Quick Answer: Forex payment processing enables UK and European forex brokers and FX trading platforms to accept card payments through specialist merchant accounts. We Tranxact connects forex businesses with experienced payment providers who understand the FX trading industry, providing competitive rates and reliable processing for businesses mainstream processors often decline.

Forex Payments for UK & European Businesses

Specialist payment solutions for forex brokers, FX platforms and trading businesses

Forex payments are specialist payment solutions for foreign exchange brokers, FX trading platforms and forex-related businesses who struggle with mainstream processors. From our base in Birmingham, United Kingdom, We Tranxact Ltd helps UK and European forex businesses access payment partners who understand the financial trading industry, compliant flows and stable settlements.

If your forex business has been declined, frozen or shut down by standard providers, we can help you explore payment options designed for your sector.

Why Forex Payments Are Classed as High Risk

Forex businesses are often placed in the high-risk category due to regulatory complexity, chargeback rates and how the industry is perceived. As a result, many forex brokers face significant payment processing challenges:

Account Declines

Mainstream payment processors automatically refusing forex-related businesses without proper assessment of business legitimacy, regulatory status or compliance efforts.

Sudden Shutdowns

Accounts closed with little notice once "forex" or "FX trading" are flagged, even for FCA-regulated businesses with proper authorisation and established trading history.

Frozen Funds

Balances held for 90–180 days or more during risk reviews, creating severe cash flow problems for legitimate forex businesses operating within regulations.

Regulatory Scrutiny

FCA authorisation requirements, AML compliance, and client money protection rules make payment providers cautious about the sector without specialist knowledge.

High Transaction Volumes

Forex platforms often process significant deposit and withdrawal volumes, triggering automated risk alerts from processors unfamiliar with normal FX business patterns.

Chargeback Risk Perception

Historical chargeback issues in the broader CFD and leveraged trading sector affect forex businesses, even those with excellent dispute management.

We focus on helping legitimate, FCA-regulated or compliant forex businesses find payment partners who understand the sector and can assess your business fairly.

Who Are Forex Payments For?

We support UK and European businesses that operate in foreign exchange trading within their local laws and regulations. Typical clients include:

FCA-regulated forex brokers: UK-authorised brokers providing currency trading services to retail and institutional clients with full regulatory compliance.

FX trading platforms: Technology providers offering forex trading infrastructure, platforms and execution services to brokers and traders.

Multi-asset brokers: Brokers offering forex alongside other instruments like stocks, commodities or indices through regulated frameworks.

Forex introducing brokers (IBs): Partners who introduce clients to forex brokers and require payment processing for commissions and client deposits.

Currency exchange services: Businesses providing foreign exchange services, money transfer or currency conversion with proper authorisation.

Forex education and signals: Legitimate educational services, trading courses, signal providers and analysis platforms serving the forex trading community.

Important: You remain fully responsible for complying with FCA regulations, AML requirements and financial services rules. We do not provide legal or regulatory advice—we help match you with payment partners who can assess your risk accurately.

How We Tranxact Helps Forex Businesses

We Tranxact Ltd acts as a specialist consultancy, connecting forex businesses with UK and European payment providers who can consider your business model fairly.

Payment Partners Who Understand Forex

We work with providers experienced in forex, FX trading platforms, financial services and regulated trading businesses who won't automatically decline your application.

Regulatory-Aware Onboarding

We understand FCA requirements, client money rules and AML obligations. We help present your regulatory status and compliance framework clearly to underwriters.

High-Volume Capable Solutions

Access to providers who can handle significant deposit and withdrawal volumes typical of forex trading platforms without triggering unnecessary restrictions.

Multi-Currency Processing

Support for GBP, EUR, USD and other major currencies essential for forex businesses operating internationally across UK and European markets.

Clear Pricing

No confusing fee structures or hidden conditions. Transparent quotes from multiple providers so you can compare options and make informed decisions.

Ongoing Support

We remain available after go-live to assist with questions, dispute management, volume scaling and account optimisation as your business grows.

How the Forex Payments Onboarding Process Works

We keep the process as simple and transparent as possible:

Initial consultation: We discuss your regulatory status, business model, markets, processing volumes and current payment problems or account closures.

Documentation: You provide FCA authorisation (if applicable), KYC documents, business registration, AML policies, client money procedures and website content for review.

Matching & underwriting: We submit your profile to selected payment partners with appetite for forex and FX trading businesses at your regulatory and risk level.

Approval & setup: Once approved, your account or platform login details are issued and payment flows configured for your trading platform or website.

Support & optimisation: We help you understand risk rules, chargeback processes, volume management and best practices for forex payment processing.

FCA-regulated forex businesses with proper documentation typically achieve approval within 7–14 days. Non-regulated or offshore structures may require additional due diligence.

Regulatory Compliance & FCA Requirements

Because forex is a regulated financial service in the UK, payment providers assess regulatory status and compliance infrastructure carefully:

FCA Authorisation Status

FCA-regulated brokers with full authorisation have significantly better approval prospects than unregulated or offshore operators. Your FCA reference number and regulatory permissions are key factors.

Client Money Protection

Demonstrating proper client money segregation, CASS compliance and use of authorised client money banks strengthens your application and shows operational maturity.

AML and KYC Procedures

Robust anti-money laundering policies, customer verification processes and ongoing monitoring systems are essential. Payment providers need evidence of strong financial crime controls.

Risk Warnings and Disclosure

Proper risk warnings on your website and marketing materials. Clear disclosure of leverage, margin requirements and trading risks as required by FCA rules.

Marketing and Advertising Compliance

Following FCA financial promotions rules. Avoiding aggressive marketing, unrealistic profit claims or targeting inappropriate customer segments.

Complaints and Dispute Resolution

Clear complaints procedures, FOS (Financial Ombudsman Service) membership where required, and evidence of fair dispute resolution processes.

Important Note: We do not provide regulatory advice. You must ensure compliance with FCA requirements and seek legal counsel where needed. We help present your regulatory position to payment providers.

How Much Do Forex Payments Cost?

Pricing for forex-related businesses varies significantly based on regulatory status, business model and risk profile. Typical cost elements include:

Setup or onboarding fees: To cover initial risk review, regulatory verification and account configuration.

Processing fees: Percentage + fixed fee per transaction, based on regulatory status, volumes and business structure.

Platform or monthly fees: For access to specific gateways, trading platform integrations or multi-currency capabilities.

Rolling reserve: Common for forex businesses, typically 5-15% of transaction volume held for 90-180 days to cover potential chargebacks.

Chargeback fees: Per-chargeback fees to cover processing and administrative costs, typically higher for forex due to dispute complexity.

Volume-based pricing: Many providers offer improved pricing at higher processing volumes or after demonstrating clean processing history.

FCA-regulated brokers with strong compliance frameworks typically receive better pricing than unregulated or offshore structures. Exact pricing varies significantly between providers.

We obtain quotes from multiple providers so you can compare options before committing. Pricing often improves after 6–12 months of clean processing history.

Forex Payments Across the UK & Europe

We help forex brokers and FX trading platforms across the United Kingdom and Europe access appropriate payment processing solutions.

Whether you're based in London, Birmingham, Manchester, Edinburgh or anywhere across the UK, or operating from European financial centres serving UK and EU clients, we can connect you with payment partners who understand your market and regulatory environment.

Our network includes UK acquirers experienced in FCA-regulated businesses, European payment service providers familiar with MiFID II requirements, and international partners supporting cross-border forex operations.

Forex Payments – Frequently Asked Questions

Do I need FCA authorisation to get forex payment processing?

FCA authorisation significantly improves approval prospects and pricing. While some providers may consider non-FCA businesses, options are more limited and costs higher. Most serious forex operations should be FCA-regulated.

Can you help if my forex account has been shut down?

Possibly, yes. We can explore options with providers who may reconsider your business, but past terminations will be factored into new applications. Strong regulatory status and compliance documentation help.

What's the difference between forex and CFD payment processing?

They're closely related and often grouped together by payment providers. Forex-only businesses may have slightly better prospects than multi-asset CFD platforms, but both require specialist providers.

How long does approval take for forex businesses?

FCA-regulated businesses with complete documentation typically achieve approval within 7–14 days. Non-regulated or complex structures may take 3–4 weeks or longer.

Can offshore forex brokers get UK payment processing?

It's challenging. Most UK payment providers strongly prefer FCA-regulated entities. Offshore structures face much higher barriers, limited options and significantly higher costs.

What documentation do forex businesses need?

FCA authorisation certificate, company registration, director identification, AML policies, client money procedures, risk warnings, website review, processing history, and evidence of regulatory compliance.

Do forex businesses always need rolling reserves?

Most providers require rolling reserves for forex businesses, typically 5-15% held for 90-180 days. Reserves may reduce after 6-12 months of clean processing with low chargebacks.

Can I process multiple currencies?

Yes. Most specialist forex payment providers support GBP, EUR, USD and other major currencies essential for international forex operations.

What causes chargebacks in forex businesses?

Common causes include customer trading losses leading to disputes, unclear terms and conditions, aggressive marketing setting wrong expectations, and inadequate customer verification allowing fraudulent deposits.

How can I reduce forex chargebacks?

Clear risk warnings, thorough customer verification, transparent terms, proper customer education, responsive support, and fair dispute resolution all help minimise chargebacks.

Related High-Risk Payment Services

• High-Risk Merchant Accounts
• Gambling Merchant Services
• Supplement & Nutraceutical Payments
• Peptide Payments (UK & Europe)
• Standard Merchant Accounts
• Ecommerce Payment Gateway
• Virtual Payment Solutions

UK Forex & Financial Services Regulations

• Financial Conduct Authority (FCA)
• FCA – Authorisation and Permissions
• FCA – Financial Crime Guide
• FCA – Forex Market Review
• HMRC – Money Laundering Supervision

Ready to Solve Your Forex Payment Challenges?

Get specialist payment processing support for your forex broker or FX trading platform