Malaysia is one of the best business destinations to launch a forex broker or forex trading firm, as forex trading is legal and regulated by the Securities Commission Malaysia (SCM) in Malaysia. Today, there are 32.98 million prospective forex traders who are enjoying forex trading. Due to Malaysia's high internet penetration rate and high per capita income, the country is seeing an increase in FX trading. By offering them all available payment options in this booming sector, we at PayCly, the top company for processing forex payments, encourage and assist business owners in launching their forex trading platforms.
For many reasons, banks and other financial institutions (FIs) consider online forex trading a high-risk business. Resulting, they don't offer forex merchant accounts or payment gateways to forex brokers. Yet, you need not be upset, as many payment service providers are there to give you payment services, of which PayCly is the most trustworthy. PayCly offers the best offshore merchant accounts, merchant accounts, and payment gateways for forex brokers.
A forex merchant account is nothing more than a business account that enables forex brokers to accept, retain, and withdraw money from traders. On the other hand, a forex payment gateway is a piece of technology that connects the issuer, acquirer, and forex broker and transfers the payment information between them. By delivering payment information, it facilitates online payment transactions.
Your traders can add funds to their trading accounts via more than 100 different payment methods, including local payment alternatives, credit cards, wire transfers, and cryptocurrencies, with the help of a forex payment processing company. Additionally, you can accept payments in over 150 foreign currencies, including EUR, USD, SDG, CNY, JPY, etc. As previously stated, banks and other financial institutions regard the forex market as high-risk. Several factors make them high-risk, including the following:
A forex merchant account is one of the necessary prerequisites for an online forex broker to accept online payments. Choosing a payment partner for your forex business can be difficult; before deciding, you should know the qualities a PSP must offer. Please take into account the following conditions that an acquirer must include in its currency merchant account:
PayCly is among the top FX payment processing firms in Malaysia because of our focus on the requirements of our clients. Depending on their needs, we offer specialized payment solutions to forex brokers. We offer the lowest MDR in Malaysia. Furthermore, we provide top-tier security features like encryption, tokenization, SSL, SET, and 3D secure authentication to protect you from any potential fraud. We adhere to the highest degree of PCI-DSS compliance to create the safest payment environment for you and your traders. Additionally, we use tier-three chargeback prevention measures to safeguard you from any deceptive claims.
In order to make it simpler for traders to fund their trading accounts, we support more than 150 different currencies and 100 payment methods. In addition, we offer 24/7 customer assistance and timely reimbursement (paid settlement). Also, we provide forex merchant accounts to regulated and unregulated forex brokers. We also give you access to a personal support manager. You can benefit from many advantages by selecting us as your payment partner, some of which are listed below:
The online forex trading market is growing rapidly in Malaysia. People love forex trading as it is available round the clock and gives them side income. Many traders do trading after regular office timings. Overall it can be said that the future of online forex trading is bright in Malaysia, and the country will require a number of forex brokers in upcoming years. We, PayCly, encourage and support entrepreneurs to expand their forex platform all over the nation by giving them forex payment processing. For further information, kindly reach out to our assistance team at https://paycly.com.
In reality, PayCly is the top high-risk payment processing company, providing state-of-the-art high-risk merchant accounts to all high-risk businesses, including casinos, forex, and gambling. PayCly is the most reputable provider of casino merchant accounts and gaming merchant accounts in Malaysia.
As mentioned above, we are the top high-risk payment processing firm that provides high-risk merchant accounts to all high-risk businesses, including adult toys, escort services, tobacco, e-cigarettes, online dating, fantasy games, etc. Additionally, we provide merchants with the best credit card processing and an international payment gateway. We have created a few state-of-the-art merchant accounts with high-risk and sector-specific features in which we have extensive experience; they are listed below:
| Casino Merchant Account | Forex Merchant Account |
| E-Commerce Merchant Account | Fantasy Gaming Merchant Account |
| Escort Merchant Account | Adult Toys Merchant Account |
| Dating Merchant Account | E-Cigarettes Merchant Account |
| Tobacco Merchant Account | SMM Panel Merchant Account |
