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Best Webmoney Forex Brokers

Marcus Taylor

Written by Marcus Taylor

September 08, 2022

The ForexBrokers.com annual forex broker review (six years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. Here's how we test.

WebMoney Transfer is a global settlement firm that was started in 1998 and ever since has grown to be among the top global settlement systems with over 32 million customers worldwide. Webmoney provides reliable services that allow clients to keep track of their funds, resolve disputes, attract funding, as well as make secure transactions. It provides a safe haven for online business transactions and its technology is based on offering customer’s interfaces that allow operation and control of individual property rights for assets in the specialised entities. It is a perfect for online shops, internet-based platforms and online billing services.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Webmoney Forex Brokers

Here are the best webmoney forex brokers.

  • IG
    - 9.7/10 Overall
  • Saxo Bank - 9.5/10 Overall
  • CMC Markets - 9.4/10 Overall
  • Interactive Brokers - 9.2/10 Overall
  • TD Ameritrade - 8.9/10 Overall
  • FOREX.com
    - 8.7/10 Overall
  • XTB - 8.7/10 Overall
  • City Index - 8.7/10 Overall
  • eToro - 8.6/10 Overall
Overall Rating
9.7 / 10
Minimum Initial Deposit
£250.00
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.86 (September 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1974
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses7
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)19537
Forex Pairs (Total)100
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)33
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
9.5 / 10
Minimum Initial Deposit
€2,000
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.9 (September 2022)
All-in Cost EUR/USD - Active0.7 (September 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1992
Publicly Traded (Listed)No
BankYes
Tier-1 Licenses6
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)60000
Forex Pairs (Total)190
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)62
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
9.4 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.51 (August 2022)
All-in Cost EUR/USD - Active0.51 (August 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1989
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses5
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12377
Forex Pairs (Total)158
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)84
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
9.2 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.6 (Aug 2022)
All-in Cost EUR/USD - Active0.6 (Aug 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)No
Regulationexpand_moreexpand_less
Year Founded1977
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses8
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)8500
Forex Pairs (Total)90
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)128
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.9 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.25 pips (September 2022)
All-in Cost EUR/USD - Active1.25 pips (September 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)No
Regulationexpand_moreexpand_less
Year Founded1955
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses4
Tier-2 Licenses0
Investment Optionsexpand_moreexpand_less
Forex TradingYes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)0
Forex Pairs (Total)73
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)360
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0 (July 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)5500
Forex Pairs (Total)91
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)203
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.07 (Q3 2022)
All-in Cost EUR/USD - Active1.04 (Q3 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2002
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses1
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12000
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)39
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
£100.00
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0 (July 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1983
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses3
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)13500
Forex Pairs (Total)84
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)88
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.6 / 10
Minimum Initial Deposit
$10-$10,000
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1 (August 2021)
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3458
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)66
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes


How to get started with Web Money

Registration in WebMoney system includes a four-step process.

As a new user, you will need to go to www.wmtransfer.com and click on the sign-up button.

You will then enter your mobile number, including an international code.

You will receive a verification code anytime you initiate a transaction for safety purposes.

You can also register via popular social networks. You will then be required to enter your personal details by filling out a form; ensure that you input correct personal data since you will need verification to fully access the account.

After that, you will need to confirm your email address and phone number after which you will set up a secure password. As a new user, there are limits to the total amount you can transact and you need to get a certificate to lift limits.

Advantages of Webmoney

Webmoney has been a beneficial and a recommendable payment system for the following reasons:
Instant Transfers- Both deposits and withdrawals are conducted in a fast and smooth manner that ensures that your money arrives in your account quickly.

Multiple Currencies- WebMoney supports multiple currencies, six to be exact, including Euro, USD, Belarusian ruble, Rur, Japanese yen among others.

Protection and Privacy- WebMoney state they will never give customer credit card information to any third party.

Using Webmoney

Fees

WebMoney charges the user per every transaction they make. The fee is set at a rate of 8 percent of the money being transacted. However, the fee should not be less than 0.01 WM or higher than 50 WM either.

