Forex Merchant Accounts

As a forex merchant, you care about one thing - staying on top of currency market conditions so you can keep your business profitable. If your credit card processor can't keep up, you could be looking at delayed payouts and big losses. You need a fast, reliable multi-currency payment processor that understands the real needs of a forex merchant and provides a reliable forex merchant account. Instabill is your solution, with real-time processing with reliable payouts and no processing volume caps.

Currencies we process:

USD	EUR	GBP	CAD	AUD	CHF
HKD	ILS	LVL	NOK	PAB	SEK
SGD	THB	TRY	AED	DKK	ZAR

What is forex?

Forex is the buying and selling of currencies. These transactions always include two currencies, which are known as a currency pair. Each currency in the pair has its own exchange rate. For example, if €1 EUR is equivalent to $1.4205 USD, then the EUR/USD currency pair exchange rate would be 1.4205.

Forex trading is similar to stock trading - buy low and sell high. If you begin with $1,000 USD, then the following would be true with the given exchange rates.

* The above exchange rates are fictional

Forex & High Risk: Why forex merchants are considered high risk merchants

If customers are not present to sign their receipt for a credit card purchase, your business has the potential to be labeled as high risk by banks that provide merchant accounts. Forex merchants are also considered high risk merchants because they need real-time processing for forex credit card transactions.

Why Instabill provides forex merchant accounts

It is virtually impossible to run a profitable forex brokerage firm without a merchant account that provides real-time credit card processing solutions for its clients. Most merchant account providers shun these merchants. Instabill realizes this market will continue to develop and thrive worldwide. We work with offshore banks that approve and issue forex merchant accounts, and will continue to do so for years to come.

What are the general rates forex merchants pay for their credit card processing accounts?

We assess forex merchant account rates on a case-by-case basis. Our rates are also constantly changing based on the acquiring bank. For more information, call us at +1 800-318-2713

Forex licenses

Many countries have specific policies for forex traders. For example, in the United States, forex merchants must have a license to handle other people's money and also need to register with the National Futures Association (NFA)(external link), the Commodity Futures Trading Commission (CFTC)(external link), or the Securities and Exchange Commission (SEC)(external link)). If you are unsure what you need to do, contact your local officials. They'll be more than happy to help!

Most traded currencies

You can trade well over 100 different currencies worldwide(external link). The chart below indicates which are most often traded.

http://www.bis.org/publ/rpfxf10t.htm(external link)

Your search for finding the best forex merchant account solution is over. Our friendly, knowledgeable merchant account managers are waiting to assist you. Call us at +1 800-318-2713 or apply now to start processing today.