WebMoney is a digital payment service utilized by online trading platforms. Advantages of trading platforms that support WebMoney include the acceptance of most major currencies and the ability to handle large transactions with fees from 0.8%. This review explains the pros and cons of trading with WebMoney. We also list the top WebMoney brokers in 2026.
Best WebMoney Brokers in Eritrea
Our tests have uncovered the following 6 top brokers that accept WebMoney payments:
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- Demo account
- Min. deposit: $100
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: FSC
- Platforms: Web, MT4, MT5, cTrader
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- Demo account
- Regulator: FCA, CySEC, FSA, DFSA, FSCA
- Platforms: Tickmill Webtrader, MT4, MT5, TradingView
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- Demo account
- Min. deposit: $10 (varies by account and payment method)
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: BVI FSC
- Platforms: NetTradeX, MT4, MT5
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- Demo account
- Regulator: FSC (Mauritius)
- Platforms: MT4, MT5
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- AvaTrade 4.9/5 Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience.
- LiteFinance 4.0/5 LiteFinance is an offshore-regulated broker with 55 forex pairs and a range of international stocks as well as a smaller list of indices, commodities and cryptocurrencies. With support for the MetaTrader 4 and MetaTrader 5 platforms as well as a proprietary mobile app, there is a good selection of tools available. The broker offers a Classic commission-free account as well as an ECN account with spreads starting from zero and a commission per lot.
- 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.
- Exness 4.1/5 Established in 2008, Exness has maintained its position as a highly respected broker, standing out with its industry-leading range of 40+ account currencies, growing selection of CFD instruments, and intuitive web platform complete with useful extras like currency convertors and trading calculators.
- IFC Markets 2.9/5 Established in 2006, IFC Markets is an STP/ECN broker that stands out with unique synthetic indices, a choice of fixed and floating spread accounts, and a smooth sign-up process that took minutes during testing.
- NordFX 3.2/5 Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MT4 and MT5 platforms and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000.
Compare The Best WebMoney Brokers
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
| AvaTrade | $100 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade | 1:30 (Retail) 1:400 (Pro) |
| LiteFinance | $10 | Forex, CFDs, indices, shares, commodities, cryptocurrencies | Web, MT4, MT5, cTrader | 1:1000 (Crypto 1:50) |
| Tickmill | $100 | Forex, CFDs, stocks, indices, commodities, cryptocurrencies, futures, options, bonds | Tickmill Webtrader, MT4, MT5, TradingView | 1:1000 |
| Exness | $10 (varies by account and payment method) | CFDs on Forex, Stocks, Indices, Commodities, Crypto | Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral | 1:Unlimited (via offshore entities) |
| IFC Markets | $1 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Synthetics | NetTradeX, MT4, MT5 | 1:400 |
| NordFX | $10 | Forex, CFDs, indices, commodities, cryptos, stocks | MT4, MT5 | 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 |
|---|---|---|---|---|---|
| AvaTrade | 13626 | ||||
| LiteFinance | 687 | ||||
| Tickmill | 1194 | ||||
| Exness | 33732 | ||||
| IFC Markets | - | 567 | |||
| NordFX | 70 |
AvaTrade
AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets.
Jemma Grist, Reviewer
AvaTrade quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
- Regulator
- ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)
- Platforms
- WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, ZAR
Pros
- AvaTrade launched AvaFutures to offer low-margin access to global markets, then expanded in 2025 as one of the first brokers to add CME’s Micro Grain Futures.
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
- AvaFutures traders can now use TradingView for 100+ indicators, screeners and a calendar, the sharing of trade ideas, commissions from $0.45, intraday margins from $60, and access to exchanges like CME and EUREX.
Cons
- The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
LiteFinance
LiteFinance will suit traders seeking a long-standing broker to trade forex, stocks, commodities, indices, cryptocurrencies, and newer assets like equity perpetuals. The social trading system will also suit investors looking to learn from seasoned traders, though careful risk controls are required when copy trading.
Tobias Robinson, Reviewer
LiteFinance quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, indices, shares, commodities, cryptocurrencies
- Regulator
- FSC
- Platforms
- Web, MT4, MT5, cTrader
- Minimum Deposit
- $10
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR
Pros
- Automated trading via APIs
- Fast and reliable customer support based on testing
- Good range of forex pairs
Cons
- Some complaints online about difficulties withdrawing funds
- Wide spreads on the Classic account
- Not overseen by any top-tier regulator
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
- 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.
