Platforms offering Forex / FX trading, CFDs, Spread betting, or any other market trading software are usually deemed higher risk business activities. 

The addition of leverage to trading platforms such as MT4 – increases the chance that novice traders will lose money and have their accounts hit with margin calls or liquidated positions. 

Having this happen can often make traders upset, or lead to disputes against the trading platform operator, so a robust customer service team and dispute handling process is essential.  Due to the risk of these disputes, card acquirers are usually less favourable towards businesses operating in this sector.

Trading or converting Forex carries its own risks as the values of currency can change due to all sorts of external circumstances. Merchant accounts and Forex payment gateway providers will assess potential risk vs income before issuing an account. Due to the high-risk nature of the industry, you can expect to pay higher merchant account fees.

Being a classed as a high risk merchant can mean that obtaining a suitable account for card processing can be rather tricky. Some mainstream acquirers may decline your application altogether. We can successfully restore card acquiring for forex merchants, our experience means that your application will be packaged correctly and therefore likely to be accepted.

Globank also offers GBP and euro bank transfer payment processing for merchants. Our fully automated solution include support for open banking, where a customer can automatically authorise a payment via his own E banking app, then the funds are transferred to the merchant account. Settlement can be made in Crypto or alternative currencies.

Served notice by your current provider?

Our experts can help you find a more suitable payment processing solution. Merchant account providers are constantly balancing their risk, therefore pull away from industries if they have too many clients at the top of their risk appetite.

Dont get caught out with no payment solution if your acquirer suddenly serves notice on your account. 

Talk to us today to get a reliable, robust, secure solution.