Purse Types

Purse types are laid out depending on the currencies. The purses include:

  • WMZ-a purse of type Z holds funds in US dollars.
  • WMX type — funds in BTC
  • WMR-a purse R type holds funds in Russian dollars
  • WMU- The U purse holds funds in Ukranian hryvnias.
  • WME- The E purse holds funds in the Euro
  • WMK type — funds in Kazakh Tenge
  • WMG type — funds equivalent to gold
  • Deposit methods

    There are many deposit methods which users can use to top up cash into their account including:
    Online Bank Cards (Visa and Mastercard), Internet banking, cash-in terminals, electronic money, prepaid vouchers and cards, bank branch, bank wire, Money transfer systems and WebMoney exchange offices.

    Withdrawal Methods

    Users can withdraw money from their accounts using:
    Bank cards, cash, money transfer systems, bank wire and electronic money.

    Processing Time

    Deposits to a WebMoney account are mostly instant except for money transfer systems and bank wire which take 1 day. It takes typically 3 days for you to withdraw money from WebMoney to a bank card, 2 days by money transfer, 3 days by bank wire and 1 day via cash into stock exchange. However, withdrawal to WebMoney card, webmoney offices, electronic money and cash via a bank are instant.

    How Secure is it?

    WebMoney is among the most secure payment systems. Users can secure their purses against unauthorised transactions and intrusions by:

    • Setting a list of IP addresses to access the system
    • Confirming any transaction via phone
    • Enabling or disabling pay via sms option
    • Authorising transactions with E-num
      • Some of the most popular funding methods include:

    BrokerNotes.co 2022 Overall Rankings

    To recap, here are our top forex brokers for 2022, sorted by Overall ranking.