- 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.
Cons
- 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.
- 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.
Exness
After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs.
Christian Harris, Reviewer
Exness quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FSCA, CMA-Kenya, FSA, CBCS, BVIFSC, FSC, JSC, FCA (B2B only), CySEC (B2B only)
- Platforms
- Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral
- Minimum Deposit
- $10 (varies by account and payment method)
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY
Pros
- Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests.
- Charting tools have been improved through Indie - traders can write Python scripts and add custom indicators to charts in the Exness Terminal and MT5, as well as testing them against market data.
- Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips with low commissions from $2 per side.
Cons
- Retail trading services are unavailable in certain jurisdictions, such as the US, UK, EU, and more recently India, limiting accessibility compared to top-tier brokers like Interactive Brokers.
- Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.
- MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
IFC Markets
IFC Markets is best suited to active traders who want flexibility, with a choice of micro and standard accounts, minimum deposits from just $1, plus the ability to blend multiple assets into a single synthetic instrument on the user-friendly NetTradeX platform – a feature we’ve not seen elsewhere.
Christian Harris, Reviewer
IFC Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Synthetics
- Regulator
- BVI FSC
- Platforms
- NetTradeX, MT4, MT5
- Minimum Deposit
- $1
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, JPY
Pros
- The NetTradeX platform’s PCI feature lets you build your own synthetic instruments – a truly standout feature enabling you to trade complex macro views or hedged positions as a single chartable asset.
- We’ve seen meaningful improvements over time, including the addition of a Standard ECN account on MT5 and expanded synthetic instruments on NetTradeX, showing IFC Markets is evolving to better serve active traders.
- MT4, MT5, and NetTradeX are all available on desktop, web and mobile, each with live and demo access, full functionality, and no platform restrictions even on micro accounts.
Cons
- There is a notable lack of third-party technical analysis tools and news feeds from providers like Trading Central, Autochartist, Reuters, or Dow Jones, relying solely on in-house research, which do not match the depth or automation of these external services.
- With 10+ account types across 3 platforms, it’s hard to know what suits you initially, potentially confusing beginners. During setup, we had to cross-check multiple account specs to avoid mismatches.
- While ECN spreads on MT5 were tight in our tests, fixed spreads on MT4 are wide (1.8 pips on EUR/USD), and crypto spreads are very high (500+ pips on ETH/USD).
NordFX
NordFX suits experienced forex and CFD day traders or scalpers who already use MT4/MT5, want raw spreads from 0.0 pips with a fixed commission via the Zero accounts, and are comfortable accepting the trade-offs of weaker regulation and limited research tools.
Christian Harris, Reviewer
NordFX quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, indices, commodities, cryptos, stocks
- Regulator
- FSC (Mauritius)
- Platforms
- MT4, MT5
- Minimum Deposit
- $10
- Minimum Trade
- $1
- Account Currencies
- USD
Pros
- NordFX has strengthened its account options with Pro accounts featuring spread-only pricing and Zero accounts with spreads from 0.0 on assets like the EUR/USD.
- NordFX has bolstered its charting tools for advanced traders, adding MT5 to its existing MT4 integration, with faster, multi-threaded processing.
- The straightforward copy trading service may appeal to improving traders wanting to learn from those with more experience, with just a $100 minimum deposit to get started.
Cons
- The lack of strong regulatory oversight is the most significant concern as clients of NordFX may not receive the same level of safeguards, such as access to statutory investor compensation in the case of broker insolvency - a protection mandated by some top-tier regulators.
- With only around 100 instruments, NordFX’s market coverage doesn't match some top-rated offshore MetaTrader-focused brokers we've tested, with a particularly weak selection of a few dozen shares, despite it adding big names like SpaceX in 2026.
- Although NordFX offers competitive pricing in its Zero accounts, it still trails the cheapest brokers like IC Markets, while the Pro accounts feature industry-high spreads from 10 pips.
How Did We Choose The Best WebMoney Brokers?
