Digital Currency

WebMoney

WebMoney is an electronic currency system operated by WM Transfer Ltd. There are several e-currencies circulating in this system, with the most popular being - WMZ (equals to $1 U.S.), WME (equals 1 euro) and WMR (equals 1 Russian ruble).

WebMoney utilizes several methods for their customers to access system accounts - WebMoney Keeper Classic (the most secure and fully functional access with highly sophisticated software), WebMoney Keep Lite (less secure, but still protected access - via Internet browser). Other methods are available but are rarely used. WebMoney can boast more than 100 million dollars daily turnaround funds and millions customers around the world. Though, WebMoney started as a Russian payment system, it is now became an internationally popular e-currency system with a large number of representatives in all over the world and the developed deposit/withdrawal system.

WebMoney is a highly secure on-line payment system, offering security through the special protected key-files - even if your password is hacked your funds are still secure. While generic WebMoney accounts are anonymous, money withdrawal transaction involve personal identification. These ways make WebMoney far more secured than e-gold or any other on-line payment system.

WebMoney is a good alternative for those Forex traders which search for fast, secure and easy-to-use method to fund their accounts without the troublesome worries with credit cards or bank wires. Many Forex brokers support WebMoney as the deposit/withdrawal option. Here is a short list of recommended Forex brokers supporting WebMoney.

* InstaForex
* FXOpen
* FXCast
* LiteForex
* Marketiva

To open account with WebMoney, please go to http://www.wmtransfer.com.

PayPal

PayPal is an electronic payment, storage and money transfer method that is operated by PayPal Inc., which is owned by eBay Inc. Founded in 2000 PayPal was one of the first and currently is one of the most popular on-line services for money transferring. Although there is account balance associated with each PayPal account, PayPal doesn't employ virtual currency units (unlike e-gold and WebMoney), remaining a pure payment system.

PayPal accounts are anonymous and are based on the customer's e-mail address. But the credit card is required to add the funds into the balance or send payments to other customers.

PayPal charges fees for receiving funds and for withdrawing funds from the account balance to the bank accounts outside U.S. The sender of the funds doesn't pay any fees if transfer occurs only inside the payment system.

PayPal is a convenient electronic payment system to use with the Forex brokers. Because all payments are instant, you can use your credit card without exposing it to anyone except PayPal and there are enough various brokers that accept PayPal for funding purposes. Unfortunately, PayPal doesn't allow residents of certain countries (the majority of the countries) to accept PayPal payments, making it useless to the Forex traders from such countries.

Here is the short list of the Forex brokers that accept PayPal:

* AvaFX
* InstaForex
* Easy-Forex

To open account with PayPal, please go to http://www.paypal.com.


Moneybookers

Moneybookers is a British electronic payment, storage and money transfer system that is operated by Moneybookers Ltd., which is owned by Investcorp Technology Partners. Moneybookers was founded in 2001 and by its functionality is a competitor of other popular payment system PayPal. Like PayPal, Moneybookers doesn't offer any electronic currency, but the account balance can be uploaded and is measured in the common currency units.

Moneybookers requires mandatory account owner verification, which can be done via confirming the credit card, the bank account or the physical address. All three methods can be used together to increase the transfer limits that are active for all customers.

Moneybookers charges fees for sending the funds, which is usually quite convenient for the sellers and providers of the various paid on-line services.

Moneybookers is less popular in the world than PayPal or WebMoney, but is a convenient electronic payment system to use with the Forex brokers. It's a secure payment system that isn't anonymous and complies with the British anti-fraud laws. Unlike PayPal, Moneybookers is fully available to the residents of almost all countries in the world, making it potentially more widespread system.

Here is the short list of the Forex brokers that accept Moneybookers:

* LiteForex
* AvaFX
* InstaForex

To open account with Moneybookers, please go to http://www.moneybookers.com.