Forex broker Weltrade said on Monday it has started accepting deposits and making withdrawal payments in IDR via FasaPay e-payment system. Exchange to or from the trading account currency will be made automatically during deposit or withdrawal operation.
Prior to the change, traders could fund or make withdrawals using FasaPay in USD only.
FasaPay, an online payment system, is the brand of Fasa Centra Solutions, which provides electronic money transfer and management services. The company offers its services in 168 countries worldwide. It cooperates with a number of forex brokers, including IC Markets, Seven Star FX, MFX Broker, and WhoTrades.
The broker accepts deposits and makes payments via a number of other payment methods. Traders can fund their Weltrade accounts or using bank transfers, Visa, MasterCard, and Maestro bank cards, and e-wallets, including WebMoney, CashU, OK Pay, EasyPay, Neteller, Skrill, QIWI Wallet, Moneta.RU, LIQPAY, and others. Withdrawals are available via most of the said payment methods.
Weltrade, set up in 2006 in Russia as SystemForex, was rebranded in 2012. The broker is owned by Russia’s Systemgates Capital. It is currently based in Belize and has representative offices in Russia, Ukraine, Belarus, and Thailand, as well as 126 regional partners across Europe, Asia, Latin America, and Africa. It is active in 18 countries, including Russia, Commonwealth of Independent States (CIS) and Asian countries.
The broker offers Micro, Premium, Pro, Zulutrade and PAMM accounts for trading with forex, precious metals and contracts for difference (CFDs). It uses the MetaTrader 4 (MT4) trading platforms, which is the industry leader in forex trading.
In December Weltrade was granted a forex broker license by Belize’s International Financial Services Commission (IFSC). The license is effective for the period 1 September, 2015 – 31 December, 2016. Later the same month, the broker become a candidate member of the Association for the Development of Financial Market (ADFM), a Belarusian association that consists of international over-the-counter (OTC) forex broker and other investment companies. The broker aims to expand is presence in Eastern Europe and the Commonwealth of Independent States (CIS).