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forex

Forex

What do we offer in Forex Merchant Account?

Forex is a short-expression for Foreign Exchange. As a global over-the-counter market through which foreign currencies are bought, sold, traded, and speculated, Forex is traded 24 hours a day, 5 days a week across by banks, institutions, and individual traders worldwide. Unlike other financial markets, there is no centralized marketplace for forex. The foreign exchange market is the largest and most liquid financial market in the world, with over $5 trillion traded daily.

Forex merchant accounts are tailored for Forex traders, Forex trading platforms as well as for informational Forex services. Forex credit card processing accounts solutions give you the ability to accept debit and credit cards from traders.

Brokerages deal with real-time forex payment processing solutions for the debit and credit card networks, including Visa, MasterCard, American Express, JCB, and China UnionPay. Many payment processors only offer Visa and MasterCard; however, China UnionPay is a growing card brand.

The forex market is unique for several reasons, mainly because of its size. The trading volume is generally very large. Too much volume is the most encountered problem by forex businesses. However, with flexible volume caps, Forex merchants will be able to process transactions without the issue of exceeding their processing monthly limits. It is common practice for payment processors to limit the monthly volume of a forex business in order to hedge their risk. This is a safe move for banks, but it is crippling to the brokerage.

Also, Forex trading involves the multiple currencies used throughout the world. Considered as an international business, forex companies must be able to accept multiple currencies.

— Lot Payments offers a processing platform that allows for easy payment in many currencies.

Forex payment processing with us 

  • Lot Payments is widely regarded as one of the leading payment gateways for foreign exchange trading. Thanks to our extensive global network of banking relationships, we have helped hundreds of Forex brokers with varying degrees of payment processing requirements. Our merchants see a 30-40% increase in revenue thanks to the increase in approved transactions.
  • Also, for banks, acquiring Forex merchant accounts is a high risk. Forex is a global trading platform and no country has jurisdiction over another country’s currency. However, while most reliable Forex trading platforms are regulated, some are not. The lack of regulation is the principal concern to banks. We, at Lot Payments, know the ins and outs of the Forex industry to be able to find the right solution for every Forex business, understanding the nature of trading companies being considered high risk.
  • We provide powerful built-in fraud prevention filters and monitoring tools based on client behaviour, ensuring any suspicious activity is blocked immediately. In this way, your high-risk Forex trading account will give you the peace of mind you need to carry on with other important aspects of your business.

Our Futures

  • Comprehensive Solution for Forex Trading businesses
  • Rates starting at just 1%
  • Secure data transfers with PCI Level 1 compliance
  • Track your transactions with a robust reporting system
  • 98% application approval rate
  • Integrate our solution in as little as 12 hours to a week
  • Three integration options – HPP, API, and MO/TO

Our Benefits

  • The lowest rates
  • The fastest approvals and best terms
  • High-volume processing capacity
  • Set up with your specific needs in mind
  • Financial confidence
  • Keep your account safe a
  • Extensive capital and risk-management procedures

APPLY NOW to let us provide you the financial assistance your company and brand needs