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There are a number of payment methods for Exness deposit and withdrawal, but Perfect Money offers one of the easiest and cheapest ways to do so.
Exness is one of the top trading platforms in the world. If you're looking to deposit or withdraw funds from Exness, you can do so using different methods including Perfect Money. This guide should help you get to know Exness and how to perform transactions with Perfect Money:
What is Exness
Since 2008, Exness has been operating as a global brokerage company, offering its clients various services. They have increased the scope of the services they offer throughout the years, and as of the year 2022, they are providing assistance to more than 300,000 customers.
On the trading platform Exness, over a hundred distinct kinds of financial assets are offered for purchase and sale. Since it initially made its debut on the market, Exness has experienced significant growth. Since that time, they have been quite successful in building a wide range of tools and resources for the clients that they have accumulated over the years.
Top Exness Features
The Exness platform provides its clients with several features to keep them entertained. Here are the top features you will find on the Exness platform:
- Platforms
Users of Exness have the possibility to access some of the most widely used trading platforms directly from their own accounts. Both the MetaTrader 4 and MetaTrader 5 platforms are extremely popular among traders all over the world because of their user-friendly interfaces and extensive libraries of built-in trading tools and indicators. Additionally, Exness operates its own internal platforms. Everyone who has an Exness account may use the Exness app, which is a platform that offers a high level of personalization and is extremely accessible. Exness also offers a web platform known as Exness Terminal, which eliminates the need for clients to download software in order to engage in trading activities. - Tools
Once you sign up to be a client of Exness, you will have access to a wide variety of the company's products and services. Because they are so helpful in bringing about improvements in one's trading abilities, these tools are much-liked by novices as well as professionals. The fact that all of these tools may be accessed without cost is perhaps the finest aspect. The economic calendar, which provides a list of all future events that may have an effect on trade conditions, is the most useful tool that they offer. In addition to that, you will get access to the Autochartist tool. This tool searches the market by employing cutting-edge AI technology in order to identify the most lucrative market positions to make trades.
Perfect Money for Deposits and Withdrawals
Perfect Money is a popular electronic wallet that is used for both deposits and withdrawals for different online platforms, including Exness. Before you make a deposit or withdrawal with this e-payment, there are certain details you need to pay attention to so your transactions can go without any trouble:
| 📈Minimum deposit | $50 |
| 📉Maximum deposit | $100,000 |
| 💸Deposit fees | 1.99% |
| ↗️Minimum withdrawal | $2 |
| ↘️Maximum withdrawal | $100,000 |
| 💸Withdrawal fees | 0.5% for each transaction |
| ⏳Processing time | Instant (should be a few seconds without manual processing by financial department specialists) |
How to Use Perfect Money for Exness Deposit
If you would like to deposit funds using your Perfect Money account, simply choose this as the payment method when making a deposit. You will be redirected to the Perfect Money website to complete the transaction.
Here are the steps:
- Go to the Exness Personal Area, then click the Deposit.
- Choose Perfect Money.
- Select the trading account you would like to fund, deposit currency, and fill in the amount of your deposit.
- Click Next.
- After receiving a summary of the transaction, double-check all the data.
- Click Confirm payment.
- You will be directed to the Perfect Money website, where you can choose your payment method and complete the transaction.
How to Use Perfect Money for Exness Withdrawal
Similarly, if you want to make a withdrawal, Perfect Money and choose the trading account that you would like to withdraw from. These transactions occur instantly, and you should have the transaction completed within seconds. You may be required to provide proof that the Perfect Money account belongs to you to prevent fraudulent activity.
Here are the withdrawal steps:
- Go to your Personal Area, click the Withdrawal section, and choose Perfect Money.
- Select the trading account to withdraw, the currency, your Perfect Money account number, and fill in the withdrawal amount.
- Click Next.
- After receiving the summary of the transaction and making sure that all details are correct, enter the verification code sent to your email or SMS.
- Click Confirm withdrawal.
Not only allowing access to Perfect Money as a deposit and withdrawal method, but Exness is also known to provide a dedicated service for exclusive traders. What are the specifications? Explore further in What is Exness Premier Program?
