Best Perfect Money Forex Brokers
Perfect Money forex brokers allow investors to fund to their trading accounts using a convenient online payment system. In this guide, we share our pick of the best forex brokers that accept Perfect Money, taking into account:
The minimum deposit
The fees for using Perfect Money
The speed of deposits and withdrawals
The quality of forex trading conditions
The regulation and reputation of the broker
List of Best Forex Brokers Accepting Perfect Money 2023
These are the top 5 forex brokers who support Perfect Money based on our tests:
- XM: Best Overall Perfect Money Forex Broker
- AvaTrade: Best Forex Broker For Beginners
- Fusion Markets: Best Forex Market Coverage
- RoboForex: Best MetaTrader Forex Broker
- ForexChief: Best For High Leverage
Note, the time it takes for funds to reach your account may vary.
XM: Best Overall Perfect Money Forex Broker
💵 CurrenciesUSD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF
🛠 PlatformsMT4, MT5
GBPUSD: 1.9 EURUSD: 1.6 GBPEUR: 1.8
🪙 Minimum Deposit$5
Bonus Offer$50 No Deposit Bonus When You Register A Real Account, Deposit Bonus Up To $5000, Free VPN Service
Why We Recommend XM
We recommend XM because it offers the complete package for forex traders, with low fees, excellent tools and an accessible $5 minimum deposit. The forex broker is also regulated by top-tier bodies including the FCA, CySEC and ASIC.
Forex traders who transfer to XM using Perfect Money get fee-free deposits and withdrawals, with instant processing.
We explain why XM is our top-rated Perfect Money forex broker below.
Pros/Cons of XM
Immediate deposits and withdrawals via Perfect Money with no fees
My tests show that XM offers near-instant deposits and withdrawals with Perfect Money – faster than most forex brokers I have evaluated.
There are also no transaction fees on the broker’s side, plus a good range of base currencies including USD, EUR, GBP and JPY, making XM convenient for global traders.
Trusted forex broker regulated by 7 financial bodies
XM is a legitimate, trusted and respected forex broker. With oversight from multiple top-tier regulators, including the FCA, ASIC, CySEC and DFSA, clients can trade forex with confidence.
The broker also provides safeguards that I view as key, including negative balance protection and segregated accounts. The former means my account balance won’t drop below zero so I can’t become indebted to XM, while the latter helps prevent the broker from misappropriating client funds.
Low trading fees on 55+ currency pairs with spreads from 0.0 pips
XM offers below-average trading fees. For example, my assessment found spreads from 0.0 pips with a $3.50 commission in the Zero account, making this an attractive option for active traders looking for the lowest spreads.
Alternatively, the Ultra Low Micro and Ultra Low Standard accounts offer commission-free trading with spreads from 0.6 pips. Again, this is lower than most alternatives I have tested.
No proprietary platform for trading forex
Whilst XM offers the popular MetaTrader 4 and MetaTrader 5 platforms, the forex broker doesn’t offer a proprietary trading platform.
This is a minor complaint for me, as the MetaTrader suite is excellent for forex trading, but some new traders may prefer a no-frills proprietary platform.
Why Is XM Better Than The Competition?
XM excels for its convenient account funding with Perfect Money – there are no fees, funds are processed quickly and the $5 minimum deposit lowers the entry requirements for beginners.
XM is also one of the most heavily regulated forex firms, making it one of the most trusted Perfect Money forex brokers that I assessed.
Who Should Choose XM?
My evaluation shows that XM is an excellent forex broker for traders of all skill levels, trading styles and budgets.
The $5 low deposit, high-quality market research and strong education make it good for new traders. Equally, the Zero account is great for active traders looking for the tightest spreads with a VPS also available to boost the speed of trades.
Who Should Avoid XM?
Forex traders looking for a basic, alternative platform to MT4 or MT5 should avoid XM. The broker does not support such a platform and the MetaTrader suite comes with a learning curve based on my experience.
I also don’t recommend XM for casual investors – there is a monthly inactivity fee after three months, a charge which can be avoided at alternatives I have evaluated, such as Fusion Markets.
