Forex Merchant Account & Credit Card Payment Processing – PayFasto

PayFasto provides merchant account to merchants offering forex services online with the best terms in the market. And we ensure to connect your account with an acquirer who is specialized in this vertical. Our solutions can be tailored to your needs and available for e-commerce, offline businesses and much more, so do not hesitate to get your free quote today.

Global service

Payment solution for US and Europe merchants

At PayFasto, we understand the unique challenges faced by merchants in both the US and Europe. That’s why we offer a high risk payment gateway solution that caters to the needs of businesses in both regions. Our platform allows merchants to accept payments from customers acrss the globe, while also providing secure and reliable transaction processing.

Our clients

Request your free quote now with PayFasto.

Request your free quote now with PayFasto Payments. Within 24 hours, we will get back to you with an offer designed expressly for your high-risk industry needs.


Fees that PayFasto will charge depend on factors like processing history, method of sales, destination countries, volume of sales, and products. All Forex Merchant Accounts are unique but included terms stay the same for most: merchant discount rate (MDR), transaction fees, monthly gateway fee, 0-6 month rolling reserve, chargeback fee, refund fee


from 1.95%

Setup Fee


Monthly Fee



from €0.15










from 0%


from 0 days


from daily +3

All pricing are subject to negotiations if you have higher volumes or history

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Get your no obligation quote from PayFasto.

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Want to shake off
a few more doubts?

What is a forex merchant account?

Forex trading accounts are unconventional accounts suitable for all those activities related to the international currency market. From currency exchange to Forex trading. The limited security, the unpredictability of the markets, and the rise of scams make it an unrecognized industry by conventional banking institutions.

Why is the forex industry considered high-risk?

Forex industries are considered high-risk industries for one main reason. Volatility, volatility, and again volatility. Leaving aside the general risks assumed by any broker or trader related to experience in the forex world, the market volatility does not allow for any certainty of profit, making it one of the least reliable industries.

How to get a merchant account for Forex

To get your forex merchant account for your borderline industry, you need specific documents related to your business, and requirements to meet.

Company Bank Statements
Certificate of Incorporation
Memorandum and articles of association issued by th company registrar
Copies of passports of all owners
Proof of Address such as utility bills
Proof of Domain
Local Representation
PCI Compliance
Rental Agreement
Processing Statements
Copy of Operation License
Moderation Policies

The merchant account provider can ask you to ensure additional documents to complete your application such as a business plan, marketing or promotional materials, shipping and return policies for your products and services, or inventory reports.
To guarantee that your application for an forex merchant account runs smoothly, you need to ensure that the law of your land legally recognizes the kind of business you operate.
With a clean credit history, adequate funds in your bank account, and all debts cleared, you will be confident of getting your merchant account application approved.

When it comes to applying for a forex trading merchant account, it doesn’t require a different process from other forms of merchant account. However, this doesn’t mean you should pack incomplete documents and submit an application for your merchant account. You must follow the process and ensure your application is in order. As a payment merchant account service provider, we’ve gotten approval for countless merchant account applications, regardless of the industry.

Whether for adult industry payments, high-risk payments, and more, we are well-versed in ensuring your application is in order, and we’d be sure to get your application approved. Here are some tips to ensure that your application is truly in order to get approval for a forex merchant account.

Why choose PayFasto as your forex payment processor?

Choosing PayFasto as your forex payment processor is the most innovative solution you can get. With PayFasto, you can access your payment gateway for your gambling industries, whatever they are. No matter if it is a Investment Platform or a Trading Software. With PayFasto, your payment gateway is designed for your business needs.
A worldwide merchant account service! There are no geographical limits with PayFasto. Get your payment solution wherever you are. From America to Europe.

Safety first with PayFasto. Choosing PayFasto means carrying out all your transactions while protecting your monetization, data, and above all your dear customers.

PayFasto means innovation. An innovative service that leverages the latest integrations that result in a user-friendly, quick, and cutting-edge payment service. Like never before.

What Do You Need to Get Started with Your Forex Merchant Account Application?

Depending on the location of your forex business, the eligibility criteria for opening a forex trading merchant account vary considerably. For instance, if you’re applying for a European payment processing merchant account, you must ensure that your forex business is genuinely located in the EU. You can either establish a corporate headquarters or a lawful presence within Europe.

