Binary Options Trading with Webmoney

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IQ Option – How to deposit and withdraw with WebMoney

WebMoney is a popular e-wallet that can be used when depositing and withdrawing funds at IQ Option trading platform. This is also used as a popular online payment option for paying products and services. With WebMoney e-wallet, you can store, send, receive money and, as mentioned use your funds to pay for goods and services.

In this guide, we will have a look on that, how to use the WebMoney for depositing and withdrawing money at the IQ Option platform.

WebMoney official website

How to Set-Up Your Account?

First, as always, you need to register for an account to use the service. To register, go to their official website https://walletwmtransfer.com/. Click ‘ Sign up ’ to start the registration process. You may also change the language before you can start the procedure.

To create your account, you need to provide and confirm the password and phone number. Once confirmed, you can now use your e-wallet.

Available options of WebMoney

You can use from different currencies when completing your transactions using WebMoney. But if you want to use WebMoney together with IQ Option, you can select just from WME, WMR, and WMZ. WME stands for EUR, WMR stands for RUB, and WMZ stands for USD. You have the option to choose two currencies (EUR and USD for example). Each wallet has its own address.

Your WMID number will be displayed on top of the page which serves as the identifier for your account. Remember, this is not the address of your purse, hence this is not the address where the money will be sent.

AS you can see at the image below, your WebMoney address is composed of a letter that identifies the currency and 12 more figures. You are required to complete the form when sending funds using your account. Once the purse has been set-up, then that’s the time you can process payments.

How to Deposit to IQ Option?

To deposit, you need to select the purse of the preferred currency and choose your payment method. The payment method will depend on your location.

Options for depositing

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Once the funds have been transferred, then that’s the time you can use it fund your IQ Option account.

To complete this step, you need to go to the deposit page of the IQ Option platform and select WebMoney as the preferred payment. At the IQ Option platform, you need to select the same currency as your WebMoney wallet is.

IQ Option platform – Deposit methods

The platform will then direct you to the WebMoney login page. Here, you can sign in and complete the transaction. Your funds are then credited instantly to your balance.

Required information for deposit

How to Withdraw money

To withdraw your funds, you need to visit the Withdrawal page of the IQ Option platform and select WebMoney and the appropriate currency. Complete the details required like purse number and amount to be withdrawn a click on “withdraw funds”

Once the funds have been transferred to the WebMoney wallet, then you can withdraw the money from the e-wallet to another e-wallet or a bank account. You can choose your withdrawal option by choosing ‘Transfer’ in WebMoney platform.

Fees with WebMoney

Transactions made on IQ Option are free of charge, but WebMoney may impose certain fees or commissions. You can check out the applicable fees here. The commission will depend on your chosen payment method and currency.

We hope that this guide helped you! Wish you good luck in trading.

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Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

Webmoney Binary Options Brokers

Webmoney is an online payment system that is used extensively in binary options trading. It was launched in 1998 and is supposed to have over 31 million users worldwide.

It was first launched exclusively for clients in Russia and other countries in the Soviet Union. However, it has since evolved into a globally accepted method of secure payment, especially in binary trading.

It differs from traditional methods of online payment in that it doesn’t need a credit card or even a bank account connected to it in order to operate. Instead, the platform works using its own currency known as WMunits. These can be used as virtual currency which can be converted into real money when making a withdrawal.

It is known for supporting accounts in the US as well as hundreds of other countries around the world. A lot of binary options brokers use this payment method.

Best Binary Options Brokers That Accept Webmoney

24Option – this broker has been operating since early 2020. It is based in the country of Cyprus, famous for its many well-regulated binary options brokers. The broker makes use of the excellent Tech Financials trading platform, and offers payments in a variety of different currencies. It doesn’t have support for traders from the US or Australia. 24Option has a low minimum deposit and a great maximum investment limit. The broker makes use of the WebMoney payment system along with a couple of others such as Mastercard, Visa, Skrill and other online payment methods as well as direct bank transfers.

