Top Forex brokers that accept AstroPay payments

AstroPay is one of the payment methods that holds a special place in the industry for several years now. Established in 2009 under AP Global Corporation LLP ownership, Astropay is a rapidly growing global payment solution. Since, AstroPay has dedicated most of its time, resources, and best effort to developing the secure and time-efficient service, quite a few notable Forex brokers adopted it as their payment method. The company is offering online payment solutions in regions with emerging economies.

AstroPay has more than five hundred partner merchants and millions of active users currently registered on the platform of the payment services provider. AstroPay holds authorization by the Financial Conduct Authority in the United Kingdom (FCA) under the Electronic Money Regulations. The best thing about using AstroPay for trading is that after you purchase an AstroPay card, deposits and withdrawals, as well as transactions come with little to no fees at all.

AstroPay cards come at different prices starting from 10 US dollars and reaching 1000 US dollars eventually. There are no transaction fees applicable to AstroPay card users. However, depending on the base currency of the account conversion fees will apply. The article below will be discussing one of the most talked-about online payment processing platforms – AstroPay. AstroPay review will concentrate on its strengths and weaknesses, AstroPay Forex brokers, and platform specifics for the new users.

Use AstroPay for payments with XM

Best brokers accepting AstroPay deposits

astropay accepted sitesAs Forex trading is all about currencies, global payment options like AstroPay come especially in handy both for the traders and the brokers. The main reason for that is that AstroPay allows all of its users to make transactions, purchases, or withdrawals in their preferred and local currencies. Moreover, the service offered by the company is considered to be one of the most reliable and secure ones out there. Therefore, the number of AustroPay accepted sites is increasing day by day. We have prepared the list of some of the top Forex brokers that list Astropay as one of their payment methods for the traders:

XM Group

XM Forex Review

Minimum deposit

5$

Regulation

CySEC, FCA, ASIC

Bonus

30$, 50%+20%

Maximum leverage

30:1

Year founded

2009

Trading platform

MT4, MT5, WebTrader

AvaTrade

Review of AvaTrade – Broker with over 15 years of experience

Minimum deposit

$100

Regulation

CySEC, CBI, FSA, FFAJ, BVI FSC, FSCA, FSRA

Bonus

Maximum leverage

1:400

Year founded

2006

Trading platform

MT4, MT5, WebTrader, AvaTradeGO

Scandinavian Capital Markets

Scandinavian Capital Markets review

Minimum deposit

250 USD

Regulation

Swedish FSA, Finansinspektionen

Bonus

N/A

Maximum leverage

200

Year founded

2012

Trading platform

cTrader, MetaTrader 4, MetaTrader 5

HotForex

HotForex Review – Trade 1,000+ of Symbols with this Broker

Minimum deposit

$5

Regulation

SVGFSA, FCA, DFSA, FSCA, FSA

Bonus

From 30% to 100%

Maximum leverage

1:1000

Year founded

2010

Trading platform

MT4, MT5

ForexMart

ForexMart Review – High-class trading experience

Minimum deposit

15

Regulation

CySEC

Bonus

30%

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4, WebTrader

CM Trading

CM Trading FX broker review – Is it legit?

Minimum deposit

$250

Regulation

FSCA

Bonus

Maximum leverage

1:200

Year founded

2012

Trading platform

MT4, WebTrader

Plus500

Plus500 Review

Minimum deposit

100$

Regulation

FCA

Bonus

N/A

Maximum leverage

30:1

Year founded

2008

Trading platform

Custom

IQ Option

An in-depth IQ Option Review of fees, opportunities and more

Minimum deposit

$10

Regulation

Risk Warning: YOUR CAPITAL MIGHT BE AT RISK

Bonus

N/A

Maximum leverage

1:1000

Year founded

2013

Trading platform

Proprietary

Exness

Exness Broker Review – Should You Trade With It?

Minimum deposit

10 USD

Regulation

FCA, CySEC, FSA

Bonus

N/A

Maximum leverage

1:Unlimited

Year founded

2008

Trading platform

MT4, MT5, WebTerminal

OspreyFX

OspreyFX review – regulations, features and possibility of OspreyFX scam

Minimum deposit

$10

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2019

Trading platform

MT4, custom

EagleFX

EagleFX review – Start trading with safe and secure broker

Minimum deposit

$10

Regulation

Bonus

Maximum leverage

1:500

Year founded

Trading platform

MT4

Forex.com

Forex.com Review

Minimum deposit

250$

Regulation

FCA, NFA

Bonus

N/A

Maximum leverage

200:1

Year founded

1999

Trading platform

MT4

easyMarkets

Can You Trust easyMarkets? There Are Things You Need To Know

Minimum deposit

$25

Regulation

ASIC, CySEC, FSA, BVI

Bonus

50%

Maximum leverage

1:400

Year founded

2001

Trading platform

WebTrader, MT4, TradingView

HYCM

Can you trust HYCM Forex broker? What you need to know?

Minimum deposit

100

Regulation

FCA, CySEC, DIFC, CIMA

Bonus

N/A

Maximum leverage

500:1

Year founded

1977

Trading platform

MT4, MT5

FPMarkets

Is FPMarkets reliable broker? Is it licensed to trade?

Minimum deposit

$100 AUD

Regulation

ASIC

Bonus

N/A

Maximum leverage

500:1

Year founded

2005

Trading platform

WebTrader, MT4, MT5, IRESS

Pepperstone

Pepperstone FX Broker – Everything You Need To Know About This Broker?

Minimum deposit

AUD$200

Regulation

ASIC, SCB, CMA, CySEC, FCA, BaFin and DFSA

Bonus

N/A

Maximum leverage

1:400

Year founded

2010

Trading platform

MT4, MT5, cTrader, TradingView

IMGFX

IMGFX Broker Review – Your Best Trading Experience

Minimum deposit

$50

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4

FXOpen

FXOpen Review – The most experienced broker

Minimum deposit

1 USD

Regulation

ASIC, FCA

Bonus

10 USD

Maximum leverage

1:500

Year founded

2005

Trading platform

MT4, MT5, WebTrader

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

AstroPay background and overview

astro forex
Based in the United Kingdom, Astropay is a platform that offers its customers online services for purchasing at international websites. The fundamental point of the service provider is that the clients can execute the transactions in their preferred local payment methods and currency. AstroPay initially launched in Latin America, where customers from most of the major markets of the region had no access to international payment solutions. Since then the company has broadened its scope of demographics and is now successfully operating in Asia, Africa, and some European countries alongside Latin America. People from all of the listed regions have the ability to store, deposit, purchase, and withdraw funds in their local currencies.

The company has two main products – AstroPay card and AstroPay wallet. The AstroPay Card is a prepaid voucher issued by the company under the name of the client with the credit limit set in advance. The card can be used while purchasing or transferring funds from the AstroPay account to one of the merchants listed with the company. At the moment, the number of AstroPay supported sites or merchants is over 500. Furthermore, the payment solution offers more than 200 payment methods, including Visa, Mastercard, Google Pay, and many more popular options that can be found locally in your country of residence.

Benefits of AstroPay:

AstroPay has many competitors on the market and it is not easy to distinguish oneself from the major players that have already settled down with leading countries, such as the US, Canada, and Australia. However, the company explored the existing problems in the developing regions and put their best effort into solving them. Here are some of the benefits of using AstroPay:

Guaranteed Payment Methods

One of the biggest advantages of using AstroPay is the fact that there are no payment rejections. The payment service provider tries to keep its service as simple as possible. Furthermore, the local taxes are not applicable to transactions, payment receipts, or withdrawals. The security measures of AstroPay guarantee that there are no fraudulent behaviors on the platform.

Universal Payments

AstroPay operates in a way that even if you are shopping on an international website you can purchase items in your local currency. There will be no fees other than the ones for conversion. This way you save a lot of money and time to avoid exchanges in your bank account and instead let AstroPay solve for it.

Diversity of payment methods

AstroPay supports more than 200 popular payment methods, which users can utilize to deposit and withdraw their funds. It includes top-tier bank wire transfers, credit and debit cards with Visa, Mastercard, American Express and etc. as well as the most common online payment solution and e-wallet platforms.

User-centric platform

Setting up an AstroPay account takes a minute or two with only a few registration steps. It has one of the most user-friendly platforms with a simplistic interface and easy navigation system. Even buying an AstroPay card will take up to 5 minutes maximum including the time to choose your card and customize it.

Trade with AstroPay account securely at XM

Drawbacks of AstroPay:

One of the major limitations of the AstroPay payment solution is its lack of worldwide coverage. Even though, the company is currently entering the market of Europe, from most of the European countries the platform is still not fully accessible. Furthermore, Australian, US, or Canadian users cannot use AstroPay and there is no indication that the company is planning to enter those markets any time in the future. We also encountered several reviews that concerned mediocre customer support of AstroPay. The users complained that whenever they encountered some issues and approached Help Center, it took ages to get a response back from them. However, whenever we requested information from the Support, we received an answer in just a few hours. Let’s look at the main points that we don’t like about AstroPay:

Lack of worldwide coverage

AstroPay operates in developing countries at the moment. Therefore, the service is not available in most of the countries from the European Union region, the United States, Canada, Australia and etc. Despite the fact that AstroPay is regulated in the United Kingdom by the Financial Conduct Authority (FCA), due to extremely high competition it cannot operate in Europe.

Mediocre Customer Support

There are not many channels through which customers can contact the customer support team of the AstroPay platform. AstroPay has an email address where users can approach the support team and a mobile phone number. However, there are no toll-free numbers available, call-back features, or live chat available.

Small customer base

Compared to its competitors, AstroPay has a relatively small customer base of around 2 million active users. It becomes an issue for finding new merchants since the companies will prefer to use services that operate with larger customer bases and cover more share of the worldwide population.

Deposits using AstroPay

astro forex

Depositing using an AstroPay card is the same as depositing from a regular debit or credit card. However, you have to first make sure that the website you are using is on the list of AstroPay accepted sites. To check it, find the payment options on the website and see if AstroPay is listed within the methods. After you confirm that it is allowed to use the virtual card, you can go through three simple steps to deposit funds with an AstroPay card.

  1. Login to the website with your account details and go to the deposit page
  2. Choose AstroPay Card as your option for payment processing
  3. Input the details of your AstroPay Card, such as the unique number of the card, CVV, and expiry date

The information regarding your AstroPay Card can be accessed on the official website of AstroPay. After you log in to your account, you have to find a wallet, where your purchased cards will be displayed.

astropay exchange rate
However, before you proceed with the AstroPay deposit methods make sure that you have actually purchased a card, it is valid and you have funds available on the card. If you have not purchased a card yet, you can do so by clicking on “get a new card”, which will re-direct you to a card purchase page. There will be a total of 11 options of different AstroPay cards to choose from. The cards will vary according to their purposes and limits. Choose the one that suits your goals and needs the best. Furthermore, increasing the card limits is possible whenever you advance through the AstroPay Loyalty Program. The good news is that this method comes with an AstroPay promotion code, giving you the ability to earn a small amount of money and start using its service immediately.
astropay supported sites

Withdrawals using AstroPay

astropay card promo codeWhen it comes to AstroPay withdrawal options, the payment processing platform gives two choices to its clients. You can withdraw your funds either in your cryptocurrency wallet or in your bank account. Most of the popular options for cryptocurrency wallets are already merchants of AstroPay, meaning that it is highly unlikely that you will encounter no issues while withdrawing your funds in Bitcoin to your wallet. To withdraw the remaining balance on one of your purchased AstroPay cards, you have to follow these steps below:

  1. Visit the official page of AstroPay and log in to your account
  2. Go to the “Money” section and find “Cards” which will display all the cards under your ownership
  3. Select the desired card from which you would like to withdraw the funds
  4. Click on withdrawal and select the method for withdrawing your balance
  5. In case you would like to cash out to your bank account, fill in the form with the bank account detail, if you decide to withdraw in crypto, then complete the form with your cryptocurrency wallet
  6. Proceed with “confirm”

AstroPay also allows its users to ask for a refund for the purchased card, in case the client decided to close the account. However, a refund should be requested within several days of purchasing the card. Send your card return request to [email protected] and state the reasons for your decision.

