We found 8 online brokers that are appropriate for Trading Western Union.
Western Union brokers play important roles in the global financial markets with respect to money transfers from one country to another funding and withdrawing from brokerage accounts.
If you want to send money to an overseas friend, Western Union brokers are able to help you to transfer and process the payment.
If you are planning to trade the markets in Italy, France, New York, Australia and any other country across the world, Western Union brokers are able to help you with funding and withdrawing using the Western Union money transfer network which has points all over the globe.
Western Union is an American company and initially started with business services like communications and finance.
It was also once the largest telegram exchange in the United States. However, the telegram service was wrapped up in 2006 after regular operating losses since the late 1970s.
After the loss of communication services the company reinvented itself with money orders and money transfers between one individual to another. Western Union outlets based across the world made the system possible. Allowing customers to transfer and pickup from Western Union outlets anywhere in the world.
The money that you want to transfer to or from your brokerage account can be small or big. It is not an issue. The Western Union brokers can help you send or receive from one location to another instantly. The transfer process is simple and quick.
Western Union brokers have outlets or branches in about 500,000 locations across the world. There are two options to send money. The first is called 'Money in Minutes' service and the second is the 'Next Day' service.
Western Union brokers need your name, address and copy of driving license or passport as identification to process the transfer. Some details of the recipient is also required at the branch at which the recipient wishes to withdraw the funds.
The Western Union brokers will charge a fee for the transfer and you as well as the recipient will be given a MTCN number or Money Transfer Control Number. Small amounts can be withdrawn in cash while for larger ones cheque will be issued.
Similarly, the Western Union brokers can also transfer the fund to recipient's bank account and for this you need to provide the bank details of your friend or business client.
The company also facilitates transfer of funds through its mobile app and it is called Mobile Phone Money. However, to benefit from it both you and the recipient need to download the app and register on it.
You can also send money through the official website Western Union. You don't need to contact the Western Union brokers for the service. Registration is free and money can be sent through credit or debit card. You can do it through your bank account too.
Money transferred through Western Union is fast and recipients can collect it within minutes.
Western Union brokers are available in 130 currencies and in 200 countries.
Funds can also be sent and received through mobile phone and bank account apart from person to person.
The commissions or fees paid to Western Union brokers are comparatively more than few rival money transfer companies. Many smaller towns don't have Western Union brokers or branches.
Newer online payment systems like PayPal and Skrill are becoming increasingly popular when depositing and withdrawing from brokerage accounts.
We have conducted extensive research and analysis on over multiple data points on Western Union Brokers to present you with a comprehensive guide that can help you find the most suitable Western Union Brokers. Below we shortlist what we think are the best western union brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Western Union Brokers.
Selecting a reliable and reputable online Western Union trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Western Union more confidently.
Selecting the right online Western Union trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for western union trading, it's essential to compare the different options available to you. Our western union brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a western union broker that best suits your needs and preferences for western union. Our western union broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Western Union Brokers.
Compare western union brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a western union broker, it's crucial to compare several factors to choose the right one for your western union needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are western union brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more western union brokers that accept western union clients.
Broker | coinbase | ovalx | icmcapital | fxclmarkets | forexfinancialservices | evansandpartnersptyltd | atiora | allyinvest |
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Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) | Ministry of Finance and Economic Management | Australian Securities and Investments Commission (ASIC) | Unregulated | Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
Min Deposit | 100 | 100 | 200 | 50 | 2500 | 500 | 10000 | 500 |
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Used By | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
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Accounts |
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Platforms | iPhone/iPad,iOS, | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps | Desktop,Android,iPhone,Mac | WEB,iPhone,MT4 | MT4 | MetaTrader 4,MetaTrader 5 | MT4,iOS,MacBook,iPhone | Desktop,Android,iPhone,Mac |
Support |
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Learn More |
Sign
Up with coinbase |
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Up with ovalx |
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Up with icmcapital |
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Up with fxclmarkets |
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Up with forexfinancialservices |
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Up with evansandpartnersptyltd |
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Up with atiora |
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Up with allyinvest |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Your capital is at risk | Your capital is at risk | Your capital is at risk | Your capital is at risk |
Demo |
Coinbase Demo |
Ovalx Demo |
ICM Capital Demo |
FXCL Markets Demo |
Forex Financial Services Demo |
Evans and Partners Pty Ltd Demo |
Atiora Demo |
Ally Invest Demo |
Excluded Countries | RU | US, BE, CA , SG, BE | US | US | US |
You can compare Western Union 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 Western Union Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Western union brokers below.