CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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.
For our perfect money comparison, we found 3 brokers that are suitable and accept traders from United States of America.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data. *Availability subject to regulation.
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.
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 include:
Disadvantages include:
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.
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.
Bank wire, Bitcoin, credit or debit cards and online exchange services.
Bank wire, Bitcoin, credit or debit cards and online exchange services.
3-5 working days.
3-5 working days.
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.
Some of the most popular alternative methods for funding a trading account include: