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When it comes to Forex trading, one of the most important things is the safety of your funds. To ensure that your funds can be safe, you need to make sure that you use a payment method that can be trusted. There are many different available payment methods around the world and today, we will be talking about Webmoney supported Forex brokers.
Since its establishment in 1998 in Russia, the company has grown a lot and managed to attract people from all over the world. As of today, there are more than 10,000 people who are daily starting to use Webmoney. In total, the number of customers of the company exceeds 40 million. If you want to learn more about everything about Webmoney, follow this guide carefully!
Webmoney can be used for many different purposes and Forex trading is certainly one of them. Many of the traders are choosing this method of payment because of the level of security that it offers, for many, it stands as a perfect alternative for other similar payment methods, like Skrill, PayPal, Neteller, and more.
Because of many different layers of authentication, Webmoney is thought to be one of the safest payment methods on the market and many online Forex brokers are using Webmoney as a payment method!
What are the best brokers that accept Webmoney payments?
There are many Forex brokers that might be considered to be one of the best ones on the market. Below, you can access our list of the best Forex brokers that accept this payment method!
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Min. depo
$5
Leverage
1:888
Platform
MT4, MT5, WebTrader
XM
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Min. depo
100 USD
Leverage
400:1
Platform
MT4, MT5
AvaTrade
What is the best part of using Webmoney FX brokers?
One of the greatest things about using Webmoney is the safety that it offers. There are many things that can be enjoyed while trading with the Webmoney brokers, but among them the most important are:
- Users of Webmoney can enjoy same-day deposits and withdrawals
- There are several methods of user authentication for your own safety
- It also offers users card-free method of transactions for both users and can also be used for making payments on merchant accounts
With so many benefits, Webmoney managed to become very popular around the world very easily. Originally, it was created especially for the Russian market, but soon, it caught the interest of many and as of today it is actively used in many different fields.
How can I fund the Webmoney Forex account?
Compared to its rivals, Webmoney might not be as popular, however, it is gaining a lot of attention from different Forex brokers. Before you are able to start sending money to your trading account, something that you will need is to create a Webmoney account. To do so, the first thing that you will need to do is to provide the country you are from and your phone number. Then, enter your birth date, email, address, and pick a security code.
You will also need to provide the confirmation code that was sent to your phone number, you will create a password and you will be able to start paying money to your Webmoney account. Once you have done so, you will be able to top up the Webmoney Forex trading account.
What are the fees applied to payments made with Webmoney?
When it comes to fees, in many cases, they depend on the broker itself. However, there might also be some fees that are charged by a payment system that you are using. For example, for Webmoney users, for every transaction, there is a fee of 0,8%. Also, you should always keep in mind that this fee might be different for different types of currencies, so, a great thing to do is to always check the information regarding the fees before you start trading.
The knowledge that you have is very important when it comes to Forex trading, so always be sure to double-check every information that you have. Check the website of brokers very carefully so that there is not anything that you do not know before you start trusting them with your funds!
What are the currencies available at Webmoney?
Webmoney uses virtual currency on their E-Wallet system. For example, the currency code of EUR on Webmoney will be WME, and for USD, it will be WMZ. There are many other currencies available on the platform, all of them having their own special names.
If you still having a hard time deciding which broker to use for your future Forex trading, we have great news for you. Our list of the best Forex brokers can help you out a lot, check it right now.
XM
Min. Depo
$5
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Leverage
1:888
Platforms
MT4, MT5, WebTrader
AvaTrade
Min. Depo
100 USD
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Leverage
400:1
Platforms
MT4, MT5
Exness
Min. Depo
$10
Licences
CySEC, FCA, SFSA
Leverage
1:2000
Platforms
MT4, MT5
FundedBull
Min. Depo
49 USD
Licences
N/A
Leverage
N/A
Platforms
MT4, MT5, cTrader
Forex.com
Min. Depo
$100
Licences
NFA, CFTC, FCA, FSA, IIROC and CIMA
Leverage
1:50
Platforms
WebTrader, MT4, MT5
CMTrading
Min. Depo
250 USD`
Licences
FSCA
Leverage
1:200
Platforms
MT4, WebTrader, Copykat
Plus500
Min. Depo
$100
Licences
FCA, ASIC, CySEC, FSCA, FMA, MAS
Leverage
1:30
Platforms
WebTrader, Windows 10 Trader
How secure can trading with FX brokers accepting Webmoney can be?
Safety is one of the most important aspects when it comes to choosing the best broker. For the safety of the platform, the security of the payment method is vital. Something that makes Webmoney more secure than other payment methods is the many different layers of authentication that is needed to make a payment.
For example, while creating an account, you will be given a special number that you will need for the rest of your time with Webmoney. Also, one-time passwords are sent to you via SMS, there are many different types of security codes that you can also use while sending money.
While using Webmoney, you will not have to provide the information of your card to the Forex broker, which makes trading even more trustworthy. Also, you are the one who decides what part of the information about you can be exposed to other participants of the transaction, this and many other things make using Webmoney a very safe choice.