Forex broker FBS said on Monday it has added the Alipay electronic payment system to its deposit payment methods. The system uses the USD equivalent for deposits.
The broker will fully reimburse commissions fees, it said in a notice on its website.
Other payment systems that FBS carries for deposit payments are Visa and Mastercard bank cards, Safecharge, Neteller, CashU, Skrill, Webmoney, Perfectmoney, OKPay, Wire transfer, Yuu Collect, and Zaw Forex Service.
Alipay is a third-party online payment system based in China’s Hangzhou. The service was launched by the Alibaba Group. It has over 200 financial partners worldide in 30 countries, including in the US, Brazil, Russia, Ukraine, Belarus, Germany, the Netherlands, Spain, Israel, Turkey, and Italy. Alipay offers full or partial refund to user who do not get their purchases. It had more than 400 million active unique users as at the end of June this year.
FBS is the trading brand of FMS Markets. It is regulated by the International Financial Services Commission (IFSC) of Belize. It is also a member of the Russian self-regulatory organization Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN).
FBS is present in more than 120 countries. It offers trading of forex instruments. Its clients can choose between Standard, Cent, Micro, Zero spread and Unlimited trading accounts. They can also benefit from minimum deposit requirements as low as $1, spreads from 0 pips and leverage rates of up to 2,000:1. FBS offers it services via the MetaTrader 4 (MT4) trading platform – as desktop and web versions, or as mobile applications for iOS and Android users.