FXPay Payment Method for Blackbull 2025: Availability, Features, Pros, Cons, Other Payment Methods, and More

Blackbull is a New Zealand-based forex and CFD broker that offers online trading services globally. The broker is well known for fast execution (average 30 ms or less), competitive spreads, and strong regulatory compliance. Blackbull is regulated by top-tier authorities such as FMA, and FSA-S. The broker provides access to 26,000+ trading instruments, including Forex, Equities, Commodities (Energies, agriculture, and Metals), Futures, and Indices.

Blackbull supports 19+ payment methods, including Paypal, Mastercard, bank transfers, FXPay, Skrill, Neteller, USDT, and more for flexible deposits and withdrawals. Among these payment methods, FXPay is one of the most widely used options due to its global availability, security, and ease of use. Traders using FXPay can deposit and withdraw funds seamlessly, making it a convenient choice for managing trading accounts.

In this article, we will explore the FXPay payment method on Blackbull, including its features, benefits, fees, and how to use it for deposits and withdrawals.

Does Blackbull Accept FXPay?

Yes, Blackbull accepts FXPay for both deposits and withdrawals. Traders can fund their accounts and withdraw profits securely using FXPay. FXPay is known for its secure transactions, fast processing, and integration with forex trading platforms. It facilitates low-cost payments and multi-currency support, making it a convenient choice for traders.

However, withdrawals can only be made to FXPay accounts registered in the same name as the trading account or a joint account.

In addition to FXPay, Blackbull supports over 19 payment methods, including FXPay, Mastercard, Apple Pay, Google Pay, Bank Transfer, Skrill, Neteller, UnionPay, USDT, FasaPay, Crypto, and SEPA. So a trader can choose any of the deposit methods and can make deposits and withdrawals.

Key Features of the FXPay Payment Method on Blackbull

• Deposit Time: Instant to 48 hours- Funds are reflected in your trading account immediately, enabling quick account funding.
• Withdrawal Time:  Instant to 48 hours, ensuring efficient access to your funds.
• Deposit & Withdrawal Fees: Blackbull does not charge any fees for deposits but charges withdrawal fees of only $5 made via FXPay.
• Minimum Deposit: $1
• Maximum Deposit: Unlimited
• Minimum Withdrawal: $10
• Maximum Withdrawal: Unlimited
• Available Currencies: EUR, USD
• Availability: Indonesia, Malaysia, Thailand, Vietnam

Pros & Cons of Using FXPay with Blackbull

Pros:

• Fast and Secure Transactions: FXPay payments are processed quickly, allowing for swift deposits and withdrawals, ensuring traders don’t experience unnecessary delays.
• Widely Accepted: FXPay is one of the most globally recognized payment methods, making it available in many countries and accessible for a large number of traders.
• No Deposit Fees: Blackbull does not charge fees for deposits made via FXPay, which helps reduce the cost of trading.
• Strong Security: FXPay uses robust security measures, including encryption and fraud detection systems, providing peace of mind when making transactions.
• Convenient and Easy to Use: FXPay cards are easy to use, and traders can make deposits and withdrawals directly from their bank accounts, making transactions straightforward.

Cons:

• Withdrawal Fees: While deposits are typically free, there may be fees associated with withdrawing funds to your FXPay card, depending on your country or bank policies.
• Processing Times for Withdrawals: FXPay withdrawals can take longer to process compared to some other payment methods like e-wallets, which may be an inconvenience for traders needing quick access to their funds.
• Currency Conversion Fees: If the transaction involves converting currencies, FXPay may charge currency conversion fees, which could increase the overall transaction cost.
• Not Available in All Countries: Although FXPay is widely accepted, it may not be an option in certain regions, which could limit its accessibility for some traders.
• Bank Restrictions: Some banks may impose additional restrictions on transactions related to online trading, which could affect FXPay users’ ability to deposit or withdraw funds smoothly.

How to Deposit Funds via FXPay on Blackbull

To deposit funds via FXPay into your Blackbull trading account, log in to My Account, go to the “Funds” tab, select “Add Funds,” choose FXPay as your deposit method, and follow the on-screen instructions to complete the transaction. FXPay is a secure and convenient payment option that allows traders to fund their accounts instantly.

