ThinkForex (which recently rebranded to ThinkMarkets) added its deposit and withdrawal methods via Fasapay. This facility is a breath of fresh air for Indonesian traders, especially those who like e-payments. Why?
Because Fasapay is an online payment system from Indonesia that is known to be practical, cheap, and fast because fund transfers can be made using Rupiah (IDR), The transaction fee is very minimal—only 0.5 percent. Since its release in 2011, FasaPay has succeeded in stealing the attention of Indonesian traders, so that it has been picked up as an online payment system by foreign brokers.
FasaPay Facility Tarnishes Trust in ThinkForex?
The provision of a payment method via Fasapay is provided by ThinkForex along with the change in its trademark to ThinkMarkets in July 2016.
From here, there are concerns that arise in the minds of some Indonesian traders regarding ThinkForex's collaboration with FasaPay. This is because some traders think that the easy e-payment facility is worrying and has the potential to backfire, including FasaPay.
ThinkForex is known as a trusted Australian broker because it is licensed by the ASIC regulator. ThinkForex is often chosen by Indonesian traders who want to transact in large quantities and want official regulations from brokers who are not far from Indonesia.
ThinkForex And FasaPay Are Both Licensed
Even though the licenses and data of ThinkForex clients who were rebranded as ThinkMarkets were not disturbed, traders who were anti-e-payments doubted the broker because of its Fasapay facility. To address this, there is some information that traders need to know. First, the manager of Fasapay Indonesia (PT Fasa Sentra Artajaya) has been registered with the Ministry of Justice and has an NPWP and official business license. This means FasaPay is not trying to circumvent the law.
Second, related to ThinkForex itself, even though it is building branding as ThinkMarkets, its license from ASIC Australia is still valid, both as ThinkForex and as ThinkMarkets. As a brokerage company, ThinkForex will always make it easy for traders to trade.
Therefore, the choice is up to the trader: do they prefer the practical one with an easy e-payment service, or are they more comfortable with another method that is considered safer even though it is a little inconvenient?
Complete information about this Australian broker can be seen on the ThinkMarkets broker website.