Best Perfect Money Forex Brokers
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Nowadays, brokers offer a plethora of options to fund and get paid. One of the most popular in this regard is Perfect Money, a globally identified and trusted brand for e-wallet transfers.
Perfect Money is a simple-to-use and convenient online payment facility for all types of clients, further allowing methods of safely storing funds and currency conversion.
Aside from observing forex brokers accepting Perfect Money, this article will also concisely cover other guidance on choosing the best broker using this payment channel.
Top 5 Forex Brokers That Accept Perfect Money
RoboForex
Founded: 2009
Location: Belize
Currency Pairs: 32
EURUSD Spread: 0.2 pips
Leverage: Up to 1:300
Established in 2009, RoboForex is a no-fuss, straightforward forex broker. Some of the broker’s selling points include tight spreads, fast order execution, different asset classes, and dedicated analytics, educational, and tools selections.
With a provision of various types of accounts to suit different investors, RoboForex caters to everyone, making it a decent choice for trading.
Pros
- Offers several accounts
- Very low minimum deposit
- Flexible leverage
- Provides different trading platforms
- Traders can fund with various base currencies
Cons
- Limited selection of currency pairs
- Regulated by an offshore regulator
Read more about RoboForex in this review
easyMarkets
Founded: 2001
Location: Cyprus
Currency Pairs: 62
EURUSD Spread: 0.9 pips
Leverage: Up to 1:400
easyMarkets was established in 2001 and continues to bring innovative products to the industry, including free guaranteed stop losses, no slippage deal cancellation on unique derivatives, freeze rate, and other perks.
These are available on their proprietary easyMarkets trading platform, allowing users to trade CFDs in over 200 markets, options, and forwards. Alternatively, they also provide the standard MT4 with the same features any trader would expect from a trusted, regulated and multi-asset broker.
Pros
- Offers negative balance protection
- Provides free guaranteed stop loss orders
- Offers unique trade cancellation feature for certain trading derivatives
- Small minimum deposit
- High leverage
Cons
- Restricted to offer services in many countries
Read more about easyMarkets in this review
Fort Financial Services
Founded: 2010
Location: Belize
Currency Pairs: 50
EURUSD Spread: 0.3 pips
Leverage: Up to 1:1000
Fort Financial Services has proudly described itself as the ‘citadel’ trading since 2010 for all experience levels of active and non-active traders in currencies, stocks, crypto, commodities, and indices investing.
Some of the broker’s advantages include competitive spreads, numerous account offerings (which comprises investments), flexible leverage, ultra-fast execution, a wide range of instruments, etc.
Despite some niggles here and there, FortFS is a suitable broker for users wishing to use it with Perfect Money.
Pros
- Fee-free deposits and withdrawals for most payment methods
- Different accounts available
- Offers unlimited leverage
- Decent minimum deposit
- Offers various accounts
Cons
- Licensed by an offshore regulator
- 1% commission for Perfect Money transfers
Read more FortFS in this review
FXChoice
Founded: 2010
Location: Belize
Currency Pairs: 36
EURUSD Spread: 1.0 pips
Leverage: Up to 1:200
FXChoice has been in the business since 2010, expanding its services beyond forex by also brokering crypto, stocks, commodities, and indices. Aside from their brilliant competency as a brokerage, FXChoice continually seeks to be a pacesetter through other services like trading signals, copy trading, and pre-installed expert advisors.
FXChoice claims to rapidly process their clients’ orders through NDD (no dealing desk) technology, meaning no conflict of interest exists. Overall, the broker is excellent for users looking for a diversified trading experience.
Pros
- Traders can open accounts in several fiat and cryptocurrency denominations
- Offers different trading services
- Provides many depositing and withdrawal options
- Zero spread account available
Cons
- Lower leverage than most brokers
- Limited range of currency pairs
Read more about FXChoice in this review
Fusion Markets
Founded: 2019
Location: Australia
Currency Pairs: 90
EURUSD Spread: 0.1 pips
Leverage: Up to 1:500
Despite only being founded in November 2017, Fusion Markets is one of the prominent Australian-based brokers. They are a company basing much of their branding on drastically lowering the cost of trading forex and other instruments, claiming to be 36% than their competitors, and even having the slogan ‘stop paying too much to trade!’
