Offshore forex brokerage LiteForex said on Monday it has adopted the 1-Tap system from online payment wallet Skrill, which enables a one-click payment option for clients who use credit cards or Skrill. The new service can be used for the depositing of funds, but is not available for withdrawals.
Traders who are owners of several credit cards and a Skrill account can choose which one to use when funding their accounts via the 1-Tap system.
Skrill is among the most widely-used digital payment methods in the forex trading market. It was set up in 2001 as Moneybookers, but was rebranded in 2010. It allows money transfers in nearly 200 countries and 40 currencies. The company is headquartered in London and has offices in Europe and the US. It is regulated by the UK Financial Conduct Authority (FCA).
Skrill’s 1-Tap system is designed for instant payments with just a single click. The system is optimized for all devices.
In addition to Skrill, the broker also allows deposit and withdrawal transfers via bank wire transfers, Visa, MasterCard, and Maestro bank cards, and a wide selection of e-payment systems, including Neteller, Qiwi purse, WebMoney, OKPay, TBL, Moneta,ru, and others.
LiteForex, set up in 2005, is a brand of LiteForex Investments Ltd., which is registered and regulated in the Marshall Islands. The Marshall Islands are known as an offshore destination where many forex brokers choose to be regulated.
Its product portfolio includes a wide range of trading instruments, such as forex, indices, precious metals, oil, and contracts for difference (CFDs).
Other brokers that provide Skrill as a payment method include XM, FxPro, IronFX, FXTM, HotForex, and FX Choice.