It cannot be denied that the forex industry is one of the fastest-growing online businesses in the world. However, worldwide trading activities are sometimes hampered by payment systems that are not easily accessible. Of the many payment methods at forex brokers, e-payment is one of the most popular systems due to cheaper costs and faster processing time.

The increasing interest of traders from around the world led to a spike in demand for local e-payment systems. FasaPay, an e-payment from Indonesia has provided many benefits to traders from Indonesia and other SEA countries.

FasaPay is quite trusted and facilitates many online transactions quickly at affordable costs. These qualities encourage the possibility of using FasaPay as one of the most used e-payments for brokers' deposits and withdrawals. Forex brokers that provide deposit and withdrawal with FasaPay are:

FBS

FBS Broker collaborates with FasaPay to allow fast and cheap transactions for its clients. FBS does not impose any requirements such as high transfer fees or long waiting times. The deposit process with FasaPay takes place instantly and can be done for only IDR 60,000. For the withdrawal process, the time required is around 15-20 minutes. However, there is a transaction fee of 0.5% when making a withdrawal.

Exness

Exness is a broker that has special trading features with low spreads and high leverage. The trading conditions are also balanced with instant withdrawals for all e-payments provided.

For deposit and withdrawal methods via FasaPay, Exness does not charge any commission. However, there is a minimum limit for deposits of $15 and a maximum limit of $3000 for withdrawals. FasaPay deposits are processed instantly (2 days at most), while withdrawals can be completed within 1 hour - 1 day.

OctaFX

OctaFX is a broker that tries its best to accommodate the needs of Asian traders. Apart from providing payment methods through local banks, this broker offers a deposit withdrawal option with FasaPay as an alternative e-currency.

For the deposit process, OctaFX applies a minimum transfer of IDR 400,000 with 0% commission. Meanwhile, the withdrawal process can be done with a minimum amount of IDR 40,000 and 0% commission. Both transactions take place instantly so traders don't have to wait long to complete the deposit or withdrawal process via FasaPay.

XM

XM also provides payments with FasaPay. The no-requote broker does not charge transaction fees for deposits processed via this e-payment. However, XM sets a minimum limit of $5 for each deposit transaction. Except for wire transfers and credit card payments, all XM deposits and withdrawals are processed instantly (including FasaPay).

FXOpen

Since it was founded in 2005, FXOpen has been developing attractive features such as tight spread and various account types (ECN, STP, Crypto, and Micro). As such, this broker is not behind in providing good payment methods for deposits and withdrawals.

FXOpen includes FasaPay as one of its long-standing partners in processing clients' transactions. Deposits and withdrawals with this e-payment can both be made starting from $1 or IDR 10,000. There is no commission during the deposit process, but there is a fee of 0.5% on withdrawals.

FirewoodFX

FirewoodFX is a broker that continues to significantly improve since it was first launched in 2014. One of the conveniences from this broker is the deposit and withdrawal process, where traders can get attractive deposit bonuses and withdrawals safely and easily.

Deposits or withdrawals via FasaPay at this broker are not charged with any fees. The minimum deposit amount is set at $1, while withdrawals can be processed from $5. Deposits are processed instantly, while FirewoodFX withdrawals via FasaPay take place within a maximum of 24 hours. Traders can use USD and IDR for both transactions.

Conclusion

There are many advantages from useing e-payments like FasaPay. Apart from the easy process, speed and low commission are also the main reasons behind their popularity. The majority of brokers even provide free deposit and withdrawal commissions via FasaPay.

Therefore, it is not surprising that many traders choose e-payment as their main choice to streamline the deposit and withdrawal process. In this case, FasaPay helps particulary Asian traders to provide easier, faster, and safer payment. Moreover, several brokers such as OctaFX, FirewoodFX, and FXOpen accept IDR account currency.