Company

Spread

for EURUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

Markets.com

Offers five ways to trade: Forex, Shares, Indices, Commodities, ETF and CFD

 
Markets.com
See Details Try a Demo
Your capital is at risk/span>
$100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

B

0

Established in:

2008

Regulated by:

CySEC, Financial Services Boar...

TrioMarkets

Offers two ways to trade: Forex, CFD

TrioMarkets
See Details Try a Demo
Your capital is at risk/span>
$500Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

B

0

Established in:

2014

Regulated by:

CySEC

See DetailsTry a Demo
Your capital is at risk
CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Webmoney

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose Markets.com
For Webmoney?

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

  • 9+ years in business
  • Offers + instruments
  • A range of platform inc. MT4, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 2.0 pips
  • Used by + traders
  • Allows hedging
  • 2 languages
  • Leverage up to 100:1

Markets.com offers five ways to trade: Forex, Shares, Indices, Commodities, ETF and CFD. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

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.

Markets.com have a B trust score, which is good. This is largely down to them being regulated by CySEC, Financial Services Board, segregating client funds, being established for over 9 years, and much more. For comparison:

Trust Score comparsion

Markets.com TrioMarkets
Trust Score B B
Year Established 2008 2014
Regulated by CySEC, Financial Services Board CySEC
Uses tier 1 banks
Company Type Public Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who Markets.com is (& Isn’t)
Suitable For

As mentioned, Markets.com allows you to trade in five ways: Forex, Shares, Indices, Commodities, ETF and CFD.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with Markets.com, you'll need a minimum deposit of $100. Markets.com offers a range of different account types for different traders including a mini account, vip account.

Finally, Markets.com isn't available in the following countries: AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE.

Part 3

A Comparison of Markets.com vs. TrioMarkets vs.


Want to see how Markets.com stacks up against TrioMarkets and ? 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.
Markets.com TrioMarkets
Fixed Spreads
Variable Spreads
EUR/USD Spread 2.0 1.4
GBP/USD Spread 2.0 1.4
USD/CAD Spread 3.00.4
USD/JPY Spread 3.00.3
DAX Spread 2 0.7
FTSE 100 Spread 2 0.8
S&P500 Spread 1 0.4

Comparison of account & trading features

Markets.com TrioMarkets
Spread type B
EUR/USD Spread 2008 2014
EUR/GBP Spread CySEC, Financial Services Board CySEC
Crude Oil Spread
Gold Spread Public Private Private
DAX Spread

Part 4

What is WebMoney

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.

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

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:


Jump to top
Loading icon