A step-by-step guide to registering on AstroPay platform and depositing with your broker

astropay forex brokers

Registering with AstroPay is as easy as it gets. Beforehand, make sure that the access to the products that AstroPay offers is not prohibited by Applicable Laws in the jurisdiction of your residence country. Furthermore, it is a strict requirement of the platform that you are considered to be of the legal age at the time of registering with AstroPay in your country of residence. None of the products offered by the company are eligible for minors. If you comply with all the above-mentioned requirements you can proceed with creating your free account at AstroPay global payment solutions platform. Follow the steps explained below:

  1. To set up your AstroPay account, you will need to enter your valid phone number. You can choose your country code by clicking on the empty square next to the entry form.
    astropay card promo code
  2. You will receive the confirmation code from AstroPay on your indicated phone number. Check for the message and insert the code as asked in the form. Please note that you can resend the SMS with the activation code only 2 times. If you fail to activate your phone number after two new codes, you will have to wait for 24 hours to try again.
    astropay accepted sites
  3. At this stage, you will have to create your account password. Before proceeding with the confirmation, please make sure to read the terms and conditions of the platform.
    astropay promotion code
  4. The final stage of the registration is completing the form with your personal data. However, you can skip it for the moment and fill it up later on. All you have to do is type in your first and last names as they are indicated in your supporting legal documents and the date of birth. You can choose the type of legal document for identity verification purposes and write the number of the document. You should also indicate your valid email address, as later you will be requested to verify the address, as well.
    astropay forex brokers
  5. Visit your broker’s deposit page after you log in to your trading account and look for the AstroPay option within the list of the available payment methods. The broker will ask you to sign in to your AstroPay account to complete the deposit transaction.

At this point your account is complete and you can access your full profile at AstroPay. You can purchase the card according to your preferences or requirements and/or deposit the funds in your wallet. In case of questions, you can always approach [email protected]. Congratulations on your first steps towards becoming an Astro Forex trader! Once again, you can also use the AstroPay card promo code after registering your account, which encourages users to start using this payment method and get all the advantages that come with using it.

Become Astro Forex trader with XM!

FAQ on AstroPay

How can I pay with AstroPay?

If the website, where you intend to deposit, accepts AstroPay as their payment method all you have to do is log in to your account on that website, go to the deposit page, choose AstroPay as the payment option and fill in the AstroPay Card details, such as the card number, CVV and validity date.

Where is AstroPay accepted?

The list of the countries where AstroPay is available includes Brazil, Argentina, Peru, Mexico, Uruguay, Costa Rica, Bolivia, Chile, Colombia and Venezuela, Japan, China, Indonesia, Greece, and Turkey. AstroPay has over 500 merchants accepting the AstroPay card as one of their primary payment methods. Many of the brokers have adopted Astropay payment solutions into their platforms. One of the recent integrations made was by IQ Options Forex broker. You can check for the merchants directly with AstroPay or look for the payment options on the website of your interest to see if they have AstroPay cards listed.

How do I withdraw money from my AstroPay Card?

To withdraw money from AstroPay Card, you have to log in to your AstroPay account, visit the “Money” section and choose “Cards”, where you will have all your cards listed. Click on the desired card and proceed with the withdrawal. You will have to choose the withdrawal option – either to your cryptocurrency wallet or to your bank account. Fill in the form with your bank account or crypto wallet details and your funds will be credited to your chosen destination. You can visit the official website to find Astropaycustomer care number and contact them any time for more information.