21 Comments
Tony
Jan 20 2023
Perfect Money always has the opportunity for traders to trade with Broker Forex.I admit that Perfect Money offers more broker deposit options than other electronic money, Paypal. A few years ago, I was doing a lot of freelance work and was getting paid dollar via PayPal.
And after a while, I found out about Forex and wanted to trade it. So, I tried to find a broker who traded using PayPal, but there were few brokers, and the deposit amount was high. I'm here. On the other hand, many brokers offer perfect money with very low deposit and withdrawals. Also, Perfect Money's fees are much lower than PayPal's. This is based on my experience.
Sandy
Jan 20 2023
Tony: I recently opened up PayPal to e-wallets, so I don't have any more experiences you can share.After talking about PayPal's cons, when PayPal uses limited services such as deposits to forex brokers, I Thank you! I'm worried now, so I would appreciate it if you could answer the question. And about e-Wallet, is it can be the best solution to deposit and withrawal in there? Thank you!
Tony
Jan 21 2023
Sandy: In my opinion, if you want to use e-Wallet, PayPal can be the best but if you want to do some transaction in PayPal, I think you need to re-consider it because its fees is very expensive. It can charge up to $5 per transaction and if fail to transfer your money, you can being charged again.
I have bad experience about paypal. Keep it in mind to always being active at PayPal. My account is inactivity for years at PayPal after I quit my freelance to focus on Forex. And for some reason, I remember I still have money on paypal which is around $20. So, I decided to open my Paypal account and transfer the money back to my bank account. I have being charged $5 and after several days, my money failed to transfer so I look at my deposit, it being only $8!! All because PayPal charged me $5 again, and the currency rates from my local currency into dollar just weaken. So I cost $12 just to transfer $20
Meanwhile, perfect money charged on percentage so If your deposit is low, you will also have low fees too. I think it is more fair than PayPal.
Enzo Galtier
Jan 21 2023
Ok, I think it's a bad idea to deposit using an e-wallet. Fees are too high, especially for large funds. Are there deposit and withdrawal options I can choose from when I want to trade on Exness?
That means deposit methods, lowest fees, and fast transactions. As you know, the forex market is always unpredictable, so it is quite normal for traders to choose the cheapest. You have to be careful with money management.
Marco
Jan 21 2023
Enzo Galtier: Exness offers a wide range of deposits and withdrawals. You can read the entire list in this article. : How to deposit and withdraw at Exness
Local bank transfers are the cheapest on this list. If you are lucky enough to make this choice, using the same bank as your broker will not charge you any fees for sending or receiving money. However, a fee will be charged if the bank is not the same bank as the intermediary (intrabank).
Also, if you don't have a local bank transfer with the broker Exness, you can use a wire transfer, but it took a long time to reach your account.You can also use cards like debit and credit cards. I recommend that you use it when depositing, but not when withdrawing.
Ariel
Jan 21 2023
Marco: Actually debit card can be cheapest method to do the deopsit and withdraw. Unlike credit card, debit card is for cash and not pay later. Because of that you won't get any rates like credit cards did. And if you withdraw, brokers ca n send your money through your bank account! I don't know about credit card but I do know that credit card's is so hard to use especially at withdraw but if you use for credit card. So the best for me is debit card payment methods
Julian Alvarez
Jan 21 2023
Enzo Galtier: I agree to practice cash management of deposit and withdrawal fees. Fees can also be huge and should be counted when trading forex, so you can classify this as a hidden fee. There are other hidden fees in forex that you should be aware of. Click here for details : Hidden cost in Forex
I also agree about the local bank transfer. And hope you can do it at your country because local bank transfer is cheapest and fastest deposit and withdrawal method, but it is not available at many countries.
Julian Alvarez
Jan 21 2023
Enzo Galtier: Click here for the details about hidden fees
Marc
Mar 12 2023
The comments above me don't seem to compare the fees of Perfect Money with other payment methods accurately. I'm not an e-wallet user, just an ordinary trader with a bank account. I've been thinking of trying out e-wallet payments like Perfect Money at Exness, but I'm concerned about their security, while Wire Transfer seems safe because it's handled by banks. However, the fees for Wire Transfer have become too burdensome for me over time, so I want to switch to a different payment method. The problem is that I'll need to open a new account to do so. I'm wondering which option between Perfect Money and Wire Transfer has the lowest fees and is safest in terms of speed and security.