To find the top WebMoney brokers, we:
- Searched our directory of 500 online platforms, focusing on all those that offer WebMoney
- Verified that they accept WebMoney deposits and withdrawals for online trading
- Sorted them by their rating, blending first-hand observations with 100+ data points
WebMoney Overview
WebMoney is an eWallet similar to PayPal. It boasts over 45 million users worldwide and is accepted by more than 100,000 online vendors.
The company was founded in Russia following the 1998 financial crash which led to an increasing need to transfer money in US Dollars. The firm now has subsidiaries around the world.
WebMoney was traditionally used for a variety of purposes, including making purchases, funding online casino accounts, transferring money abroad or simply as an alternative to traditional banking. The platform is available on desktop computers and dedicated mobile apps.
Importantly, trading with WebMoney is popular because of its low fees and regular promotional offers. And while it may not be as useful as PayPal for everyday transactions, the growing list of brokers that accept WebMoney deposits is helping its popularity.
Advantages
When comparing WebMoney vs Perfect Money, Skrill, Neteller, or MPesa, the payment service stands out for the following:
- Simple to use interface
- Cryptocurrency support
- Adopted by online vendors worldwide
- Free to receive money and open an account
- Rapid transactions (unless via bank transfers)
- Low fees encourage regular transactions and forex trading
- Major brokers regularly offer promotions for funding via the platform
- Transfers can be made at zero mark-ups to accounts with the same ID
- Multiple debit/credit cards can be linked to a single WebMoney account
- Support for dozens of currencies including US Dollar, British Pound, Euro and Yen
WebMoney is also considered business-friendly and is largely focused on the B2B market. The official website has sections relating to specific business solutions, with everything from merchants and retailers to traders and institutional banks catered for.
Drawbacks
As a potential eWallet for online traders, it does have some drawbacks:
- Fees on every transaction
- Higher exchange rate commission compared to other eWallet providers
- Verification is required to increase maximum deposit/withdrawal amounts
- Unclear information on maximum and minimum deposit/withdrawal daily limits
- No fees calculator for exchange rates. If you need to buy dollars and want to know the dollar rate, for example, you will be quoted a price inclusive of fees
But perhaps the biggest complaint among its users is that transactions are final and cannot be reversed. This tends to put buyers on edge because if they pay for something and don’t receive it, there aren’t recourse options for retrieving funds. Unless the depositing party has a contract with the receiving party, there is little that can be done in terms of legal action to help recover funds. This exposes international transactions, in particular, to an increased risk of fraud.
Speed
Payments with WebMoney are generally rapid. Funds deposited into an account via a debit/credit card are usually available instantly. However, capital deposited via bank transfer can take up to five working days before it’s available.
Cards and accounts used to make deposits/withdrawals with WebMoney don’t have to be in the name of the account holder, although for security purposes the firm may ask for verification.
It is also possible to make instant deposits into your WebMoney account via the following currencies/platforms:
- Qiwi
- Klarna
- Trustly
- M-Pesa
- Neteller
- Rapid Transfer
- Ripple (XRP)
- Bitcoin (BTC)
- Tether (USDT)
- Litecoin (LTC)
- Monero (XMR)
- Ethereum (ETH)
- Bitcoin Gold (BTG)
Alternatively, you can buy prepaid virtual cards and top up your WebMoney (WMZ) account from anywhere in the world. For example, in Japan, you can use a PayPal gift card to deposit funds.
If you wish to make a transaction between WebMoney and Mastercard, use a small amount to test the system. Transfers through this payment provider are final – testing will ensure you don’t lose your all of your capital if there are mistakes.
Security
The firm follows safety measures to make sure each user is protected, though there’s no guarantee of total security. For instance, in 2022 the Central Bank of Russia revoked the license of WebMoney’s ruble guarantor bank, freezing associated funds.
All transaction information is secured with 128-bit encryption. The mobile app also features two-factor authentication. This means that users are required to enter a code sent to their mobile device via text in addition to entering their email address and password.
The company also makes use of a video identification method, known as VideoID. Here, users can verify themselves via a smartphone or webcam by displaying a national identity document. This verification method is swifter than visiting a notary or WebMoney verification center.
