The online payment solution provider WebMoney was introduced in 1998 and it enables you to do transactions without a bank account or credit card. You just have to get a WebMoney purse to pay for products and services. There are many advantages to funding your forex account through WebMoney. Some of the key ones are as follows:
- Instant money transfer
- Allows transactions in multiple currencies
- Adds another layer of privacy and convenience
- Very low fee for transferring money
Top Online Forex Trading Brokers That Accept Webmoney Payment
| Broker | Info | Bonus | Open Account |
|---|---|---|---|
 | Min Deposit: $1 Spread: From 0 Pips Leverage: 2000:1 Regulation: FCA UK, CySEC, FSP, BaFin, CRFIN | 35% of the account Deposit | Visit Broker |
 | Min Deposit: $1 Spread: From 0 Pips Leverage: 3000:1 Regulation: CySEC, ASIC, IFSC | $100 No-Deposit Bonus, 100% Deposit Bonus | Visit Broker |
 | Min Deposit: $300 Spread: floating, from 0 pips Leverage: 500:1 Regulation: FCA UK reference number 579202 | Visit Broker | |
 | Min Deposit: $5 Spread: Starting 0.1 pips Leverage: up to 1000:1 Regulation: MFSA, Labuan FSA, BVI FSC, VFSC | Visit Broker | |
  | Min Deposit: $200 Spread: From 3 Pips Leverage: 400:1 Regulation: NFA, FCA, CySec | Visit Broker | |
 | Min Deposit: $100 Spread: Starting From 0.9 pips Leverage: 400:1 Regulation: MIFID, FSB & ASIC | Visit Broker | |
 | Min Deposit: $100 Spread: From 0,2 Pips Leverage: 1:200 Regulation: FCA UK (#186171), CySEC (#259/14), CIMA (1442313) and DFSA (F000048) | 10% Welcome Bonus up to $5,000 | Visit Broker |
Having said that, here is a list of the best forex brokers that accept WebMoney deposits and withdrawals in 2018:
#1: AvaTrade
AvaTrade, a pioneer in online forex trading since 2006, provides great trading experience to the traders in the retail segment. The forex broker that enjoys a trust score of AAA enables currency, CFD, and social trading, and spread betting on their platforms. AvaTrade website is used by as many as 200,000 traders.
Broker Type – Market Maker
Regulation – Central Bank of Ireland; Financial Futures Association, Japan; FSB, South Africa; ASIC, Australia; and ISA, Israel
Platforms – MetaTrader 4, WebTrader, Mobile Apps
Minimum Deposit – $250
Deposit/Withdrawal Options – Bank Wire, PayPal, WebMoney, Skrill, Credit Card, Neteller, Prepaid Master Card, etc.
Spreads – Fixed and Variable
Lowest Spreads for EUR/USD – 0.7 pip
#2: FBS
FBS, an international forex broker, has a presence in over 197 countries around the world. The online forex company boasts of 6,000,000 traders (clients) and 130,000 partners. For Muslim traders, the broker provides swap-free accounts or Islamic accounts. FBS was founded in 2009 and they do not offer financial services to people in the USA, Belize, and Japan.
Broker Type – ECN/STP, DMA/STP, MM
Minimum Deposit – $1 for Cent Account
Deposit/Withdrawal Options – Visa/Master Card, Neteller, Skrill (7.5% commission), Webmoney, Perfectmoney, OKPAY, FBS Exchanger, Wire Transfer, YuuPay (3% commission), etc.
Maximum Leverage – 3000:1 for Micro, Standard, and Zero Spread Accounts
Minimum Lot Size – 0.01
Spreads – Fixed and variable
Lowest Spreads – Floating from -1 pip for ECN accounts
#3: Exness
Founded in 2008 in St. Petersburg, Russia, the Exness Group had a monthly trading volume of more than US$180 billion by the middle of 2014. As many as 15,000 traders open accounts across the world on Exness website. The broker offers trading in over 120 financial instruments with record-tight spreads for some of the main forex pairs.
Broker Type – ECN
Regulation – FCA, UK; CySEC, Cyprus; BaFin, Germany; AFM, Netherlands, KNF, Poland; etc.
