WebMoney Binary Options Brokers

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WebMoney Binary Options Brokers

Below is a list of recommend binary options brokers that allow WebMoney deposits and withdrawals:

WebMoney transactions cannot be reversed which goes a long way in explaining why they are favored as a transaction method by binary options brokers. Let’s look at WebMoney deeper.

WebMoney or WebMoney Transfer (WMT) is global online payment services provider. Founded in 1998 in Belize, Central America, WebMoney is said to have over 22 million users. The payment system was initially set up to cater for clients in the former Soviet Republic and Russia following the breakup of the U.S.S.R in 1991. However over the years, its usage has expanded to cater for a global clientele.

Besides from being popular in Russia and countries in the Commonwealth of Independent States (CIS), WebMoney usage is also popular in the U.S and Vietnam. In addition to providing a means of transferring funds online, WebMoney also provided other online services like internet based trading platforms, merchant services, online billing systems and P2P payment solutions.

With WebMoney, it is possible to have multiple accounts in different types of currencies such as the Euro, U.S dollar or Ruble.’ Each of these accounts are known as “purse” and are denominated in WebMoney equivalents such as euro-equivalents (WME), US Dollar-equivalents (WMZ) and ruble-equivalents (WMR) basing on our example above. Money that are received or sent through a WebMoney account is known as “WM units. Although it is free to receive money, sending WM units to other accounts will incur a small transaction fee.

To deposit funds into a WebMoney account, this can be done through traditional methods of fund transfers such as bank wire transfer, money order, cash payment at authorized exchange offices or converted from other forms of e-money. Account holders if they wish can also purchase WebMoney cards (WM Cards) in amounts of $10 to $100 to top up their WebMoney account.

WebMoney maintain offices all around the world in countries such as France, Germany, Greece, Israel, Japan, Spain, the Netherlands, UAE and U.S. For transactions in rubles, they are underwritten by the Moscow office WMR LLC. Amstar Holdings Limited based in Panama underwrites transactions that are in Euros and U.S dollars.

As WebMoney transactions do not require any credit card or banks details, they are relatively secured online and is said to be impervious to certain scams. Unlike transactions made through PayPal or credit cards, WebMoney transactions cannot be reversed. This is perhaps one of the main overriding reasons why people choose to use WebMoney to receive payments. The same reason could also possibly be applicable as to why some binary brokers prefer WebMoney over PayPal.

Binary Options Brokers that Accept WebMoney

Any good broker accepts funds in a variety of different ways. The easier the broker makes it for the traders to place deposits and withdrawals, the more desirable that broker is to the trader. This is a multifaceted area where speed of withdrawals and fees charged by the broker are also as important as the types of payment methods that the broker accepts. More and more brokers are accepting funds from ewallets in addition to wire transfer, credit and debit cards. Ewallets or electronic wallets make moving money as simple as a click of the mouse. Many ewallets are in fact cheaper to use than the classic methods of wiring or transferring funds. This is why ewallets are such a popular way for brokers to accept funds. You will find most brokers accept a variety of ewallets including WebMoney, Payza, Paypal, Neteller, Payoneer and others besides.

In this article we will look at the benefits of using WebMoney and also take a look at the brokers that accept this payment method.

Best Binary Broker with WebMoney

WebMoney is an easy way to start trading binary options for real money. Please note that not every broker accepts this payment type. Here’s several brokers that do accept WebMoney that we recommend as a trading partner.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

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  • Binomo
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The Benefits of Electronic Payments

In many parts of the world people cannot make international deposits or are limited in the ways that they can remit and transfer funds. This is where e-wallets come in as a simple and fast way to transfer funds. The beauty of using electronic payment methods such as WebMoney is that you never have to release your private bank details or credit card details to any broker or company. Look at this way, you wouldn’t show a man you meet on the street your bank details, so why then should you send them to a company you really know nothing about? Regulated binary options brokers are safe and secure in many ways, as they are obliged to implement layers of security to protect you, however a company is only as safe as the employees that work there.

How WebMoney Works

WebMoney has two main streams, one is for personal use and the other for business. Opening an account for business differs than opening an account for personal use. This is because businesses must prove that they are paying tax at the source, they also need to send a VAT and business number to prove that they are a registered business. In the UK all businesses are registered with Companies House. When you open a company you are giving a personal identification number for your company. This must then be sent to WebMoney. As a business using WebMoney you can accept payments, make payments, use the system to manage your budget and use it as a work management tool. Payments are fully secure which should users minds at rest.

Opening an Account with WebMoney

WebMoney has a variety of different wallet types available. The type you choose depends on the currency you are using to deposit and withdraw.

If you open a WebMoney account as an individual, the process is much easier. You will of course have to verify the bank account which the funds will be taken from and moved to. This is a simple process and you can be up and running within a matter of a few days. With the personal account you Top-up your credit on WebMoney, which in effect turns it into a debit card. This means no money will ever be taken from your bank or credit card but will be taken directly from the debited funds in your WebMoney account. You can use WebMoney to pay for bills like TV license, gas bills and of course to fund your binary options account with specific brokers. You can withdraw funds from WebMoney to your bank or credit card. WebMoney also give loans to users that request them, after credit checks and also have a function which allows you to raise funds for charities or events.

