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Forex Brokers That Accept Western Union Payment Method for Deposit and Withdrawal

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Recognizing the best forex brokers is not just a matter of identity and basic trading needs. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.

The table below provides what may be necessary for your journey in finding the most ideal broker. Remember to always put your conditions at the front when choosing a forex broker.


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Score Broker Payment Country Min Deposit Max Leverage
144
RoboForex
RoboForex
Western Union
Belize
$50
1 : 400
162
XM
XM
Western Union
United Kingdom
$5
1 : 1000
514
Grand Capital
Grand Capital
Western Union
Russia
$10
1 : 500
468
AAFX Trading
AAFX Trading
Western Union
St. Vincent & the Grenadines
$100
1 : 2000
470
Binary.com
Binary.com
Western Union
Japan
$1
1 : 1000
504
FXPCM
FXPCM
Western Union
United Arab Emirates
$100
1 : 500
688
MaxiMarkets
MaxiMarkets
Western Union
$500
1 : 200


Additional FAQ

We have compiled 10 best-performing forex brokers that are suitable for swing traders in South Africa.

  • IC Markets: IC Markets is particularly suitable for traders who value easy trading execution and low trading costs.
  • Exness: The broker is regulated by several trusted authorities such as the FSCA, FCA, and CySEC.
  • Khwezi Trade: Khwezi Trade supports Rand-based forex and CFD trading with a wide range of trading instruments.
  • FXTM: The broker supports MetaTrader 4 and 5 as trading platforms, both of which can be accessed from various devices such as PC, laptops, tablets, and/or mobile phones.
  • FBS: Traders can open a trading account with only $1 and there is no inactivity fee.
  • AvaTrade: When it comes to trading fees, AvaTrade offers a fixed spread of 0.9 pips per trade.
  • FxPro: The broker also provides customer service that responds quickly and is able to provide relevant answers in multiple languages.
  • FP Markets: One of the greatest advantages of this broker is that it uses true ECN bridges and advanced technology.
  • Pepperstone: Pepperstone is often considered to be the best broker in Australia that's suitable for almost any kind of trader including swing traders.
  • HF Markets: Conveniently, HF Markets offers a ZAR trading account for South African traders as well as USD and EUR accounts.

Continue Reading at 10 Brokers for Swing Trading in South Africa

The advantages of trading with a fixed spread include:

  • Stable spread cost, which allows for more reliable money management strategies.
  • Easier calculation of potential profit and loss for each trade, providing a clear estimate of the spread cost.
  • Protection from extreme spread widening during periods of high market volatility.
  • Enhanced compatibility with trading Expert Advisors (EAs), and automated trading systems.
  • Suitable for beginners who may not be comfortable dealing with fluctuating spreads, aiding in the learning of money management techniques.

Continue Reading at ECN vs Fixed Spread, Which Type is Better?

A-book broker is where orders go directly to the market, while B-book is where orders remain in the company.

A-book companies usually get profits from the spreads and commissions, whereas B-book companies get profits from a financial outcome (everything that a trader lost, the company gained, and vice versa).

Continue Reading at Exposing Forex Broker Secrets

  1. Very fast. Using Skrill won't take much time because every transaction is processed instantly.
  2. Transparent. Skrill offers a transparent report that is published weekly or monthly.
  3. Accepted by many brokers. It won't be difficult for you to find a decent broker that accepts deposits and withdrawals via Skrill.
  4. Free service. No matter the amount or the time you make the transactions, there won't be any fees charged.
  5. Special privileges. Many brokers have partnerships with Skrill and there are extra advantages that come with it. The rewards can be free credits, bonuses, or interesting trading features.

Continue Reading at Skrill for Forex Traders: Benefits and Brokers to Choose