16 Best Payza Forex Brokers

Payza Forex Brokers use Payza an online payment service which can be used by individuals and businesses. Payza specialises in remittances and e-commerce processing and the e-wallet platform allows customers to not only send but also receive online payments. Payza was founded in 2004, under the former name of AlertPay.

Choose your quick section of our best Payza Forex Brokers below.

Our 10 Best Handpicked Payza Forex Brokers Revealed:

Payza is a subsidiary of UK company, MH Pillars, and has a corporate headquarter situated in London, with an operational centre based in Canada. The Payza platform is available in over 180 countries worldwide, with 25 different currencies on offer, and over 13 million users. Here is an overview of the Best Payza Forex Brokers and Trading Platforms.

TD Ameritrade

TD Ameritrade is one of the largest online brokers to date, overseen by top-tier US regulators like the SEC and FINRA.

Pros and Cons

Pros	Cons
Extensive research capabilities	Credit/Debit Cards not available
Additional support channels

TD Ameritrade offers investors a large array of account offerings, an extensive range of investment choices, educational resources, and diverse trading platforms. Tradable Securities include Stocks, Bonds, Mutual Funds and more.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Mobile Trading	Individual	Bank Transfer
Managed Portfolios	Joint
Cash Management	Business
No min deposit	Retirement
Investment Options	College Savings
Tax Loss Harvesting	Custodial
	Trust

Customer Service is available via Phone and Email.

CMC Markets

CMC Markets is a multi-asset class spread betting and CFD broker which is regulated by the UK’s Financial Conduct Authority (FCA). Clients have the ability to trade on more than 9,000+ trading instruments covering Indices, Forex, Cryptocurrencies, Commodities, Shares and Treasuries, all on the MetaTrader 4 platform or the broker’s own proprietary, web-based Next Generation platform.

Pros and Cons

Pros	Cons
Extensive range of offerings	Does not accept U.S. clients
Regulated by FCA (U.K.)	Differences between Next Generation and MT4
Emphasis on education & customer service	High CFD spreads for certain indices
Research amenities are industry leading	No back-testing or automated trading capabilities

CMC Markets offers a wide range of instruments to trade on covering all major asset classes such as 300+ Forex instruments, 60+ Indices, 15 Cryptocurrencies, 90+ Commodities, 30+ Treasuries and 9,000+ Shares and ETFs.

Trading Benefits

Trading Features	Accounts Offered	Funding Methods
No Deposit Bonus	CMC Markets CFD Account	Wire Transfer
Stop Loss	CMC Corporate Account	Credit Card
	CMC Stockbroking Account	e-Wallets
	CMC Spread Betting Account
	CMC Markets Professional Account

Customer support is available 24/5 via Live Chat, Telephone, and Email.

XTB

XTB is a European broker which was founded in 2002, and has offices in 13 countries across the globe. XTB is regulated by the UK Financial Conduct Authority (FRN 522157) and has been listed on the Warsaw Stock Exchange since 2016. XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from:

xStation5
MT4

Pros and Cons

Pros	Cons
Lowest FX spreads	Does not accept U.S. clients
Regulated by FCA (U.K.)	Non-FX spread costs are high
Offers protection for client accounts	No guaranteed stop loss
Emphasis on customer service	No back-testing or automated trading capabilities

Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday). Traders can buy or sell digital coins with 2:1 leverage and 365-day expiry.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Offers STP	Mini account	PayPal
Low min deposit	Standard account	Skrill
Guaranteed stop loss	Islamic account	Payoneer
Offers Negative Balance Protection		Neteller

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

Saxo Bank

Saxo is a globally regulated, multi-asset class broker which offers traders the option to trade on more than 40,000 instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds and Mutual Funds from a single account across multiple platforms including their own – SaxoTraderGO and professional-grade SaxoTraderPRO.

Pros and Cons

Pros	Cons
Segregates client funds	Doesn’t allow hedging
Established in 2012	Limited range of instruments
Regulated by Financial Conduct Authority	Not ASIC Regulated
Min. deposit from $6,500

The Saxo Group is regulated in 15 jurisdictions including authorisation from the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Services Agency of Japan (FSA) and many more.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Offers STP	Mini account	Bank Transfer
Low min deposit	Standard account	Payoneer
	ECN account

Customer support is available in nearly 30 different languages via phone, email and an FAQ section.

Forex.com

Forex.com is a platform which can be used for trading foreign currencies and precious metals. Traders can trade over 80 currency pairs as well as silver and gold.

Pros and Cons

Pros	Cons
Segregates client funds	Doesn’t offer VPS
Established in 1999	Not ASIC Regulated
Regulated by Financial Conduct Authority
Min. deposit from $50

To open a live trading account, traders will need a minimum deposit of at least $50.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account
Low min deposit	ECN account
	Islamic account

Customer support is available by phone, live chat, or email 24 hours a day during market hours.

