Binary Options Brokers that Accept E-Wallets
Binary Options Brokers that Accept E-WalletsNovember 20, 2013
Electronic wallets such as Moneybookers, Paypal, Neteller, and Webmoney have become the preferred depositing method for binary options traders around the world. Brokers accepting these banking options have become successful due to the growing popularity prompted by the ease of use and anonymity E-wallets offer.
Some E-wallets like Moneybookers (Skrill), will not accept US traders, while other such as Paypal will. However, you will find a very difficult time finding a broker that accepts Paypal deposits due to the regulatory stance their corporate bigwigs have taken. The way to bypass this is to buy a Paypal prepaid card with the Mastercard logo on it and fund your real money trading account that way.
Its also important to remember that cashing out or withdrawing money is much easier and faster when using an E-wallet. This is because you save the time of filling out various forms that have to do with identity verification. With an E-wallet you just choose the payment type, send over a drivers license and a utility bill and you are good to go. It’s worth every penny in transaction fees because we all know, the longer it stays with the broker the higher the chances of you canceling the withdrawal and re-investing.
The arguments against E-wallets mainly revolve around the relatively higher fees they charge. Neteller for example will charge you as much as 9.9% if you are in Germany and wish to fund your account with Paysafecard. However, if you are using Giropay or Ideal from the Netherlands it will not cost you a dime.
The actual transaction fee charged by the E-wallet varies and depends on the service or product you purchase. Webmoney (WMZ) will charge you a fixed rate of 0.8% of the transaction, including international conversion fees if the currency is not US Dollar. However, if you are new you may have certain restrictions on large amounts so I recommend downloading the “Classic Keeper” account and forwarding all the relevant information in order to increase your limits.
The only binary options broker I know that accepts both Webmoney as well as Skrill is Anyoption. Other Brokers accepting Paysafecard are Optimarkets, which also specializes in the German market. As of now there are no brokers accepting Google Wallet.