Forex Merchant Accounts - Instabill

By: Instabill  09-12-2011
Keywords: credit card, Credit Card Processing, Card Processing

As a forex merchant, you care about one thing - staying on top of currency market conditions so you can keep your business profitable. If your credit card processor can't keep up, you could be looking at delayed payouts and big losses. You need a fast, reliable multi-currency payment processor that understands the real needs of a forex merchant and provides a reliable forex merchant account. Instabill is your solution, with real-time processing with reliable payouts and no processing volume caps.

Currencies we process:



USD

EUR

GBP

CAD

AUD

CHF

HKD

ILS

LVL

NOK

PAB

SEK

SGD

THB

TRY

AED

DKK

ZAR

What is forex?

Forex is the buying and selling of currencies. These transactions always include two currencies, which are known as a currency pair. Each currency in the pair has its own exchange rate. For example, if €1 EUR is equivalent to $1.4205 USD, then the EUR/USD currency pair exchange rate would be 1.4205.

Forex trading is similar to stock trading - buy low and sell high. If you begin with $1,000 USD, then the following would be true with the given exchange rates.

EUR/USD 1.4205 $1,000.00 USD €1,420.50 EUR
EUR/USD 1.3207 €1,420.50 EUR $1,876.05435 USD
EUR/USD 1.5998 $1,876.05435 USD €3,001.31174913 EUR
EUR/USD 1.0303 €3,001.31174913 EUR $3,092.25149512 USD

* The above exchange rates are fictional

Forex & High Risk: Why forex merchants are considered high risk merchants

Why Instabill provides forex merchant accounts

It is virtually impossible to run a profitable forex brokerage firm without a merchant account that provides real-time credit card processing solutions for its clients. Most merchant account providers shun these merchants. Instabill realizes this market will continue to develop and thrive worldwide. We work with offshore banks that approve and issue forex merchant accounts, and will continue to do so for years to come.

What are the general rates forex merchants pay for their credit card processing accounts?

We assess forex merchant account rates on a case-by-case basis. Our rates are also constantly changing based on the acquiring bank. For more information, call us at +1 800-318-2713

Forex licenses

Many countries have specific policies for forex traders. For example, in the United States, forex merchants must have a license to handle other people's money and also need to register with the , the , or the ). If you are unsure what you need to do, contact your local officials. They'll be more than happy to help!

Most traded currencies

Rank Currency ISO 4217 code (Symbol) % daily share (April 2010)
1 United States dollar USD ($) 84.90%
2 Euro EUR (€) 39.10%
3 Japanese yen JPY (¥) 19.00%
4 Pound sterling GBP (£) 12.90%
5 Australian dollar AUD ($) 7.60%
6 Swiss franc CHF (Fr) 6.40%
7 Canadian dollar CAD ($) 5.30%
8 Hong Kong dollar HKD ($) 2.40%
9 Swedish krona SEK (kr) 2.20%
10 New Zealand dollar NZD ($) 1.60%
11 South Korean won KRW 1.50%
12 Singapore dollar SGD ($) 1.40%
13 Norwegian krone NOK (kr) 1.30%
14 Mexican peso MXN ($) 1.30%
15 Indian rupee INR 0.90%
  Other Currencies 12.20%
  Total 200%


Requried fields are marked with an *
The information in this article was current at 06 Dec 2011

Keywords: Card Processing, Card Processing Solutions, credit card, Credit Card Processing, Credit Card Processor, merchant accounts, Offshore Banks, Payment Processor, Processing Solutions,

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