Qiwi Wallet is an online and mobile payment system based in Russia. The transfer service provides an e-wallet for storing customers’ bank cards and Qiwi virtual or plastic Visa cards. The payment brand is also available at a number of popular trading brokers.
In this review, we explore the account login and verification process and consider how the service matches up to competitors, such as PayPal. Find out if you should transfer money into your trading account using Qiwi. Alternatively, see our list of top brokers that accept Qiwi deposits to get started today.
Update: The Bank of Russia has revoked Qiwi Bank’s license following a series of violations and high-risk transactions. As a result, Russians may be unable to use Qiwi for online trading. See our list of alternative payment methods.
Best Qiwi Brokers in Romania
These are the best 1 brokers that support Qiwi payments, based on our tests:
-
- Demo account
- Regulator: FCA, CySEC, FSA, DFSA, FSCA
- Platforms: Tickmill Webtrader, MT4, MT5, TradingView
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- Tickmill 4.0/5 Tickmill is a global broker authorized by trusted regulators including the CySEC and the FCA. Hundreds of thousands of traders have opened an account with the firm with more than 530 million trades executed. Advanced trading tools, educational content and low fees make this broker stand out from competitors.
Compare The Best QIWI Brokers
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
| Tickmill | $100 | Forex, CFDs, stocks, indices, commodities, cryptocurrencies, futures, options, bonds | Tickmill Webtrader, MT4, MT5, TradingView | 1:1000 |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Tickmill | 1193 |
Tickmill
Tickmill is a stellar choice for day traders, especially if you opt for the Raw account which delivers near-zero pip spreads and impressively fast order execution during testing.
Christian Harris, Reviewer
Tickmill quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, stocks, indices, commodities, cryptocurrencies, futures, options, bonds
- Regulator
- FCA, CySEC, FSA, DFSA, FSCA
- Platforms
- Tickmill Webtrader, MT4, MT5, TradingView
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, ZAR
Pros
- When using the Raw Spread account, you’ll notice how tight the spreads are - sometimes even zero pips - paired with a transparent per-trade commission. This setup helps keep your overall trading costs low, which is a significant advantage when you’re making frequent trades and want to avoid hidden fees that cut into your profits.
- Based on our actual trading experience, Tickmill consistently processes orders quickly - averaging ~59 milliseconds - with very few instances of slippage or requotes. For a day trader, that means you can trust your entry and exit prices without worrying about delays that might cost you money in fast markets.
- Tickmill’s multiple licenses with authorities like the FCA and CySEC aren’t just paperwork - they translate to real-world benefits. Your money is kept separate in secure accounts, and the broker offers negative balance protection. In practice, this means you won’t be on the hook for more than you deposit, providing peace of mind when markets get volatile.
Cons
- If you’re used to cTrader’s modern layout and sophisticated order types, you’ll miss that here. Tickmill sticks with MetaTrader 4 and 5, as well as TradingView and its own proprietary platform, so there’s no cTrader option. This might slow down traders who rely on cTrader’s workflow or specific tools, such as cTrader Copy.
- Tickmill primarily focuses on forex pairs, select stock CFDs, indices, and a few commodities. If you like switching between many different asset classes, like crypto or a broader range of stocks, you’ll find the choices limited compared to brokers with thousands of instruments.
How Did We Choose The Best Qiwi Brokers?
To list the top Qiwi brokers, we:
- Identified which brokers offer Qiwi payments from our database of 143 online platforms
- Confirmed that they accept Qiwi deposits and withdrawals for day trading
- Ranked them by their rating, using 200+ data entries and our hands-on test findings
Qiwi Overview
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 firm’s Visa card was then instated, marking the start of the company’s international development.
Among the top services offered are P2P transfers, Qiwi Visa virtual and plastic cards, Visa Personal Payments and Mastercard MoneySend. Users 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. These are particularly helpful for funding live trading accounts.
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 thousands of 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 application 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.
Note, the application is not available for Windows 10 or as a browser APK.
Plastic & Virtual Cards
Traders also have the flexibility of depositing using their own bank cards, Qiwi virtual cards, or plastic Visa cards. They can all 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 investors who want to trade straight away. Of course, some brokers may have separate time frames for processing deposits and withdrawals on their side. Fortunately, the top trading brokers process deposits almost instantly.
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.
Note, prospective clients may need to submit identity documents at the sign-up stage.
Offers & Deals
Traders also enjoy other benefits, such as special offers for Beeline, MegaFon and Tele2 customers when they pay for everyday services. Some merchants also offer Qiwi gift card options. In addition, some trading brokers offer deposit bonuses.
Cons Of Trading With Qiwi
Limited Currencies
The firm currently only offers transactions in RUB, EUR and USD, which is not the widest choice compared to other payment services such as Skrill or Sofort.
Limited Supported Countries
The payment system is 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. This means traders in other countries will need to consider alternative deposit options like PayPal.
English Site Unavailable
The old version of the website used to be fully in Russian. Since the last update, the company provides a few pages in English. However, the majority of information remains the same. Language change options to English are not available. Traders from the UK or elsewhere will need to ensure that their browser settings translate the content automatically.
Transaction Volume
The maximum transaction volume allowed is 15,000 RUB (around 215 GBP), which may be limiting for more seasoned investors. Of course, online brokers may also have their own thresholds, but many active traders will want to be able to deposit and withdraw in larger quantities.
Speed
Payments are actioned instantly, though your broker may have their own processing time frames. For example, AAAFx processes deposits in one business day, whilst 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.
Security
The company 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.
How To Deposit Using Qiwi
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 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. Finally, you will receive payment confirmation in real-time.
Costs
It is free to open an account and top up your 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, BCS Forex charges 2.5% for withdrawals. Fortunately, many of the top trading platforms offer fee-free deposits.
Is Qiwi Good For Day Trading?
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, the company 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 local benefits of Qiwi, it might be worth considering other more accessible deposit methods, such as PayPal, Skrill or Neteller.
FAQ
What Is A Qiwi Wallet And How Does It Work For Trading?
A Qiwi Wallet allows customers to make purchases online or using their mobiles without needing to provide bank account details or a card number. Your wallet can be loaded, with virtual or plastic cards, and can be used to make deposits quickly into a trading account. You can also make money transfers between other e-wallets.
Is Qiwi Legit And Safe To Use For Trading?
No, not since the Central Bank of Russia revoked Qiwi Bank’s banking license in 2024 as a result of systematic violations of anti-money laundering (AML) requirements and its involvement in high-risk transactions.
Which Brokers Support Qiwi?
Qiwi was a widely used payment method, though availability varies depending on your location. You can check out our list of top Qiwi brokers to see if the payment solution is available in your jurisdiction.