Best Western Union Brokers 2025
Discover the best brokers with Western Union deposits and withdrawals following our rigorous hands-on tests.
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1LiteForex Europe, a CFD broker certified by CySEC, was founded in 2008. It provides forex, commodities, and indices trading through the MT4 and MT5 platforms. Its ECN accounts feature extremely tight spreads, with leverage up to 1:30 per EU regulations. LiteForex also provides an extensive education center for new traders, as well as social trading features.
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2Grand Capital is a MetaTrader broker offering welcome bonuses and trading competitions. Their user-friendly copy trading service and numerous account types make it suitable for different traders and strategies. With over 400 assets available, there is a vast range of trading options. New users can swiftly set up an account and commence trading.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $50 | 0.01 Lots | 1:30 | ✓ | CySEC, AFM | CFDs, Forex, Indices, Commodities | MT4, MT5 | USD, EUR, GBP, CHF | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $10 | 0.01 Lots | 1:500 | ✓ | FinaCom | CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options | MT4, MT5 | USD, EUR, GBP, JPY, CHF, RUB | ✓ | ✗ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Western Union Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
|
✗ | ✗ | ✗ | |
|
✗ | ✗ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Western Union Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✗ | ||
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✓ | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Western Union Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
|
✓ | $50 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $10 | 0.01 Lots | ✗ | ✓ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Western Union Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
|
Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✗ | ✗ | 1:30 | ✓ | ✗ |
|
✓ | ✗ | ✗ | ✗ | ✗ | 1:500 | ✗ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Western Union Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✓ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Western Union Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Western Union Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $10 | N/A | 0.1 | ✗ | |
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✗ | $0 | From 1 pip (Standard) | From 1 pip (Standard) | From 0.4 pips | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Western Union Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Grand Capital |
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| LiteForex Europe |
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Why Trade With LiteForex Europe?
LiteForex is a suitable choice for active traders due to its variable spreads starting from 0.0 pips, daily analysis and comprehensive training guides. Traders can also replicate the strategies of skilled traders through its forex copy system.
Pros
- LiteForex, a reputable trading firm regulated by CySEC, has been operating successfully for over 15 years.
- A unique system is available that enables you to mimic the trading patterns of others.
- LiteForex provides its own mobile apps that are great for traders who need to examine the markets while mobile.
Cons
- Trading in cryptocurrency is not available.
- Fees are relatively expensive. The Classic account has spreads starting at 2.0 pips, while the ECN account charges $10 forex commissions.
- The options for trading markets are more limited, as share CFDs are not available.
Why Trade With Grand Capital?
Grand Capital is suitable for traders well-versed in MetaTrader and for passive investors keen on copy trading and LAMM services. However, the firm's regulatory status is not as strong as its rivals.
Pros
- Micro account for beginners
- The GC Invest platform is designed for copy trading.
- Broad choice of payment methods and account currencies.
Cons
- High spreads on some assets
- Basic training and market analysis are essential for traders.
- Limited regulatory oversight
Filters
Western Union for Trading
Western Union is a well-known financial company that allows people to send and receive money across the globe. With its main office in Denver, Colorado, Western Union’s recognizable black and yellow logo is trusted worldwide, with branches in over 200 countries, including Great Britain.
Let’s break down how you can use Western Union to send money to trading accounts, as well as the advantages and disadvantages associated with it.
How Did We Choose The Best Western Union Brokers?
To select top brokers that work well with Western Union, we:
- Reviewed 500 online trading platforms to find those that accept Western Union payments.
- Confirmed that these brokers support Western Union deposits and withdrawals for trading purposes.
- Ranked them based on a combination of over 100 data points and our assessments.
Western Union: A Brief History
– Western Union started in 1851 as a telegram service and later transitioned to international money transfers.
– Devin McGranahan became the CEO in December 2021.
– The company handles over 200 million transactions a year for people who either do not have a bank account or prefer to use cash.
Methods for Depositing Money with Western Union
- In-person: Visit a Western Union branch with the broker’s banking information to transfer funds. You will be given a Money Transfer Control Number (MTCN) to share with your broker.
- Mobile app or website: Use Western Union’s app or website to transfer money from your e-wallet. This process is similar to a bank or wire transfer. Funds can be collected in cash.
Pros of Using Western Union for Trading
Cash Transfers
– Ideal for those who don’t have a bank account or prefer paying in cash. You can deposit money directly to a broker through Western Union.
Quick Payments
– With the ‘Money in Minutes’ service, transfers can be almost instant, provided your broker processes the payment swiftly.
Promotions
– Western Union often offers promotions such as voucher codes for no-fee transfers and a ‘refer a friend’ scheme to earn rewards.
Flexible Payment Methods
– You can use Klarna to split payments into installments, making it easier to manage your finances.
Cons of Using Western Union for Trading
Limited Use with Brokers
– Many brokers don’t accept Western Union due to limited identity checks, which can be an issue for required anti-money laundering verifications.
High Costs
– Western Union charges fees that vary by location and also earns money through currency exchange rates, which can be costly.
Speed and Convenience
– Western Union offers one of the fastest ways to transfer cash worldwide. However, for deposits to online brokers, it may be as quick as a bank transfer, depending on the broker’s processing speed.
Security Concerns
– While Western Union is trusted for cash transfers, limited identity checks can pose security risks. Some brokers avoid it due to anti-money laundering requirements, focusing on knowing their customers.
How to Deposit & Withdraw Using Western Union
Deposits
– Confirm that your broker, like LiteForex Europe, accepts Western Union. You’ll need their banking information to complete the transfer. Once done, share the MTCN with your broker for fund receipt.
Withdrawals
– Request a withdrawal from your broker to get an MTCN. Then visit a branch or use their app to collect your money.
Fees
– Western Union charges vary based on the amount and location. Additional costs come from currency exchange rates, which may make Western Union an expensive option compared to alternatives like Transferwise or MoneyGram.
Is Western Union a Good Choice for Trading?
– For traders preferring cash payments, Western Union may be suitable. However, many brokers might not accept it due to anti-money laundering checks. It might be beneficial to consider alternative deposit methods if you have a bank account.
Discover other brokers that accept Western Union deposits on brokerlistings.com.
FAQ
Can You Transfer Money to a Trading Account Using Western Union Online?
Yes, through the Western Union website or app. However, as transfers need to go to the broker’s bank account, a direct bank transfer might be simpler.
Can You Transfer Money Using Western Union to a Broker’s Bank Account?
Yes, you will need the broker’s banking details to make the deposit.
Are Western Union Deposits to a Trading Account Instant?
Western Union transfers typically take 1-3 days but can be quicker with the ‘Money in Minutes’ option, making it viable for instant deposits.