Moneybookers Forex Brokers

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Moneybookers Accepted Forex Accounts

Moneybookers belongs to one of the online payment systems commonly referred to as e-wallets. It is a holding system from which you can increase your funds (typically from online transactions that give a profit such as forex trading), or spend funds from (such as in funding a forex account or withdrawing funds to your physical bank account/credit card to spend offline as real money).

The reason for the adoption of e-wallet service providers such as Moneybookers was to solve some of the problems associated with the more conventional wire transfer services such as delays in funding and withdrawals. In addition, the fact that many countries are locked out from using Paypal created a need to have an alternative means of online currency transactions, and this is where Moneybookers has stepped in.

Moneybookers is located in the United Kingdom and is regulated by the Financial Services Authority (FSA), which guarantees safety of traders’ funds with Moneybookers.

Moneybookers also provides a credit/debit card processing system through which traders can fund their trading accounts. Moneybookers has also taken a step further by introducing a prepaid MasterCard. This card serves multiple purposes. Forex traders can use this card to transfer funds from their Moneybooker account to their trading account. Traders can also use the same card to make offline withdrawals via an ATM from their e-wallet on Moneybookers.

Moneybooker-accepted forex accounts allow traders to fund/withdraw from their trading accounts in two ways:

1)     By a full integration of the Moneybookers system into the forex broker’s website. This allows funding and withdrawal merely by entering the required Moneybookers details.

2)     Traders are redirected to the Moneybookers website when they click the required icon on the broker’s website, and when the transaction is concluded, the trader is redirected back to the broker’s website.

Moneybookers is now known as Skrill, so if you see the new name, do not be confused; Skrill and Moneybookers are one and the same. If you have a Moneybookers account and you are looking for traders that can support Moneybookers as a method of funding and withdrawing trading proceeds from your forex account, here are a few Moneybookers-compliant forex brokers.

Which Forex Brokers Accept Moneybookers Funding?

eToro

eToro offers the option of forex account funding and withdrawals using Moneybookers Third Party credit card processing system, or the Skrill Digital e-wallet. Two kinds of Moneybookers accounts can be operated on the eToro platform. The regular Moneybookers account has funding limits to the tune of between $500 and $1000. The Moneybookers VIP accounts have no such limitations. You can visit the eToro website to find out the requirements of each account type.

Trading Point

Trading point is an Electronic Communications Network (ECN) broker that provides direct market access to traders to get straight through processing for their orders. Located in Cyprus, Trading Point offers a 20% welcome bonus for all new account deposits, and a 10% loyalty bonus for every deposit made on existing accounts. This ensures that anytime you fund your account with Moneybookers, you are getting bonuses for your account funding and withdrawal transactions at near-zero cost.

Trading Point is one of the brokers that redirects to the Moneybookers website anytime the trader wishes to carry out Moneybookers-based transactions on the forex account. Moneybookers charges a fee of 1.9% + EUR0.29 per transaction.

AvaFx

On Avafx, traders can fund and withdraw from their trading accounts using Moneybookers. Transactions are completed within 24 hours and traders are not usually redirected to the Moneybookers website during transactions as the entire system is fully integrated on the Avafx website. Avafx has recently introduced mobile trading. So if you have a Blackberry, iPhone or Android device, you are as connected as if you were with a computer.

Plus500

This London-based broker provides Moneybookers funding and withdrawal services. Using Moneybookers, traders can fund their accounts with a minimum of $100 only. The advantage of using Plus500 is that you can carry out your transactions from the iPhone or Android devices using the Plus500 App.

Moneybookers gains its popularity from providing three different ways of funding and withdrawing from accounts. So if you need an alternative method of funding/withdrawals, Moneybookers can provide a viable alternative. So feel free to open a Moneybookers-accepted forex account with the information we have provided in this article.

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