XM, a leading Forex broker, today announced the addition of a number of online payment methods that allow its clients to deposit funds in their trading accounts. This time the broker has taken care of its customers in countries where many of the widely used payment options are simply not available or are not that popular.
The first addition is the MONETA payment system: that's a method used by Russians since 2005. In simple terms, it's an e-wallet. The company itself, by the way, is famous for its collaboration with the gaming sector – MONETA has been processing payments for the gaming industry for quite some time. But in case you opt to use this online wallet, make sure to check for various fees – they may be applicable depending on the method of funding of your wallet.
Clients of the broker in Russia and Kazakhstan may now pump money into their accounts via the QIWI system. We've discussing it a lot lately, with regard to the moves by Admiral Markets
The addition that will affect the widest number of clients is CASHU. It will apply to XEMarkets' clients in Bahrain, Canada, Egypt, Israel, Jordan, Kuwait, Lebanon, Malaysia, Mauritania, Morocco, Oman, Russia, Saudi Arabia, Tanzania, Tunisia, Turkey, Ukraine, United Arab Emirates, Uruguay, Venezuela, and the United Arab Emirates. Wow! I'm a bit surprised that the broker has added this funding method just now, given that it has been used by many of its FX rivals. But better late than never. Now XM's customers in the above mentioned countries can make use of one of the safest online payment services out there.
Next up is the GiroPay service – another online payment method, now available to the broker's clientele in Germany. And then there are two payment systems that I have to admit I've never heard of before: the voucher-based ABAQOOS for clients in Hungary, and the PRZELEWY24 online wallet for customers in Poland.
The new methods join the 15 other options for making deposits into XM's accounts. These include credit cards, traditional bank wire, and various electronic means of money transfer, like Skrill
. As you can see, the only thing you need is the money to pour into your trading account.
XM.COM is a registered brand name of Trading Point of Financial Instruments Ltd, a European regulated financial institution licensed by CySEC. Trading Point of Financial Instruments Ltd operates online services for trading on forex, precious metals, equity indices, and energies in compliance with the Markets in Financial Instruments Directive (MiFID). Trading Point is EEA authorized and registered with the FCA UK (previously FSA UK), BaFin (Germany), AFM (Netherlands), CNMV (Spain), FI (Sweden), and FIN (Finland).