Since you receive a tracking number whenever you send money via Western Union, you will be able to see when the money will reach the receiver. This transparency of payments makes the service of Western Union very reliable which is why it is preferred by many.

While it depends on the country you reside in, you will also have the option to choose for your funds to be transferred within a few minutes. This feature will allow you to quickly top up your Forex account and begin trading whenever you feel like it. In addition to the standard Western Union service which requires traders to visit a nearby agent, there are also a few newer services that will allow you easier ways to transfer money.

While Western Union is a good option for those who do not have access to other payment solutions, it comes with certain disadvantages which many may dislike. Although this is a popular payment service that has been around for many years, nowadays, there are plenty of other methods that are more convenient to use.

• Choosing how to exchange your money.
• Forex Trading with Western Union!
• option trading tools free.
• time indicator forex factory.
• eelfranz forex factory.

This is why Western Union is not that commonly accepted by Forex brokers and you might have a difficult time finding a broker that will allow you to use Western Union for your deposits and withdrawals. Another disadvantage of the service is the fact that you will need to look for the closest Western Union Agent location in order to make a deposit with a Forex broker or receive your money.

This obviously is very inconvenient, especially compared to the numerous other services that offer instant payments that can be done in the comfort of your own home. Western Union often fails to deal with money laundering which is yet another reason for many Forex brokers to avoid payments via the service. This is also partly the reason why you cannot request a chargeback when you are paying via Western Union. Unfortunately, those who come across racket brokers will have no way of retrieving their money back, which is definitely a disadvantage you should keep in mind.

Best and most trusted forex brokers in March 2021

Although Western Union is available in numerous countries, not all of them have access to all the services of the company. For instance, residents of certain countries will only have the opportunity to receive money via Western Union but they will not be able to send money via the same service.

Even though you will be able to choose the Money in Minutes service for faster transfers, keep in mind that its fee may be quite high, depending on the country where you are sending the funds. In addition to that, the other surcharges that come along with the use of Western Union transfers may also be quite costly. If you decide to use Western Union for funding your Forex account, you should be aware of the fees you might be charged during the payment process.

It cannot be said with certainty the exact amount you will be charged as the fees that Western Union imposes differ in accordance with the country of residence of both the sender and the recipient. Whenever you are making the payment in a currency different than the one used in your jurisdiction, you will be charged a conversion fee. If you are based in a country that is part of the Eurozone, however, this type of surcharge will not apply to your Western Union payments. As it was said earlier, there is also the option to go for Money in Minutes transfers via Western Union.

Of course, as this is a service that allows faster transactions, it will also levy higher fees. This type of service will require a different size of fee which will depend on the country where you reside. Of course, as this is still faster than the usual processing time of a couple of days, it also imposes higher fees. When you are choosing a Forex broker where you can trade, it is very important to pick one that is properly regulated. Always check which authority is responsible for regulating the operator as this will be very important if you happen to have some issues with your money.

If you notice that the funds from your Forex account have been removed without your knowledge or if you have requested a withdrawal but have not received your money within the acceptable period, you can request a chargeback.

Western Union Brokers 2021 - Which Brokers Accept Western Union?

Of course, this is only possible if the Forex broker is regulated and you contact the regulator. In order to be able to request a chargeback, you will need to send the regulator of the broker a transaction history which will allow you to clarify any type of misunderstanding. Once you have done that, all is left in the hands of the regulator. Unfortunately, one of the downsides of Western Union is that the way the payments are processed will not allow you any chargebacks. Once you have sent money via Western Union to your preferred Forex broker, there is no chance to retrieve them back which is why you should be careful when choosing a broker for your Forex trading.

If you think about it, there is a reason why Western Union has been a preferred payment method by many for so many years and this is the security it provides. Transferring money via Western Union is as easy as it gets and you can be sure that your money will always reach the recipient in a safe manner. In addition to its standard service that requires you to visit a physical agent location, Western Union also allows some of its customers to make payments online and on the go.

If you make use of any of the services of the company, you can be sure that any piece of information, as well as your money, that you share during payments, will be protected with SSL encryption technology.

Unfortunately, beginners usually get impressed by the generous and attractive bonuses. Moreover — bonuses are provided for one single time, usually, when you make a registration, while terms and conditions, rules and options for trading last till the day you decide to quit your broker. If such a day has come to you, too, then you might appreciate one piece of advice by us — always consider the payment methods in the financial websites you are members of.

You might be used to the traditional methods like bank wire transfer and PayPal , but they are not always beneficial to all users. On the contrary — sometimes, the standard payment methods are not as beneficial as they are for most customers. This is when you need to consider alternative and rarer payment approaches like Western Union. Do you know the company and do you know that it supports numerous Forex brokers, too?

Forex Brokers That Accept Western Union For Deposit + Withdrawal | Forex Trading

Find out more about them…. Some of you might have heard about Western Union as a company for international sending of money, but personally, face to face. How does this procedure work? The fee might be paid by your friend, too, by the way. As a matter of fact, this financial company has many departments — including banking, crediting and digital financial transaction operation. The last option Western Union does provide is the option you should care about, when it comes to financial trading.

• forex company for sale.
• Want to stay in the loop?!
• Western Union Forex Brokers: Guide + Updated List of Fx Brokers for .
• apa itu signal dalam forex.
• Ultimate guide to the best Western Union FX brokers.

When you want to make a deposit or a withdrawal digitally, aka to have your Forex broker account credited, you can do it directly via Western Union. Withdrawals via this company is also possible. As a company in financial trading , Western Union might not be so popular, but in everyday expenses it is. Actually, it was established back in 19th century. Since then it is concerned as extremely safe and convenient.

What most people — including traders — do not like about Western Union are the big taxes. Also, there are restrictions for some countries to use Western Union, which means they cannot take benefits of its pros. However, if you are based in a country, where this payment method is allowed, better try it! Some of the most popular Forex brokers do allow deposits and withdrawals via Western Union.

If you use some of them or you are planning to sign in such a website, it is high time for you to get to know the method of financial transfers via Western Union. This method works efficiently in both — deposits and withdrawals. What we truly recommend you is to give it a try — join a Western Union Forex broker and see if the conditions it offers might suit your needs.

Binary Options Brokers - WESTERN UNION

Do not hesitate to share your impression about it later! Home Western Union Forex Brokers. Last update: 9 April