We found 11 online brokers that are appropriate for Trading Moneygram.
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.
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.
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 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 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.
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 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.
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 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. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best moneygram brokers below. You can go straight to the broker list here.
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.
We compare these features to make it easier for you to make a more informed choice.
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 |
XTB
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Roboforex
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Pepperstone
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FXPrimus
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SpreadEx
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City Index
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Markets.com
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IG
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HY Markets
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Axitrader
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Swissquote
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Regulation | 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) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | 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) | Financial Conduct Authority (FCA) |
Min Deposit | No minimum deposit | 1 | 200 | 100 | 1 | 25 | 250 | No minimum deposit | 100 | No minimum deposit | 1000 |
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Used By | 250,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 14,000+ | 10,000+ | 239,000+ | 10,000+ | 10,000+ | 300,000+ |
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Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps | MT4, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
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Up with cityindex |
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Up with marketscom |
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Up with ig |
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Up with hycm |
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Up with axitrader |
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Up with swissquote |
Risk Warning | 82% 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Losses can exceed deposits | Losses can exceed deposits | 75% of retail investor accounts lose money when trading CFDs with this provider | 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits |
Demo |
XTB Demo |
Roboforex Demo |
Pepperstone Demo |
FXPrimus Demo |
SpreadEx Demo |
City Index Demo |
Markets.com Demo |
IG Demo |
HYCM Demo |
Axitrader Demo |
Swissquote Demo |
Excluded Countries | US, IN, PK, BD, NG , ID, BE | US, JP | BR, KR, IR, IQ, SY, JP, US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR | US, BE, FR, IN, IL, PL, ZW | US | US, JP | US |
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 2021 article further below. You can see it now by clicking here
We have listed top Moneygram brokers below.