Once you’ve successfully met the basic requirements and other regulatory hurdles, providing sound, accurate, and authentic financial records is next. Your financial records should cover up to 6 months of active transactions processing history. And, of course, it should reflect that your business has a low rate of chargebacks and money laundering.

If you cannot provide an accurate payment processing history or records of financial transactions, you can alternatively present to the bank the required steps to ensure the security of payments and how you achieve limited chargebacks. This might include incorporating technologies such as a non-intrusive 2-factor authentication (2FA) system, which will allow customers to make super quick payments.

Detailed requirements

  • Incorporation Certificate.
  • Memorandum & Articles of Incorporation.
  • Color Passport for UBO / Shareholders / Directors.
  • Office Lease Agreement signed by both parties. Or Rental Invoice under company’s name – not older than 90 days from the date of application.
  • Business Bank Statement under company’s name and present address, showing IBAN and SWIFT – not older than 90 days from the date of application and for the last three concecutive months.
  • If Processing History is available for latest 3-6 months from the date of application – under company’s name, showing processor’s name/logo, sales, refunds, and chargebacks for each month separately.
  • If Processing History is unavailable then detailed business plan and cashflow forecast for minimum of one fiscal year. Get it here
  • Utility Bill [electricity / gas / water / rental / tax bill] from UBO / Shareholders / Directors under their name and present address – not older than 90 days from the date of application.
  • Proof of domain under company’s name, showing applying URL and date of domain renewal / expiry – preferably domain purchase receipt.
  • Local signatory is a requirement for this vertical, therefore KYC from local signatory is needed.
  • Forex license.
  • AML and KYC policies.
  • Test user logins.

Fees that PayFasto will charge depends factors like: Processing History, Method of Sales, Countries, Volume of Sales, and Products. All merchant accounts are unique but included terms stays the same for most:

  • Merchant discount rate
  • Transaction fees
  • Monthly statement fee
  • Monthly gateway fee
  • Four and a Half – Six-month rolling reserve (Depending on bank)
  • Charge back fee
  • Refund fee

Whenever a forex trading business applies for a merchant account, the application is thoroughly reviewed, and the risks are weighed before approval. In most cases, banks and payment processor considers the risk of opening a payment merchant account with the same volume of income that the forex trading business can generate. Do you know some of the factors these banks and payment processors look at before approving or rejecting your application? Check out some of them here:

License Status

Whether it is from the Financial Conduct Authority or other prominent regulatory bodies, the applicant must possess a valid license, especially if you operate from outside the United Kingdom. For instance, forex brokers or dealers in the United Kingdom are not permitted to submit applications for a merchant account unless they possess the relevant license. Therefore, it is essential to study the requirements of your country’s regulatory body with respect to forex trading before submitting an application.

Statement of Account

If you run a well-established and highly respected business in the forex world, you would stand a chance of getting approved for a forex merchant account. This is because it is easier to prove the authenticity of your forex trading business with your financial credentials containing records of your historical financial transactions or activities. If you’re able to apply with accurate financial records, your chances of getting approved for a merchant account will be significantly improved.

Trading Volume

Most merchant account service providers are more driven by financial concerns with respect to applications for payment merchant accounts. Therefore, with a high volume of monthly card transactions, your risk levels can be balanced, thus improving your chances of getting approval.

Now, let’s get into the types of forex merchant accounts.

In forex trading, businesses frequently receive payments in various ways with respect to currencies and formats. Of course, the market is constantly changing the time is always of greater essence. In fact, credit and debit card payments remain the fastest and most convenient way of funding forex trading accounts, thus making only payment systems more popular. Here are some of the most used types of forex merchant accounts:

Credit Card Processing Accounts

Due to the fast, secure, and convenient way of moving funds for forex trading, credit and debit cards remain the most sought-after payment processing solutions by many forex dealers and brokers. These credit and debit cards are produced and regulated under their companies, such as Mastercard and Visa, thus making it challenging to maintain a forex trading credit card processing merchant account.

Cheque Processing Accounts

Next to credit and debit cards, cheque processing accounts are the most popular alternatives for forex trading transactions and activities. However, the only demerit of this type of forex merchant account is the settlement time, which is measured in days instead of hours. Apart from that, cheque-processing accounts have comparably fewer restrictions, making them even easier and hassle-free to maintain.

