FasaPay is an e-wallet service based out of Singapore and Malaysia, with a particularly strong presence in the market for online payment & money transfer services in South East Asia. However, the service is also widely known outside of Asia, and social trading forex brokers from all parts of the world today accept FasaPay as a method for funding social forex trading accounts.
The total cost of funding a social trading account with FasaPay depends on the broker’s own policy for accepting this type of payment method. While some brokers process these deposits free of charge, others charge a small fee for it. In any case, using a service like FasaPay usually means that the social trading account will be funded faster and at a lower cost than what would be the case with an international bank wire transfer.