If you prefer to trade by making payments and send money online without compromising any of your sensitive financial information, WebMoney is an ideal solution. Today, many online brokers accept WebMoney as a funding method for trading accounts, giving you the ability to make instant, secure deposits and withdrawals at the touch of a button. Withdrawals can take from a couple of hours to 1-3 days depending on the broker. If you need a forex broker that accepts WebMoney as a payment method, take a look at these brokers below.
About the payment system
WebMoney Transfer (WMT) was launched in Belize in 1998 and is primarily intended as an electronic payment method to attract customers from Russia. Since its inception, this financial service has skyrocketed so that it now has a customer base that exceeds nearly 22 million customers. Thanks to so many advantages, Webmoney has very easily been able to become very popular all over the world. These days, many brokers support the WebMoney payment system as one of the preferred methods of transferring funds electronically.
Choosing your preferred payment system is important, experts still advise that you should study and compare all the key features of those brokers that offer WebMoney. The best way to achieve this goal is perhaps to study reviews of all brokers of interest by performing any applicable Internet search.
In addition, you will also find that any brokers that accept WebMoney also offer many other ways to deposit and withdraw funds. Therefore, you need to evaluate each of them well in order to find out which system will best satisfy your trading goals and aspirations.
When evaluating alternative payment systems, you should ideally focus on assessing their security, transparency and honesty. WebMoney is considered to be business-friendly and is mainly focused on the B2B market. WebMoney has gained an impressive reputation over the years in all of these aspects. This payment system is very simple and easy to use. It should also be carefully noted that professional traders believe that choosing a financial institution is a very important task. Therefore, you should carefully evaluate the brokers that accept WebMoney.
Key WebMoney benefits
With WebMoney, you can have several accounts in different types of currencies, such as dollar, euro or rubles. Each of these accounts is known as a “wallet” and is expressed in WebMoney equivalents such as Euro equivalents (WME), US dollar equivalents (WMZ) and ruble equivalents (WMR), based on our example above. Money received or sent via WebMoney is known as “WM”. Although it is free to receive money here by sending WM units to other accounts, a small transaction fee will be charged. Registration of an electronic wallet in the system is free for individuals.
To deposit funds into your WebMoney account, this can be done using traditional methods of transferring funds, such as bank transfer, postal order, cash at authorized exchange points or converted from other forms of electronic money. Account holders, if they want, can also purchase WebMoney cards (WM-cards) in the amount of $10 to $100 to replenish their WebMoney account.
WebMoney has offices around the world in countries such as France, Germany, Greece, Israel, Japan, Spain, the Netherlands, the UAE and the United States. For operations in rubles, they are guaranteed by the Moscow office of WMR LLC. Amstar Holdings Limited, based in Panama, is the guarantor of transactions in euros and dollars.