Best Perfect Money Forex Brokers
Written by Marcus Taylor
September 08, 2022
About Perfect Money
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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.Best Perfect Money Forex Brokers
Here are the best forex brokers accepting perfect money.
-
IG
- 9.9/10 Overall
- Saxo Bank - 9.7/10 Overall
- Interactive Brokers - 9.7/10 Overall
- CMC Markets - 9.6/10 Overall
- TD Ameritrade - 9.5/10 Overall
-
FOREX.com
- 9.3/10 Overall
- City Index - 9.2/10 Overall
- XTB - 9/10 Overall
- eToro - 8.8/10 Overall
Overall Rating
9.9
/ 10
Minimum Initial Deposit
£250.00
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 0.86 (September 2022) |
| All-in Cost EUR/USD - Active | 0.5957 (September 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1974 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 7 |
| Tier-2 Licenses | 2 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 19537 |
| Forex Pairs (Total) | 100 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 33 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.7
/ 10
Minimum Initial Deposit
€2,000
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 0.9 (September 2022) |
| All-in Cost EUR/USD - Active | 0.7 (September 2022) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1992 |
| Publicly Traded (Listed) | No |
| Bank | Yes |
| Tier-1 Licenses | 6 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 60000 |
| Forex Pairs (Total) | 190 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 62 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.7
/ 10
Minimum Initial Deposit
$0
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 0.6 (Aug 2022) |
| All-in Cost EUR/USD - Active | 0.6 (Aug 2022) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | No |
Regulation
| Year Founded | 1977 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 8 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 8500 |
| Forex Pairs (Total) | 90 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 128 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.6
/ 10
Minimum Initial Deposit
$0
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 0.51 (August 2022) |
| All-in Cost EUR/USD - Active | 0.51 (August 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1989 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 5 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 12377 |
| Forex Pairs (Total) | 158 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 84 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.5
/ 10
Minimum Initial Deposit
$0
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 1.25 pips (September 2022) |
| All-in Cost EUR/USD - Active | 1.25 pips (September 2022) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | No |
Regulation
| Year Founded | 1955 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 0 |
Investment Options
| Forex Trading | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 0 |
| Forex Pairs (Total) | 73 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 360 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.3
/ 10
Minimum Initial Deposit
$100
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 1.0 (July 2022) |
| All-in Cost EUR/USD - Active | 1.0 (July 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1999 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 2 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 5500 |
| Forex Pairs (Total) | 91 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 203 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.2
/ 10
Minimum Initial Deposit
£100.00
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 1.0 (July 2022) |
| All-in Cost EUR/USD - Active | 1.0 (July 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1983 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 3 |
| Tier-2 Licenses | 2 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 13500 |
| Forex Pairs (Total) | 84 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 88 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9
/ 10
Minimum Initial Deposit
$0
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 1.07 (Q3 2022) |
| All-in Cost EUR/USD - Active | 1.04 (Q3 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 2002 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 3 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 12000 |
| Forex Pairs (Total) | 49 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 39 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
8.8
/ 10
Minimum Initial Deposit
$10-$10,000
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 1 (August 2021) |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 2007 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 3458 |
| Forex Pairs (Total) | 49 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 66 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | No |
| Economic Calendar | Yes |
How to get started with Perfect Money
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 & Disadvantages of Perfect Money
Advantages include:
- Customer support 24 hours a day, 7 days a week, 365 days a year
- The ability to perform a variety of actions, from paying a business associate to converting currency
- The ability to have several accounts associated with a single IP address and user
Disadvantages include:
- Having to wait 3-5 days for bank deposits to clear
- Needing to withdraw a minimum of $300 to your bank when you make a withdrawal
- Currency conversion rates are not always the best on the market
Using Perfect Money
Fees
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.
Account Types
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.
Deposit methods:
Bank wire, Bitcoin, credit or debit cards and online exchange services.