    Company Overall Rating Minimum Initial Deposit Average Spread EUR/USD - Standard Trust Score Trust Score Tradeable Symbols (Total) Visit Site
    IG logoIG 9.7 £250.00 0.86 (September 2022) 99 Highly Trusted 19537 Visit Site
    Saxo Bank logoSaxo Bank 9.5 €2,000 0.9 (September 2022) 99 Highly Trusted 60000
    CMC Markets logoCMC Markets 9.4 $0 0.51 (August 2022) 99 Highly Trusted 12377
    Interactive Brokers logoInteractive Brokers 9.2 $0 0.6 (Aug 2022) 99 Highly Trusted 8500
    TD Ameritrade logoTD Ameritrade 8.9 $0 1.25 pips (September 2022) 99 Highly Trusted 0
    FOREX.com logoFOREX.com 8.7 $100 1.0 (July 2022) 99 Highly Trusted 5500 Visit Site
    XTB logoXTB 8.7 $0 1.07 (Q3 2022) 95 Highly Trusted 12000
    City Index logoCity Index 8.7 £100.00 1.0 (July 2022) 99 Highly Trusted 13500
    eToro logoeToro 8.6 $10-$10,000 1 (August 2021) 93 Highly Trusted 3458
    Swissquote logoSwissquote 8.5 $1000 N/A 99 Highly Trusted 466
    AvaTrade logoAvaTrade 8.2 $100 0.91 (Aug 2020) 93 Highly Trusted 1260
    Plus500 logoPlus500 8.2 €100 0.6 (as of Aug 2018) 98 Highly Trusted 2800
    FXCM logoFXCM 8.3 Starts from $50 1.38 (Q2 2022) 96 Highly Trusted 441
    Admiral Markets logoAdmiral Markets 8.1 $100 0.8 (July 2021) 87 Trusted 8425
    FP Markets logoFP Markets 8.3 $100 AUD 1.2 (August 2022) 86 Trusted 9956
    IC Markets logoIC Markets 8 $200 0.62 (August 2021) 86 Trusted 3583
    OANDA logoOANDA 8 $0 1.26 (5/22-5/27/22) 92 Highly Trusted 124
    Capital.com logoCapital.com 8.1 $20 0.6 (July 2021) 77 Average Risk 6000
    Markets.com logoMarkets.com 8.1 $100 1.9 (as of Oct 2019) 98 98 2179
    XM Group logoXM Group 8 $5 1.6 (Aug 2020) 90 Trusted 1372
    Pepperstone logoPepperstone 8 $200 0.77 (September 2022) 93 Highly Trusted 1200
    FxPro logoFxPro 8 $100 1.51 (August 2020) 90 Highly Trusted 2249
    Tickmill logoTickmill 7.8 $100 0.51 (August 2022) 82 Trusted 295
    HYCM (Henyep) logoHYCM (Henyep) 7.7 $100 0.6 (Sept 2021) 86 Trusted 245
    DooPrime logoDooPrime 7.7 $100 -1 84 Average Risk 10000
    Fineco Bank logoFineco Bank 7.7 $0 N/A 92 Highly Trusted 126
    HFM logoHFM 7.6 $5 1.2 (August 2021) 85 Trusted 3500
    BDSwiss logoBDSwiss 7.6 $100-$5000 (depending on account type) 1.6 (08/10/22) 83 Trusted 1081
    Vantage logoVantage 7.4 $50 1.22 (August 2021) 83 Trusted 257
    Trading 212 logoTrading 212 7.4 EUR 10 N/A 77 Average Risk 1785
    Moneta Markets logoMoneta Markets 7.3 $50 1.27 (September 2022) 71 Trusted 965
    Trade Nation logoTrade Nation 7.1 $0 0.6 83 Trusted 601
    ACY Securities logoACY Securities 7.2 $50 1.2 (Sept 2021) 75 Average Risk 1600
    Eightcap logoEightcap 7.2 $100 N/A 87 Trusted 326
    ThinkMarkets logoThinkMarkets 7.3 $250.00 N/A 86 Trusted 1674
    BlackBull Markets logoBlackBull Markets 7 $0 0.827 (August 2022) 74 Average Risk 26000
    VT Markets logoVT Markets 7.2 $200 1.2 (September 2021) 71 Trusted 168
    easyMarkets logoeasyMarkets 7.3 $100 0.9 (as of Mar 2020) 84 Trusted 199
    TMGM logoTMGM 7 $100 0.96 (July 2021) 79 Average Risk 12000
    Exness logoExness 7.2 $1 0.9 (as of May 19) 74 Average Risk 112
    Spreadex logoSpreadex 7.2 $0 -1 70 Average Risk 2000
    IronFX logoIronFX 7.1 $50 1.2 84 Trusted 340
    RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 7.1 $100 1.4 (Jan 2022) 69 High Risk 12000
    Trade360 logoTrade360 7 $250 N/A 75 Average Risk 1062
    AxiTrader logoAxiTrader 7 0 N/A 83 Trusted 175 Visit Site
    GKFX logoGKFX 7 $0 N/A 66 High Risk 354
    Vestle logoVestle 7 -1 -1 79 Average Risk 750
    TeleTrade logoTeleTrade 7 $100 -1 67 High Risk 500
    FXOpen logoFXOpen 7 $100 N/A 80 Trusted 87
    OctaFX logoOctaFX 6.8 $25 0.6 (August 2021) 67 High Risk 80
    Forex4you logoForex4you 6.9 $0 -1 62 High Risk 150
    LegacyFX logoLegacyFX 6.8 $500 0 75 Average Risk 425
    FXPrimus logoFXPrimus 6.8 $100 N/A 69 High Risk 140 Visit Site
    Alpari logoAlpari 6.8 $20 N/A 67 High Risk 105
    GBE brokers logoGBE brokers 6.7 $500 -1 69 High Risk 500
    TopFX logoTopFX 6.5 Depends on payment method N/A 67 High Risk 655
    ATFX logoATFX 6.6 $500 -1 70 Average Risk 150
    UFX logoUFX 6.5 $100 3 (Jan 2021) 67 High Risk 619
    Libertex (Forex Club) logoLibertex (Forex Club) 6.5 $10 -1 72 High Risk 300
    Xtrade logoXtrade 6.5 $250 -1 80 Trusted 142
    Tradeo logoTradeo 6.4 $200 -1 67 High Risk 256
    View More

    More Forex Guides

    Forex Risk Disclaimer

    There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

    About the Author

    Marcus Taylor
    Marcus Taylor

    BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.


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