Glenn
Mar 12 2023
It's kind of tricky to say which payment method is better between Perfect Money and Wire Transfer in terms of fees, speed, and security because it depends on a lot of things, like where you are and how much money you're sending. But in general, e-wallets like Perfect Money tend to have lower fees and quicker transaction times compared to old-school bank transfers like Wire Transfer.
That being said, wire transfers are usually considered to be more secure because they involve banks and all their fancy regulations. So, if you're depositing a big ol' pile of cash, it might be better to go with Wire Transfer. But if you're just sending a smaller amount, Perfect Money could be a good option. Ultimately, it comes down to what works best for you and your situation.
As the preference to choose payment methods, it is better to read this article : Deposit And Withdrawal In Forex Broker : 4 things to Considers
Marc
Mar 12 2023
Wow, it looks like I'm gonna have to open a new trading account because of Exness' policy. Usually, I only make a deposit once or twice, and sometimes not even that because my trading can hit a margin call pretty quickly. I usually only need $100 or even less than that to start. When I make a profit and double my deposit ($200), I withdraw the money. I think wire transfer is way too long, expensive, and a bit of a hassle to go through. On the other hand, Perfect Money is quicker and cheaper. As you pointed out, I'm only processing a small amount of money, so it's better to use Perfect Money. I totally agree with you on that. It's just not cool to wait for a week for $200.
Quamin Bin Ali
Mar 22 2023
I know exness is a popular forex trading platform that offers various deposit and withdrawal methods, including Perfect Money. Perfect Money is an online payment system that allows users to make instant transactions, pay for goods and services, and exchange currencies. If i am considering using Exness with Perfect Money, I might have some questions about how the process works. Here are some common questions such as how do I deposit funds with Perfect Money on Exness and how long does it take for the funds to appear in my Exness account?
Sammy
Jun 20 2023
@Quamin Bin Ali: Hi there! I will answer your question, so :
How do I deposit funds with Perfect Money on Exness?
How long does it take for the funds to appear in my Exness account?
Are there any fees for depositing funds using Perfect Money on Exness?
Can I withdraw funds from Exness to my Perfect Money account?
Yasin Are
Mar 22 2023
Exness is a leading Forex broker with exceptional order and volume statistics. It also ranks highly in the client withdrawal category, with $1.1+ billion in quarterly withdrawals. Traders get the MT4/MT5 trading platform plus two proprietary alternatives, ultra-low trading fees, and flexible leverage. I conducted a comprehensive Exness review to evaluate if the Exness trading environment offers traders a competitive edge. Should you open an account with Exness?
Yudha
Jun 19 2023
@Yasin Are: Yes, opening an account with Exness can be a good choice for several reasons. They have impressive order and volume statistics, indicating a high level of market liquidity. This means you can execute trades efficiently without experiencing significant slippage. Moreover, Exness has a strong track record in client withdrawals, with over $1.1 billion processed quarterly. This demonstrates their commitment to timely and reliable fund withdrawals.
Exness offers popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are well-regarded for their advanced charting tools and automated trading capabilities. These platforms are user-friendly and provide a range of features that can enhance your trading experience. Additionally, Exness has developed two proprietary trading platforms, providing further options and flexibility.
One of the standout features of Exness is their ultra-low trading fees. This can be particularly beneficial for active traders who want to minimize their transaction costs. Furthermore, Exness offers flexible leverage options, allowing you to adjust your position sizes according to your risk tolerance and trading strategy.
Kushina Till
Aug 6 2023
Hello everyone! It appears that Exness has a strong platform. While they offer a relatively small number of instruments, around 200 compared to other brokers, they do provide two standard account options for beginners: the Standard and Standard Cent accounts. What's noteworthy is that the minimum deposit required is quite reasonable at just $10, which is lower compared to other brokers.
The aspect that's causing some confusion for me revolves around the trading platforms they offer, namely MetaTrader 4 and MetaTrader 5. I find both platforms to be appealing in their own ways. MetaTrader 4 boasts a user-friendly interface while MetaTrader 5 offers a broader array of powerful tools, making it more suitable for experienced traders.