AvaTrade: Best Forex Broker For Beginners
💵 CurrenciesUSD, EUR, GBP, CAD, AUD
🛠 PlatformsMT4, MT5, AlgoTrader, TradingCentral, DupliTrade
GBPUSD: 1.5 EURUSD: 0.9 GBPEUR: 1.5
🪙 Minimum Deposit$100
Bonus OfferWelcome bonus 20% up to 10.000$
Why We Recommend AvaTrade
We recommend AvaTrade because it offers everything beginners need to start trading forex. There is a comprehensive suite of education and trading tools, with authorization from trusted regulators.
Funding your AvaTrade account with Perfect Money is also easy – there are no fees and your capital should be available within 24 hours.
Below we explain why AvaTrade is one of the top forex brokers accepting Perfect Money deposits.
Pros/Cons of AvaTrade
Fee-free and near-immediate Perfect Money deposits
AvaTrade offers fast and free payments via Perfect Money, with deposits reaching your account within 24 hours and withdrawals processed within 48 hours. These lead times compare well to other forex brokers I have tested.
Making a payment in the Client Area is also straightforward. Simply head to the ‘Deposit’ or ‘Withdraw’ section, enter the amount, choose ‘Perfect Money’, and then confirm the transaction.
Excellent suite of forex education and trading resources
My examination shows that AvaTrade offers best-in-class education and learning materials for beginners. There is a vast library of trading courses, e-books, platform tutorials and forex guides. Access to the AvaTrade Academy is also free for registered clients.
The best resource for me is the guides on technical analysis indicators and strategies. I find these really helpful for learning which indicators to apply on the MetaTrader 4 platform.
Unique risk-management tools including Guardian Angel or AvaProtect
My testing shows that AvaTrade offers bespoke risk management tools that you can’t find elsewhere. This includes the Guardian Angel MT4 plugin that alerts me to potential risks by scanning market alerts, identifying strong/weak trading performance, unusual volatility and more.
The forex broker’s AvaProtect function is also impressive. It can protect my forex trades against losses of up to $1 million over a specified duration, in return for a fee. I especially like how easy AvaProtect is to use on the web platform. Once I’ve set up my trade parameters, I simply toggle the ‘AvaProtect’ icon in the interface to set it up.
Average trading fees with additional charges
Whilst AvaTrade offers commission-free trading with no deposit or withdrawal charges, there may be additional fees. This includes a $50 inactivity fee after three months and a $100 administration fee, which is steep compared to other Perfect Money forex brokers I have assessed.
Also, spreads on forex assets are reasonable but not the lowest. During testing, I got a 1.0 pip spread on EUR/USD and 1.5 pips on the GBP/USD.
Why Is AvaTrade Better Than The Competition?
AvaTrade is a stand-out broker for its wide range of forex education and risk management tools. The broker’s MT4 Guardian Angel plug-in and AvaProtect function are fairly unique and can give comfort to aspiring traders.
AvaTrade is also tightly regulated in multiple jurisdictions, giving it a high trust score. The forex broker holds licenses from the ASIC, CySEC, FSCA, and more.
Who Should Choose AvaTrade?
Beginners looking for a one-stop-shop to learn about foreign exchange markets and start trading should choose AvaTrade. The education, risk management tools and platforms have all been designed with aspiring traders in mind.
If you want fast and commission-free deposits with Perfect Money, you should also consider AvaTrade. In addition, the cashier portal is one of the easiest I have used.
Who Should Avoid AvaTrade?
You should avoid AvaTrade if you want the lowest fees – spreads came in around average during my tests. Equally, high-volume traders looking for raw-spread ECN pricing should consider alternatives.
Casual investors should also avoid AvaTrade – there is a $50 inactivity fee after 3 months.
Fusion Markets: Best Forex Market Coverage
💵 CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
🛠 PlatformsMT4, MT5, cTrader, DupliTrade
GBPUSD: 0.0 EURUSD: 0.0 GBPEUR: 0.0
🪙 Minimum Deposit$0
Why We Recommend Fusion Markets
We recommend Fusion Markets because it offers a huge suite of forex assets, with 90+ currency pairs and tight spreads. My tests show that Fusion Markets also provides an excellent suite of trading tools, from MetaTrader to cTrader.
Below we explain the key reasons why Fusion Markets is one of the best forex brokers supporting Perfect Money.
