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 7 the best brokers with Perfect Money:
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1
Pocket Option50% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$50$1MISABinary Options, Currencies, Commodities, Stocks, Indices, CryptosWeb, MT4, MT5Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCashUSD -
2
CloseOption$10 Welcome Gift
$5$1National Bank of GeorgiaBinary Options on Forex & CryptosOwnPayPal, WebMoney, Mastercard, Perfect Money, Wire Transfer, Bitcoin Payments, Ethereum PaymentsUSD -
3
Videforex20% to 200% Deposit Bonus
$250$0.011:500Binary Options, CFDs, Forex, Indices, Commodities, CryptoTradingViewSkrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum PaymentsUSD, EUR, GBP, AUD, RUB -
4
xChief$100 No Deposit Bonus
$100.01 Lots1:1000VFSCCFDs, Forex, Metals, Commodities, Stocks, IndicesMT4, MT5Wire Transfer, Bitcoin Payments, Credit Card, UnionPay, Skrill, Neteller, WebMoney, Perfect Money, Debit Card, Ethereum Payments, FasaPay, VoletUSD, EUR, GBP, JPY, CHF -
5
BinaryCent20% - 200% deposit bonus
$250$0.011:500VFSCCFDs, Forex, Stocks, Cryptos, Options, CommoditiesOwnVisa, Mastercard, Debit Card, Credit Card, Skrill, WebMoney, Neteller, Bitcoin Payments, Wire Transfer, Perfect Money, Ethereum PaymentsUSD -
6
World Forex100% Deposit Bonus
$10.01 Lots1:1000SVGFSAForex, CFD Stocks, Metals, Energies, Cryptos, Digital ContractsMT4, MT5Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, VoletUSD, EUR, RUB -
7
RaceOption20% - 200% Deposit Bonus
$250$0.011:500Binary Options, CFDsTradingViewCredit Card, Debit Card, Bitcoin Payments, Neteller, Skrill, Perfect Money, Mastercard, Visa, Ethereum PaymentsUSD, EUR, GBP, AUD, RUB
Here is a short summary of why we think each broker belongs in this top list:
- Pocket Option - Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.
- CloseOption - CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.
- Videforex - Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
- xChief - xChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
- BinaryCent - BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.
- World Forex - World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
- RaceOption - RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
Perfect Money Brokers Comparison
| Broker | Minimum Deposit | Minimum Trade | Instruments | Platforms | Regulators |
|---|---|---|---|---|---|
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$50 | $1 | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos | Web, MT4, MT5 | MISA |
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$5 | $1 | Binary Options on Forex & Cryptos | Own | National Bank of Georgia |
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$250 | $0.01 | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | TradingView | - |
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$10 | 0.01 Lots | CFDs, Forex, Metals, Commodities, Stocks, Indices | MT4, MT5 | VFSC |
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$250 | $0.01 | CFDs, Forex, Stocks, Cryptos, Options, Commodities | Own | VFSC |
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$1 | 0.01 Lots | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts | MT4, MT5 | SVGFSA |
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$250 | $0.01 | Binary Options, CFDs | TradingView | - |
Pocket Option
"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."
Pocket Option Quick Facts
| Bonus Offer | 50% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos |
| Regulator | MISA |
| Platforms | Web, MT4, MT5 |
| Minimum Deposit | $50 |
| Minimum Trade | $1 |
| Account Currencies | USD |
Pros
- The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
- The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders
- Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
Cons
- Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders
- Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
- You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
CloseOption
"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."
Tobias Robinson, Reviewer
CloseOption Quick Facts
| Bonus Offer | $10 Welcome Gift |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options on Forex & Cryptos |
| Regulator | National Bank of Georgia |
| Platforms | Own |
| Minimum Deposit | $5 |
| Minimum Trade | $1 |
| Account Currencies | USD |
Pros
- The user-friendly platform is compatible with most web browsers
- CloseOption offers weekly trading tournaments with cash prizes
- Multiple global payment methods are available
Cons
- Clients need to deposit $50,000+ to qualify for the best payouts
- Binary options are only available on fiat and digital currencies
- CloseOption is not regulated by a well-regarded trading authority
Videforex
"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."