Despite not being a complete novice in trading, I still find myself in a bit of a dilemma when it comes to choosing between these two platforms. Apart from the fact that they offer the same instruments, the number of available accounts doesn't differ significantly. Moreover, market execution is relatively easy and quick, depending on the type of account. This leads me to wonder, is it possible to open accounts simultaneously on both platforms (MT4 and MT5)? It's proving to be quite a tough decision for me.
Yolanda
Aug 8 2023
I used to face a similar dilemma, struggling to decide which trading platform to opt for. Each platform has its own set of pros and cons. MetaTrader 5 represents the cutting-edge 5th generation trading platform developed by the renowned trading software company, MetaQuotes Software Corp. On the other hand, MetaTrader 4 is the upgraded version of its predecessor, MetaTrader 4, offering extra features and tools such as new order options and customizable time frames.
However, it's important to note that if you open a MetaTrader 4 account, you won't be able to access MetaTrader 5 using your MT4 credentials, and vice versa. To have accounts for both MT4 and MT5, you'll need to create separate trading accounts for each.
In my opinion, when deciding which account suits you better, it's essential to consider other factors as well if you aim to succeed in trading. It's not just about looking at the advantages of each platform; rather, it's about tailoring your choice to your specific needs. Nevertheless, I've observed that many traders still prefer the MT4 platform, primarily because it's user-friendly and compatible with various technical indicators developed in the MQL4 programming language.
Read more: MT4 or MT5, Which Platform Should You Choose?
Karreen
Aug 19 2023
Based on my personal experience, I have experimented with trading through various brokers. What I particularly appreciate about IC Markets is their withdrawal process, which, in my opinion, is quite efficient. The processing time for funds is relatively short, comparable to other brokers. In contrast, it's not uncommon for brokers to impose lengthy withdrawal periods, sometimes even up to 7 days or more. Fast withdrawal processing instills a greater sense of security among traders regarding their funds.
Typically, I opt for the international bank transfer method when making withdrawals because I find it more convenient. I'm curious, though, if there are any fees associated with withdrawing funds using the international bank transfer method at IC Markets? I would greatly appreciate it if someone could provide clarification on this matter.
Reiner
Aug 21 2023
According to the explanation provided in this article and the information on the website, XM Broker does not impose any charges for withdrawals, even if the withdrawal method involves international bank wire transfers. However, it's essential to note that IC only covers fees for withdrawals exceeding 200 USD. Nonetheless, these expenses may arise due to third-party entities, including:
1. Intermediary bank fees: When withdrawing funds from an account held by a foreign institution rather than the local bank, the transaction may pass through one or more intermediary banks.
2. Currency conversion fees: If your account is in a currency different from the local bank, there might be a need to convert the funds into the local currency before withdrawing them.
3. Local bank fees: Some local banks may impose additional charges for receiving or processing wire transfers and other electronic transactions.
In reality, besides IC, numerous other brokers also provide fee-free withdrawals. Therefore, when selecting a broker, ensure that their features, services, and available instruments meet your needs. Your primary consideration should be minimizing costs. For further information, you can refer to the following source: How to choose a broker based on trading fees
Leslie
Feb 23 2024
According to the article, Perfect Money incurs deposit fees of approximately 1.99%, with transaction fees averaging around 0.5% per transaction. With this information in mind, I'm interested in determining whether these fees are generally perceived as high or low when compared to alternatives like bank transfers.
Joshua
Feb 26 2024
Hey there! Considering the data provided, the fees associated with Perfect Money, including the 1.99% deposit fee and the 0.5% transaction fee, may be regarded as relatively moderate in comparison to alternative payment methods like bank transfers. Bank transfers often entail a variety of fees, which can include flat fees per transaction or percentage-based fees depending on factors such as the amount transferred and the financial institutions involved. In many instances, the fees associated with bank transfers tend to be higher than those charged by e-wallet services such as Perfect Money. However, the perception of whether these fees are high or low can vary significantly based on individual preferences, financial circumstances, and the specific attributes of each payment method. Factors such as the convenience, speed, reliability, and additional services offered by each payment option also play a significant role in determining the overall value proposition for users. Therefore, while Perfect Money's fees may be considered reasonable in comparison to bank transfers, users may ultimately evaluate their appropriateness based on their own needs and priorities in conducting financial transactions.