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Tag: Forex Credit Card Processing

Why is Forex Business Considered High – Risk?

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.

Posted on August 12, 2019August 12, 2019Categories Forex Merchant AccountTags Forex, Forex Credit Card Processing, forex market, Forex Merchant Account, Forex Merchants, forex payment gateway, Forex Payment Processing, Forex Trading, Forex Trading Merchant AccountLeave a comment on Why is Forex Business Considered High – Risk?
How To Open A Forex Merchant Account?

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.

  1. Encrypted Areas of Processing
  2. Fraud Protection
  3. Costumer service quality
  4. Virtual Terminal
  5. Currency in Foreign Exchange
  6. 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.

Posted on August 8, 2019August 9, 2019Categories Forex Merchant AccountTags Forex, Forex Credit Card Processing, Forex Merchant Account, Forex Merchants, forex payment gateway, Forex Payment ProcessingLeave a comment on How To Open A Forex Merchant Account?
Features Of Forex Merchant Account

Features Of Forex Merchant Account

What do you mean by forex?

Forex is nothing but the short form of Foreign Exchange. With the help of forex, foreign currencies can be bought, sold and traded on a global level, in other words forex is the global market for such currency operations. With over $5 trillion in transactions per day forex has become the biggest and maximum liquid trading market globally.

Apply for a Forex Merchant Account

What is forex merchant account?

The merchant account used by forex companies globally for processing and transaction of online payments for their business is the forex merchant account. Forex traders use this account to accept payments through credit/debit cards, as most of the traders provide online trading and these traders find it easy to transact using this account. Also, the license of the forex traders and the company is very much important in approval of your Forex Merchant Account and how the account is affected as there are chances of a few transactions not being permitted.

All in all, main aim of the forex merchant account is that the forex traders should be able to process online card transactions safely and effectively.

The forex merchant account is classified as High Risk Merchant Account, which makes it challenging but not impossible to get approval of such account.

Why is forex merchant account classified as High Risk?

As known to all of us, Forex is a global trading platform hence, Forex involves currencies of various country and no country has any type of jurisdiction of any other countries currency. Some trading platforms are licensed while some are not. Forex Merchant account involves international card transactions. There may be a lot of unhappy investors so there is high probability of chargebacks and the risk for fraud also increases.

Lot of these concerns can be avoided at the time of underwriting of the forex merchant account.

At last the best way of avoiding this problem is to have proper license of forex trading at the time of approval of forex merchant account.

Posted on July 16, 2019July 16, 2019Categories Forex Merchant AccountTags Forex, Forex Credit Card Processing, Forex Merchant Account, Forex Merchants, forex payment gateway, Forex Payment Processing, Forex Trading Merchant AccountLeave a comment on Features Of Forex Merchant Account

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