Forex Brokers Accepting WebMoney deposits/withdrawals
WebMoney is an online payment solution, which become available not so long ago, in 1998.
WebMoney transactions do not require a credit card or bank account, and any user can get a WebMoney "purse" to pay fro may services and products nowadays. Receiving webmoney, also known as "WMZ" (for US currency) from someone is free; sending WebMoney to other accounts incurs a 0.8% fee, or a minimum of 50 WMZ.
If you don't have a WebMoney account, you can always get one at WebMoney official website.
Why use WebMoney as your deposit/withdrawal method?
Funding a Forex account with WebMoney has certain benefits:
- instant money transfer - convenient for traders as well as Forex brokers: when you make a deposit, it's credited to your Forex trading account very fast, and when you withdraw you'll get the money fast as well.
- it add extra layer of convenience & privacy, since you don't share credit/debit card information with your Forex broker.
- if you have a business which earns WMZ for you, it's convenient to pay in WMZ to a broker.
- very low money transfer fees also contribute to the above advantages. In addition, there are Forex brokers who will refund your expenses with WebMoney when you make a deposit.
Below is the list of Forex brokers with WebMoney deposit/withdrawal options:
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WebMoney vs Paypal Forex account funding?
Webmoney deposit fee is significantly lower - 0.8%, compared to Paypal - 0.5%-7.4% based on destination and currency. So why traders choose Webmoney vs Paypal?
reason #1 - WMZ tend to accumulate on users' accounts, and so traders try paying with WMZ whenever possible. If a broker accepts both Webmoney and Paypal, 90% of traders (who have WMZ) will choose Webmoney deposit method.
reason #2 - lower fee. See above.
reason #3 - even better client privacy than with Paypal, as there are no bank accounts or credit card information being shared.
reason #4 - Paypal doesn't work with all countries, and works partially (only sending, but not receiving money) with many other.
Further read: Paypal Forex brokers
Do you know another WebMoney Forex broker?
Please suggest by adding a comment below.
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