Forex trading is completely legal in Oman and regulated by the Capital Markets Authority (CMA) and the Central Bank of Oman. Oman has a population of 4.5 million people, 74% of whom are over the age of 18. Those above 18 are eligible for trading online, and people nowadays are pushing themselves into modern tech in all possible ways. For instance, numerous people are using online forex trading for extra financial benefit as it gives them a chance to earn a lot of money by using their financial knowledge. Still, a large portion of people has yet to enter online forex trading. As awareness is rising, more people are using trading apps to make forex trades. The demand for forex brokers is still high, but the future is brighter than the present.
We, PayCly, being the best forex payment processing firm in Oman, support entrepreneurs to launch forex trading platforms. We assure you that we will accept all online payments in any mode your client wants to pay. We provide you with each and every payment solution you may need, including a forex payment gateway, a forex merchant account, an offshore forex merchant account, and so on.
Daily transactions of $7.5 trillion make the forex market the largest and most liquid market in the world. Basically, the meaning of Forex is foreign exchange; justifying its meaning, the forex market deals in the exchange of foreign currency into one another. Simply put, people purchase or exchange one currency with another currency, and between the fluctuation of prices, they again sell that currency and enjoy the profit. It’s also called over-the-counter trading, currency trading, FX trading, forex trading, etc.
A forex merchant account is similar to a business bank account, allowing a merchant to accept, keep, and withdraw funds that he receives from traders. On the other hand, a forex payment gateway is a mechanism that facilitates online payment transactions via credit card and other modes by transmitting payment details between the issuer, acquirer, and card company.
You can receive online payments using different payment methods, including credit cards, crypto, wire transfer, etc., with the help of a forex payment processing firm called acquirer. An acquirer incorporates an online forex payment gateway and a merchant account for a forex broker into your application or website, authorising you to accept multicurrency payments that help your business to reach the global market.
Due to the international & decentralised nature, high risk of chargebacks, fraud, money laundering and several other reasons, the forex market is considered a high-risk market. No bank and financial institutions offer high-risk merchant accounts for forex brokers. But a merchant does not need to worry as many PSPs offer you forex credit card processing so that your trader can add funds using a credit card in his trading account.
Choosing a payment partner for your forex business is a complex task, but we will surely help you know the essential features a PSP must offer. We are listing below the essential qualities that a forex payment processor must have in his merchant account forex.
How can a service provider be the best? We believe that if a service provider creates its services according to the need of merchants and that services can help increase the revenue and expansion of the merchant's business, PSP is the best.
We have positioned ourselves as Oman's leading forex payment processor due to personalised, trustworthy and reliable services. Our customer-centric approach, state-of-the-art security standards, and futuristic chargeback prevention tools are the best in all forex merchant account providers. Additionally, we offer the most affordable MDR and service pricing in Oman. We make it simple for your traders to fund their forex accounts by accepting over 100+ payment methods and 150+ different currencies.
The safety of our merchant's payment is over top priority for that, we have employed futuristic technologies such as AI & ML to eradicate and eliminate all fraudulent activities. Furthermore, our security mechanism includes PCI-DSS level-1 compliance, 3D secure authentication, SSL, SET, tokenization, AVS & CVV checkers, etc. Due to PayCly's higher-level, secure payment technology, forex brokers can offer their clients significant leverage.
Being impartial, we provide our forex trading merchant account to both regulated and unregulated merchants to grow in this open market. We also assign you a dedicated support manager. Moreover, we give you a quick and routine payment settlement. Additionally, if all of your paperwork is in order, your application for a forex merchant account will be instantly approved. One of the best PSPs in Oman for handling foreign exchange payments is PayCly. You can gain various advantages and benefits by selecting us as your payment partner, some of which are listed below:
Oman is one of the best places to invest in the Arab world. S&P & Moody provide AAA investment grade (which means the extremely strong capacity to meet financial commitments) to Oman. It's a high-income country whose internet penetration is more than 95%. Digital programs are spreading widely to make a better lifestyle for Omanis. People are finding newly emerged ways like online forex for additional income. The present and future of online forex trading platforms are very bright in Oman. Keeping this in mind, PayCly is prepared to fulfil all the payment-related requirements of merchants. We encourage entrepreneurs to launch their forex brokerage firms. For your payment partner, PayCly is what you all require a complete pack of all forex payment solutions. For more information, please get in touch with us at paycly.com.
Yes, by offering them high-risk forex merchant accounts, and other payment solutions that a merchant may require, we assist newbies in becoming business moguls. Additionally, we grant them access to an international payment gateway so they can expand globally.
We are the world's most trusted provider of high-risk merchant accounts. We offer the top merchant account and payment gateway for FX brokers. We also provide the best international payment gateway, credit card processing, and offshore merchant accounts. Furthermore, we've created a few distinct merchant accounts with high-risk and sector-specific features.
| 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 |
