Best emerchantpay Brokers 2024
emerchantpay is an FCA-regulated payment service provider available in 150+ processing currencies and 13 settlement currencies, including GBP. The tool provides its services for online, mobile and point-of-sale transactions with over 80 payment methods. In this review, we look at how the payment method works for trading, associated transaction times, security and how to make deposits and withdrawals at emerchantpay brokers. Use our list of the best UK brokers that accept emerchantpay deposits to start trading:
emerchantpay Brokers
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FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.
How emerchantpay Works
The emerchantpay corporation acts as a payment intermediary gateway, meaning traders do not directly deal with the platform as they would with other solutions like Mastercard or PayPal.
The management firm instead supplies brokers with the API technology and documentation to facilitate financial transactions, for example, deposits or withdrawals to/from trading accounts. This then acts as an integrated payment method with which traders interface.
Trading Times
Being an online payment gateway, transaction times are usually instant and are mostly completed same-day. As emerchantpay Ltd acts as an intermediary, trading times may vary depending on the bank or broker.
Investors should check the transaction speed details on the supporting broker to find specific speeds for each firm. FXPrimus, for example, has expected transaction times of up to five minutes through emerchantpay when transferring from a debit/credit card or e-wallet.
Payment Fees
emerchantpay does not charge the trader when using its services. However, emerchantpay brokers may still charge a fee when performing a transaction to cover their costs.
It is best to check specifics with your chosen brokers that accept emerchantpay deposits before opening an account. FXPrimus, for example, does not charge fees when investors deposit funds via this method.
Security
emerchantpay Limited’s London office is regulated by the UK’s Financial Conduct Authority (FCA), the golden standard of financial regulators across the globe. As such, you can rest assured that the firm follows strict transaction fraud prevention protocols and implements fair terms and conditions.
The system uses a sophisticated, real-time, rules-based analytics engine to generate anti-fraud models and reduce decline rates. Furthermore, its end-to-end fraud prevention software improves acceptance and conversion rates, prevents fraudulent transactions and maximises payment protection. Traders can also feel safe knowing the firm employs Secure Sockets Layer (SSL) data encryption to ensure the security of its transactions.
Pros Of emerchantpay For UK Traders
Multiple Funding Currencies
Traders using emerchantpay to fund their news and technical investing accounts have the luxury to pay in a wide range of currencies, including GBP. There are over 13 settlement currencies available with the system.
Funding Methods
Over 50 transaction routes are available, giving traders the freedom to fund their broker accounts with regular card payments, e-wallets, pre-paid cards, bank transfers and more.
Cryptocurrency Support
Investors can also choose to fund their accounts with cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH) from their crypto wallets directly through emerchantpay. Over 60 alternative payment methods are available, providing great flexibility for traders.
Cons Of emerchantpay For UK Traders
Customer Service
The emerchantpay Ltd customer service support channels are somewhat limited. Traders can fill out an online contact form to submit questions, call the UK support enquiries phone number or send an email.
- Phone Number: +44 800 1123344
- Email: helpdesk@emerchantpay.com
Other customer service features, such as live chatbots, are not offered by emerchantpay. Alternatively, the best brokers that accept emerchantpay deposits offer reliable support teams 24/5.
Limited Availability
There are not many UK emerchantpay brokers. This is especially apparent in comparisons against big competitors like Neteller or PayPal.
How To Make emerchantpay Deposits & Withdrawals
- Ensure the broker supports emerchantpay transactions
- Go to the deposits/withdrawals page of the broker’s customer portal
- Choose the emerchantpay option
- Select how you want to perform the transaction (bank transfer, e-wallet payment, etc.)
- Input the details of the funding account and deposit/withdrawal amount (e.g. bank details)
- Proceed and your transaction will be processed
Should Traders Deposit With emerchantpay?
emerchantpay is a fast and secure payment method that provides great flexibility to UK investors. The method allows traders to perform transactions through bank accounts, pre-paid cards, cryptocurrency e-wallets and more. The firm is regulated by the FCA and uses a range of security methods to ensure the safe and secure transfer of funds. However, not many brokers support emerchantpay’s services, limiting its usability within online investing. Use our ranking of the top emerchantpay brokers to get started.
FAQ
How Do You Make Deposits To A Trading Account Using emerchantpay?
First, go to the deposit section of your broker’s client portal. You will need to select the emerchantpay payment option and fill in the details of your funding account (e.g.a crypto wallet). Progressing will lead to the transaction being processed and allow you to quickly start investing.
Is emerchantpay Safe For Online Trading?
emerchantpay is a safe, secure and legit method of transferring funds to an investment account. The firm uses many safety features, such as SSL, to ensure that its transactions are secure. Furthermore, it has a robust fraud prevention system and is regulated by the FCA in the UK. With that said, it is still worth signing up with recommended emerchantpay brokers to reduce the risk of scams and untrustworthy providers.
Is It Free To Deposit Money Into My Trading Account With emerchantpay?
While using emerchantpay, our experts found that it does not charge a fee to the trader when handling transactions. However, some emerchantpay brokers may pass transaction costs to the investor for deposits and withdrawals. Your mileage will vary depending on the broker.
Which Trading Brokers Accept Deposits With emerchantpay?
There are few brokers with whom UK investors can use emerchantpay as a payment method. However, one such broker is FXPrimus, offering free deposits and withdrawals in several currencies (including GBP) with the system.
How Can I Find Brokers That Accept emerchantpay Deposits?
Our experts have scoured all the top UK brokers, producing detailed reviews, rankings and verdicts. Take a look at our list of the top emerchantpay brokers to discover the best firm for your investing strategy.