FasaPay is a popular e-wallet service and funding method for forex trading accounts in particular among regulated forex brokers and traders in Malaysia, Indonesia, and the rest of Southeast Asia. One reason for this is obviously because the company behind FasaPay is registered in the Southeast Asian country of Malaysia, more specifically in the Malaysian Federal Territory of Labuan.
FasaPay works seamlessly with other payment methods like VISA and MasterCard, as well as with direct payments from bank accounts to FasaPay. Money is then converted to the correct currency before it is transferred to the user’s forex trading account. The fees associated with FasaPay are usually well below the fees that banks charge for international wire transfers. However, keep in mind that some regulated forex brokers may add a small service charge for accepting the deposit on top of FasaPay’s own fees.