Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

Compare Brokers That Accept MoneyGram

For our moneygram comparison, we found 23 brokers that are suitable and accept traders from United States of America.

We found 23 broker accounts (out of 147) that are suitable for MoneyGram.

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IG

Spreads From

EURUSD 0.6 pips See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

  • Regulated by: Financial Conduct Authority and ASIC.
  • Used by 195,000+ traders.
  • Established in 1974 HQ in UK.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Account type
EUR/USD Spread From
Commission
Execution
Min. Deposit
CFD
0.6
Fixed Spreads
Yes on share CFDs
STP
$250
Spread Betting
0.6
Fixed Spreads
None
STP
$250
Share Dealing
None
Fixed Spreads
£5
DMA
$250
Forex.com

Spreads From

EURUSD 1.0 pips See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Forex.com

  • Regulated by: Financial Conduct Authority.
  • Established in 1999 HQ in United States.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

70% of retail investor accounts lose money when trading CFDs with this provider

Read our in-depth Forex.com review

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

Benefits of choosing a broker that accepts MoneyGram

More brokers are accepting e-wallets as methods to withdraw from and deposit funds into a trading account. There are an increasing number of electronic payment platforms being added to the market, and not all of them are accepted by regulated brokers. Traders deciding whether to become a MoneyGram member, or whether to sign up with another payments provider, need to weigh up the alternatives before committing. MoneyGram offer safe and secure payments, but they are not an accepted payment method for some of the major regulated brokers in the UK and Western Europe. A money transfer services provider such as PayPal or Neteller may be more suitable, depending on the broker and the location of the trader.

What is MoneyGram?

MoneyGram are an international payment services provider that enable not only money transfers, but also an array of other financial services. The roots of the company can be traced back to 1940 with the merging of two companies: Travelers Express and Integrated Payment Systems Inc. MoneyGram International, as it is now known globally, was rebranded in 2004.

MoneyGram have around 350,000 agent locations and operate in more than 200 countries around the world. Their services are trusted by tens of millions of customers.

MoneyGram services

Using MoneyGram is a very easy and secure way of transferring funds around the world. One of the main features of MoneyGram is that it enables people to transfer cash to recipients around the world almost instantaneously. This is done by taking the cash to one of the MoneyGram agents. They will process the transaction and it will be ready for collection at an alternative MoneyGram location typically within minutes. In addition to this, consumers from many countries are able to receive funds direct into bank accounts, mobile phone accounts, or onto a prepaid card.

The company’s fees, although affordable, are slightly more expensive than other companies such as PayPal. As an example, it costs £12 to send £100 to an account or MoneyGram agent within the UK (as at July 2017). MoneyGram’s fees vary from country to country and are dependant on the amount being sent. The cost can be worked out using the Cost Estimator on their website. There is a maximum of £4,600 per transfer and/or per month, however additional money can be sent through MoneyGram agents if necessary.

MoneyGram Cost Estimator

Benefits of using MoneyGram to fund a trading account

One of the main benefits of using MoneyGram is that they offer a very simple and secure way of depositing and withdrawing funds. Transactions normally occur within minutes to the majority of the countries that the service is available in. Some of these include the US, United Kingdom, and Germany. MoneyGram also offer a loyalty program to members, which allows them to take advantage of benefits that vary according to their usage levels.

MoneyGram are recognised as one of the major money transfer companies in the world today, however their services are not as widely accepted amongst brokers as PayPal, Neteller and Skrill.

Brokers who accept MoneyGram

Regulated broker, XM, previously accepted MoneyGram as a payment method, but now only accept the following e-wallet providers: Neteller, Skrill, SOFORT, CASHU, and Przelewy.

Why Choose IG
For MoneyGram?

IG scored best in our review of the top brokers for moneygram, which takes into account 120+ factors across eight categories. Here are some areas where IG scored highly in:

  • 44+ years in business
  • Offers 10,000+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.60pips
  • Used by 195,000+ traders.
  • Offers demo account
  • 4 languages

IG offers four ways to tradeForex, CFDs, Spread Betting, Share dealing. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

IG have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority and ASIC, segregating client funds, being segregating client funds, being established for over 44

Trust Score comparison

IG Forex.com
Trust Score AAA AAA
Established in 1974 1999
Regulated by Financial Conduct Authority and ASIC Financial Conduct Authority
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of IG vs. Forex.com


Want to see how IG stacks up against Forex.com? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
IG Forex.com
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.60 1.00
GBP/USD Spread 0.9 0.9
USD/CAD Spread 1.7 0.9
USD/JPY Spread 0.70 0.90
DAX Spread 1.0 250.0
FTSE 100 Spread 1.0 150.0
S&P500 Spread 0.4 50.0

Comparison of account & trading features

IG Forex.com
Platform MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
Services Forex, CFDs, Spread Betting, Share dealing Forex
Base currency options USD, GBP, EUR, CHF, JPY, SGD, AUD USD, GBP, EUR
Funding options Payoneer, Credit cards, Bank transfer, PayPal, MasterCard, BPAY, DebitCard, Bank transfer, Cheque, DebitCard,
Micro account
ECN account