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Forex Brokers That Accept Perfect Money Payment Method for Deposit and Withdrawal

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Perfect Money is an online payment system and digital currency that allows individuals and businesses to make secure and instant financial transactions over the internet. It was established in 2007 and is operated by Perfect Money Finance Corp, a company based in Panama.  The platform was created to provide users with a secure and convenient way to make online financial transactions, including payments, transfers, and currency exchanges. 


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Perfect Money was officially launched in 2007, offering its services to users around the world. It aimed to provide an alternative to traditional banking and payment systems for online transactions.

Over time, Perfect Money attracted a global user base, including individuals, businesses, and online merchants. It gained popularity in industries like e-commerce, freelancing, and online trading, where users needed a reliable payment method for international transactions.

In addition to traditional currencies, Perfect Money integrated various cryptocurrencies, allowing users to hold and exchange digital assets within their accounts.

Perfect Money is relatively uncommonly used in forex brokers. This is because it has regulatory limitations in some jurisdictions. However, there are some forex brokers that may offer Perfect Money as an additional deposit and withdrawal option. This can be useful if you already have a Perfect Money account and want to use it for forex transactions.

To use Perfect Money in forex brokers, you typically need to follow these general steps:

Deposit:

  1. If you don't have a Perfect Money account, you'll need to create one. 
  2. Log in to your forex trading account and navigate to the deposit section.
  3. Choose Perfect Money as your payment method.
  4. Enter the amount you wish to deposit.
  5. Follow the procedure provided by Perfect Money.
  6. The funds will then be transferred from your Perfect Money account to your forex account in just a matter of seconds.

Withdraw:

  1. Log in to your forex account and navigate to the payment page.
  2. Find withdrawal on the payment page.
  3. Choose Perfect Money as your withdrawal method.
  4. Enter the amount you wish to withdraw.
  5. Once your payment has been verified, your withdrawal money will be in your Perfect Money account.

It's important to note that the specific steps and procedures can vary between forex brokers. It's recommended to consult the broker's website or contact their customer support for detailed instructions on using Perfect Money for deposits and withdrawals.

Additionally, consider understanding any applicable fees, transaction limits, and trading conditions associated with using Perfect Money in forex trading.

Other references related to Perfect Money in forex brokers can be found below:

Perfect Money charges various fees for different types of transactions and services. The specific fees can depend on factors such as the transaction amount, currency, account type, and the chosen payment method. Here are some common fees associated with Perfect Money:

  • Creating a Perfect Money account is free of charge.
  • Transferring funds between Perfect Money accounts (internal transfers) typically incurs a fee of 0.5% of the transaction amount. However, transfers between accounts with the same UIDs (User IDs) are free.
  • Depositing funds into a Perfect Money account can have different fees depending on the chosen payment method.
    For example, depositing funds via a bank wire transfer or a cryptocurrency deposit may incur fees set by the respective payment processors or exchangers.
  • Withdrawing funds from a Perfect Money account also carries fees that vary depending on the withdrawal method. Withdrawals to bank accounts, e-currency systems, or cryptocurrency wallets may have different fee structures.
  • Currency exchanges within Perfect Money involve converting funds from one currency to another and are subject to exchange rate spreads. The fee for currency exchanges can range from 0.5% to 2% depending on the currency pair.
  • Making payments or receiving funds for goods and services in Perfect Money may involve transaction fees. The fee is typically 0.5% of the payment amount.
  • Perfect Money offers prepaid cards, and there may be fees associated with card issuance, ATM withdrawals, or card balance inquiries. These fees can vary based on the specific card program and provider.

When looking at the Perfect Money website itself, here are the details of the required fees per 2023:

 

Perfect Money Fees

It's important to note that the fee structure and specific rates can change over time, and there may be additional fees not mentioned here. To obtain the most accurate and up-to-date information regarding fees, it is recommended to refer to the official Perfect Money website or contact their customer support directly.

Perfect Money offers several advantages as an online payment system and digital currency:

  1. Perfect Money is available worldwide.
  2. Perfect Money enables users to make instant transactions, allowing for quick and efficient transfers of funds. 
  3. Perfect Money supports multiple currencies, including USD, EUR, and GBP, allowing users to hold and transact in different currencies within their accounts.
  4. Perfect Money implements security features such as two-factor authentication (2FA) to protect user accounts from unauthorized access and ensure the safety of transactions from fraudulent activities.
  5. Perfect Money allows users to maintain a certain level of privacy and anonymity in their transactions. 
  6. Perfect Money offers investment programs that allow users to earn interest on their account balances. 
  7. Perfect Money can be integrated with various online merchants and service providers, enabling users to make payments directly on websites or platforms that accept Perfect Money as a payment method. 
  8. Perfect Money offers prepaid cards that allow users to withdraw funds from their Perfect Money accounts at ATMs or make purchases at merchants that accept Mastercard or Visa.

