Best Western Union Forex Brokers 2023

For this list, we have searched and tested several western union forex brokers.

To select the best western union forex brokers we opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We then placed real trades in each popular market so as to get the actual picture.

Then we tested the dedication and competency of the customer support team. We contacted them to find out how they solved the issues that clients encountered.

We handpicked the best western union forex brokers based on our trading data and experience as a trader.

Can you Use Western Union Broker Deposit

Western Union is an international money transfer service that allows users to send funds anywhere in the world, with speeds measured by minutes.

Western Union has been around since the 19th century, and they provide safe transaction environments through their operations. Western Union is a popular way to send money across borders. However, most Forex brokers do not offer this service. 

Western Union offers many different ways for customers to send money. Customers have several options for sending money including using the phone or online website with various fees depending on how quickly it is delivered and what form of payment method they choose to use. For more information visit Western Union’s website – www.westernunion.com.

Paying Forex Broker via Western Union

There are many different trustworthy forex brokers with different offerings and advantages, anyway, not all of them offer the same services. Just like this, there are only a few forex brokers that use Western Union as a payment method. This means, traders should be careful and conduct their own research before starting with any of the brokers, if they have particular needs and expectations. 

Once again, clients should check first if the broker is a Western Union forex broker before starting. Due to local regulations and jurisdictional rules this payment method may be restricted.

Forex Brokers that Accept Western Union

In fact, there are not so many Western Union forex brokers. This is due to certain restrictions and regulations. To be helpful, we have tested many forex brokers, to see if they support Western Union payments.

Based on the collected data, we have picked several Western Union forex brokers:

• Go Markets
• XM
• FBS
• BD Swiss
• BlackBull Markets

Best Overall Forex Broker Western Union

We have chosen XM as the best overall Western Union forex broker.

XM is a global Forex and CFD broker founded in 2009. The broker holds licenses in Australia, the United Kingdom, Cyprus, the UAE and Belize. XM offers multiple tradable instruments: Forex, indices, stocks and commodities markets. Trading conditions with XM are excellent. Traders are allowed to use high-risk strategies such as hedging and scalping. 

There is an abundance of XM account types: the XM Micro Account, Standard, XM Zero, XM Ultra-low and Shares accounts, as well as Islamic Forex Accounts. The deposits and withdrawals with XM are free and fast. Traders are allowed to fund and withdraw from their accounts using bank wires, credit and debit cards, Western Union, and e-wallets, such as Skrill and Neteller.

We have chosen XM as the best overall forex Western Union broker as its offerings are favorable. It also offers great education materials, such as a Tradepedia video course. The videos are of high quality and prompt instructions. Also, traders can join XM’s webinars held on a weekly basis  in different languages which makes them available for brokers around the globe. 

Switzerland Forex Broker that Accept Western Union

We have picked BD Swiss as the best Western Union forex broker in Switzerland.

BD Swiss is a Switzerland based broker founded in 2012. The broker is strictly regulated: CySEC, FSC, FSA. BD Swiss offers three main account types: Classic, Vip and Raw. BDSwiss also does offer a Forex or CFD “Demo Account” and gives new traders the opportunity to put their skills to the test without risking real money. 

BD Swiss trading fees are based on spreads. The broker provides access to a great number of instruments: Indices, Forex, Commodities and Cryptocurrencies based on CFDs. The broker offers a wide range of payment options: credit cards, bank transfers, Western Union, Skrill and others.

We have chosen BD Swiss as the best Western Union forex broker in Switzerland as it offers excellent trading conditions. Besides, there are not so many Western Union forex brokers in Switzerland.

Best MT4 Forex Brokers with Western Union

We have picked FBS as the best MT4 Western Union forex broker.

FBS, founded in 2009,  is a forex and CFDs broker with offices in Belize and Cyprus. The broker is regulated in Belize, Cyprus, and Australia. The broker offers trading instruments with forex, indices, commodities, and stocks, and cryptocurrency CFDs.

We have picked FBS as the best Western Union forex broker MT4, as it offers trading on MT4 and MT5 platforms and FBS Trader (available only on mobile). The broker offers an abundance of useful tools and features for market research and analysis. 

List of Forex Brokers that Accept Western Union

Here is a list of Western Union forex brokers that we have tested and reviewed.

Forex Broker	Test Details	Broker Review
FBS	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review
BlackBull Markets	Deposit Amount: Over €4,000 Total Trade: 12 trades	BlackBull Markets Review
XM	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
Markets.com	Deposit Amount: Over €4,000 Total Trade: 12 trades	Markets.com Review
GO Markets	Deposit Amount: Over €4,000 Total Trade: 12 trades	GO Markets Review
BD Swiss		BD Swiss website

FAQ and More on Forex Brokers with Western Union

When it comes to Western Union forex brokers, there are many questions that traders may have. In an attempt to be helpful, we picked and answered some of the most important queries related to Western Union forex brokers.

Paying Forex Broker Fee via Western Union Online

Actually, traders cannot pay forex broker fee via Western Union online services. Before starting to trade, clients first need to deposit money to the trading account. This deposited money will later be used for trading purposes and broker fees.

Can You Pay Broker Fees for Binary Trade via Western Union

Binary options involve speculation on the price of an underlying asset. Binary options are a way to make money without putting in any work. All traders need to do is predict whether or not the price of an asset will go up. However, binary options are highly risky instruments forbidden by all major and reputable regulations worldwide.

There is only one Broker offering Binary Options legally in the US, which is Nadex. Read also our article on Binary Options.