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

Compare Brokers That Accept Perfect Money

For our perfect money comparison, we found 3 brokers that are suitable and accept traders from United States of America.

We found 3 broker accounts (out of 147) that are suitable for Perfect Money.

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

The Ultimate Guide to

About Perfect Money

Perfect Money is a smooth and efficient online payment system. Designed both for businesses and for individuals, Perfect Money can be used for various purposes, including buying currency (USD, Euros and Bitcoins), purchasing assets such as Gold, paying for goods and services and sending and receiving funds from one user to another. Based in Zurich, Perfect Money has been around for over a decade as the ideas behind it first began to be developed back in 2006.

How to get started with Perfect Money

First of all you will need to open an account by filling in a simple online form. Then, you will be required to verify this account. Once your account is verified, you are ready to go. Additional forms may need to be filled in if you want to use certain account services (such as adding a bank account to make deposits from your Perfect Money account to your bank).

Advantages & Disadvantages of Perfect Money

Advantages include:

  • Customer support 24 hours a day, 7 days a week, 365 days a year
  • The ability to perform a variety of actions, from paying a business associate to converting currency
  • The ability to have several accounts associated with a single IP address and user

Disadvantages include:

  • Having to wait 3-5 days for bank deposits to clear
  • Needing to withdraw a minimum of $300 to your bank when you make a withdrawal
  • Currency conversion rates are not always the best on the market

Using Perfect Money

Fees

Fees are associated with several elements of the site. Upgrade your account to Premium level, for example, and you will need to pay an account fee. Fees are also payable when you make an internal transfer to another user and when you withdraw money from your Perfect Money account to your bank. Commissions are charged on currency conversions. Fees and commissions are subject to change at short notice depending on the market.

Account Types

The standard account types are Personal Accounts for private individuals, and Business Accounts for businesses. If you deposit several thousands of dollars into your account each month, you could be eligible to upgrade to a Premium or Partner account.

Deposit methods:

Bank wire, Bitcoin, credit or debit cards and online exchange services.

Withdrawal methods:

Bank wire, Bitcoin, credit or debit cards and online exchange services.

Typical withdrawal processing times:

3-5 working days.

Typical deposit processing times:

3-5 working days.

How secure is it?

Security is mainly conducted via encryption and identity checks. PIN codes are used to verify users’ identities when setting up an account, and (often) when making deposits and withdrawals. The PIN will also be used to verify your identity if you log in from a new IP and accounts are locked after several failed logins.

Overall, if you are already a Perfect money account holder, finding a broker that accepts this form of payment could be perfect option for you.

Top Perfect Money Alternatives

Some of the most popular alternative methods for funding a trading account include: