Top Moneygram Brokers for 2022

We found 11 online brokers that are appropriate for Trading Moneygram.

Best Moneygram Brokers Guide

Updated August 15, 2022

MoneyGram Brokers

By MoneyGram brokers we mean such brokers who accept payments through MoneyGram. In recent years more and more brokers have started accepting e-wallets and lately electronic payment platforms have grown widely.

MoneyGram brokers are trading platfroms that accept MoneyGram funding and withdrawal methods.

Experienced traders understand the pros and cons of each payment method and most of them prefer to deal with MoneyGram brokers due to it being safer and better secured.

What is MoneyGram

MoneyGram is a globally recognized payment platform and MoneyGram brokers are also known across most of the financial markets.

The MoneyGram brand came into existence in 2004 but its origin dates back to 1940 when Integrated Payment Systems Inc and Travelers Express merged.

MoneyGram, an award winning payment platform, is a worldwide recognised payment system and most prominent MoneyGram Brokers are known all over the world. MoneyGram as an award winning product has reached millions of customers worldwide. MoneyGram as a platform was designed to simplify the complex process of currency exchange and cross-market lending. The MoneyGram online access is supported by a variety of financing methods including credit cards, electronic cheques, internet banking, electronic transfers and direct deposit. This enables the users to access funds as and when they require them from any where across the globe.

MoneyGram online access and provision of funds is possible through online applications through which customers can get access to their funds anytime. The platform of MoneyGram brokers facilitates the customers to deposit their cheque or cash by accessing the Internet on the spot. Another most crucial feature of MoneyGram brokerage is the inclusion of various convenient financial products like savings accounts, CD's, bonds and many more instruments that are used for safekeeping of money. Thus, MoneyGram brokers have successfully fulfilled the dreams of every common man who seeks an apt medium to store his money.

MoneyGram has various ways of sending money online through various banks and credit unions. This can be done either by phone or through the Internet. The company offers the convenience of sending money to any part of the world through these methods. MoneyGram uses its own bank accounts to send money to various countries and this option is preferred by many people because it saves them from having to use their personal bank accounts to transfer money to their loved ones back home for example.

MoneyGram operates in at least 200 countries and there is an unaccountable number of MoneyGram brokers.

Customers across the world trust MoneyGram and the MoneyGram brokers.

MoneyGram Services

MoneyGram brokers are preferred mostly because the payment platform is easy to use and highly secured while transferring money to anywhere in the world. One of the important features to mention here about MoneyGram is that it allows transferring cash to recipients instantly.

The process is simple. You would just carry cash to one of the MoneyGram brokers to process the transaction. Recipients at any area of the world can receive the money in their bank accounts, prepaid card and mobile phone.

Even though the transaction fee with MoneyGram is affordable, it is not the lowest in the industry. Other payment platforms are less expensive.

As an example MoneyGram charges 12 USD to send 100 USD in the United States. However, the fee could vary from one country to another. This also varies with the volume of transactions and cost estimator tools on the website of MoneyGram helps in calculating the fees.

Sending money directly using the MoneyGram website has an upper cap. To send more than the maximum limit one needs to approach the MoneyGram brokers.

Moneygram offers various financial services including bill payment, bill transfer, prepaid Visa debit cards, international money transfers and international wire transfers, among other things. However, the services that this company offers differ according to its market priorities like remittance, electronic funds transfer, card payments, and international car transfers among others. They also offer mobile money transfers for their customer base and one can also send cheques through this company's MoneyGram mobile application.

MoneyGram Benefits

The first benefit of MoneyGram is that it is very simple and secure. Depositing and withdrawing funds through the platform is fast and almost instant in most countries including the United States, the United Kingdom and some of the European countries.

The platform offers a loyalty program to its clients and the benefits depend on the usage levels.

MoneyGram is one of the major payment platforms in the world and it is widely accepted in over 200 countries. However, in recent years other platforms are gaining popularity.

MoneyGram Products

MoneyGram offers a couple of services to customers. The primary is MoneyGram Money Transfer and the other is MoneyGram Bill Payments Services.

