Best Perfect Money Brokers 2024

Perfect Money is an online payment solution designed for individuals and merchants. It offers many services including loans, currency purchasing, money transfers and online transactions. Our e-wallet review focuses on its use in trading, specifically fees, account verification and more. We also list the UK brokers accepting Perfect Money deposits.

Perfect Money Brokers

  1. rating empty
    rating full

    AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

  2. XM

    rating empty
    rating full

    XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

  3. rating empty
    rating full

    RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.

  4. rating empty
    rating full

    Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.

  5. rating empty
    rating full

    Founded in 2001, easyMarkets is a multi-regulated forex broker offering leveraged trading opportunities on forex, stocks, indices, commodities and crypto. With fixed spreads, an affordable initial deposit, regulation from several reputable bodies and a diverse selection of account currencies, this broker provides simple and straightforward trading solutions to a diverse range of traders.

  6. rating empty
    rating full

    Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

  7. rating empty
    rating full

    Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MT4 and MT5 platforms and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000.

  8. rating empty
    rating full

    M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Although relatively new, the broker continues to improve its offering with a range of innovative tools, platforms and accounts. Beginners can start with just $5, whilst experienced investors can access leverage up to 1:5000.

  9. rating empty
    rating full

    CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.

  10. rating empty
    rating full

    Grand Capital is a MetaTrader broker with welcome bonuses, trading competitions and an intuitive copy trading service. Several account types and 400+ assets provide trading opportunities for various types of investors and strategies. New users can also open an account and start trading in a matter of minutes.

  11. rating empty
    rating full

    IronFX is a multi-regulated forex and CFD broker founded in 2010. This award-winning firm offers 500+ markets to over 1.5 million clients across 180 countries. Traders can access various account types with competitive pricing on the MT4 platform, as well as 24/5 customer support in 30 languages.

  12. rating empty
    rating full

    4xCube is an online forex and CFD broker registered and licensed in the Cook Islands. Clients can trade on popular financial markets and choose between three accounts based on their capital and trading strategy.

  13. rating empty
    rating full

    AZAforex is a multi-asset broker founded in 2016. The brand offers a sophisticated proprietary platform, ECN trading and 40+ deposit methods. The brokerage has 120,000+ registered customers with copy trading and a VPS.

  14. rating empty
    rating full

    Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

  15. rating empty
    rating full

    FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ trading markets and three account types, they cater to all levels of trader.

  16. rating empty
    rating full

    ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.

  17. rating empty
    rating full

    MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms.

  18. rating empty
    rating full

    Errante is a Cyprus-based and regulated forex and CFD broker with leveraged trading on multiple assets, tiered accounts including a zero-spread option, and copy trading support. The broker offers leveraged trading up to 1:30 under its CySEC-regulated branch and 1:500 from an offshore branch, and supports the MetaTrader 4 and MetaTrader 5 platforms. Errante's asset list is relatively limited but it does offer fast execution and low latency, and it is a trustworthy brand.

  19. rating empty
    rating full

    Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.

  20. rating empty
    rating full

    Established in 2012, Hong Kong-based Bitfinex is a formidable player in the crypto industry. It boasts a powerful proprietary platform, 180 cryptocurrencies and more than 430 market pairs available for spot or perpetual swaps derivatives trading. With new payment methods, lower entry barriers and fresh products like crypto futures, Bitfinex is attracting a wider range of active crypto traders.

  21. rating empty
    rating full

    Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders.

  22. rating empty
    rating full

    AdroFx is an offshore ECN/STP broker that has offered CFD trading since 2018. The firm supports 100+ tradable assets on the popular MetaTrader 4 platform as well as a web trader, Allpips. Eight live accounts are available with no restrictions on trading strategies.

  23. rating empty
    rating full

    Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests.

  24. rating empty
    rating full

    Amega is an offshore STP broker offering CFD trading on forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account.

  25. rating empty
    rating full

    BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.

  26. rating empty
    rating full

    World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

  27. rating empty
    rating full

    RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.

  28. rating empty
    rating full

    FXCentrum is an offshore broker that offers highly leveraged, commission-free trading on diverse instruments with tight spreads. Traders can access forex, equity and commodities markets via MetaTrader 5 or the proprietary FXC platform and use the award-winning ZuluTrade platform for copy trading.

  29. rating empty
    rating full

    LegacyFX is a multi-asset broker offering an MT5 download & free signals.

What Is Perfect Money?

Perfect Money was established as a global payment gateway in 2007. The company is registered under Startup Research & Investments LLC in Panama, though it has headquarters in Zurich. Additional offices are located in Dubai and Hong Kong.

The payment method allows for internal transfers between Perfect Money members and non-members. Individuals can make regular transactions via the internet, create e-vouchers or purchase Bitcoin, gold and currencies online. Today, the e-wallet provides a secure payment solution for online brokers and traders.

Perfect Money deposits

Fees

Service fees are applicable when using Perfect Money. Minimum wire transfers are $300 or equivalent. Bank wire deposits incur a minimum 0.5% fee while Bitcoin deposits are free with no limits. Fund transfer fees range between 0.5% and 1.99%. Verified accounts incur lower transfer fees while unverified accounts may be subject to a 1.99% charge per transaction. Currency conversions are charged at live market prices – you can view rates today when you sign in to your account.