Videforex Quick Facts
| Bonus Offer | 20% to 200% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto |
| Platforms | TradingView |
| Minimum Deposit | $250 |
| Minimum Trade | $0.01 |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, AUD, RUB |
Pros
- Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent
- The support times are fast and reliable based on tests - few brokers offer 24/7 multi-lingual video support
- Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies
Cons
- No MetaTrader 4 integration
- The broker isn’t overseen by a trusted regulatory agency
- US clients aren’t accepted due to legal restrictions
xChief
"xChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback."
xChief Quick Facts
| Bonus Offer | $100 No Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Metals, Commodities, Stocks, Indices |
| Regulator | VFSC |
| Platforms | MT4, MT5 |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP, JPY, CHF |
Pros
- xChief offers STP/ECN execution with low spreads from 0.0 pips and low commission rates starting from $2.50 per side
- The low minimum deposit of $10 will appeal to beginners, as well as the beginners’ guides in the Library
- The broker offers several account types to suit different traders, including a Cent account for beginners and pro-level hedging/netting accounts
Cons
- The Classic+ and Cent accounts provide access to fewer instruments than the other account types, at 50+ and 35+, respectively
- The total range of 150+ assets is much lower than most competitors who typically offer hundreds
- Fees and minimums are imposed on most withdrawal methods, including a €60 minimum for SWIFT bank transfers
BinaryCent
"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."
BinaryCent Quick Facts
| Bonus Offer | 20% - 200% deposit bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Cryptos, Options, Commodities |
| Regulator | VFSC |
| Platforms | Own |
| Minimum Deposit | $250 |
| Minimum Trade | $0.01 |
| Leverage | 1:500 |
| Account Currencies | USD |
Pros
- Payouts up to 95% are higher than most competitors and increases profit potential
- Trade binary contracts from $0.10 allowing trading opportunities for all budgets
- Copy trading and binary options bots are useful for beginner traders
Cons
- Not available to traders based in the US
- Not overseen by any reputable regulator, raising risks and reducing customer protections
- The $250 minimum deposit is higher than most binary options brokers
World Forex
"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."
World Forex Quick Facts
| Bonus Offer | 100% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts |
| Regulator | SVGFSA |
| Platforms | MT4, MT5 |
| Minimum Deposit | $1 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, RUB |
Pros
- Low deposit of $1
- VPS hosting
- Copy trading solution
Cons
- Withdrawal fees apply
- Weak regulation
- No negative balance protection
RaceOption
"RaceOption will appeal to traders new to binary options looking for copy trading, contests and 24/7 customer support. Experienced traders will also appreciate the account-based perks and bonuses."
RaceOption Quick Facts
| Bonus Offer | 20% - 200% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options, CFDs |
| Platforms | TradingView |
| Minimum Deposit | $250 |
| Minimum Trade | $0.01 |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, AUD, RUB |
Pros
- Flexible weekend trading available plus 24/7 multilingual customer support
- Free and instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour
- Well-optimised proprietary mobile trading app with instant execution, full trading history and responsive live charts
Cons
- $250 minimum deposit is higher than other binary options brokers
- No free demo account
- Limited educational resources
How Did We Choose The Best Perfect Money Brokers?
To reveal the top Perfect Money brokers, we:
- Analyzed our database of 500 online platforms, extracting all those that offer Perfect Money payments
- Ensured that they accept Perfect Money deposits and withdrawals for online trading
- Sorted them by their total rating, derived from 100+ data entries and our own observations
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.
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 To A Trading Account 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. The process is similar across most brokers. At XM, for example:
- Head to the Deposit section after logging in and select Perfect Money from the list of options
- Enter the deposit details, including the deposit amount
- XM will then 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 are 0% 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.