WebMoney is an electronic money and online payment system that works since 1998. Originally it was targeted mainly at Russian clients and now it is used worldwide. In a nutshell, Webmoney can be described as a global money transfer operation system.
Registration and receiving money (called “WM units”) is free of charge, while sending WebMoney to other users incurs a fee of 0.8%. You may find more detailed information about WM charges and fees here.
WebMoney accounts are also known as “purses” and the system supports various types, depending on the currency and the valuables property rights (for instance, E-Purse also called “WME” stands for e-money in EUR; G-Purse, also called “WMG” stands for warehouse receipt for stock Gold in a certified storage area).
Accounts are identified by strings called WM-IDs; account holders can remain completely anonymous towards each other. WMID allows the System's user not only to perform operations with Purses, but also to exchange legally binding messages with other users and enter into contracts.
This electronic payment system is easy to use and very convenient as WebMoney transactions do not require a credit card or bank account and users could spend or receive money instantly. That is why more WebMoney Forex Brokers appear.
Here you can see a list of Forex Brokers accepting WebMoney deposits:
|$5||1:888||UK, Cyprus||FCA, CySec||Review Website|
|$100||1:500||UK, Cyprus||FCA, CySEC||Review Website|
|$1||1:500||UK, Australia||FCA, ASIC||Review|