Step 1: Log in to Your Blackbull Account

Visit the Blackbull website and log in to your trading account using your email and password. If you don’t have a Blackbull account yet, you must register and verify your identity before depositing funds.

Step 2: Go to the Deposit Section

Once logged in, go to the “Funds” or “Deposit” section in the Blackbull My Account dashboard. This is where you will find all available payment options. From the list of deposit methods, select FXPay as your preferred payment method.

Step 3: Enter the Deposit Amount

Next, enter the amount you want to deposit. Blackbull allows FXPay deposits in multiple currencies, but it’s best to deposit in the same currency as your trading account to avoid FXPay’s conversion fees. Blackbull does not require any minimum deposit. However, the broker recommends a minimum deposit of $200 or equivalent for optimal trading. 

Step 4: Complete the FXPay Transaction

After entering the deposit amount, click “Proceed”, and you will be redirected to FXPay’s secure payment gateway. Here, you must log in to your FXPay account and authorize the payment. Make sure that your FXPay account has sufficient funds or is linked to a valid bank account or credit card for a smooth transaction. Once confirmed, FXPay will process the payment instantly.

Step 5: Funds Credited Instantly

Once the transaction is successfully completed, the funds will be instantly credited to your Blackbull trading account. You will receive a confirmation email from both Blackbull and FXPay regarding the transaction status. The funds will be available for trading immediately.

To learn more about deposits on Blackbull, including different payment methods, currencies, and jurisdictions, you can read our Blackbull Deposit Guide

How to Withdraw Funds from Blackbull to FXPay

To withdraw funds from your Blackbull trading account to FXPay, log in to My Account, navigate to the “Funds” tab, select “Withdraw Funds”, choose FXPay as your withdrawal method, and follow the on-screen instructions to complete the process. Withdrawals via FXPay are processed efficiently, ensuring a secure and convenient transaction for traders.

Step 1: Log in to Your Blackbull Account

Visit the Blackbull website and log in to your account using your registered email and password. Ensure that your account is fully verified before proceeding with the withdrawal request.

Step 2: Go to the Withdrawal Section

Once logged in, go to the “Funds” or “Withdraw” section in the Blackbull My Account dashboard. Here, you will find all available withdrawal options. Select FXPay as your preferred withdrawal method.

Step 3: Enter the Withdrawal Amount

Enter the amount you wish to withdraw from your trading account. Ensure that your FXPay account supports the currency you are withdrawing to avoid any potential currency conversion fees. Blackbull does not charge withdrawal fees for FXPay transactions, but FXPay may apply its fees based on your account type and location.

Step 4: Confirm and Submit Your Withdrawal Request

After entering the withdrawal amount, click “Proceed” to confirm your request. Blackbull will process your withdrawal and send the funds to your linked FXPay account. Make sure that your FXPay account details are correct to avoid delays.

Step 5: Receive Your Funds in FXPay

Once your withdrawal request is approved, the funds will be transferred to your FXPay account. Typically, FXPay withdrawals from Blackbull are processed within 24 hours. However, it may take additional time for FXPay to reflect the funds in your balance, depending on your FXPay account status and verification.

To learn more about withdrawing funds from Blackbull, including available payment methods, supported currencies, and jurisdiction-specific policies, read our Blackbull Withdrawal Guide

Which Countries Can Use FXPay for Deposits and Withdrawals on Blackbull?

BlackBull Markets supports FXPay for deposits and withdrawals in Indonesia, Malaysia, Thailand, and Vietnam. Traders from these countries can use FXPay to fund their accounts securely and efficiently. However, FXPay is not available outside these regions, as it is primarily designed for Southeast Asian markets. Traders from other regions will need to explore alternative payment methods offered by BlackBull Markets.

Who is the FXPay Payment Method Suitable For?

The Blackbull FXPay payment method is best suited for:

✔ Traders who prefer fast and secure transactions. FXPay offers instant deposits and quick withdrawals, ensuring smooth and timely access to trading funds.

✔ International traders looking for a convenient payment solution with multi-currency support. FXPay supports multiple currencies, making it ideal for global traders looking to manage funds across different regions.

✔ Traders who want a user-friendly and efficient payment platform. FXPay’s interface is simple and intuitive, allowing traders to easily manage their transactions with minimal hassle.

✔ Investors seeking secure and reliable payment methods. FXPay employs advanced security features and fraud protection to ensure safe and secure transactions for its users.