MoneyGram Bill Payments Services allows customers to make urgent payments and it is also used in paying routine bills to creditors.

MoneyGram's Money Orders is in high demand and it is the second largest with respect to volumes transferred.

The company also offers official checks and have made this available to financial institutions in the US.

MoneyGram, the Company

Based in the United States, MoneyGram is headquartered in Dallas, Texas. It has locations in more than 200 countries and an undisclosed number of MoneyGram brokers and agents. With their products and also the financial paper products, the company is preferred mostly by company houses.

In 2014 the company became the second-largest money order service provider in the world.

Since 2004 the company has been known under its current name but prior to this the service provider was recognized as Travelers Express, which was founded in 1940.

In 2013 the company established MoneyGram Foundation to distribute grants that help support education and during their first year 19 countries were covered.

MoneyGram Brokers Verdict

MoneyGram is one of the popular payment methods used by businesses and traders from across the world. It is comparatively more secure and funds transferred through it are instant.

Most of the customers can process payments without any assistance and through the website as the technique is simple. However, many take the help of MoneyGram brokers, who are available in most of the locations.

We've collected thousands of datapoints and written a guide to help you find the best Moneygram Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best moneygram brokers below.

Reputable Moneygram Brokers Checklist

There are a number of important factors to consider when picking an online Moneygram trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Moneygram Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Moneygram Brokers of 2022 compared

Here are the top Moneygram Brokers.

Compare Moneygram Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are moneygram brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more moneygram brokers that accept moneygram clients

Broker Roboforex AvaTrade XTB Pepperstone SpreadEx Admiral HY Markets Axitrader Eightcap ForTrade FXPrimus
Rating
Regulation Cyprus Securities and Exchange Commission (CySEC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB) Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
Min Deposit 1 100 No minimum deposit 200 1 200 100 No minimum deposit 100 100 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 10,000+ 300,000+ 250,000+ 89,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 1,000,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Demo account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
Platforms MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Tablet & Mobile apps MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps MT4, Tablet & Mobile apps MT4, Binary, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
roboforex
Sign Up with
avatrade
Sign Up with
xtb
Sign Up with
pepperstone
Sign Up with
spreadex
Sign Up with
admiralmarkets
Sign Up with
hycm
Sign Up with
axitrader
Sign Up with
eightcap
Sign Up with
fortrade
Sign Up with
fxprimus
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74-89 % of retail investor accounts lose money when trading CFDs Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits Your capital is at risk Losses can exceed deposits
Demo Roboforex
Demo
AvaTrade
Demo
XTB
Demo
Pepperstone
Demo
SpreadEx
Demo
Admiral Markets
Demo
HYCM
Demo
Axitrader
Demo
Eightcap
Demo
ForTrade
Demo
FXPrimus
Demo
Excluded Countries US, JP BE, BR, KP, NZ, TR, US, CA, SG US, IN, PK, BD, NG , ID, BE, AU AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW US, TR US, CA, JP, SG, MY, JM, IR, TR US US, JP US US AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC.


All Moneygram brokers in more detail

You can compare Moneygram Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Moneygram Brokers for 2022 article further below. You can see it now by clicking here

We have listed top Moneygram brokers below.

Moneygram Brokers List

Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Admiral
(3/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
HY Markets
(3/5)
Min deposit : 100
HYCM was established in 1977 and is used by over 10000+ traders. Losses can exceed deposits HYCM offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
Axitrader
(3/5)
Min deposit : 0
Axitrader was established in 2007 and is used by over 10000+ traders. Losses can exceed deposits Axitrader offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA)
Eightcap
(3/5)
Min deposit : 100
Eightcap was established in 2015 and is used by over 10000+ traders. Losses can exceed deposits Eightcap offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC)
ForTrade
(3/5)
Min deposit : 100
ForTrade was established in 2014 and is used by over 1000000+ traders. Your capital is at risk ForTrade offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Binary, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB)
FXPrimus
(3/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)

Learn more Learn more about Roboforex.
Losses can exceed deposits
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Losses can exceed deposits