Minimum Deposit – $1
Deposit/Withdrawal Options – Bitcoin, EXCARD, Wire Transfer, Visa and Master Debit/Credit Card, Internal Transfer, Perfect Money, Neteller, WebMoney, Skrill, and CashU
Maximum Leverage – up to 2000:1
Minimum Lot Size – 0.01
Spreads – 0.0 pip for ECN accounts; 0.1 for Classic account; 0.3 for Cent and Mini accounts
#4: eToro
The online forex broker eToro offers trading in currencies, indices, commodities and CFD stocks. More than 6 million users from many countries around the world make use of the online forex broker’s website. The company was founded in 2006 in Tel Aviv. One of the key features of eToro is the social investment platform with Copy-Trading feature that it offers.
Broker Type – Market Maker, STP, NDD
Regulation – CySEC, CySEC; MiFID, Europe; CFTC, US; FCA, UK; NFA, US; ASIC, Australia
Platforms – eToro OpenBook, eToro WebTrader, eToro Mobile Trader
Minimum Deposit – $50
Deposit/Withdrawal Options – Bank Wire Transfer, Credit/Debit Card, Skrill, Moneygram, PayPal, Neteller, Webmoney, Western Union
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 3 pips
#5: FXOpen UK
In 2013, FXOpen launched its online trading platform. FXOpen UK, based in London, is regulated by the Financial Conduct Authority in the UK.
Broker Type – ECN/STP
Regulation – FCA, UK
Platforms – Three versions of MT4
Minimum Deposit – $300
Deposit Options – Bank Wire Transfer, Credit/Debit Cards, WebMoney, Neteller, Skrill, Payza
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – Starts from 0 pips
#6: IQOption
IQOption, a leading online trading platform provider, offers a wide range of digital options, including stocks, currency pairs, and ETFs. The company, established in 2013, now has 25.58 million registered users from 231 countries that execute 1.8 million trades in a day. The monthly trade volume as of 2017 was approximately $380 million.
Regulation – CySEC, Cyprus
Platforms – Proprietary Platforms, Mobile Platforms
Minimum Deposit – $10
Deposit Options – Visa and Master Debit and Credit Cards, Cash-U, Neteller, FasaPay, iDeal, QIWI, Skrill, WebMoney, and Wire Transfer
Leverage – 500:1
Spreads – Starting from 0.5 pips
What is WebMoney
WebMoney Transfer, commonly referred to as WebMoney, is a worldwide settlement system. Established in 1998, it provides an environment for executing online business transactions. WebMoney supposedly has over 36 million users. The payment unit is called WM-units. More than one hundred thousand online products and services providers accept WebMoney payments. The payment settlement system also works with online financial service providers, web-based trading platforms, P2P payment solutions, merchant services, and online billing systems. WebMoney Transfer is owned by WM Transfer Ltd.
Registration on the WebMoney platform is simple and easy. You just have to follow these steps:
- Visit www.wmtransfer.com website.
- Click on the sign-up button.
- Enter your mobile number with the international code (whenever you initiate a transaction, a verification code will be sent to you for safety reasons).
- Registration can also be done through popular social networks.
- Fill in your personal details in the form.
- Confirm your email id and phone number.
- Choose a secure password.
For every transaction, WebMoney charges a small fee. It amounts to 8.0 percent of the amount being transferred. However, the minimum fee is 0.01 WM and the maximum is 50 WM. The payment settlement company makes available different purse types depending on the currency involved. For example, WMZ, a Z type purse holds US dollars and WMX holds Bitcoins.
You can fund your WebMoney account through bank cards (both Visa and Mastercard), cash-in terminals, Internet banking, electronic money, bank wire, WebMoney exchange offices, money transfer systems, and prepaid cards and vouchers. Withdrawal from WebMoney is enabled through bank cards, cash, bank wire, money transfer systems, and electronic money.
Deposits into your account in WebMoney are effected instantaneously except for transfers through bank wire and money transfer systems, which take about a day. Typically, withdrawal is processed in three days to your bank cards and bank accounts by wire transfer, two days to money transfer systems, and one day by cash into your stock exchange. Withdrawal into WebMoney card, WebMoney offices, cash via bank, and electronic money are done instantaneously.