
- Exness has increased its variety of CFDs and introduced a copy trading feature, but it still lacks real assets like ETFs, cryptocurrencies, or bonds.
- Retail trading services are not available in some areas, such as the US and UK, which limits access compared to leading brokers like Interactive Brokers.
Why Trade With Deriv?
Deriv is perfect for active traders looking for unique methods to engage with global financial markets. It offers multipliers, accumulator options, and exclusive synthetic indices that simulate real market movements and are accessible 24/7, ensuring continuous trading opportunities outside regular market hours.
Pros
- Deriv offers unique products like multipliers, derived indices, and accumulator options, providing exclusive short-term trading opportunities.
- Account funding is simple with a low minimum deposit of $5 and many payment options, including Tether, added in 2023.
- After incorporating TradingView and MT5 web trader, Deriv now provides top-quality charting tools across desktop, web, and mobile.
Cons
- Though there’s a basic blog, there is limited technical analysis or market reports available to assist traders in spotting potential opportunities.
- Leverage up to 1:1000 attracts traders with high risk tolerance, but it's disappointing that leverage can't be adjusted in the account settings.
- Besides the MFSA in the EU, Deriv does not have high-level regulatory credentials, which decreases protections such as access to investor compensation.
Why Trade With Eightcap?
Eightcap provides all necessary resources for traders, including an expanding array of charting platforms, educational programs in Labs, and the integration of AI-powered tools. With the addition of more than 120 cryptocurrency Contracts for Difference (CFDs), it has established itself as a preferred option for crypto trading. It has received our 'Best Crypto Broker' award consecutively for two years.
Pros
- Eightcap excelled in key areas for traders, surpassing all competitors to win our 'Best Overall Broker' award for 2024, and securing the 'Best Crypto Broker' and 'Best TradingView Broker' titles for 2025.
- In 2021, Eightcap expanded its offerings to include a wide range of cryptocurrency CFDs. They now offer pairs of cryptocurrency to fiat currency, cryptocurrency to cryptocurrency, along with cryptocurrency indices for more comprehensive market exposure.
- Eightcap offers a range of robust trading tools and resources, like MT4, MT5, the advanced algorithmic platform Capitalise.ai, and the 100-million user social trading network TradingView.
Cons
- The demo account expires in 30 days and can only be renewed if requested. This is less convenient compared to XM, which offers an unlimited demo mode.
- Eightcap should expand its collection of trading instruments to compare with top performers like Blackbull Markets, which offers over 26,000 assets. Currently, Eightcap's selection of commodities is notably limited.
- Eightcap does not provide popular tools like Autochartist or Trading Central. These tools are known for their advanced charting analytics, live news, and market insights for traders.
Filters
Understanding FasaPay for Trading
FasaPay is a convenient online payment system often used by various forex brokers. This payment method has low fees and allows traders to deposit money directly into their trading accounts through a bank transfer either via their website or mobile app.
In this guide, we’ll help you register and log in to your FasaPay account through your trading platform. We’ll also compare FasaPay to other electronic wallets like PayPal or Neteller. Plus, find the best brokers that accept FasaPay deposits by checking the list on brokerlistings.com.
How Did We Choose The Best FasaPay Brokers?
To identify the best brokers supporting FasaPay, we:
- Utilized our large database to find brokers accepting FasaPay
- Confirmed they allow deposit and withdrawal transactions with FasaPay
- Ranked them based on ratings and data analysis
What is FasaPay?
FasaPay is part of Fasa Centra Solutions Ltd, an electronic payment company from Kuala Lumpur, Malaysia, established in 2011. This globally trusted payment service is used by numerous merchants, including online brokers. It allows for instant online money transfers without manual processing. Once registered, you can top up your account via bank transfer. Accounts are in USD or IDR, and a network of partner platforms like EPay supports it.
Benefits of Trading with FasaPay
Popular Among Brokers
Many well-known forex and binary options brokers, especially those targeting the Asian market, offer FasaPay, including firms like Alpari and Eightcap. You can also automate transactions using their XML API, which is perfect for tech-savvy investors wanting to create a hands-free trading system.
Supported Countries
FasaPay covers a wide range of countries. Except for the USA and Canada, you can make deposit and withdrawal transactions in places like the Philippines, Indonesia, Pakistan, and many more where USD or IDR accounts are available.
Good Customer Support
FasaPay provides a live chat service for quick help if you encounter payment issues or need assistance with your funds. You can also contact them via phone or email, or check their FAQ section. Additionally, your broker’s support team can usually assist with FasaPay-related issues.
Buyer Protection
FasaPay offers support and guidance in case of disputes with merchants. However, disputes can take time to resolve, so ensure you’re depositing with a reliable broker.
Drawbacks of Trading with FasaPay
Account Profile Required
You need to have a funded account beforehand, so it’s less convenient than direct bank-to-bank payments.
Limited Currencies
Currently, FasaPay only deals with USD and IDR. This limitation makes it less accessible compared to options like Skrill. It also doesn’t accept Bitcoin.
Restricted Countries
Even though FasaPay works in many countries, it doesn’t serve traders from the United States or Canada.
No Card Options
FasaPay doesn’t issue its own credit or prepaid cards, making it less flexible compared to other electronic wallets.
Bank Transfer Only
You can only deposit and withdraw via bank transfer using FasaPay’s payment gateway options, lacking credit or debit card funding options.
Speed
Signing up for FasaPay is quick, but you must go through a verification process that takes 1-3 business days. Top-ups take up to 60 minutes to appear in your account. After verification, payments go through instantly, but broker’s processing times for withdrawals can vary greatly.
Transferring funds from FasaPay to your bank can take 2-10 days after the payment company processes your request.
Security
FasaPay uses advanced AES-256 encryption and RAID hardware technology to keep your transactions safe. Also, ensure your broker implements standard security protocols.
How to Deposit with FasaPay
To start, open a USD or IDR account on the FasaPay website and top it up using bank transfer options. When depositing or withdrawing at brokers like AvaTrade, choose FasaPay in the funding section. You’ll then be redirected to FasaPay’s website to log in and confirm your transaction.
Fees & Rates
FasaPay charges a 0.5% fee for transfers, with Active and Verified members enjoying no deposit or withdrawal costs. However, your broker might have its own fees; for instance, RoboForex might charge up to 4% on withdrawals, while brokers such as XM cover all costs.
Is FasaPay Good for Trading?
After verification, FasaPay offers a simple online payment option with no extra costs for deposits or withdrawals and high-security standards. However, limited currency options and no card storage may make it less appealing to traders preferring more flexibility with options like PayPal.
FAQ
How Do I Use FasaPay In My Trading Account?
To make a transaction, select FasaPay in your trading platform’s funding section, sign into your FasaPay account, and then confirm the payment.
Is FasaPay Legitimate and Safe to Use With My Broker?
FasaPay is a trusted payment service from Fasa Centra Solutions Ltd in Malaysia, protecting transactions with AES-256 encryption. But it’s smart to double-check your broker’s security measures too.
Does FasaPay Work In Nigeria?
Traders can use FasaPay anywhere except the USA and Canada, as long as they have a USD or IDR bank account and their broker supports it.