XM Group

XM Group (XM) is a group of regulated online brokers regulated by the Cyprus Securities and Exchange Commission.

Pros and Cons

Pros	Cons
Low stock CFD and withdrawal fees	Limited product portfolio
Easy and fast account opening	Average forex and stock index CFD fees
Great educational tools	No investor protection for non-EU clients

XM offers traders more than 1000 financial instruments to trade on both the MT4 and MT5 platforms, including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs. Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs. Traders must take note that XM does not offer binary options or futures.

Trading Benefits

Trading Features	Accounts Offered	Funding Methods
Negative Balance Protection	Micro	Wire Transfer
Low Spreads	Standard	Credit/Debit
Low Commission	XM Zero	Neteller
Hedging Allowed		UnionPay
Scalping Allowed		WebMoney
		Qiwi

Customer Service is available via live chat, Phone and email support.

Exness

Exness is authorised by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS and the Exness Web Terminal.

Pros and Cons

Pros	Cons
107 currency pairs.	Licensing in the Seychelles –low level of protection
Low commissions	Narrow choice of markets.
Zero spread accounts.	No instruments for passive investment.
Wide choice of trading accounts	Superficial learning and analytical content.
Over 60 base currencies of the account

Exness offers traders 5 different trading accounts to choose from and over 105 different instruments to trade, including over 103 currency pairs.

Trading Benefits

Trading Features	Accounts Offered	Funding Methods
Low Trading Fees	Cent	Visa
Allows Hedging	Classic	MasterCard
Allows Scalping	Mini	E-wallets
Mobile Trading	ECN	Perfect Money
One Click Execution		FasaPay
Web Based Trading		Wire Transfer

Exness supports a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.

Forex Time (FXTM)

FXTM or ForexTime was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295. FXTM offers users seven different accounts types where the execution method, range of markets, available platform, and commissions and fees may vary. Three accounts are offered under the Standard category. Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2011	Not ASIC Regulated
Regulated by CySEC
Min. deposit from $10

FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Offers STP	Mini account	Payoneer
Low min deposit	Standard account	Neteller
Offers Negative Balance Protection	Zero spread account
	ECN account
	Islamic account

Customer Service is available via phone, email, online chat options – WhatsApp, live chat, Viber, Telegram or Messenger.

NordFX

NordFX is a forex broker located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC). NordFX offers Forex trading with specific accounts for each type of trader, including Zero accounts which offers spreads from 0 pips.

Pros and Cons

Pros	Cons
Strict Regulations	Limited Trading Assets
Investment Fund	No Social Trading
PAMM	No US Clients
Discounted VPS

Trading instruments on offer ranges from more than 30 currency pairs, the popular precious metals gold & silver, 11 major cryptocurrency pairs, plus CFDs based on Brent oil and stock indices such as Dow Jones 30, S&P 500, DAX 30, NASDAQ 100, and NIKKEI 225.

Trading Benefits

Trading Features	Accounts Offered	Funding Types
Leverage up to 1:10000	FIX	Wire Transfer
Minimum $10 Deposit	PRO	Credit/Debit
	Zero	Neteller
		FasaPay

NordFX offers customer support via Email, Telephone and a 24/5 Live Chat function plus an Online Contact Form available on their website.

HotForex

HotForex was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA and SFSA.

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2010	Not FCA Regulated
Regulated by CySEC
Min. deposit from $1

The HotForex MT5 terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging and one-click trading and 80+ technical indicators plus an in-built economic calendar. The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Micro account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account	Neteller
Low min deposit	Zero spread account
Offers Negative Balance Protection	Islamic account

Customer support is available via phone and email.

AvaTrade

AvaTrade is an online broker which was founded in 2006 and offers Forex, CFDs, Spread Betting and Social Trading and is a global broker with their head office situated in The British Virgin Islands. AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa by ASIC, CySEC and FCA.

Pros and Cons

Pros	Cons
Used by 200,000+ traders	Doesn’t offer VPS
Established in 2006	Not FCA Regulated
Regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI
Min. deposit from $100

For those who are looking to start out with AvaTrade will need a minimum deposit of $250 and a demo account is available for those who want to get acquaint with the popular MT4 forex trading platform. AvaTrade also offer mobile apps for Android and iOS.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Low min deposit	Mini account	PayPal
	Standard account	Skrill
	Islamic account	Payoneer
		Neteller

Customer support is available by email, phone, or live chat.

HYCM

HYCM is an online broker which was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.

Pros and Cons

Pros	Cons
Segregates client funds	Doesn’t offer VPS
Established in 1977	Inactivity Fee
Regulated by Financial Conduct Authority	Limited range of instruments
Min. deposit from $1	Not ASIC Regulated

Traders starting off with HYCM will need to make a minimum deposit of at least $100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice. A wide variety of instruments and currency pairs are available for trade:

Over 100 instruments
Over 40 currency pairs

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Micro account	Credit cards
Allows hedging	Mini account	Bank Transfer
Low min deposit	Standard account	PayPal
	Islamic account	Payoneer

HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat and Phone – 24/5.