How To Deposit Using WebMoney
Depositing and withdrawing funds at WebMoney brokers like AvaTrade is straightforward. Simply locate the payment method within the Deposit section of your account, enter the amount and follow the instructions in the secure portal to complete the transaction.
The firm operates a fee tariff of 0.8% of the transaction value. This means that regardless of whether you are depositing or withdrawing funds, you will have to pay 0.8% on top of the amount of funds you are moving.
However, the company does not charge a fee for transactions between accounts with the same WebMoney ID, allowing you to freely transfer funds from one account to another (such as a business account to a personal account).
Passports & Purses
WebMoney provides two categories of passport types: Basic (Alias, Formal, Initial, Personal) and Professional (Merchant, Capitaller, Transact Automation Tool, Developer, Registrar, Service, Guarantor, Operator). These help customers with their specific needs. For example, the Formal passport is primarily used by freelancers. Financial restrictions (limits) are dictated by the type of purse you choose.
The company also offers 10 different purses based on the currency deposited by the account holder. The purse management system is split further into three categories depending on the level of security: Mini, Classic and Light. The Classic purse, for example, requires a personal key (e-num) and is best suited to experienced traders.
Fees & Costs
Apart from the transaction fees for deposits and withdrawals listed above, there are no additional charges with WebMoney. There is no monthly or annual membership fee.
On the downside, you may find that daily use can rack up a reasonable amount in transfer fees. Some brokers also apply a fixed charge per withdrawal. See our reviews for details before opening an account.
Inactivity Fee
Unlike other eWallet providers, WebMoney does not charge an inactivity fee. However, if your account goes unused for over a year, the WebMoney team may suspend your account.
If you wish to reactivate your account, you may be required to go through the verification process again.
Money Transfer
The firm offers a service known as WebMoney Transfer, which can be used for peer-to-peer payments. It is a trustworthy solution that even includes its own escrow system. Transactions incur the standard 0.8% fee, up to a maximum of $50.
Interestingly, there is also an online exchange. It can be used to trade derivative securities, known as Notes, which are backed by assets such as the shares of public companies. It is also possible to trade cryptocurrencies like Bitcoin, Ether, Ripple, Dash and Monero via the INDX online exchange.
Is WebMoney Good For Day Trading?
WebMoney is used by many individuals to fund online trading accounts. With that said, there are no VIP levels, which may put high-volume traders off, though advanced security purses are available for professional use. The fact that a 0.8% transaction fee applies to all transfers may also be enough to send traders to other services.
Still, Russian and European traders may find that WebMoney offers more convenience than other platforms, regardless of the fees involved. Use our list of trading brokers that accept WebMoney deposits to get started.
FAQ
Are WebMoney Trading Deposits As Secure As PayPal?
Many eWallet services encounter issues of fraud and hacks from time to time. And while recouping funds via WebMoney might be more difficult than getting your money back after a rogue PayPal transaction, the brand is a legitimate company with secure encryption protocols.
Why Don’t All Brokers Allow WebMoney?
The payment brand is not as well-known as PayPal, Neteller or Skrill. However, WebMoney is growing in popularity, meaning the list of brokers that accept deposits and withdrawals using the payment solution is likely to increase. Check out the top supporting brands here.
Are WebMoney’s Fees Considered High?
At just 0.8%, transaction fees are among the lowest in the digital payments industry. Having a fixed rate attracts users who don’t want to be stung by hidden charges, and those who want upfront visibility of costs before making a transaction.
Why Should I Use WebMoney To Deposit With A Broker?
The payment system is convenient and also provides an added layer of privacy. You won’t have to share your credit or debit card information with your broker. Instead, you can deposit directly from your WebMoney account.
What Are The WebMoney Supported Countries?
You can sign up in Nigeria, Kenya, Venezuela, or the UAE. The payment system is also available in many other countries, including Lebanon, Moldova, Namibia, Myanmar, Malaysia, Vietnam, Venezuela, Zambia, Pakistan, South Africa, Nepal, Hong Kong, Uganda, Ukraine, Sri Lanka, Colombia, Brunei, Iran, Iraq, Zimbabwe, Ghana, Georgia, Jordan, Jamaica, Bahrain, Cambodia, Tanzania, Rwanda, Israel, Morocco, and Qatar. You won’t be able to use WebMoney in the United States, as this is one of the restricted countries.