Best Perfect Money Brokers 2024

Perfect Money is an online payment solution offering fund storage via several deposit methods, including wire transfers, e-vouchers and credit cards. The system also provides accounts in several currencies, including Bitcoin, as well as a loan service. This has made it popular with aspiring retail traders.

This review of Perfect Money will explain how it works, plus how it compares to other trading payment methods such as PayPal. We also cover how to open an account, key features, fees, security and supported countries. See our list of the best brokers that accept Perfect Money deposits in 2024 to start trading today.

Best Perfect Money Brokers

After evaluating dozens of platforms, our team consider these 5 the best brokers with Perfect Money:

Perfect Money Brokers Comparison

Perfect Money Brokers Comparison
Broker Minimum Deposit Minimum Trade Instruments Platforms Regulators Visit
AvaTrade logo
- 0.01 Lots CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM Visit
Deriv.com logo
$5 0.01 Lots CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 MFSA, LFSA, VFSC, BFSC Visit
XM logo
$5 0.01 Lots Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures MT4, MT5 ASIC, CySEC, DFSA, FSC, FSCA Visit
LiteForex Europe logo
$50 0.01 Lots CFDs, Forex, Indices, Commodities MT4, MT5 CySEC Visit
RoboForex logo
$10 0.01 Lots CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures R StocksTrader, MT4, MT5, TradingView IFSC Visit
Quotex logo
$10 $1 Digital Options on Stocks, Indices, Forex, Commodities, Cryptos Web Platform, Mobile App - Visit
Fusion Markets logo
$0 0.01 Lots CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, cTrader, TradingView, DupliTrade ASIC, VFSC, FSA Visit
Easy Markets logo
€100 Variable CFDs, Forex, Stocks, Cryptos, Commodities MT4, MT5, TradingView CySec, ASIC, BVI, FSCA Visit
Pocket Option logo
$50 $1 Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos Web, MT4, MT5 MISA Visit
NordFX logo
$10 $1 Forex, CFDs, indices, commodities, cryptos, stocks MT4, MT5 - Visit
M4Markets logo
$5 0.01 Lots Forex, CFDs, Indices, Shares, Commodities, Cryptos MT4, MT5 FSA, CySEC Visit
CloseOption logo
$5 $1 Binary Options on Forex & Cryptos Own National Bank of Georgia Visit
Grand Capital logo
$10 0.01 Lots CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options MT4, MT5 FinaCom Visit
IronFX logo
$100 0.01 Lots Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs) MT4, AutoChartist, TradingCentral CySEC, FCA, FSCA, BMA / Bermuda Visit
4xCube logo
$10 0.01 Lots Forex, CFDs, metals, indices, cryptocurrencies MT4, MT5 FSC Cook Islands Visit

#1 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#2 - Deriv.com

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team
  • Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
  • Regulator: MFSA, LFSA, VFSC, BFSC
  • Platforms: Deriv Trader, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

#3 - XM

Why We Chose XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."

- DayTrading Review Team
  • Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
  • Regulator: ASIC, CySEC, DFSA, FSC, FSCA
  • Platforms: MT4, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots

#4 - LiteForex Europe

Why We Chose LiteForex Europe

LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.

"LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Indices, Commodities
  • Regulator: CySEC
  • Platforms: MT4, MT5
  • Minimum Deposit: $50
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30

#5 - RoboForex

Why We Chose RoboForex

RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.

"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
  • Regulator: IFSC
  • Platforms: R StocksTrader, MT4, MT5, TradingView
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

Perfect Money Overview

Established in 2007, Perfect Money Finance Corp has a good history of providing money services to traders and merchants. The company has its registered office in Panama but has operational headquarters in Zurich and Hong Kong.

The brand aims to provide specialist 24/7 customer support as well as fast transactions and multi-level security. A PM account comes with several features where users can transfer funds between individuals, make direct payments to vendors and create e-vouchers or prepaid cards. The system also offers a built-in Bitcoin wallet, a currency changer service and a mobile app.

List of trading brokers that accept Perfect Money deposits

Pros Of Trading With Perfect Money

Mobile App Review 2024

Perfect Money offers a mobile app that supports full user management and transfers, meaning traders can quickly deposit into their trading platform whilst on the move. If you are an Android (APK) or iOS device owner, the official app download is available from Google Play or the App Store.

Range Of Funding Methods

The payment method accepts deposits and withdrawals via bank wire transfer, Bitcoin, credit and debit cards including Visa and Mastercard, as well as e-vouchers and prepaid cards. Some useful guides on how to fund a Perfect Money account are available on the website.

Accounts

As well as a Dollar and Euro account, traders can also buy and sell Bitcoin or Gold in the BTC and Troy Ounce (Gold) accounts. These are free to set up with straightforward registration forms available on the official site.

You can also sign up with multiple accounts, which may suit investors who want to store funds in various currencies.

Widely Available

You can find the Perfect Money logo at numerous global brands. Supported forex brokers include XM, FXTM and OctaFX. You can also transfer funds to Western Union, Skrill, PayPal, Neteller, WebMoney, or other online payment systems.

Note, it could be worth considering PM brokers that offer a sign up bonus as an added incentive. See our list of supporting brands to get started.

