The 10 Best Forex Trading Merchant Account
Forex, which is short for Foreign Exchange, is a global over-the-counter market where foreign currencies are bought, sold, traded and speculated on. It is the largest and most liquid trading market in the world with an estimate of more than $5 trillion in transactions per day.
The Forex market has two levels. The first level is called the interbank market where large banks trade currencies. The second is called the over-the-counter market. Here, individuals trade through brokers or online trading platforms.
The Forex business can be complicated. Because it’s considered high risk, industry merchants have to invest large sums of money upfront to make money. In addition, it has earned it’s high risk designation due to high volumes of transactions, chargebacks, and frauds.
Luckily, there are 10 high-risk merchant account providers that do specialize in the field of forex trading and will be more than happy to assist you in finding the perfect solution for your business.