Best FasaPay Brokers 2026

2026 Alert: We have spoken with the payments departments at brokers who are reporting serious issues with FasaPay. These include failing to process settlements and ignoring support requests. While we investigate, we strongly advise you against using FasaPay and to use a different payment method to ensure you can access your trading funds.

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.