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Forex Payment Methods
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Many potential forex traders get discouraged by the roughness of opening a real money account with a forex broker. This is because most brokers use ancient payment methods like checks or wire transfers that are very expensive and slow. Besides, those brokers have minimum requirements for account opening starting from $1,000 or more, due to the cost of the money transfers. |
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There are also innovative brokers that felt the necessity of introducing some modern and accessible payment methods, that are fast, secure and cost effective. These methods also allow small deposits of even $25 without high fees. While a wire transfer costs around $30 and takes a week to process, the modern payment methods (known as e-wallets) allow instant payments with fees as low as a few cents. |
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Here are the best brokers who accept the major e-wallets, direct credit card deposits or other alternative payment methods: |
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Moneybookers is a very popular online payment method that allows instant payments at almost no costs, as well as receiving funds. Not many brokers accept Moneybookers as a deposit or withdrawal method, but we have selected the ones who do: brokers accepting Moneybookers |
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PayPal is probably the most popular e-wallet, with millions of users around the globe. Pay Pal is fast, low cost and secure, and it is an excellent method of making online payments or receiving money. Here is a list with the best forex brokers accepting Pay Pal |
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Neteller is a very popular e-wallet in Europe, and it is wide spread in the online gaming industry because of the instant payments with low fees and high security. We have found some trusted forex brokers accepting Neteller |
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Credit card payments are probably the most convenient way to pay online for many people. For those who want to deposit directly with their card, here are the best brokers accepting credit cards |
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WebMoney is a very popular E-Wallet in Russia and around the world. If you want to deposit into your forex account using WebMoney, we have chosen the best forex brokers accepting WebMoney |
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Liberty Reserve is a popular online payment method. If you are looking for forex brokers accepting Libverty Reserve you are in the right place. Here are the best forex brokers accepting Liberty Reserve |
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Western Union is a very popular money transfer service around the world, and it is very convenient for people who don't have a bank account. If you want to use Western Union to trade forex you can open an account at one of the forex brokers accepting Western Union |
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