FXCM

Forex Capital Markets Limited or FXCM is a Spread Betting, CFD and Forex trading broker, authorised and regulated by the UK Financial Conduct Authority under the Forex Capital Markets Limited and is part of the Leucadia Company, which offers users the ability to trade on Forex, Forex Baskets, Indices, Commodities and Crypto on its own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4, NinjaTrader and ZuluTrade.

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 1999
Regulated by Financial Conduct Authority
Min. deposit from $1

FXCM offers traders 4 main types of trading accounts to choose from, including Spread Betting, CFD Trading, Active Trader and Professional Clients. A Free Demo account is also made available.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account	Payoneer
Low min deposit	Islamic account

Customer Support is available via Live Chat, Phone, Email and SMS.

FBS

FBS is a Forex and CFD broker which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC).

Pros and Cons

Pros	Cons
Negative Balance Protection	Limited Tradable assets
Excellent Regulation	Limited Trading Platforms
Available in Multiple Countries
Award Winning Service

FBS offers users the option to trade on Forex, Indices, Stocks, Metals and Energies across the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms .

Trading Benefits

Trading Features	Accounts Offered	Funding Methods
Copy Trading	Cent	Wire Transfer
Rapid Order Execution	Micro	Credit/Debit
	Standard	Neteller
	Zero Spread	Bit Wallet
	ECN	Perfect Money

Customer Support is available 24/7 via a Call-back service, online Live Chat, Telegram, Viber and Facebook Messenger.

FP Markets

FP Markets is a global, online broker regulated by the Australian ASIC and the Cypriot CySEC which was founded in 2005 and offer Forex trading and has a head office situated in Australia. When starting off with FP Markets traders will need to make a minimum deposit of $100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer. Over 100 instruments and over 60 currency pairs in total are on offer, on the popular MT4 forex trading platform. FP Markets also offers traders mobile apps for Android and iOS.

Pros and Cons

Pros	Cons
Low Forex Fees	High Stock CFD fees
Easy Account Opening	Limited Product Portfolio
Quick Deposit and Withdrawal	Outdated Platform

Trading Benefits

Trading Benefits	Accounts Offered	Funding Methods
Allows scalping	Mini	Bank Transfer
Allows hedging	Standard	Credit/Debit
Offers STP	ECN	Electronic Wallets
Low min deposit	STP
Offers Negative Balance Protection	Managed

All accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese. Customer Service is available via email, phone and live chat.

OctaFX

OctaFX is an online broker which was founded in 2011, offering Forex trading. As OctaFX is regulated by the Financial Conduct Authority (FCA), each new client must pass a few basic compliance checks when signing up for an account. OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.

Pros and Cons

Pros	Cons
Used by 300,000+ traders	Doesn’t offer VPS
Established in 2011	Limited range of instruments
Regulated by FSA	Not FCA Regulated
Min. deposit from $5

OctaFX provides an array of educational tools to assist beginner traders to become more experienced and even professionals in trading.

Trading Benefits

Trading benefits	Accounts Offered	Funding Methods
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Offers STP	Mini account	Neteller
Low min deposit	Standard account
Guaranteed stop loss	Zero spread account
Negative Balance Protection	STP account
	Islamic account

Customer Support is available 24/5 via Live Chat, Email, Phone, WhatsApp and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.

Conclusion

Payza is a useful choice for traders who want to fund their trading account with Bitcoin. However, customers should ensure that their selected broker is indeed authorised and regulated by a reputable regulatory body, rather than purely basing their broker selection on the fact that a broker accepts Payza.

FAQs

Does Payza offer a selection of accounts?

Yes. There are two different types of accounts made available, namely a Personal Account and a Business Account. Both accounts can be opened for free and personal accounts will not need verification.

Which payment methods can be used to top up or withdraw from a Payza e-wallet?

Payment methods available to use in order to top up or withdraw from a Payza e-wallet includes credit/debit cards, bank wires, bank transfers, and Bitcoin.

On which platforms can Payza be used?

Payza can be accessed on a PC or can be downloaded as a smartphone or tablet app.

Which services are available through Payza?

Customers can use Payza to shop online, exchange currency, send and receive payments and pay for goods and services.

Is Payza free to use?

Yes and No. Opening an account and sending funds are indeed free for both personal and business account holders. However, Fees will be charged for receiving funds, starting at 2.9% + £0.30 per transaction.

Is Payza safe to use?

Payza Security features include Fraudmatrix, which is a secure e-commerce monitoring platform.

How many Currency pairs does Payza have on offer?

Instant deposits can be made 6in most countries globally with around 25 different currencies to select from.

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Table of Contents

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

May 24, 2021

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