What Payment Methods Are Available at BlackBull Markets?

Besides FXPay, BlackBull Markets offers multiple payment options, including:

• Visa – Accepted for fast and secure deposits.
• Mastercard – Convenient for instant payments.
• Apple Pay – Quick and secure payments via Apple devices.
• Google Pay – Easy mobile payments for quick deposits.
• Bank Transfer – Available for domestic and international transactions.
• Skrill – E-wallet for fast and secure transactions.
• Neteller – Secure and efficient for online payments.
• UnionPay – Ideal for traders from China and certain Asian regions.
• USDT – Available for crypto deposits and withdrawals.
• BPAY – An Australian payment method for fast and secure transfers.
• SEPA – Available for European Union-based transactions.
• Crypto – Supports various cryptocurrencies for flexible payments.
• Airtm – A global e-wallet for seamless transactions.
• Hexopay – Secure and efficient online payment processing.
• AMEX – American Express for premium card transactions.
• Payment Asia – A regional payment gateway for Asian traders.
• Local Bank Transfer – Facilitates deposits and withdrawals through regional banks.
• Help2Pay – A fast and reliable payment solution for Southeast Asia.
• Fasapay – A digital wallet for instant forex transactions.
• Boleto – A popular payment method in Brazil.
• Beeteller – A localized Brazilian payment solution for forex traders.

For a complete overview, check our detailed guide on BlackBull Markets Payment Methods.

Frequently Asked Questions (FAQs)

What is Blackbull?

Founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman, BlackBull is a forex and CFD broker that enables the trading of over 26,000 instruments including forex, CFDs, real stocks, and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. Social trading is through BlackBull CopyTrader and ZuluTrade. Trading tools such as free VPS and Autochartist are provided. To learn more about Blackbull Markets, you can read our review where we have covered features, pros, cons, and more.

What is FXPay?

FXPay is a digital payment gateway designed to facilitate secure and efficient financial transactions for individuals and businesses, particularly in the forex and online trading industries. It allows users to deposit and withdraw funds in various currencies through multiple payment methods, including credit/debit cards, bank transfers, and e-wallets. FXPay aims to simplify the payment process for traders and investors, offering fast transaction times and competitive fees. With robust security features like encryption and fraud protection, FXPay ensures the safety of user data and funds. It is a reliable solution for forex traders looking to manage their funds across different platforms and markets.

Does Blackbull Charge Any Fees for FXPay Deposits?

No, Blackbull does not charge deposit fees for FXPay transactions. However, FXPay may apply its own transaction or conversion fees.

How Long Does It Take to Process a deposit and withdrawal on Blackbull?

The deposit on Blackbull is instant. Withdrawals via FXPay are typically processed within 24-48 hours by Blackbull. However, the final processing time depends on FXPay’s internal system.

Is There a Minimum or Maximum Deposit Limit for FXPay on Blackbull?

The minimum deposit of Blackbull Markets is required $1, Blackbull has an Unlimited maximum deposit limit. You can deposit as much as you like via FXPay. 

Can I use FXPay to make deposits and withdrawals in different currencies?

Yes, FXPay supports multiple currencies. However, conversion fees may apply if your trading account currency differs from your FXPay balance.

Can I withdraw funds via FXPay if I deposited with another method?

No withdrawals must be made using the same payment method used for deposits due to anti-money laundering regulations.

Final Verdict

Blackbull is a forex, CFD broker, and online trading platform that provides traders with a fast, secure, and widely accepted way to fund their trading accounts and withdraw profits using FXPay.

Blackbull’s integration with FXPay allows traders to make instant deposits and fast withdrawals, with strong security measures in place. As one of the most recognized payment methods globally, FXPay offers a reliable and efficient way to fund trading accounts, with no additional deposit fees from Blackbull. However, withdrawal processing times may vary depending on the bank and region.

Best For: Traders who need instant deposits, fast withdrawals, and a globally trusted payment method.

Not Ideal For: Traders in regions where card withdrawals are restricted or those who prefer bank transfers for larger transactions.

FXPay’s reliability and ease of use make it a popular payment option for Blackbull traders. Whether you’re a scalper, day trader, or long-term investor, FXPay offers a secure and straightforward way to manage your trading funds.