FasaPay Binary Options Brokers
FasaPay is an online payment system that can be used by binary traders to deposit and withdraw money without using a card. It offers quick USD transactions online, so traders in supported countries can use their FasaPay account or mobile app to send deposits to their binary options brokers.
We list the top binary options brokers that accept FasaPay deposits. We confirmed each binary platform allows FasaPay by finding the payment option in their deposit portal or by confirming with the support team. We then sorted brokers by their overall ratings, derived from our hands-on tests.
Binary Brokers with FasaPay
| Broker |  | Min Deposit | Expiry Times | ||
|---|---|---|---|---|---|
 |
Pocket Option | $5 | 3 seconds - 1 month | ||
 |
Deriv | $5 | 15 seconds - 365 days | ||
 |
ExpertOption | $10 | 5 seconds - 24 hours |
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How FasaPay Works
FasaPay has been providing convenient online payment system since its establishment in 2011, and in many countries it is a popular alternative to services like PayPal, Skrill and Neteller.
Account holders use FasaPay as a typical online wallet, depositing funds in either of the two supported currencies – US dollars (USD) and Indonesian rupiahs (IDR) – and using these to pay merchants.
A FasaPay account can be funded without a credit card or debit card using a direct bank transfer, and Android mobile users can download an app to make this payment method even more convenient.
Bear in mind that some bank transfers to top up FasaPay accounts can only be made by verified users.
In addition, it is a popular method of funding binary options trading accounts.
While the brand is particularly popular in Southeast Asia, it also has users in Australia, France, Nigeria and other countries across the world.
Transaction Times
Transactions between a FasaPay account and a verified merchant or another user should go through “in seconds”, and you should expect deposits you make using this service to a binary options broker to go through almost instantaneously.
However, before you can send money using this payment method, you will need to make a deposit to your FasaPay account. Users top up their accounts through bank transfers, and each time you make a deposit you will need to fill out an order form.
The order forms are processed during FasaPay’s office hours. Withdrawals from FasaPay are processed during the same hours in the order they enter the queue of transactions.
It’s also worth noting that your binary options broker may have their own due diligence and identity checks that need to be completed before they can approve a withdrawal.
Pricing Review
FasaPay is an inexpensive service, and many users favor this payment method for its low fees and freedom from charges. The company does not charge any fee for deposits and withdrawals, though users may be subject to administration charges from their bank.
Making transfers between FasaPay accounts costs a transfer fee of 1% with some membership tiers, though this can vary.
Account holders may still need to pay a deposit or withdrawal fee charged by their binary options broker, and if they need to make a currency exchange via FasaPay’s Master Changer service they will be subject to additional charges and an exchange rate spread.
Nevertheless, with its low transfer fee, FasaPay is one of the less expensive options for online binary deposits.
Security
Many binary options traders need to make frequent transfers of large amounts of cash, so security is a paramount concern. Fortunately, FasaPay is an established name.
Users are provided with a six-digit master code when they register a new account, and this code will be required if any changes are made to the customer’s account details. A PIN code is also provided, and users can set security on their account to require the PIN on login, each time they top up, and for each withdrawal.
Additionally, the company provides API security services, which can be set to recognize the user’s IP address. Finally, FasaPay requires users to go through a verification process to use the service’s full set of features.
If users have any questions or concerns regarding security, they can contact FasaPay using the website’s live chat feature, send them an email.
Regulation
Although FasaPay is registered in different countries, it is not necessarily regulated as a payment service provider, nor does it mean any binary broker you deposit to is authorized in those countries.
- Australia (company register) – FASA CENTRA SOLUTIONS PTY. LTD. appears on the Australian Government ABN Lookup register (ABN 47 617 696 796). This is a corporate registration record and does not confirm an e-money or payments licence.
- Indonesia (separate local brand/entity – operator claim) – SABI (PT Fasa Centra Artajaya) states it is “legal, licensed, and supervised by Bank Indonesia”.
Pros Of Using FasaPay For Binary Options Trading
- Widely accepted – FasaPay is accepted by multiple binary brokers.
- Low fees – The brand is an inexpensive payment method, since it does not charge users a deposit or withdrawal fee, and it only charges 1% transaction fee to make a transfer with some membership tiers.
- Widely available – Binary options traders in various countries can sign up to FasaPay.
- Reliable and secure – Having been around for many years, the company is a proven and reliable payment method with standard security measures.
Cons Of Using FasaPay For Binary Options Trading
- Limited currencies – FasaPay only operates with USD and IDR, and it may prove costly and complicated to use this payment method at a binary options broker that requires deposits in a different base currency.
- Long processing time – It can take several working days to receive your withdrawal, and any transfer will only begin during office hours. As outlined above, binary options brokers may also have their own processing timelines which can cause further delays.
How To Make FasaPay Deposits & Withdrawals To Binary Accounts
Making FasaPay deposits and withdrawals with a binary options broker is usually a simple process that follows the same steps as most other transactions.
It will usually require the user to log into their trading account, then click the “cashier” or “deposit/withdrawal” button. Once you enter the amount you wish to deposit or withdraw and select FasaPay as your payment option, you will usually be redirected to a payment page prompted to enter your FasaPay account number and password.
If you have any issues entering this information, your broker should be able to provide customer support to guide you through it.
Bottom Line
FasaPay is an established and reliable payment method serving many users in Indonesia and other countries around the world. It is accepted by multiple binary options brokers, and it offers low-cost transactions to investors.
See our list of the top binary options brokers that accept FasaPay deposits to get started.
FAQ
Is FasaPay Safe For Binary Trading?
FasaPay has become an established name over the decade since it was founded, and it is accepted by many binary options brokers and other merchants. Accounts are protected by passwords, PIN numbers and other standard security features.
They also have more specialized features including a master code, which is required to change account settings, and an API service which can be used to create a whitelist of approved IP addresses or to blacklist specific IP addresses.
Altogether, FasaPay is at least as secure as many other similar services.
How Do I Use FasaPay To Trade Binaries?
The first step is to register for an account and provide the firm with the necessary verification details. Then, users fund their account by filling out an order form and making a bank transfer.
Deposits can be made without using a card. Once you have cash in your account, simply log in to a binary options broker which supports this payment method, then follow their guidelines to make a deposit. You can withdraw your earnings to your FasaPay account.