ProForexBrokers

Webmoney

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This list features forex brokers that accept deposits and withdrawals via WebMoney.

Brokers supporting Webmoney

WebMoney is a digital wallet and online payment system, launched in 1998, that traders can use to fund and withdraw from a forex trading account online.

How WebMoney works

WebMoney holds funds in separate "purses," each tied to a specific currency, so a single account can manage several currencies at once. Opening an account requires registration and identity verification before purses can be created and used to send or receive funds.

Setting up WebMoney

  1. Register for a WebMoney account and complete identity verification.
  2. Create a purse for each currency you plan to use.
  3. Fund the purse, then use it to deposit with or withdraw from a broker that accepts WebMoney.

Using WebMoney with a forex broker

Brokers that support WebMoney let traders move funds directly between a WebMoney purse and their trading account, without going through a bank card or wire transfer. The multi-currency purse structure makes it easier to hold and move funds in the currency you trade in.

Things to check before using WebMoney

  • Fees vary by currency and transaction type — check WebMoney's fee schedule and the broker's terms before transferring.
  • Regulation of digital wallets differs by country, which can affect where WebMoney is available or how transactions are processed.
  • Learning curve — the range of purses and features can be confusing for first-time users.

Choosing a broker that supports WebMoney

Not every broker accepts WebMoney, so check a broker's accepted payment methods before opening an account. Broker ratings can help you compare which brokers support WebMoney alongside other factors such as fees and reliability.