QIWI Brokers 2021 - Which Brokers Accept QIWI?

Qiwi Wallet is an online and mobile payment system based largely in Russia and a few other supported countries. The payment service provides an e-wallet for storing the customer’s bank cards and Qiwi virtual or plastic Visa cards.

In this review, we’ll explore the account login and verification process and how the service matches up to other competitors, such as PayPal. Find out if you should transfer money into your trading account using Qiwi.

Qiwi Brokers

Quotex offers a proprietary web platform that offers digital options and copy trading.


Founded in 2007, the group is headquartered in Nicosia, Cyprus, but has an additional office in Moscow, Russia. In 2008, the Qiwi Wallet was introduced, launching push payments at checkouts in Russia. The Qiwi Visa card was then introduced, marking the start of the company’s international development.

The company has roughly 170,000 of its own self-service payment terminals in Russia. These kiosks are traditional ATM-style machines that accept cash payments and top-up services for utilities, phone bills, internet, entertainment, games and so on. Each month, 65 million customers pay over 39 billion Rubles (around $1.3 billion).

Customers can also transfer funds online from other virtual wallets such as Yandex and WebMoney, or from a bank card, mobile phone, or via bank transfer.

qiwi brokers

Pros Of Trading With Qiwi

Strong Reputation

The brand has been around for over a decade, serving millions of customers each month and partnering with over 40,000 vendors. The group is also traded on the NASDAQ stock exchange and is offered at several well-known brokers with a decent market cap. Stock forecast and dividend details can be found on the payment provider’s website.

Mobile App

Qiwi is available as a mobile app that you can download from Google Play or the App Store. The app allows traders to view their deposits, manage their account balance 24/7 and transfer money quickly whilst on the move. Qiwi is also supported on Google Pay and Apple Pay.

Plastic & Virtual Cards

Traders also have the flexibility of depositing using their own bank cards or a Qiwi virtual or plastic Visa card, which can be stored in their e-wallet. Once an account has been created customers can also use their wallet to buy Bitcoin (BTC) and other cryptocurrencies.

Real-Time Payments

Payments with the Qiwi Wallet are processed instantly in real-time, which is ideal for traders who want to trade straight away. Note that some brokers may have separate time frames for processing deposits and withdrawals on their side.

Fast Registration

Only a phone number is required to register for a Qiwi Wallet, meaning the overall account opening and sign up process is faster than similar services such as Yandex.

Offers & Deals

Traders also enjoy other benefits, such as special offers for Beeline, MegaFon and Tele2 customers when you pay for everyday services. Some merchants also offer Qiwi gift card options.

Cons Of Trading With Qiwi

Limited Currencies

Qiwi currently only transacts in RUB, EUR and USD, which is not the widest choice compared to other payment services such as Skrill or Sofort.

Limited Supported Countries

Qiwi is currently only supported in 20 countries, including Russia, Kazakhstan, Moldova, Romania, Belarus, Latvia, Ukraine, Armenia, Jordan, Israel, India, Australia, Egypt, Indonesia, Kenya, Canada, and the UK.

English Site Not Available

The payment provider’s website does not provide any language change options to English or any other language, so traders from the UK or elsewhere will need to ensure that their browser settings translate the pages automatically.

Transaction Volume

The maximum transaction volume allowed is 15,000 RUB (around 150 GBP), which may be limiting for more seasoned traders.


Payments are actioned instantly, though your broker may have their own processing time frames. For example, AAAFx processes deposits in 1 business day, whilst BCS Forex and Tickmill process deposits instantly. Withdrawal times can also vary depending on the broker. Fortunately developers continue to keep up to date with the latest technology education to ensure rapid payments.


Qiwi uses the 3DS (3D Secure) identification framework which verifies the cardholder’s identity before payment and protects against card theft. Upon verification, a one-time code is sent via SMS to the customer’s phone to confirm the purchase. As a result, traders can have peace of mind that their deposits are safe with the Qiwi Wallet.

Deposits & Withdrawals

Once you have a verified account, look out for the Qiwi logo in your trading account to make a deposit or withdraw revenue after reaching your price target.

There may be minimum or maximum funding limits depending on the broker, so make sure to check these beforehand. The minimum deposit at Tickmill, for example, is 100 (USD/RUB/EUR), whilst Capital.com requires a minimum deposit of at least 20 in the chosen currency.

You will then be redirected to the payment gateway in the Qiwi portal, where you will be asked to enter your account number, password and one-time SMS code. You will then receive payment confirmation in real-time.


It is free to open an account and top up your Qiwi Wallet, but there may be fees for payment transfers. For example, bank card replenishments are 1% up to 2,000 RUB and 0% above 2,000 RUB.

Your broker may also charge their own service fees. For example, AAAFx charges 4.2% for deposits, whilst BCS Forex charges 2.5% for withdrawals.

Is Qiwi A Good Choice For Traders?

Qiwi offers fast account registration, real-time payments in USD, EUR or RUB, and e-wallet transfers to and from other services, such as WebMoney and Yandex.

However, Qiwi does charge some fees depending on the wallet payment method, so traders should bear this in mind if their broker also charges commissions. Furthermore, unless you are based in Russia and can enjoy the other local benefits of Qiwi, it might be worth considering other more accessible deposit methods, such as PayPal, Skrill or Neteller.


What is a Qiwi Wallet?

A Qiwi Wallet allows customers to make purchases online or using their mobiles without needing to provide bank account details or a card number.

Is Qiwi legit?

Yes, the Qiwi Group is a trusted and legitimate company. Qiwi is transparent with its company information, including its ownership structure, board of directors and dividend payments. These can be found in the investor relations section on the website. Information on company earnings, stock forecasts, news and revenue is also publicly available.

How do I register with Qiwi Wallet?

You can open a Qiwi Wallet account by providing your phone number and verifying your account using the secure SMS code. Note that Qiwi only currently supports 20 countries.

How does Qiwi Wallet work?

Your wallet can be loaded with virtual or plastic cards and can be used to make deposits quickly into your trading account. You can also make money transfers between other e-wallets.

Is Qiwi safe?

Yes, Qiwi uses the 3D secure framework when verifying a customer’s identity online. This helps to prevent card theft and fraud.

Does Qiwi Wallet work in the USA?

Some merchants in the US may offer Qiwi as a payment method, however, it is not possible to open a Qiwi account if you are from the US.