FasaPay

Do you want to find a binary options brokers that allow you to deposit and withdraw money using FasaPay? If you do then you can find a list of the best FasaPay binary options brokers below. Use our reviews to find the FasaPay broker that fits your needs the best or go directly to the broker to open an acccount.

Best FasaPay Binary Options brokers

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About FasaPay

Established in 2011 and headquartered in Malaysia, FasaPay has carved its niche as a go-to online payment platform, rivaling giants like PayPal, Skrill, and Neteller in certain markets.

Functioning much like a digital wallet, FasaPay users deposit funds in one of two supported currencies: US dollars (USD) or Indonesian rupiahs (IDR). These funds can then be used to transact with merchants affiliated with FasaPay.

While credit or debit cards aren’t mandatory to fund a FasaPay account, users can conveniently opt for direct bank transfers. Furthermore, Android users can leverage the dedicated app, streamlining the entire process.

It’s essential to note that only verified users can initiate some bank transfers to FasaPay. The platform has set limits on transactions, with a minimum threshold of $1,000 for deposits or withdrawals. Active users have a deposit cap of $5,000, which elevates to $75,000 for verified individuals. On the withdrawal front, the limits for active and verified users are $5,000 and $25,000 respectively.

Another appealing feature for Perfect Money users is the facility to acquire Bitcoin (BTC) swiftly via an associated exchanger. Furthermore, FasaPay’s prominence in the binary options trading sphere is undeniable, with numerous brokers endorsing it as a preferred deposit method.

While FasaPay enjoys significant patronage in countries like Indonesia and other Southeast Asian nations, its global footprint spans places like Australia, France, and Nigeria. However, individuals from the United States and Canada are barred from registering, making them the only two nations officially off-limits for FasaPay.

Benefits and drawbacks of FasaPay

What are the pro and cons of using FasaPay to deposit money to your binary options broker

Depositing money to a binary options account using FasaPay, like any other payment method, comes with its own set of advantages and disadvantages:

Benefits:

  1. Speed: FasaPay transfers are usually processed quickly, allowing traders to fund their accounts and begin trading in a short amount of time.
  2. Convenience: With an easy-to-use interface and a mobile application, FasaPay ensures a smooth experience for users.
  3. Lower Fees: Compared to some other payment methods, FasaPay often has competitive transaction fees, which can save traders money in the long run.
  4. Security: FasaPay employs robust security measures to protect user data and funds.
  5. Accessibility: Especially popular in Southeast Asia, FasaPay might be more accessible and familiar to traders in the region.
  6. Currency Options: FasaPay allows transactions in USD and IDR, providing flexibility to its users.

Drawbacks:

  1. Geographical Restrictions: FasaPay doesn’t accept registrations from the United States and Canada.
  2. Limited Currency Support: While FasaPay supports USD and IDR, some users might find the lack of support for other major currencies a limitation.
  3. Deposit and Withdrawal Limits: There are certain limits imposed on transactions, especially for non-verified users. This might restrict large volume traders.
  4. Reliance on Bank Transfers: While FasaPay does not mandate the use of credit or debit cards, the primary way to fund an account is via a bank transfer, which may not be the most convenient method for all users.
  5. Verification Process: To enjoy higher transaction limits and some exclusive features, users need to undergo a verification process, which can be time-consuming for some.
  6. Merchant Limitation: FasaPay is accepted by a good number of binary options brokers, but not all. This can limit the choice for traders who prefer using FasaPay.

Choosing FasaPay, like any payment method, should be based on individual needs, the trading volume, and the geographical location of the trader. It’s essential to weigh the benefits against the drawbacks to make an informed decision.