WebMoney was set up in 1998 and since then they have been used by over 32 million across the globe. The website has an excellent feature showing the statistics of users that have joined and used the system over the years. The image below shows the number of transactions conducted in 2020 alone.

On the day of writing this article, over 103,000 transactions have been processed. This shows that WebMoney is a very serious payment provider and one that is clearly trusted by many.

How to deposit with WebMoney

When depositing funds from your bank with WebMoney you will not be charged by the system, although you may be charged by your payment provider. This usually takes 1-2 working days for the payment to be processed. Additionally WebMoney has set up agreements with various money exchange or cambio shops, whereby you can exchange cash money for a top up to your account. There is a fee charged by the exchange point but not by WebMoney. In some countries you can deposit funds through the local cash machine. Deposits can be made a variety of currencies including EUR, USD, RUR (Rubles).

How to Withdraw with WebMoney

When it comes to withdrawing funds from WebMoney there will also be charges by the agent responsible for the processing that means either the bank or exchange point. Withdrawing funds using WebMoney is simple, just select WebMoney as your payment method on the withdrawal page of your brokers website.

WebMoney Compared To Other Deposit Methods

There are many options for ewallets and WebMoney is slightly different to them in the way that you use it as a top up card so you can only use funds which you have moved into your WebMoney account. For that reason WebMoney is cheaper to use than other payment providers, including Paypal.

Conclusion

Depositing and withdrawing to you broker’s account is simple using WebMoney. It is almost instant to open an account and once you do you can start trading straight away.

  • What are the brokers accepting WebMoney?

Some of the leading binary options brokers that accept WebMoney include:

Yes. WebMoney has various layers of security that can protect your login and personal details including secret keys and passwords.

  • Are there any limits using WebMoney?

No. You can use it as much as you want if you have the funds available in your WebMoney account

Webmoney Binary Options Brokers

Webmoney is an online payment system that is used extensively in binary options trading. It was launched in 1998 and is supposed to have over 31 million users worldwide.

It was first launched exclusively for clients in Russia and other countries in the Soviet Union. However, it has since evolved into a globally accepted method of secure payment, especially in binary trading.

It differs from traditional methods of online payment in that it doesn’t need a credit card or even a bank account connected to it in order to operate. Instead, the platform works using its own currency known as WMunits. These can be used as virtual currency which can be converted into real money when making a withdrawal.

It is known for supporting accounts in the US as well as hundreds of other countries around the world. A lot of binary options brokers use this payment method.

Best Binary Options Brokers That Accept Webmoney

24Option – this broker has been operating since early 2020. It is based in the country of Cyprus, famous for its many well-regulated binary options brokers. The broker makes use of the excellent Tech Financials trading platform, and offers payments in a variety of different currencies. It doesn’t have support for traders from the US or Australia. 24Option has a low minimum deposit and a great maximum investment limit. The broker makes use of the WebMoney payment system along with a couple of others such as Mastercard, Visa, Skrill and other online payment methods as well as direct bank transfers.

IQoption – A broker that has been in operation since it launched in 2020. It has its base in the Seychelles, and is known among traders for its extremely low minimum deposit amount. The broker has no support for traders in Japan, the US, Canada and some Middle Eastern countries. It is regulated strictly by the famous CySEC agency. It uses its own custom made trading platform, and is known for excellent returns, a friendly interface as well as a nice array of interactive learning features and tools. The broker supports payments made through WebMoney along with a couple of other platforms like credit cards, Skrill, Mastercard, Bank transfer, and CashU.

Finpari – Started in 2020, Finpari is one of the best-known names in the game. It is one of the few to accept traders from the USA. It uses the SpotOption trading platform and has a low minimum deposit fee. It accepts WebMoney payments, PayPal, Skrill, Neteller and all of the other payment methods common to binary options brokers.

More Webmoney Binary Options Brokers

Stockpair – This broker has been in the game since the year 2020. Based in Cyprus, it is known for its proprietary Stockpair trading platform. It has a low minimum deposit required, and offers payments to traders in 3 different currencies. The broker doesn’t support trading accounts in the US owing to certain regulations. It has one of the biggest ranges of learning materials for new traders, and some very high rated customer support. It also supports WebMoney along with Neteller, bank transfers, Skrill and credit cards.

OptionRally – OptionRally has been up and running since 2020. It uses the famed SpotOption trading platform. Based in Cyprus, the broker offers payouts to traders in a number of different currencies. Owing to regulations, it cannot support trading accounts from the US. It does have support for WebMoney as well as many other payment options.

Binary Options Brokers that Don’t Accept Webmoney

Boss Capital – founded in 2020, this is a great broker that uses the Tech Financials platform. They accept traders from the US as well, but don’t have support for Webmoney. They accept a number of other methods though.

Porter finance – Launched in 2020, they use the SpotOption platform (Gen 2) with many trading signals. While they don’t have support for WebMoney, they accept other payment methods.

Webmoney vs. Bank Wire

The main perk with WebMoney compared to bank wire transfer is that payments are instant. Bank transfers can take days to process. Another advantage is that webmoney deposits have no fees while bank wires usually cost at least $30.

The best alternative to Webmoney is Paypal. You can fine a list with all paypal binary options brokers here.

Conclusion

WebMoney is a platform that is perfect for the people without a credit card. If you are looking for a payment system that meets your needs without needing a bank account or card details, this is the system for you.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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