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Western Union Forex Brokers

If you prefer to trade by making payments and send money online without compromising any of your sensitive financial information, Western Union is an ideal solution. Today, many online brokers accept Western Union 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 Western Union as a payment method, take a look at these brokers below.

IFC Markets3 min read

IFC Markets provides its customers with financial instruments trading services both on organized trading floors and outside of them using NetTradeX trading platform and MetaTrader 4 and MetaTrader 5 platforms. The company strives for market leadership and provides its customers with the best service and trading conditions, largely being a pioneer in its field of activity.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:400 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 1British Virgin Islands

NAGA3 min read

NAGA ever since its inception, in 2015, has been all about making the world of trading, investing and managing financial assets open and much easier for everyone. Regulated by CySEC, you will find a safe and reliable platform with many advanced features and tools compared to other platforms. An interesting addition to their portfolio of financial products is NAGA Group, a Fintech group trading on Frankfurt Stock Exchange. They use the NAGA Coin within the NAGA Wallet and NAGA Ecosystem.
Demo: Yes \ Crypto: Yes \ Social: Yes \ Leverage: 1:300 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 100Cyprus

XTB3 min read

XTB Group is a world leader in Forex and CFD trading. They started out as X-Trade in 2002, then subsequently went through a merger to become XTB in 2004. They have offices in over 13 countries all over the world, and are regulated by the largest financial regulatory authorities in the world, including FCA in the UK, as well as national regulators in a range of other European countries.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:200 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 250Belize

HY Markets3 min read

HY Markets (HYCM) company provides a variety of financial services in more than 140 countries. HY Markets brokerage company headquarters are located in London, Hong Kong and Cyprus. HY Markets is regulated by the British Economic Control Authority, Cyprus Securities and Exchange Commission, Cayman Islands Financial Authority, Dubai Financial Regulatory Authority, and Supervisory and Regulatory Authority of Saint Vincent and Grenadines business companies.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:300 \ Scalping: No \ Hedging: No \ Deposit: $/€/£ - 100United Kingdom

ForexTime4 min read

ForexTime or FXTM is an international professional who provides an expanded range of online trading and investment services in the international currency market for clients from 99 countries. The main advantages are fast processing of orders under the best conditions, reliability, convenience and a wide range of services in the personal workspace. Broker ForexTime has a solid license and a good reputation for customers, as evidenced by positive reviews. Traders will have access to a wide range of trading instruments. You can use currency pairs, precious metals, futures, contracts for difference. The total number of trading instruments is more than 100.
Demo: Yes \ Crypto: Yes \ Social: Yes \ Leverage: 1:1000 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 100Cyprus

eToro4 min read

eToro one of the world's largest social networks for traders, which has a reputation as a reliable CFD broker registered in Cyprus. Developers position the company as a network of social trading, where you can independently trade currencies, stocks, cryptocurrencies, indices, goods, copy transactions of successful traders or investors, and discuss trading and investment decisions.
Demo: Yes \ Crypto: Yes \ Social: Yes \ Leverage: 1:400 \ Scalping: No \ Hedging: No \ Deposit: $/€/£ - 100Cyprus

Opteck3 min read

Opteck has been operating since 2011, offering trading on its own platform «Market Maker». Opteck is driven by the goal of advancing the trading capabilities of its customers using education and technology. For beginners, a training program is provided that opens after free registration in the system. Thanks to its many features and excellent support, trading with Opteck provides great benefits to investors who are experts in CFD contracts. The broker is regulated by organizations such as IFSC and CySEC, which is a good sign.
Demo: Yes \ Crypto: No \ Social: No \ Leverage: 1:500 \ Scalping: No \ Hedging: No \ Deposit: $/€/£ - 250Cyprus

AvaTrade3 min read

An international company with a turnover of $20 billion is automatically credible. A company registered in Ireland entered the global financial market in 2006. Customers can choose from several types of platforms. Beginners begin to get acquainted with the intricacies of working on a financial exchange with a demo account. Due to these features, reviews about the AvaTrade broker are mostly positive.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:400 \ Scalping: No \ Hedging: Yes \ Deposit: $/€/£ - 100Ireland

HF MARKETS4 min read

The work of HF Markets is regulated by CySEC and has the necessary international license from this organization, according to which the broker has the right to provide investment services around the world. The company provides software and tools for trading Forex and trading commodities online. All company customers can use the interbank market spreads and access to liquidity using modern automated platforms. It is possible to choose favorable conditions for trade. All orders are executed instantly through ECN/STP systems.
Demo: Yes \ Crypto: Yes \ Social: Yes \ Leverage: 1:1000 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 50Saint Vincent And The Grenadines

About the payment system

World-famous Western Union (WU) is a financial company that provides many e-wallet services to its customers. The company is headquartered in the United States and is also known by the company as the best currency exchange in America. There is more than one department within the company. There are various types of payments, such as person-to-person (P2P), money transfers, payments for business and commercial services, so in principle a person can choose among many different payment methods for purchases. Western Union has been in the currency exchange business for over 100 years. This means that from the very beginning of the 19th century, the company has been dominant in this type of business.

Currently, users can use the Western Union official website to make various money transfers or send or receive money, you can also pay your bills or even purchase gift cards. More than 10 million people around the world enjoy the services of Western Union. However, in order to maintain the number one rank in the currency exchange business, Western Union decided that it was time to “penetrate” online services and thus created a service called BidPlay. It was introduced in 2004 and thanks to it you can make any purchases on the Internet or replenish your online trading account for trading. The platform has undergone major changes, back in 2007 due to security issues.

Over time, Western Union decided to conquer a different front – mobile services and mobile funds transfer services. After all, there are now more than 800 mobile service providers in 218 countries, which show an approximate number of about 2.6 billion people using mobile devices.

The platform itself is actually very large and even a person without special knowledge in phones will not have any problems with use. There are also various text notifications that you can use. The platform is actually connected to different eWallet platforms (e-wallets), so you will have more freedom when it comes to Western Union services and account financing.


Western Union Rating Brokers