Pros/Cons of Fusion Markets
Fee-free deposits with Perfect Money and fast processing
Fusion Markets allows you to deposit for free using Perfect Money and there is no minimum deposit, making it great for forex traders on a budget.
The payment process is also very straightforward after logging in. I was able to deposit with Perfect Money in a few seconds by clicking on ‘Payments’ in the client area, and then completing the information in the ‘Deposit’ tabs.
90+ currency pairs with spreads from 0.0 pips
Serious forex traders can access an extensive selection of over 90 forex pairs, which is on the upper end of brokers I have reviewed.
With a breadth of low and high volatility currency pairs, there are ample trading opportunities for active forex investors.
Powerful and reliable trading tools, including MT4 and cTrader
I am confident that Fusion Markets’ suite of platforms will serve traders of all strategies and skill levels.
Alongside the industry-leading MT4, MT5 and cTrader platforms, the broker supports Myfxbook Autotrade, DupliTrade, an in-house copy-trading platform, and market analysis tools.
The feature I find most useful is Market Buzz. This is a cutting-edge AI tool that I’ve not seen at other Perfect Money forex brokers. It scans thousands of global news sources to identify price fluctuations and show market sentiment.
The forex demo account expires after 30 days
My testing of Fusion Markets found that the demo account is only available for 30 days. While not a dealbreaker in my view, I favor forex brokers with unlimited paper trading accounts so I can continue to test strategies after I’ve opened a live account.
Average education for new forex traders
I haven’t been impressed with the educational materials at Fusion Markets. With no academy-style training guides or courses, there is little to help beginners navigate the foreign exchange market.
Why Is Fusion Markets Better Than The Competition?
Fusion Markets offers more forex assets than almost every alternative I examined. With over 90 currency pairs, spanning majors, minors and exotics, serious forex investors won’t be short of opportunities.
The suite of platforms is also top-notch, from reliable packages like MetaTrader and cTrader to AI-enabled market analysis functions that aid the decision-making process.
Finally, deposits and withdrawals are free via Perfect Money and using the broker’s cashier portal is easy.
Who Should Choose Fusion Markets?
My analysis shows that Fusion Markets is best for serious forex traders. The wide choice of currency pairs with competitive fees is hard to beat.
Fusion Markets is also great if you want support with trading decisions, either through market research tools or copy trading platforms like DupliTrade.
Who Should Avoid Fusion Markets?
Forex traders looking for an unlimited demo account should avoid Fusion Markets – it will automatically expire after 30 days.
New traders looking for educational materials should also steer clear of Fusion Markets – there is little of value to support beginners. Alternatives I have used like AvaTrade perform much better here.
RoboForex: Best MetaTrader Forex Broker
💵 CurrenciesUSD, EUR
🛠 PlatformsMT4, MT5
GBPUSD: 2 EURUSD: 1.4 GBPEUR: 1.6
🪙 Minimum Deposit$10
Bonus Offer$30 No Deposit Bonus
Why We Recommend RoboForex
We recommend RoboForex because it offers an excellent range of reliable platforms, including MetaTrader 4, MetaTrader 5, a proprietary platform, and a copy trading solution.
The $10 minimum deposit is also accessible and you can fund your account with Perfect Money in a few straightforward steps.
We explain why RoboForex makes our list of the best Perfect Money forex brokers below.
Pros/Cons of RoboForex
Deposits and withdrawals are processed within 1 day via Perfect Money
Perfect Money deposits and withdrawals are processed within 1 day through the Members Area.
Minimum transfers are also reasonable, with Perfect Money deposits requiring at least $5, and withdrawals only requiring a minimum of $0.10.
In addition, I found there is a Free Fund Withdrawal program which allows you to withdraw for free via any payment method twice a month.
Excellent trading platforms including MT4, MT5 and CopyFX
Forex traders of all experience levels and strategies will be catered for at RoboForex. Aspiring investors will appreciate the reliable MetaTrader 4 solution, as well as copy trading in the broker’s in-house CopyFX tool.
Alternatively, my assessment found that MetaTrader 5 will serve experienced forex traders who want faster processing and a wider range of indicators and order types, plus an integrated news feed. There is also free VPS hosting for serious forex traders.
