FX traders make or lose money based on lightning-fast changes in currency movements. The ability to quickly fund a trading account is crucial to trading success.
Accepting debit, credit card and eChecks helps guarantee sales conversions. And motivates traders to start playing the market quickly.
The Foreign Currency Exchange market, also known as FX or Forex, is open 24 hours a day, five and a half days a week. Foreign currencies are constantly and simultaneously bought and sold across local and global markets.
Currencies are traded worldwide across every time zone with major financial centers located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. The modern foreign exchange market started forming during the 1970s when countries gradually switched to floating exchange rates from the previous exchange rate regime.
The goal in Forex trading is to profit from foreign currency movements. The main allure of currency dealing to private investors and attractions for short-term Forex trading are:
Card processing Forex merchant accounts are readily available for informational services and software. These products are acceptable to US payment processors
Yet, changes in US regulations have made it challenging to obtain card processing merchant accounts for Forex trading platforms. Many Forex trading platforms are now moving to echeck processing for trader accounts. Debit card processing is also available.
For companies targeting customers outside of the US, credit card payment processing is certainly acceptable. International merchant accounts give you the ability to take card payments from customers world-wide. And offer localized payment options to help you increase your sales and profits.
Are you a Forex business seeking electronic payment processing services?
Contact email@example.com today.