Multi-Currency Processing for your Forex Company

One of the largest and most liquid market today, the Foreign Exchange Market or Forex Market with daily transactions resulting in over $5 trillion. Advancement in technology has further contributed to the increase in new traders and brokers which in turn has led to the overall market growth.

One example which has contributed majorly to the positive growth of the industry in the popularity of Electronic trading among merchants. With the help of advanced platforms to trade, traders and brokers alike are entering the market enthusiastically in order to make profits.

Apply for a Instant Approval Forex Merchant Account

The increased influx of new merchants and traders means increased competition. And to stand apart, a merchant has to offer the best not just in terms of the the products they sell but also in the way they accept payments for the products sold.

In terms of forex business, building customer loyalty and trust in of utmost importance and a merchant cannot achieve that with an outdated payment system.

Forex Merchant Account with Multi-Currency Processing Solutions

A Forex Merchant Account is an absolute necessity for merchants willing to accept credit/debit card payments in a secure and easy way.

With online trading gaining popularity, traders want a safe option to add funds to their account and with quality forex merchant account processing, brokers are offering all the features needed for a smooth trading experience.

A Forex Merchant Account delivers multiple advantages that are not only beneficial for a customer but also for the merchant.

High Monthly Volume processing, High Ticket processing, Fraud & Chargeback Management Tools, Multi-Channel Payments, Multiple Payment Methods, Multi-Currency Processing, etc are some of the key benefits a forex merchant acquires by obtaining Forex Merchant Account Processing solutions.

When looking for forex merchant account solutions, merchants should take all the above points into consideration and choose the best provider that suits your business needs.

Since Forex is a global trading platform, a quality forex merchant account with multi-currency processing services will allow you to accept payments and receive settlements in the form of world’s most popular currencies.

Opt for merchant account providers who offer payment gateway integration with their merchant account solutions that fits your business to avoid any hassles in the future.

Obtaining a Forex Merchant Account may prove difficult with the high risk tag attached to it, but if you are running a licensed forex business, finding a merchant account with fair charges and appropriate solutions to fit your business is absolutely possible.

Why is Forex Business Considered High – Risk?

What is Forex Business?

Forex also called the Foreign Exchange is a Trading business, the forex market does the conversion of currencies from currency of one country to another. This is a global market used by Forex industries to trade at an average of 5-6$trillion on the daily scale. Forex can be termed as network of buyers and sellers converting and transferring currencies. The payment method used in this network is with the used of Forex Merchant Account to accept and pay funds through credit cards.

Why is Forex Business Considered High Risk?

Businesses are classified as High Risk and Low Risk Based on the amount of Risk involved in it. Here we will get to know why such business is trading in trillions daily considered high risk.

Apply for a Instant Approval Forex Merchant Account

Large numbers of people are earning a lot through this market with the help of Forex Merchants. Forex trade takes places between pairs of currencies, which means there is a winner and a loser at the same time on either side of the trade.

There are few Risks involved in Forex Trading and we are here to inform you about it.

1. Uncontrollable Market Risk

Market risk in the forex market is capable of directly affecting the currency pairs involved in trading. One should have proper exposure to the market risk before trading in order to make profits by taking the advantage with there is a price difference, this can also be termed as ‘Market Volatility’. With Volatility traders are able to make trades with profit, but there is high risk of market goes against you.

2. Leverage Risk

you can see to it as the biggest advantage or the biggest risk of Forex trading. Investors like you and I use leverage on the investments to increase their returns. But also in opposite way leverage increases the losses as well.

3. Counterparty Risk

The Counterparty is the body along which you perform opening and closing of trading positions in the Forex Market. The risk here is that the counterparty goes bankrupt and does not pay you are maybe you are not paid because of the poor regulatory implementation.

4. Liquidity Risk

There are many traders / investors in the liquid market. There is time of low liquidity in the forex market during weekends and a bank holiday which may result in loses.

5. Online Transactions

The investors are supposed to invest in the Forex Market through Forex Credit Card Processing which can also be risky due to the involvement of variety of currencies. There are chances of fraud occurring during online transactions.

These are some of the risks involved in Forex Business, which has resulted in categorizing the Forex Business as a High Risk Business.

How To Open A Forex Merchant Account?

What do you mean By Forex Merchant Account?

There are many people making a lot of money in Foreign Exchange (Forex) with every passing minute, these people earn with the help of forex brokers and agents. For such global online transaction and processing in Forex companies/industries the brokers/ agents need to use Merchant Account. This account is called the Forex Merchant Account. Overall, we can say that Forex Merchant Accounts makes it easy for the brokers/traders to perform all their transactions.

How to Open a Forex Merchant Account?

Forex is a High-Risk classified business because of the high amount of risk involved which means Forex Merchant Account is a High Risk Merchant Account as currencies of different countries are involved and the probability of fraudulent transactions is high. It is necessary for you being a Forex merchant to have done a proper background study of all the institutes providing such Merchant Accounts. There are a lot of benefits you can get if you apply for Merchant Accounts in a Reputed High Risk Merchants Services and Solution providers. This smart work of yours can help you drive high number of sales and proportional to it, the sales will also rise.

Apply for a Instant Approval Forex Merchant Account

As Mentioned earlier, before you apply for a reputed genuine High Risk Merchant Solution and Service provider and if it can serve you everything you need related to your business. During your business day, in case your Merchant account starts running slow, there are chances you may undergo a lose of thousands.

Here are a few points you need to consider while applying for Forex Merchant Account.

Encrypted Areas of Processing
Fraud Protection
Costumer service quality
Virtual Terminal
Currency in Foreign Exchange
Payment Gateway Protection
And a few more.

So, we recommend you do the best background study and select the best suitable High Risk Service provider. After all your main aim is to buy low and earn more.