Best Forex Brokers Accepting WebMoney 2019

FX Empire Editorial Board
Last Update:
At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. Here’s how we make money.
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.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

FXTM

Regulated By:CySEC, FCA, FSC

Foundation Year:2011

Headquarters:FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus

Min Deposit:$10

Visit Broker

90% of retail CFD accounts lose money

90% of retail CFD accounts lose money

eToro

Regulated By:ASIC, CySEC, FCA, MiFID

Foundation Year:2007

Headquarters:Kanika International Business Center 7th Floor, 4 Profiti Ilia Street Germasogeia, Limassol, Cyprus

Min Deposit:$200

Visit Broker

75% of retail CFD investors lose money

75% of retail CFD investors lose money

Alpari

Regulated By:FSC

Foundation Year:1998

Headquarters:Mauritius

Min Deposit:N/A

Visit Broker

Your capital is at risk

Your capital is at risk

RoboForex

Regulated By:IFSC

Foundation Year:2009

Headquarters:2118 Guava Street, Belama Phase 1, Belize City, Belize

Min Deposit:$10

Visit Broker

Your capital is at risk

Your capital is at risk

WebMoney Forex Brokers Comparison Table

Scroll for more details
BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
FXTM
Visit Broker>

90% of retail CFD accounts lose money

CySEC, FCA, FSC

$10

1:30

MT4, MT5

2011

ECN, STP

Visit Broker>

90% of retail CFD accounts lose money

eToro
Visit Broker>

75% of retail CFD investors lose money

ASIC, CySEC, FCA, MiFID

$200

1:30

cTrader, Currenex, eToro Platform, Keystone, Marketspulse, Mirror Trader, MT4, MT5, Tradologic, Zulutrade

2007

Market Maker, No dealing desk, STP

Visit Broker>

75% of retail CFD investors lose money

Alpari
Visit Broker>

Your capital is at risk

FSC

$null

1:1000

MT4, MT5

1998

ECN, STP

Visit Broker>

Your capital is at risk

RoboForex
Visit Broker>

Your capital is at risk

IFSC

$10

1:2000

cTrader, MT4, MT5, Proprietary

2009

Dealing Desk, DMA, ECN, Market Maker, No dealing desk, STP

Visit Broker>

Your capital is at risk

Introduction: What is WebMoney?

WebMoney is an electronic means of exchange as well as a digital wallet, which was originally developed in Russia by WM Transfer Ltd in 1998. WebMoney provides a secure means of transacting on forex accounts, and is boosted by its multiple layers of authentication, which give this digital wallet added security.

The unit of currency of WebMoney is WMZ. Users can exchange their WMZ units to cash using any of the WebMoney exchangers located in several countries, or can convert their WMZ units to other digital currencies on exchange portals. WebMoney also issues a debit MasterCard which can be used to cash out WMZ units in conventional currencies.

Why Use WebMoney as Your Deposit/Withdrawal Method?

One of the great benefits of using WebMoney is that it provides an avenue for users to conduct same-day deposits and withdrawals from their forex accounts and in a very secure environment. WebMoney provides several methods of user authentication, some of which can be set by the user as their unique digital signature. This way, it is virtually impossible for unauthorized transactions to be conducted on a forex account using a user’s WebMoney details.

As a Russian-based e-payment system that serves the global community, it also provides a card-free method of transaction for users as well as can serve as a method of making payments on merchant accounts.

Benefits of Choosing a Broker that Accepts WebMoney

Here are benefits to choosing a broker that accepts WebMoney:

  1. Provides a secure way of depositing and withdrawing funds from a forex trading account with fast turnaround times.
  2. WebMoney boasts of some of the most advanced methods of user authentication, providing added security for accounts.
  3. It is a multi-currency platform which supports transactions in Japanese Yen, US Dollars, Euros, Russian and Belarussian Rubles as well as Vietnamese Dong.
  4. The WebMoney network has recently been integrated with the Bitcoin network.
  5. Low transaction costs. WebMoney charges 0.8% minimum on deposit transactions, but withdrawals are free.
  6. The WebMoney wallet is also easy to fund.

How to Pick A Decent Broker With WebMoney

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. Alternatively, you can check the FAQ page of the preferred broker or contact the broker’s customer support.

WebMoney Chargeback on Broker Account

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.

Conclusion

If you don’t have a bank account or a credit card, WebMoney is an excellent means of funding your broker account. But not all brokers accept it. Here we have compiled a list of the very best WebMoney Forex brokers.

IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US