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The world of Forex is full of different types of opportunities when it comes to payment methods. There are hundreds of different Forex brokers around the world, each of them offering their users diverse ways of payment methods. As the field further develops, there are more and more payment methods that are coming into play. One of the newest payment methods on the market is Verve, which was established only 11 years ago. To learn more everything about this payment method, please read this guide carefully and follow our tips!
Verve is a payment method that was established in Nigeria 11 years ago, through the years, it managed to become one of the main payment methods of the country and as of today, it is very popular among the citizens of Nigeria. Because of such huge popularity, there are more and more Forex brokers trying to adopt this payment method. By doing so, they have a whole new demographics that they can attract to their Forex trading platforms!
How to find the best Forex broker that accepts Verve payments?
Sadly, there are not so many Forex brokers that accept Verve. However, we still worked very hard to do a research and finally were able to offer you a list of the best Forex brokers that accept this payment method. Check out the list below!
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
Licences
FCA, ASIC, CySEC, FSCA, FMA, MAS
Min. depo
$100
Leverage
1:30
Platform
WebTrader, Windows 10 Trader
Plus500
How to make a Verve payment?
To fund your Forex trading account with Verve is a very simple procedure that can be done by anyone, even those who have just started trading and are new to the field. All you need to is to:
- Go on the website of the broker
- Choose Verve as your payment of choice
- Follow the instructions, and you will be good to go
Paying with Verve is very similar to paying with Mastercard or Visa. There is some authentication that you might need to provide, for example, once you have put in all the card credentials, there might be a special code sent to your mobile phone that can be used to approve the payment. The payment does not take a long time and there are not so many fees that will be charged from your account.
How much are the fees?
It depends, there are many different brokers and all of them charge different amounts of fees. While making a deposit on the Forex trading account via Verve there might be no fees applied to the payment at all, on the other hand, there are some FX brokers who charge fees.
What you can do is to carefully check the website of the broker to get the detailed information regarding the fees that are charged for payments. Although there are not so many FX brokers accepting Verve, we still managed to come up a list of the brokers that you should try out.
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
Plus500
Min. Depo
$100
Licences
FCA, ASIC, CySEC, FSCA, FMA, MAS
Leverage
1:30
Platforms
WebTrader, Windows 10 Trader
Exness
Min. Depo
$10
Licences
CySEC, FCA, SFSA
Leverage
1:2000
Platforms
MT4, MT5
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
Where can Verve FX brokers be used?
Verve is a Nigerian company, mostly offering its services to the people of Nigeria. it was established in 2009 and since then, Verve managed to become a very active part of every day lives of people of Nigeria. In 2013, the company reported having over 20 million cards in circulation and aces to over 119,631 points of sale.
The company is working very hard to have access to the international market but for now, it can be used at its best in Nigeria. Because of a huge following that it managed to get in the country, there are many brokers operating in Nigeria that are using this payment method on their platforms. In the future, Verve has the ability to further develop in the region and around the world as well. Verve also offers its services to Kenya, Uganda, Gambia, and others.
What is Verve E-Wallet and how can it be used?
Great news for those enjoying Verve accepting Forex brokers is the fact that Verve also offers its users an online version of the card. With this wallet, clients of the company have the ability to manage all of their cards in one place. You can enjoy 1-touch transactions using E-Wallet of Verve, you can recharge on the with just one touch, transfer money in a few seconds, and so on!