In-platform analytics centre with forex market data and signals
RoboForex clients get access to an integrated analytics centre with a range of tools to elevate the forex trading experience. These include forex signals and an economic calendar.
I particularly like the video analytics feed with easy-to-follow forecasts of major assets across the trading week.
A choice of accessible trading accounts and low deposits from $10
RoboForex offers Cent, Prime and ECN accounts to suit traders with different skill levels, trading strategies and capital requirements.
I recommend the Cent solution for beginners – the starting deposit is low at $10 and micro-lot trading is available. The ECN account is my pick for experienced traders, with floating spreads from 0.0 pips and faster execution speeds.
0.5% fee for deposits and withdrawals with Perfect Money
RoboForex charges a 0.5% fee for both deposits and withdrawals via Perfect Money. This is a shame since other forex brokers on our list let you fund and withdraw for free.
Slim range of forex assets with 30+ currency pairs
RoboForex offers a modest range of 36 currency pairs, which may not be a wide enough selection for serious forex traders. In particular, there is a narrow choice of volatile exotic currencies.
Why Is RoboForex Better Than The Competition?
RoboForex stands out for its high-quality trading platforms. With more choices than most Perfect Money forex brokers I have tested, I am comfortable that traders will find a solution that suits their trading style.
RoboForex is also good if you want support with trading decisions. The integrated analytics hub offers a range of useful forex tools, including signals, video analysis and an economic calendar.
Who Should Choose RoboForex?
RoboForex will serve new and experienced traders looking for a range of accessible accounts, platforms and trading tools.
The low deposit and commission-free trading on the Pro account make this broker accessible to newer traders, whilst the ECN solution with zero-pip spreads and faster execution speeds will serve active forex traders.
Who Should Avoid RoboForex?
RoboForex isn’t best if you want to trade a wide range of currency pairs, especially exotics. Alternatives like Fusion Markets offer better coverage of the foreign exchange market.
I would avoid RoboForex if you want fee-free deposits and withdrawals with Perfect Money. While you get two free withdrawals per month, there is a 0.5% charge on deposits and subsequent withdrawals.
ForexChief: Best For High Leverage
💵 CurrenciesUSD, EUR, GBP, JPY, CHF
🛠 PlatformsMT4, MT5
GBPUSD: 0.9 EURUSD: 0.4 GBPEUR: 0.9
🪙 Minimum Deposit$10
Bonus Offer$100 No Deposit Bonus
Why We Recommend ForexChief
We recommend ForexChief because it offers high leverage on forex with turnover rebates for high-volume traders and ECN accounts with tight spreads.
Transferring funds via Perfect Money is also fast and straightforward, plus there is no minimum deposit, reducing the entry barrier.
Below we explain why ForexChief ranks as one of the top forex brokers that accept Perfect Money.
Pros/Cons of ForexChief
Instant deposits via Perfect Money and withdrawals processed in 1 day
Perfect Money users can expect instant deposits at ForexChief and fast withdrawals processed within 1 business day. These are competitive lead times and will serve active traders who need to move money quickly.
The deposit process is also simple and only took me a few seconds after logging in to my ForexChief account. Simply select ‘Deposit Funds’ from the side menu, choose Perfect Money, the transfer currency, amount and account, and then hit ‘Confirm’.
Trade forex with very high leverage up to 1:1000
ForexChief offers higher leverage on currencies than nearly every forex broker I have tested. You can trade forex with up to 1:1000 if your balance is between $0 and $2,999. This drops to 1:500 leverage for between $3,000 and $19,999.
While high leverage raises the risks for beginners, experienced traders with an effective grip on risk management can magnify their returns by a large factor.
Cash rebates for high-volume forex traders
While not the biggest rebates I have seen, ForexChief offers up to $10 per $1 million traded.
Alongside tight spreads in the broker’s ECN account from 0.0 pips if you deposit $2000, this can be a good way to keep costs down when speculating on the foreign exchange market.
Weak regulatory status lowers the broker’s trust rating
My main criticism is ForexChief’s poor regulatory credentials. The brokerage is authorized by the Vanuatu Financial Services Commission (VFSC), which is an offshore authority with fairly lax requirements.
