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WebMoney is one of the electronic payment systems popular with Forex traders. The company was established in in Belize, whereby WebMoney transactions do not require a bank account or a credit card. WebMoney users get their so-called individual purse account to pay for services, goods, commodities, products, etc. When you send money to a person, you are exposed to a small fee of 0.
Fast money transfers, or instant transfers to be more exact, are one of the advantages of WebMoney. Deposits and withdrawals are transferred smoothly, and money arrives quickly to your account. They support six currencies including the euro, USD, Belarusian ruble, rur, etc. Users also enjoy greater protection and privacy whereby they do not have to give credit card information to their broker.
If you use WebMoney as your Forex e-wallet, it is not going to be connected to your credit card, but acting as an independent method. Fees are kept at a minimum with WebMoney. Moreover, some brokers cover these fees for their clients. As WebMoney was designed for the Russian market, it is still one of the most convenient payment methods in Eastern Europe and Russia.
Off- shore brokers are also very fond of Web Money and use it very often for their payments. WebMoney Forex brokers are glad to offer this payment method, especially if they have clients in Russia or Eastern Europe and even wider.
Forex brokers have to make themselves available to any target group, whether they come from China, India, or Australia, etc. Forex brokers understand their global role and the nature of the market and try to enable access to anyone who would like to participate and invest some money. This includes acceptance of the native currency if possible , enabling the desired payment method, and more often customer support in the native language. Forex brokers have made all these clever moves to increase their trader community and expand as a globally renowned brokerage company.
Some of the broker companies are indeed known worldwide and have clients all over the world, trying to win over even more clients. Let us check out some of the WebMoney Forex brokers who made a good name and who possess other top qualities besides payment methods. Sign Up. Traders and interested persons can find decent brokers who accept WebMoney as a payment method, and some of them will be listed below. It is located in Mauritius and supervised by the FSC, the top Asian regulator who makes sure that brokers comply with international rules.
This is important since it means that European traders can have a taste of how things are done in the East, but retaining their Western legal rights. The Asian broker offers 8 kinds of platforms MT4, a browser platform, mobile platforms, etc. Not only do the Asian brokers offer familiar platforms, but they have a similar account structure as well. Several account types can be found with this broker, and they do not differ from European accounts.
Spreads can be very low, e. Not all forex brokers will offer WebMoney as a transaction method. In order to fund out which broker offers WebMoney, simply go to the Banking page to see if WebMoney is a listed transaction method.
The WebMoney system does not require the use of a credit card or a bank account. All payments on the WebMoney system are final and cannot be reversed. Therefore, it is impossible to secure chargebacks on a broker account for unauthorized transactions. This is why WM Transfers Ltd has invested heavily in the user authentication process at WebMoney to ensure that the chances of unauthorized transactions occurring are very low indeed. But not all brokers accept it. Here we have compiled a list of the very best WebMoney Forex brokers.
Advertising Disclosure Advertising Disclosure. This page may not include all available products, all companies or all services. FX Empire Editorial Board. At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Scroll for more details. MT4, MT5. No dealing desk. Sponsored Sponsored. Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients. FXTM Review. Introduction: What is WebMoney? Benefits of Choosing a Broker that Accepts WebMoney Here are benefits to choosing a broker that accepts WebMoney: Provides a secure way of depositing and withdrawing funds from a forex trading account with fast turnaround times.
WebMoney boasts of some of the most advanced methods of user authentication, providing added security for accounts. The WebMoney network has recently been integrated with the Bitcoin network. Low transaction costs. WebMoney charges 0. The WebMoney wallet is also easy to fund. Top Brokers. Best Brokers. Best Forex Brokers. Best Forex Platforms. Best CFD Brokers. Best Spread Betting Company. Best Crypto Trading Brokers. By Country. New Zealand. South Africa. Kuwait Brokers. Hong Kong.