Withdrawal methods:
Bank wire, Bitcoin, credit or debit cards and online exchange services.
Typical withdrawal processing times:
3-5 working days.
Typical deposit processing times:
3-5 working days.
How secure is it?
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.
Top Perfect Money Alternatives
Some of the most popular alternative methods for funding a trading account include:
- PayPal
- Neteller
- Best Forex Brokers Skrill
BrokerNotes.co 2022 Overall Rankings
To recap, here are our top forex brokers for 2022, sorted by Overall ranking.
| Company | Overall Rating | Minimum Initial Deposit | Average Spread EUR/USD - Standard | Trust Score | Trust Score | Tradeable Symbols (Total) | Visit Site |
 IG
|
9.9 | £250.00 | 0.86 (September 2022) | 99 | Highly Trusted | 19537 |
Visit Site
|
|
Saxo Bank
|
9.7 | €2,000 | 0.9 (September 2022) | 99 | Highly Trusted | 60000 | |
|
Interactive Brokers
|
9.7 | $0 | 0.6 (Aug 2022) | 99 | Highly Trusted | 8500 | |
|
CMC Markets
|
9.6 | $0 | 0.51 (August 2022) | 99 | Highly Trusted | 12377 | |
|
TD Ameritrade
|
9.5 | $0 | 1.25 pips (September 2022) | 99 | Highly Trusted | 0 | |
 FOREX.com
|
9.3 | $100 | 1.0 (July 2022) | 99 | Highly Trusted | 5500 |
Visit Site
|
|
City Index
|
9.2 | £100.00 | 1.0 (July 2022) | 99 | Highly Trusted | 13500 | |
|
XTB
|
9 | $0 | 1.07 (Q3 2022) | 95 | Highly Trusted | 12000 | |
|
eToro
|
8.8 | $10-$10,000 | 1 (August 2021) | 93 | Highly Trusted | 3458 | |
 Swissquote
|
8.7 | $1000 | N/A | 99 | Highly Trusted | 466 | |
 AvaTrade
|
8.6 | $100 | 0.91 (Aug 2020) | 93 | Highly Trusted | 1260 | |
 FXCM
|
8.5 | Starts from $50 | 1.38 (Q2 2022) | 96 | Highly Trusted | 441 | |
 Plus500
|
8.5 | €100 | 0.6 (as of Aug 2018) | 98 | Highly Trusted | 2800 | |
 Capital.com
|
8.4 | $20 | 0.6 (July 2021) | 77 | Average Risk | 6000 | |
 XM Group
|
8.4 | $5 | 1.6 (Aug 2020) | 90 | Trusted | 1372 | |
 Pepperstone
|
8.4 | $200 | 0.77 (September 2022) | 93 | Highly Trusted | 1200 | |
 OANDA
|
8.4 | $0 | 1.26 (5/22-5/27/22) | 92 | Highly Trusted | 124 | |
 Admiral Markets
|
8.3 | $100 | 0.8 (July 2021) | 87 | Trusted | 8425 | |
 FP Markets
|
8.3 | $100 AUD | 1.2 (August 2022) | 86 | Trusted | 10000 | |
 IC Markets
|
8.2 | $200 | 0.62 (August 2022) | 86 | Trusted | 3583 | |
 Markets.com
|
8.2 | $100 | 1.9 (as of Oct 2019) | 98 | Highly Trusted | 2179 | |
 FxPro
|
8.1 | $100 | 1.51 (August 2020) | 90 | Highly Trusted | 2249 | |
 Fineco Bank
|
7.9 | $0 | N/A | 92 | Highly Trusted | 126 | |
 Tickmill
|
7.9 | $100 | 0.51 (August 2022) | 82 | Trusted | 295 | |
