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WePay is a very popular US-based payment method, which was established in 2008. The idea behind the company is to make payments more accessible, easier, and safer. There are a number of Forex brokers accepting WePay deposits the amount of the is growing every day.
The company is a privately held company and offers payments for both business platforms and individuals, the company offers safe, secure, and fast payments through APIs. If you want to learn more about this payment method and the brokers that accept it, follow our guide carefully!
What are the best WePay Forex brokers?
Finding the best Forex broker that fits all your needs is not an easy thing. To make sure that your job gets a lot easier, we have come up with a list of the best Forex brokers that you can check out 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
What are the benefits of using WePay?
When it comes to online payments, there can be a lot of things to enjoy. However, here are the top advantages of using WePay Forex brokers:
- The payments can be made super fast using WePay
- You can have multiple accounts inside your account to use them for different purposes
- The fees are very competitive
What are the things that you should know before using WePay for Forex trading?
When it comes to disadvantages, one thing that comes first to mind is the fact that the company does not have a phone number for the customer support team, which makes contacting them a little hard. When it comes to Forex trading, you need to be able to contact the support team whenever you need, so that you can get the help exactly when you need it.
How does WePay work?
WePay is a means of collecting electronic payment with very simple few steps. You can simply put money on your WePay account and use it from there very easily and securely without having to show your credentials to third parties. The main idea behind creating this payment method was to make payments as simple as possible.
The team that established this payment method has worked very hard to see the disadvantages of other payment methods like, for example, PayPal and did their best to create a platform that could offer online payments without having the same problems.
WePay offers companies to directly accept and process payments through a customizable application on their own websites. With this, companies no longer have to share user information with payment providers and get the payments directly.
Where can you use WePay supported Forex brokers?
The company mostly operates in the US, the UK, and Canada. However, most of the brokers that accept this payment method are also based in the USA. Also, the payments are made only in the USD with WePay.
Because of the fact that the payment method is available in such a few countries, not everyone has access to it. However, FX broker that is trying to offer citizens of these countries their services is making sure to adopt this payment method on their platform. Below, we have listed some of the best FX brokers that are accepting this payment method, check it out and start trading 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
Is your personal information are with WePay?
The representatives of the company have claimed many times that for them the safety of their customers’ personal information is very important. They have taken a number of safety and security measures to make sure that your personal data ais kept safe at all times. During transactions, the company uses cryptographic algorithms and the serves are kept in PCI and SSAE16 certified data centers with 24/7 monitoring.
The company makes sure that the system is running smoothly by testing it frequently and making sure that their devices are in line with the regulations and requirements that they have taken.
How to create a WePay account?
If you want to top-up the Forex trading account via WePay, you will first need to create a WePay account. It is a very simple and easy process, which can be done in a very few and easy steps. While registering, you will have to provide your personal information, like your name, last name, email, and you will also have to create a password.
Then, you will have to submit the registration from your email address, and that’s it!
Before starting Forex trading using WePay, do not forget to fund your WePay account.