Cryptocurrency Processing Accounts

There’s no denying the fact that cryptocurrency and the blockchain network are here to stay, increasing in popularity every second. Unfortunately, only a few foreign exchange traders have adopted digital currencies as their preferred payment method.

When it comes to transaction processing time, the use of cryptocurrency is the most complex compared to card payment. In addition, the instability with respect to the value of the digital currency is also one of the reasons behind the fewer adoption of cryptocurrencies for payments.

Bank Transfer

Wire transfers are one of the most popular ways of making payments in the past, but they now seem to be inconvenient for many forex brokers. This is due to the rigorous process customers face when making deposits. Although, the risk can be fairly compared to credit card processing, wire transfers take hours or even days to complete.

The kind of documents you’re expected to compile for a forex merchant account application differs from one merchant account service provider to another. However, there are general requirements. Check out the specific list of documents to support your application for a forex trading merchant account.

  •         Ownership details for the account with which processed payments should be remitted
  •         3-6 months’ statement of financial records
  •         3-6 months of payment processing history statement
  •         Corporate documents such as an Article of Incorporation to establish that you’re the valid owner of your forex business
  •         Photo-ID to satisfy Anti-Money Laundering (AML) and the Know Your Customer (KYC) checks. (This can be required in several forms)
  •         Utility bills to establish proof of address
  •         Domain registration information. This applies to online forex payment processing businesses)

In addition to all these requirements, international forex merchant account applications may require additional documents, such as proof of minimum monthly processing values. Keep in mind that you can boost your chances of getting approved if you’re able to provide comprehensive, valid, and up-to-date records.

Yes. Licenses are one of the most important requirements when applying for a forex merchant account. In fact, many merchant account service providers only entertain applications from forex trading businesses with licenses for their current jurisdiction or territory. Therefore, ensure that you obtain a valid license for your forex business. Apart from that, your business should also maintain 100% compliance with existing local laws or regulations before applying for a forex merchant account.

When you partner with a payment processor that understands the nuances of the forex trading industry and specializes in high-risk merchant accounts, you’ll undoubtedly boost your chances of getting your application approved even faster. 

At PayFasto, we have continued to help forex businesses apply for their merchant account with specialized merchant acquirers and payment gateway providers. Our experience in the merchant account and the forex industry has positioned us as the number one trusted partner for your forex merchant accounts. Contact us now, and let’s get started!

If you’re a forex broker or dealer and you desire to tap into the opportunities of the internet for your business, an online payment gateway is undoubtedly a must-have.

Apart from offering forex credit card processing, an online payment gateway offers an easier and more efficient way of making payments. However, remember that not all payment gateways share the same features and functionalities, but it is important to spot that payment gateway that suits your forex business.

Here are some of the checklists to help you spot a great forex merchant service provider that suits your forex business:

Robust Security Measures

Every customer desires the safety and security of their financial transactions and details above everything else, especially when dealing with transactions over the internet. The best forex merchant account offers an excellent combination of advanced security measures to keep both the personal details and the money of customers safe and secure.

Fraud Prevention Measures

Over the years, forex trading has struggled over the issues of fraud, money laundering, and other financial-related crimes. Hence, you can bypass all these fraud-related issues only when you partner with a payment gateway provider with the necessary technology to prevent fraud and reduce the associated risks.

International Payment Processing Capabilities

As the name suggests, foreign exchange trading will continue to involve the international currency market with a wide variety of multiple currencies. Therefore, it is crucial to partner with a payment service provider that can accept payments in multiple international denominations.

Read more about online payment systems by checking our dedicated payment gateway page

PayFasto is a licensed payment processing service provider that has continued to deliver tailored and bespoke high-risk merchant accounts to all businesses, regardless of the types, sizes, or locations. From online gambling to adult businesses, casinos, the forex industry, and many more, we have demonstrated a strong knowledge of the operational activities of these industries, as well as a robust relationship with merchants, payment gateway providers, and acquiring banks.

When it comes to forex merchant accounts for forex trading businesses, turn to us to provide a high-risk merchant account that suits your business needs in Europe or anywhere in the world. By implementing our industry-leading credit card processing, KYC, AML, and anti-chargeback solutions, rest assured that we will be the best solution for your forex merchant account needs for your forex business.

Having trouble getting approved somewhere else? PayFastoPayment specializes in High risk. Apply Today!