Compare the 3 best forex brokers that accept Perfect Money in 2023

By:

James Knight

James is a lead editor for Invezz, where he covers topics from across the financial world, from the stock… read more.

Updated: Feb 1, 2023

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What are the best Perfect Money forex brokers?

The best forex broker that accepts Perfect Money is Start Trading .

Here are some more Perfect Money forex brokers with low fees, top security, and fast execution speeds:

How to trade currencies with a Perfect Money forex broker

It takes about 10 minutes to sign up for an account with a forex broker. Perfect Money is a simple way to deposit the money to fund a trading account. Here’s how to get started.

Quick answers to key questions

What is a Perfect Money forex broker?

A forex broker lets you trade one foreign currency for another to take advantage of price movements of different currencies. A Perfect Money forex broker is a trading platform that lets you make deposits and fund your account with Perfect Money. 

What are the fees and commissions when using Perfect Money brokers?

It depends on the broker. The difference between a broker’s buy and sell price for each currency is the main cost of trading. This cost (known as the ‘spread’) is the same regardless of how you decide to fund your account.

There may be additional fees for depositing or withdrawing funds to your Perfect Money account. Perfect Money fees can vary and are likely to be higher than using a direct bank transfer.

Spend some time researching online brokers to avoid any surprising hidden costs.

Is it safe to trade forex with Perfect Money?

As long as you pick the right platform, yes. Regulated brokers provide investor protection in accordance with local financial regulations. All of our recommended brokers are regulated, but you can check by searching for its registration number with the local regulator.

The best Perfect Money forex brokers also offer robust encryption features that protect your data and keep forex traders secure. 

Do I need to provide ID when trading forex with a Perfect Money broker?

Yes, you will need to provide identification when using a forex broker that accepts Perfect Money. A verification process is standard procedure for all the best brokers, as they have to comply with KYC financial regulations.

The verification process may include anything from some basic financial and personal information to a photo ID. 

Can I use MetaTrader 4 with forex brokers that accept Perfect Money?

Yes. MT4 is a piece of trading software that’s popular with forex traders and available with most brokers. You can download the MetaTrader software and link it to any of your broker accounts.

The same applies to MetaTrader 5, which is simply the latest version of the software.

Do many forex brokers accept Perfect Money?

Not many, no. Perfect Money is still a new kid on the block and it isn’t widely accepted as a payment method. However, there are a handful of forex brokers that let you make deposits via Perfect Money.

Pros and cons of using Perfect Money to deposit funds

When deciding if you should start trading forex with a Perfect Money broker, consider these potential benefits and drawbacks:

What to look for when trading forex with Perfect Money brokers

Once you’ve established that the forex brokers you’re considering accept Perfect Money, the next step is to narrow your search. Consider these factors when choosing an Perfect Money forex broker:  

• Low withdrawal and deposit charges. Some forex brokers allow you to use Perfect Money, but at a cost that can eat into your potential trading profits. Look for a Perfect Money forex broker that offers low withdrawal and deposit charges.
• Variety of forex trading options. Many forex brokers like to have multiple trading options at their disposal, including spread betting, futures, and contracts for difference (CFDs). If variety is an important factor for you, seek out a forex broker that offers a variety of different trading options. 
• Number of currency pairs. Some of the most commonly traded currencies on forex exchanges are the British Pound (GBP), US Dollar (USD), and Euro (EUR). But some forex traders like to trade a wide variety of currencies within currency pairs. If that fits your description, look for a Perfect Money forex broker that offers a variety of currencies to trade.
• Security. A high level of security is a must when choosing a Perfect Money forex broker to handle your trades. You’re trusting this platform with your money, so you want to make sure it’s secure.
• Great customer service. The best Perfect Money forex brokers will offer fast, helpful, and highly responsive customer service options in the event you require assistance.

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