IQoption – A broker that has been in operation since it launched in 2020. It has its base in the Seychelles, and is known among traders for its extremely low minimum deposit amount. The broker has no support for traders in Japan, the US, Canada and some Middle Eastern countries. It is regulated strictly by the famous CySEC agency. It uses its own custom made trading platform, and is known for excellent returns, a friendly interface as well as a nice array of interactive learning features and tools. The broker supports payments made through WebMoney along with a couple of other platforms like credit cards, Skrill, Mastercard, Bank transfer, and CashU.

Finpari – Started in 2020, Finpari is one of the best-known names in the game. It is one of the few to accept traders from the USA. It uses the SpotOption trading platform and has a low minimum deposit fee. It accepts WebMoney payments, PayPal, Skrill, Neteller and all of the other payment methods common to binary options brokers.

More Webmoney Binary Options Brokers

Stockpair – This broker has been in the game since the year 2020. Based in Cyprus, it is known for its proprietary Stockpair trading platform. It has a low minimum deposit required, and offers payments to traders in 3 different currencies. The broker doesn’t support trading accounts in the US owing to certain regulations. It has one of the biggest ranges of learning materials for new traders, and some very high rated customer support. It also supports WebMoney along with Neteller, bank transfers, Skrill and credit cards.

OptionRally – OptionRally has been up and running since 2020. It uses the famed SpotOption trading platform. Based in Cyprus, the broker offers payouts to traders in a number of different currencies. Owing to regulations, it cannot support trading accounts from the US. It does have support for WebMoney as well as many other payment options.

Binary Options Brokers that Don’t Accept Webmoney

Boss Capital – founded in 2020, this is a great broker that uses the Tech Financials platform. They accept traders from the US as well, but don’t have support for Webmoney. They accept a number of other methods though.

Porter finance – Launched in 2020, they use the SpotOption platform (Gen 2) with many trading signals. While they don’t have support for WebMoney, they accept other payment methods.

Webmoney vs. Bank Wire

The main perk with WebMoney compared to bank wire transfer is that payments are instant. Bank transfers can take days to process. Another advantage is that webmoney deposits have no fees while bank wires usually cost at least $30.

The best alternative to Webmoney is Paypal. You can fine a list with all paypal binary options brokers here.

Conclusion

WebMoney is a platform that is perfect for the people without a credit card. If you are looking for a payment system that meets your needs without needing a bank account or card details, this is the system for you.

7 Binary Options

When it comes to investing, especially when you are first starting out, experts will always tell you never to invest more money than you can afford to lose. This may seem like overstating the obvious, but it should also make you aware of an important point; there are as many losers when it comes to trading binary options as there are winners. This only highlights further the need for a well thought out money management strategy before you start trading binary options.

An effective money management strategy will help take the extra pressure off as you trade because you are using surplus income that will not bother you as much to lose if your binary option trading does not prove to be successful. A general rule when you are first starting out is to start making your initial monthly trades by using no more than 5% – 10% of your disposable investment income for the month and then gradually increase this to 20% – 30% a month as your binary option trading skills increase and you become more successful.

Here is how that works. Say you have decided that you have a total disposable investment income of $1000 for the current month to trade with. The 10% starting figure we mentioned means that your first trade should be no more than $100. You then make a binary options trade for $100 or you can do two binary option trades for $50 etc… If your option finishes out of the money your total disposable investment income for the month will be reduced to $900 and if your trade finishes in the money you will then have increased this total to $1100.

By only investing a small amount of your total disposable investment income to start, it allows you make more trades during the month and trading over this longer period of time and should give you a better chance of coming out ahead. It also will allow you to chart your results as the month goes along and adjust the total percentage amounts according to how your month is working out trade wise. This is a proven binary option trading strategy that will help you consistently maximize your monthly investment pot.

Start trading now by opening a FREE account on one of our recommended brokers.

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  • BINOMO
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