| Updated: September 15, 2025- Jump to:
- How to Deposit
- How to Withdraw
- Pros of Using ePay
- Cons of Using ePay
- Fees and Limits
- ePay Chargeback
- Security
- Conclusion
Are you looking for regulated and trustworthy forex brokers accepting ePay? Our expert team of traders tested many forex brokers using real accounts and compiled a list of the best among them that accept ePay.
Plus500 USThis content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.- eToro61% of retail investor accounts lose money
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- Pepperstone75.5% of retail investor accounts lose money
ePay is an electronic payment system that has provided secure and convenient payments for more than two decades. It was launched in 1999, and since then it has helped millions of people pay their bills online, purchase products from different websites, and even invest money in their forex trading accounts.
The company focuses on providing everything required for hassle-free card and bank-transfer processing online, which makes it a viable solution for forex traders. The payment gateway caters to the needs of users in Bulgaria and is fully certified by Trustwave to provide its services.
How to fund a forex account with ePay
One of the interesting things about this system is that users can opt for two methods to make payments or deposit money into their accounts – they can either link a debit or credit card to their ePay account or open a microaccount and deposit funds into it. Both methods have their pros and cons, so it is up to you to decide which option best suits your needs.
Those who insist on keeping their card details private simply need to link their credit or debit card to their account. That way, forex traders are spared the hassle of entering their banking data each time they wish to make a payment; instead, they are prompted to log into their ePay account and authorise the transaction.
Regarding the microaccount, traders should be aware that it has three levels. The difference between them is the amounts users are allowed to send, spend and withdraw. Needless to say, forex traders who wish to benefit from higher limits will need to upgrade their status. Some traders will be pleased to learn that once they reach the third level there is no limit on the amount they can send or withdraw from their microaccount.
What is more, as you progress through the levels you will pay lower fees for your transactions via ePay.
If you intend to trade on the forex market and have decided to give ePay a try, first you will need to load funds into your microaccount. The options are plentiful: traders can add funds via bank transfer, by using the credit-card form, or by visiting any Easypay office. You can also top up your account at an ATM by entering both the B-pay code (15005) and your personal identification number. All these methods, except bank transfer, result in the instant transfer of funds.
Once you have ensured that your microaccount holds sufficient funds, you need to transfer some of them to the broker you have chosen. First, log into your trading account and navigate to the section for deposits and withdrawals. You will be asked to enter the amount you wish to deposit and to choose ePay as your payment method. When the pop-up window appears, log into your ePay account using your credentials. Specify whether you wish to complete the transaction through your microaccount or with the debit card you have already registered. Finally, authorise the transaction.
How to withdraw from a forex account using ePay
Traders are unlikely to encounter any difficulty when initiating a withdrawal via ePay. First, go to the banking page, specify the amount you would like to cash out and provide your account number. One drawback, however, is that you will be able to access your money only after it has been transferred to your microaccount.
Once the funds have arrived in the microaccount balance, traders can decide whether to transfer the money back to their bank account or to receive it in cash. If you prefer the latter, you can collect the cash from any Easypay office.
Although some brokers allow withdrawals via ePay, this is not always the case. Therefore, check whether the trading platform supports the method for cashouts before you start trading.
Benefits of using ePay for forex trading
Before you start using ePay, it is worth weighing up its benefits and drawbacks when trading forex. This will help you decide whether it is right up your street.
First and foremost, ePay excels in security. The company has introduced a wide range of measures to ensure that your funds are transferred with the utmost protection. Users can benefit from one-time passwords and codes sent via SMS, and in the unlikely event of fraud you can take advantage of insurance.
Another feature many will appreciate is that it allows users to remain anonymous at all times, as all you need to complete a transaction is your account number.
Moreover, payments through ePay are very fast, allowing traders to focus on forex trading almost immediately. Cashouts, where supported, are also relatively quick compared with methods such as bank transfers. Another perk is that it is easier for traders to organise their bankroll because, in most cases, the method is available for withdrawals as well.
If you are a forex trader with a busy schedule, you will also appreciate the dedicated apps for iOS and Android devices. The apps can be downloaded directly from Google Play and the App Store, allowing you to manage your transactions at any time and from any place. Additionally, the apps are free of charge.
Disadvantages of using ePay for forex trading
One of the biggest downsides of the payment method is that it is focused on a single domestic market. Unfortunately for Bulgarian traders, ePay is not well known outside the country, so it should not come as a surprise that there are not many forex brokers that accept deposits through ePay. Therefore, finding a broker that facilitates deposits and withdrawals via the payment gateway can be difficult.
Another factor that might deter traders from using ePay is that withdrawals are not always available. Needless to say, this can be inconvenient, as traders may have no option but to choose another payment method.
Forex traders should also pay attention to the fees that may arise when making deposits and withdrawals via ePay. Bear in mind that some brokers impose commissions on transactions through the gateway, so it is wise to check this in advance.
Fees and limits when using ePay to trade forex
Although some traders pay little attention to the fees and limits of their preferred banking solution, this should be one of the first things you consider before using any payment method for forex trading.
Opening an ePay account is free of charge, but a fee applies when you add funds to your microaccount. One of the best aspects of ePay is that the charges you pay when depositing funds are minimal.
If your card is issued by a Bulgarian bank, you will pay a fee of 1.2% or 2% of the amount, depending on the issuer. If your credit card is serviced by a foreign authorisation centre, the fee is 2.9%. Transfers from another microaccount or via an Easypay office are free of charge. The same applies to bank transfers, provided you have linked an IBAN to ePay.
Certain fees also apply when withdrawing funds through Easypay. However, these fees decrease as you upgrade your microaccount level.
It is difficult to provide concrete figures for the minimum and maximum amounts traders can upload with ePay, as the limits vary significantly between the different forex trading platforms.
ePay chargeback on a forex account
If you are new to forex trading, one piece of advice you will hear repeatedly is that traders must be able to distinguish good brokers from rogue ones. Although this might sound straightforward, some brokers are adept at deceiving traders. Therefore, when examining a broker you wish to join, pay close attention to the licences it holds. Nevertheless, a licence does not guarantee that you cannot be defrauded.
If you find yourself in this predicament, you can contact the relevant regulator for assistance. Matters become more complicated if your account is with a broker based abroad and you have lost your profit or deposit; while not impossible, it is much harder to resolve the issue.
One alternative is to request a chargeback. Thankfully, ePay users can do this by filing an objection, but you must do so within 14 days of encountering the issue. As mentioned above, ePay users also benefit from insurance against fraud.
Security when trading forex with ePay
Security is crucial for online payments, so let us briefly outline the measures ePay uses to safeguard transactions and personal details. One way to ensure your payments are carried out securely is to activate payments with an SMS code. Each time you make a payment you receive a code that is valid for 15 minutes.
Those who want extra protection should consider activating DPass from their profile. This feature generates one-time passwords that must be entered quickly, as they are valid for only 30 seconds. Note, however, that you can use this measure only after downloading one of the apps.
Every registered client receives a unique client identification number (CIN) used to authorise payments. You also choose a username and password, which are stored securely in ePay’s encrypted database.
Another guarantee of safety is that none of your banking information is exposed to the broker when depositing or withdrawing funds via ePay.
Conclusion
ePay has enjoyed a long-standing presence in the field of online payments. A primary reason for its popularity among traders is its exceptional security. Moreover, the payment method is highly versatile: in addition to forex trading, it can be used to pay utility bills, traffic-police fines and more. The main drawback, however, is that the service is aimed solely at users from Bulgaria.