The broker has evidently achieved this vision by having no hidden fees, no minimum deposit, fee-free deposits, tight spreads, offering a zero spread account with low commissions, etc. Overall, the ‘Fusion Formula’ is low-cost trading, friendly support, and leading technology.
Pros
- ASIC-regulated
- $0 minimum deposit
- Offers copy trading
- Provides ‘white glove’ support
- No fees on deposits
- Offers zero spread account
Cons
- Lean offering of educational tools
- Does not offer negative balance protection
Read more about Fusion Markets in this review
Advantages of using Perfect Money forex broker
Perfect Money is one of the formidable e-wallet services globally for cost-efficient, super-quick, and accessible payment solutions for individuals and businesses. The financial services provider began in 2007 and now competes with the likes of PayPal, Skrill, and Neteller.
One of the most important things for any e-wallet transfer service is low fees, to which Perfect Money excels. Once someone’s Perfect Money account is funded, most brokers do not charge any commission for deposits and withdrawals.
Perfect Money allows users to fund their balances through numerous methods, namely bank wire, e-voucher, credit exchange, credit/debit cards, Bitcoin, and authorized forex partners. Users can withdraw using the same channels with reasonable fees.
As expected, the deposit and withdrawal clearance times are typically instant or not longer than 10 minutes on rare occasions. Perfect Money permits EUR/USD exchanges for anyone storing or needing to transfer these respective currencies.
The minimum required deposit through Perfect Money is typically the lowest the broker generally accepts. The payment service expectedly fares well with much larger deposits. Lastly, Perfect Money allows users to transact without providing personal information, albeit with limited features and slightly higher transfer fees.
Things to consider before choosing Perfect Money to make transactions
For users who don’t verify their account through providing private data, internal transfers through brokers cost 1.99% of the amount. Payments with verified accounts are charged at 0.5% per transaction.
Like most payment services, it’s much quicker and cheaper to fund a Perfect Money account with a supported credit/debit compared to other options like bank wire, Bitcoin, etc., which generally incur higher costs. As briefly mentioned, brokers accept the minimum deposit through Perfect Money.
Something else worth considering is the currency exchange. It’s wise for clients to transfer in the currency their account is denominated in to avoid any conversion fees that tend to be slightly higher.
For instance, if the account with their broker is in USD, their balance on Perfect Money must also correspond. Finally, it’s useful for traders to check if their specific broker might have other conditions for using Perfect Money.
How to choose the best forex broker accepting Perfect Money
Below are the main considerations when choosing the best forex broker accepting Perfect Money:
Proper regulation:
Often, the first observation when dealing with a financial services provider is verifying their licensing.
The most trusted and recognized bodies in forex for supervising brokers include the likes of ASIC (Australian Securities and Investments Commission), CySEC (Cyprus Securities and Exchange Commission), FCA (Financial Conduct Authority), and a few others primarily in North America and Europe.
Reasonable trading costs:
The most consistent charge for trading forex is the spread, which fortunately is quite competitive across the board. However, a comparison is warranted for less traded pairs like exotic and a few other cross pairs.
Depending on the type of account, commissions may also need to be compared with a few providers to ensure reasonable rates. Like spreads, swaps are fairly consistent with the vast majority of brokers, though a comparison is necessary for less traded pairs.
The other costs traders would want to avoid are high depositing and withdrawal fees and inactivity charges.
High number of available markets:
The more the merrier when it comes to the selection of currency pairs available. This also applies to non-forex instruments, which traders may consider switching to or diversifying with in the future.
Accessible customer service:
In the current climate of the internet, a constantly functioning and responsive live chat option is a must, along with telephone numbers and email.
Conclusion
Due to the popularity of Perfect Money, more brokers will probably carry on accepting this option. Deciding on the method of funding is only a small part of choosing a broker. Thus, this article is also a guide on the right things traders should observe before committing.
In creating this material, we performed thorough research using every broker on the list, paying careful attention to their overall security, fees, features, ease of use, markets, conditions, and customer support.
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