This means forex traders may not get the same degree of legal protection and safeguards provided by tightly regulated providers.
Transfer fees up to 1.99% for Perfect Money payments
Disappointingly, there is a 1.99% commission for making a deposit with Perfect Money, as well as a 0.5% charge at the withdrawal stage.
Some of the best Perfect Money forex brokers I reviewed charge nothing for deposits or withdrawals, so this is a noticeable drawback.
Why Is ForexChief Better Than The Competition?
ForexChief offers competitive trading conditions for experienced investors, particularly the high leverage, ECN pricing with raw spreads and cash rebates for high-volume traders.
Payment times are also fast with Perfect Money, with near-instant account funding.
Who Should Choose ForexChief?
ForexChief is a top pick for seasoned traders looking for very high leverage on forex with raw spreads and volume rebates.
With access to MetaTrader 4 and MetaTrader 5, ForexChief will also serve investors familiar with the MetaQuotes software and those deploying automated trading strategies.
Who Should Avoid ForexChief?
Forex traders looking for fee-free deposits with Perfect Money should avoid ForexChief – it will cost 1.99% to fund your account.
ForexChief isn’t good if you want a heavily regulated forex broker – its license from the VFSC is not respectable.
With just 30 currency pairs, the broker also isn’t best if you want the greatest access to the foreign exchange market, with a particularly slim offering of exotics.
How To Compare Perfect Money Forex Brokers
To find the best forex brokers that accept Perfect Money deposits, our team evaluated, compared and ranked firms according to several key criteria:
The Minimum Deposit
Our tests show that the best Perfect Money forex brokers have low to no minimum deposit, catering to traders of all budgets.
We consider anything below $500 accessible, though the top Perfect Money forex brokers accept new traders with between $0 and $100.
The Fees For Using Perfect Money
A key consideration in our tests is the presence of any charges to deposit or withdraw using Perfect Money. Forex brokers with fee-free deposits and withdrawals rank highest, while we mark firms’ trading platforms down for levying a charge to use the online payment system.
Importantly, we also weigh the non-trading fees, such as deposits and withdrawals, with the active trading fees, such as spreads and/or commissions. This is important because it ensures our top 5 ranking includes Perfect Money forex brokers that offer a low-cost trading environment.
The Speed Of Deposits And Withdrawals
An important factor in our evaluation is the speed of deposits and withdrawals using Perfect Money. Based on our tests, the top forex brokers accepting Perfect Money offer almost immediate account funding, while withdrawals should be processed within two working days.
Importantly, our experts opened accounts to test and navigate the cashier portal, where possible. This allowed us to find the Perfect Money forex brokers with the most convenient account funding process.
The Quality Of Forex Trading Conditions
The overall competitiveness of forex trading conditions is one of the most important considerations. Only brokers with reliable, powerful and easy-to-use platforms and tools make our rankings.
Equally, our team look for firms with high-quality education and market research tools to improve the forex trading experience. If firms offer below-average or weak resources based on our assessment, we point that out.
In addition, we analyze wider trading conditions, from leverage and execution to transparent pricing.
The Regulation And Reputation Of The Broker
Our analysis shows that the best forex brokers accepting Perfect Money deposits are authorized by trusted regulators. Not only does this add credibility to a firm, but it also ensures safeguards that we consider critical are in place, including segregated accounts and negative balance protection.
Ultimately, choosing a well-regulated forex broker will help protect you from scams and unfair practices.
Which Is The Best Perfect Money Forex Broker?
Based on our tests, XM is the best Perfect Money forex broker. This regulated broker offers fast and fee-free deposits with Perfect Money and a $5 minimum investment.
Other leading forex brokers that accept Perfect Money based on our assessment are AvaTrade, Fusion Markets, RoboForex, and ForexChief.
Can I Use Perfect Money To Fund My Forex Trading Account?
Yes, several forex brokers accept Perfect Money deposits. These include XM, AvaTrade, Fusion Markets, RoboForex, and ForexChief.
Is Perfect Money Good Or Bad For Forex Trading?
Our testing shows that Perfect Money can be a good payment method for funding online forex trading. It is secure, low-cost and convenient. Perfect Money is also supported by several leading forex brokers with a low starting investment of <$100.