Additional Features

Traders can utilize the online voucher system, as well as over 200 Exchangers (certified partners of Perfect Money, which give you the market exchange rate when making transfers). You can also access currency exchange quotes and news on the user home page, as well as a loan service via Credit Exchange, which is detailed on the website.

On top of that, an API is provided for merchants. This means you can utilize your PM funds at some gambling brokers. Referral invitation codes are also available while a P2P service is at clients’ disposal.

Cons Of Trading With Perfect Money

No Card Storage

Perfect Money acts as a holding wallet but does not offer debit or credit card storage like other e-wallet systems. This may be inconvenient for investors who prefer more choices when depositing to their trading account.

Registration & Verification

After you create an account, you only get access to the full set of functions once the verification procedure is complete. This includes providing personal information such as address and zip code, uploading ID documents and confirming a mobile phone number, which will link to your account. This may be too time-consuming for traders who want a fast deposit solution.

Not Available To US Customers

Due to local laws and regulations, Perfect Money does not accept US traders and permanent residents of the United States.

Speed

Perfect Money does not process deposits into your account directly. Instead, users must choose a primary and secondary Certified Exchange Service provider which will execute the payment for them. As a result, processing times at this stage vary depending on the exchange.

However, once your funds are loaded, the process of depositing into your trading account is usually instant. With that said, you may need to check any additional processing times with your broker.

Security

PM employs numerous security procedures, both when you sign in and within the account, to keep customer funds safe. Investors who register will need to go through the identity check and KYC approval procedure.

The company also uses SMS authentication to prevent unauthorized access to your account and user ID, as well as CodeCard Protection, which sends a unique code to your email address to confirm transactions. There are also anti-fraud screening procedures to protect against scams.

In the case of password recovery, Perfect Money will ask for your account ID and a copy of an identity document to confirm a password reset. Make sure not to share your member ID, account number or password with anyone.

To ensure you are visiting the official website on a secure connection, look out for the green status bar or locked padlock symbol in your browser’s address link bar. Also make sure you only trade with trusted and reliable trading brokers.

How To Deposit Using Perfect Money

To make a deposit or withdrawal using Perfect Money, you must first load your account using one of the available methods. You can find instructions on how to deposit and how to withdraw on the website, or by watching the YouTube tutorial.

Note that the minimum deposit amount is 300 USD (or currency equivalent) for a bank wire deposit. The minimum withdrawal limit is set by the Certified Exchange Service providers. Make sure to check any funding limits also applied by your broker.

Once you have sufficient funds in your PM account, you can then make transfers to and from your trading platform. After setting up your payment, your broker will redirect you to the Perfect Money gateway, where you can enter your login details and verify the amount. You will then get an on-screen memo to confirm the transaction.

Fees

Perfect Money does charge some fees when transferring funds to, from, and within the account, including a 0.5% fee for each of the following: bank wire deposits, internal transfers, and verified accounts deposits. Unverified account limits incur a 1.99% deposit fee.

Withdrawal charges start at 0.28% plus any additional bank charges. Bitcoin is free to deposit and has a withdrawal fee of 0.5% plus $10.

Currency conversions are charged at the market price and you can find details of the current Euro, Bitcoin, Gold or Dollar rate today in your account. For example, the price in Nigeria this morning will be different from the quoted rate in the afternoon.

Additional security charges are also applied: SMS notifications cost $0.1 each and account restoration is $100. Note that there is a 4% per year interest rate applied to all accounts.

You may need to check for any fees on your broker’s side, though deposits are often free. Withdrawal fees at popular brands such as RoboForex, FXChoice and FIBO Group are 0.5%.

Is Perfect Money Good For Day Trading?

Perfect Money offers accounts in dollars, euros, bitcoin or gold, as well as secure money transfers via global Certified Exchangers. The mobile app for iOS and Android users is also ideal for traders who wish to make a deposit or withdrawal whilst on the move.

There are some fees to be aware of, however, on top of any charges applied by your forex broker. There is also no card storage, which may be limiting for traders who prefer the versatility of other e-wallet solutions like PayPal.

FAQ

Is Perfect Money Legit & Safe To Use At My Broker?

Yes, Perfect Money Finance Corp is a legitimate company registered in Panama, headquartered in Hong Kong and Zurich under Startup Research & Investments Ltd. The firm was established in 2007 and is trusted by many reputable global brands, including many trading brokers and platforms.

Perfect Money Vs Payeer, Which Is Best For Trading?

If you are wondering which one is better, Perfect Money or Payeer, know that PM is an all-rounded system while Payer is focused only on cryptocurrency. Choose the company which best suits your needs as a trader.

How Does A Perfect Money Payment Work In My Trading Account?

The system allows you to safely store funds and make transfers to your live trading account using Certified Exchanger services. Currencies can be swapped at the market rate and online transfers made without filling out payment forms or entering credit card details.

What Are The Supported Countries At Perfect Money?

The firm accepts customers and traders from most global locations, including the UK, Canada, Cyprus, Kosovo, Jordan, Qatar, India, Bangladesh, Pakistan, Malaysia, Japan, Cambodia, Kenya, Zimbabwe and many more. Note that US clients are not accepted.