There are many options for making deposits and withdrawals at forex brokers, one of which is through Perfect Money. The advantage that attracts many brokers to partner with Perfect Money is the low commission because it is well-known as the lowest compared to other e-Payments.

Perfect Money at a Glance

Perfect Money is a financial service that makes it easy for users to make instant online payments and transfer money safely to various parts of the world. For this reason, forex brokers don't want to miss out on adding Perfect Money to their list of payment methods.

Efficiency and relatively fast processing time are some of the things that traders look for when making payments via Perfect Money. Apart from that, you don't need to bother calculating the exchange rate because Perfect Money immediately displays the amount of transaction on the payment page. The e-payment company has also collaborated with various banks around the world, so you don't need to open your own international bank account.

For those of you who are interested in making payments via Perfect Money, you can try it through the following forex brokers.

FBS

When talking about various services and transaction features, you can't miss FBS broker. Not only does it offer exciting programs and promotions, this broker, which has recorded more than 10 million users, also continues to innovate by continuing to add transaction methods, one of which is Perfect Money.

The minimum Perfect Money transaction at FBS is only $5. Deposits will be processed instantly, while withdrawals will be processed within 15-20 minutes. The commission charged for Perfect Money transactions at this broker is 0.5% - 1.99%.

Exness

As a broker that has been established since 2008 and is based on a deep understanding of traders' needs, Exness also offers various transaction methods ranging from wire transfers, local banks, to e-payments like Perfect Money. Making payment transactions via Perfect Money at Exness incurs a commission fee of only 0.5%, so it is very useful for traders who frequently fund and withdraw from their accounts.

The currency for Perfect Money transactions at Exness broker so far is only USD. The minimum deposit is set at $10, with the maximum amount set at $100,000 per transaction. It should be noted that if you make a deposit using an e-payment in this broker, you must make sure that the withdrawal is processed with the same payment method. Additionally, Perfect Money transactions on Exness are not available for Kenyan, Chinese, and Vietnamese clients.

FXTM

FXTM broker also includes Perfect Money as one of the e-payments that traders can choose. There are no transaction fees for the deposit process, but Perfect Money withdrawals at this broker will be charged 0.5% of the transaction amount. Traders can use USD and EUR for their account currencies.

Interestingly, there is no minimum limit for each transaction. FXTM traders don't have to wait long because the processing time for deposits is instant. Meanwhile, withdrawals via Perfect Money only require 24 working hours.

FirewoodFX

FirewoodFX is committed to providing the best trading conditions for beginners. Since it was founded in 2014, this broker has focused directly on the Asian market.

For this reason, the fixed rate provider also offer various transaction methods. Apart from wire transfers and FasaPay, Perfect Money is one of the alternative E-Payments provided by FirewoodFX. To make transactions via Perfect Money at this broker, the minimum deposit is just $1 and no commission is charged. Meanwhile, the commission for withdrawals follows Perfect Money's terms and conditions.

LiteFinance

0% commission and minimum transaction of $10 are features that can be enjoyed if you choose Perfect Money in LiteFinance . This cent account pioneer accepts EUR and USD as their currency account.

Apart from Perfect Money, other electronic payments available at LiteFinance include Bitcoin. For bank transfers, this forex broker not only provides wire transfer but also process deposits and withdrawals via local banks.

JustMarkets

In addition to the brokers above, JustMarkets also provides payments via Perfect Money in USD and EUR. The advantages offered by Perfect Money make JustForex include it as a popular payment method because traders can enjoy instant transaction processes, 0% commission, and a minimum deposit of only $10.

Not only the deposit process, withdrawal via Perfect Money at this broker is relatively faster because it only takes 5 minutes. This is certainly more beneficial than the conditions in other withdrawal methods.

FP Markets

Perfect Money on FP Markets supports transactions in USD. If you use MT4/5, the deposit process is instant. Meanwhile, if you prefer the Iress platform, your deposit will be processed within 1 working day. FP Markets prioritizes convenience by not charging deposit fees.

Advantages of Perfect Money

There are many advantages of Perfect Money which make it increasingly sought after by many traders, including:

• Relatively small transaction commission compared to other e-payment services.
• Provide interest up to 4% per year, calculated from the amount of funds stored in the client's account.
• Virtual accounts for conventional currencies, exchangers, as well as cryptocurrencies.
• Accessible to many countries as the official website supports more than 10 languages.

Perfect Money Account Types

When registering to Perfect Money, three different statuses would be available for you:

1. Normal
   This is the standard account given to every new registrant. There are no limits placed on this account, but users can upgrade to premium if they want to get additional features.
2. Premium
   Premium accounts are given to users who have actively used a Perfect Money account for a year. If you use a premium account, the commission is set lower and there is priority service. This will certainly be very useful for traders who frequently make deposit and withdrawal transactions.
3. Partner
   Partner accounts are subject to stricter policies. The advantage is that this account provides optimal service for websites that frequently carry out business transactions. This account is typically used by brokers to add Perfect Money to their payment services.

Apart from Perfect Money, another e-payment that is widely used by forex traders is Neteller. What are the advantages and which brokers provide them? Find it at Forex Brokers Providing Deposits Via Neteller.