Perfect Money withdrawals for bank wire transfers are subject to a 2% fee plus bank charges. Bitcoin withdrawals incur a fee of 0.5% plus $10 per transaction. Users are also liable for a $100 account restoration charge if required.

Always check with your broker before using this payment method as fees vary. Many brokers, such as AMarkets offer free deposits but withdrawal fees tend to apply on trading platforms, for example, FX Choice and RoboForex apply a 0.5% charge.

Note: 4% interest is added to Perfect Money account balances annually.

Speed

Brokers that accept Perfect Money and similar payment methods such as WebMoney or Payeer often support instant deposits, including XM and IFC Markets.

Withdrawal times vary by broker. Processing times, including security checks, can take anywhere from a few hours to several days. As a general rule of thumb, you can expect to see any profits within a few days.

Security

To create a PM account, clients must go through a verification process. This includes providing government-issued identity documents in line with the company’s KYC and AML policies.

Security features include:

  • Identity check – The Perfect Money system will alert the user by email should it detect any unrecognised sign-in attempts and unusual IP addresses.
  • SMS authentication – A verification security PIN is sent to account holders via SMS to prevent unauthorised transactions or scams.
  • CodeCard protection – A unique code is sent to the account holder’s email address to confirm genuine transactions.
  • Secure mobile logins – The mobile app features two-factor authentication.

Password recovery requires an identity document to be submitted to the customer service team, with reset options sent to a registered email address.

How To Make Perfect Money Deposits & Withdrawals

Once sign-up is complete and you have deposited funds into your Perfect Money account, log in to the member’s area on your broker’s official website.

Find the PM logo in the deposit options and enter the amount via the gateway interface. Be wary of any minimum deposit requirements at your broker. You can fund live trading from your Perfect Money account or associated e-voucher/prepaid card.

To withdraw funds, follow your broker’s instructions, though you’ll typically need to head back to the member’s area, enter the amount and go through any security checks. Withdrawals can take several days.

Pros Of Using Perfect Money For Traders

24/7 Customer Service

Perfect Money offers 24/7 customer service, 365 days a year. The main customer support method follows a PIN-based ticket system rather than e-mail contact. There is also a comprehensive FAQ page on the website covering topics such as registration and the virtual prepaid card.

Mobile App

The official transfer app is available as a free download to iOS and Android devices. It allows for complete account management from a mobile or tablet device. Mobile users can also make currency exchanges and trading deposits whilst on the move, or transfer money to other e-wallets such as Skrill or PayPal.

Deposit Methods

Perfect Money accepts deposits and withdrawals via a range of methods including bank wire transfer, debit cards/credit cards such as Visa, Bitcoin, prepaid cards, and e-vouchers. Deposits and withdrawals made through bank transfers are processed by Certified Exchange Service providers. These are Perfect Money-approved providers of live market prices and currency exchange quotes.

Availability

Perfect Money is an established payment method at many global brokers, providing traders with a secure deposit and withdrawal system. Simply look out for the PM logo on your broker’s official website. Forex brokers that accept Perfect Money include AvaTrade, XM, and FXTM.

Pre-Paid Card

A pre-paid card is available for all Perfect Money clients. It allows for secure internet transactions, payment transfers, and the withdrawal of funds from global ATMs.

Cons Of Using Perfect Money For Traders

Irreversible Payments

All transactions are final and irreversible using this payment method. Ensure additional security protocols are added to your account for accuracy otherwise you may struggle to reclaim deposits or withdrawals processed in error.

Fund Storage

Although Perfect Money offers a prepaid card, ideal for depositing funds to a live trading account, it does not offer credit or debit card storage unlike other e-wallet competitors such as the PaySafe Mastercard.

Fees

Perfect Money fees are relatively high compared to other payment solutions. Always check your broker’s payment charges before depositing as some of these may be absorbed within the service. The minimum deposit requirement of $300 or equivalent is also high vs other leading e-wallet providers.

Final Word On Trading With Perfect Money

Perfect Money is a recognised payment method for traders in the UK. It offers strong security features, instant deposits at many brokers, and 24/7 customer support. Traders should, however, be aware of the high minimum deposit requirements, which may deter new investors.

FAQs

Does Perfect Money Offer A Sign-Up Bonus Incentive?

Aside from a 1% affiliate partner programme, Perfect Money sign-up bonuses are limited. With that said, some supported forex brokers may have their own deposit bonuses and welcome offers. It’s worth checking for deals on your broker’s website before opening an account.

What Is The Perfect Money Account Withdrawal Limit?

There is no set limit for maximum withdrawals via bank transfers. This is good news and means it could be a good choice for high-volume traders looking to place large deposits and withdrawals.

What Is The Process For Perfect Money Password Recovery?

Contact Perfect Money customer support, whom you will need to provide identity documents and member ID. Once verified, password reset options will be sent to the registered email address.

What Is A Perfect Money E-Voucher?

The Perfect Money voucher allows clients to transfer money across the world between PM or non PM account holders, or to buy goods and services securely online. Create and activate an e-voucher by selecting the chosen account to debit funds from in the PM system. Accepted payments include Western Union and PayPal.

Who Are The Perfect Money Certified Exchange Partners?

There are over 200 verified exchanges, providing access to market prices and rates depending on your location. See the payment solution’s website for more details.