While Perfect Money offers several advantages, it also has some disadvantages to consider:

  1. Perfect Money is not as widely accepted as some other online payment systems like PayPal.
  2. Perfect Money operates independently and is not regulated by any central authority or government entity. This lack of regulation can raise concerns about transparency, accountability, and consumer protection.
  3. Like other digital payment systems, Perfect Money has been associated with instances of fraudulent activities, scams, and phishing attempts.
  4. Perfect Money imposes certain limitations and fees on withdrawals, particularly when transferring funds to bank accounts or other payment systems.
  5. Some users may find the Perfect Money user interface and navigation to be complex or less user-friendly compared to other payment platforms. 
  6. Users have reported challenges in accessing timely and effective customer support from Perfect Money. In case of account issues or disputes, resolving them may require prolonged communication or lack satisfactory resolution.
  7. When converting between different currencies within Perfect Money, users are subject to prevailing exchange rates. 
  8. Perfect Money has limited integration with mainstream financial systems, such as traditional banks or financial institutions. 

It's crucial to thoroughly evaluate the advantages and disadvantages of Perfect Money and consider your specific needs, preferences, and risk tolerance before using the platform. Conducting thorough research and exercising caution in your financial transactions can help mitigate potential risks associated with Perfect Money.

Perfect Money is available for use in many countries worldwide. However, there may be certain regions or countries where its services are restricted or not available.

The availability of Perfect Money can change over time, so it's essential to refer to the official Perfect Money website or contact their customer support for the most up-to-date information.

As of September 2021, some countries where Perfect Money may not be available or has limited services include:

  1. United States
  2. Canada
  3. Japan
  4. China
  5. India
  6. Pakistan
  7. Bangladesh
  8. Nigeria
  9. Algeria
  10. Morocco
  11. Iran
  12. Iraq
  13. Afghanistan
  14. North Korea
  15. Libya
  16. Somalia
  17. Sudan
  18. Syria
  19. Yemen
  20. Zimbabwe

Please note that this list may not be exhaustive, and there could be additional countries where Perfect Money services are limited or unavailable. It is always recommended to check with Perfect Money directly to determine if their services are accessible in your specific country or region.

Additional FAQ

Every broker has a different set of withdrawal policies, but here are some of the most possible reasons why your withdrawal is rejected:

  • No withdrawal on holidays. Global brokers accept clients from all around the world. Aside from the weekends, most brokers might also forbid withdrawals on national holidays.
  • The bank is busy. Every deposit and withdrawal must be reviewed by the bank, so when the bank is too busy, withdrawals can get rejected.
  • The broker is upgrading the system. Most brokers update their system once in a while to ensure that users can trade safely and comfortably.
  • Your account is not verified. Any good broker would ask you to verify your account before making any withdrawal for safety reasons.
  • Using a different deposit and withdrawal method. Most brokers only allow traders to withdraw using the same method as the deposit and to the same account from which it was received.
  • Not enough balance. If you try to withdraw more than what you have in the account, the system won't be able to complete the transaction.
  • There is a floating position. This is to minimize the risk of balance decrease should the market move against the floating position during the withdrawal process.
  • Conflict with certain promotion terms. For brokers that offer bonus schemes, withdrawal terms can get a little bit complicated.
  • The payment details are incorrect. All deposits and withdrawals must be done by the real account owner, not a third party.
  • Technical issues. In some cases, the problem comes from your device, unexpected errors from the broker's end, or issues with the payment method.

Continue Reading at Why is Your Withdrawal Rejected?

Brokers usually do not attach specific requirements for the withdrawal of bonus profits because they are purely derived from the trader's hard work.

So if you focus on withdrawing this bonus profit, you will benefit more because you can make a profit from the extra money and not be burdened by the obligation to trade some ridiculously huge lots.

Continue Reading at How to Avoid Bonus Withdrawal Problems

If you haven't received the funds in your account even after the withdrawal request has been processed, then you should take into consideration the processing and payment times.

If you are still worried, you can check the status of your withdrawal by following these steps:

  1. Click on the Portfolio tab.
  2. Click on the History tab.
  3. Check to see which payment method your funds were sent.

Continue Reading at eToro Withdrawal: Limit, Fees, and How-to

It's important to understand that withdrawal transactions to crypto addresses outside Binance usually charge a transaction fee or network fee. For instance, some currencies like BNB and Ether need Binance to be sent to another crypto wallet. Thus, users must pay gas fees to miners or validators responsible for processing the transactions and securing the blockchain.

It is worth noting that transaction fees may vary according to the coin you're using and the current network conditions. Therefore, fees can fluctuate without notice due to network congestion. Please check the updated fees on the withdrawal page before making the withdrawal.

Continue Reading at Beginner's Guide to Binance Withdrawal


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