 BlackBull Markets
|
7.9 | $0 | 0.827 (August 2022) | 74 | Average Risk | 26000 | |
 DooPrime
|
7.8 | $100 | -1 | 84 | Trusted | 10000 | |
 BDSwiss
|
7.8 | $100-$5000 (depending on account type) | 1.6 (08/10/22) | 83 | Trusted | 1081 | |
 TMGM
|
7.8 | $100 | 0.96 (July 2021) | 79 | Average Risk | 12000 | |
 HFM
|
7.7 | $5 | 1.2 (August 2021) | 85 | Trusted | 3500 | |
 FlowBank
|
7.7 | $0.00 | N/A | 77 | Average Risk | 408600 | |
 HYCM (Henyep)
|
7.7 | $100 | 0.6 (Sept 2021) | 86 | Trusted | 245 | |
 Vantage
|
7.7 | $50 | 1.22 (August 2021) | 83 | Trusted | 1000 | |
 Trading 212
|
7.6 | EUR 10 | N/A | 77 | Average Risk | 1785 | |
 Eightcap
|
7.6 | $100 | 1.0 (Aug 2022) | 87 | Trusted | 326 | |
 Trade Nation
|
7.5 | $0 | 0.6 | 83 | Trusted | 601 | |
 Moneta Markets
|
7.5 | $50 | 1.27 (September 2022) | 71 | Average Risk | 965 | |
 ThinkMarkets
|
7.4 | $250.00 | N/A | 86 | Trusted | 1674 | |
 VT Markets
|
7.4 | $200 | 1.2 (September 2021) | 71 | Average Risk | 168 | |
 ACY Securities
|
7.4 | $50 | 1.2 (Sept 2021) | 75 | Average Risk | 1600 | |
 easyMarkets
|
7.3 | $100 | 0.9 (as of Mar 2020) | 84 | Trusted | 199 | |
 RoboForex (RoboMarkets)
|
7.3 | $100 | 1.4 (Jan 2022) | 69 | High Risk | 12000 | |
 IronFX
|
7.2 | $50 | 1.2 | 84 | Trusted | 340 | |
 Exness
|
7.2 | $1 | 0.9 (as of May 19) | 74 | Average Risk | 112 | |
 Spreadex
|
7.2 | $0 | -1 | 70 | Average Risk | 2000 | |
 Trade360
|
7.1 | $250 | N/A | 75 | Average Risk | 1062 | |
 AxiTrader
|
7.1 | 0 | N/A | 83 | Trusted | 175 |
Visit Site
|
 GKFX
|
7.1 | $0 | N/A | 66 | High Risk | 354 | |
 Vestle
|
7.1 | -1 | -1 | 79 | Average Risk | 750 | |
 OctaFX
|
7 | $25 | 0.6 (August 2021) | 67 | High Risk | 80 | |
 FXOpen
|
7 | $100 | N/A | 80 | Trusted | 87 | |
 TeleTrade
|
7 | $100 | -1 | 67 | High Risk | 500 | |
 FXPrimus
|
6.9 | $100 | N/A | 69 | High Risk | 140 |
Visit Site
|
 Forex4you
|
6.9 | $0 | -1 | 62 | High Risk | 150 | |
 LegacyFX
|
6.9 | $500 | 0 | 75 | Average Risk | 425 | |
 GBE brokers
|
6.8 | $500 | -1 | 69 | High Risk | 500 | |
 Alpari
|
6.8 | $20 | N/A | 67 | High Risk | 105 | |
 TopFX
|
6.7 | Depends on payment method | N/A | 67 | High Risk | 655 | |
 Libertex (Forex Club)
|
6.7 | $10 | -1 | 72 | Average Risk | 300 | |
 ATFX
|
6.6 | $500 | -1 | 70 | Average Risk | 150 | |
 UFX
|
6.6 | $100 | 3 (Jan 2021) | 67 | High Risk | 619 | |
 Xtrade
|
6.5 | $250 | -1 | 80 | Trusted | 142 | |
 Tradeo
|
6.4 | $200 | -1 | 67 | High Risk | 256 |
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
Marcus Taylor
BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.