We found 7 online brokers that are appropriate for Trading Western Union.
Best Western Union Brokers Guide
Western Union Brokers
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.
Money Transfer with Western Union Brokers
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 Small amounts can be withdrawn in cash while for larger ones cheque will be issued.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.
Western Union Pros
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.
Western Union Cons
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've collected thousands of datapoints and written a guide to help you find the best Western Union 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 western union brokers below. You can go straight to the broker list here.
Reputable Western Union Brokers Checklist
There are a number of important factors to consider when picking an online Western Union trading brokerage.
Check your Western Union broker has a history of at least 2 years.
Check your Western Union broker has a reasonable sized customer support of at least 15.
Does the Western Union broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
Check your Western Union broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
Does your Western Union broker have an international presence in multiple countries. This includes local seminar presentations and training.
Make sure your Western Union broker can hire people from various locations in the world who can better communicate in your local language.
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 Western Union Brokers.
We compare these features to make it easier for you to make a more informed choice.
Minimum deposit to open an account.
Available funding methods for the below Western Union Brokers.
What you are able to trade with each brokerage.
Trading Platforms offered by these brokers.
Spread type (if applicable) for each brokerage.
Customer support levels offered.
We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Western Union Brokers of 2020 compared
Here are the top Western Union Brokers.
Compare Western Union Brokers min deposits, regulation, headquarters, benefits, funding methods and fees 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
Trading the financial markets with Western Union Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Western Union Brokers
is the platform that a Western Union Brokers offer.
Choose Western Union Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Western Union Brokers that you can rely on.
6 Factors to Consider when Choosing Western Union Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Western Union Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets.
The top rated Western Union broker is
Established in 2013, and in operation for 14 years
have a head office in United States.
is regulated. This means Ally Invest are supervised by and is checked for conduct by
Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Choose a broker that's at the forefront of innovation and generally considered an industry-leader.
Ally Invest and offers over 32 instruments.
Ally Invest offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, Ally Invest supports many popular third-party trading platforms enabling access to a
variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy.
Ally Invest is a world-leader when it comes to innovation and they are always looking at ways to improve
and to maintain their competitive advantage.
Another good choice when looking for Western Union Brokers is
Atiora and offers over 39 instruments.
Find Western Union Brokers with Round-the-clock support?
Customer service is very important when dealing with Western Union Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services.
It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Western Union Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
Ally Invest support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
Atiora support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
Ally Invest and Atiora offer support where clients are able to call or contact the helpdesk via email or a chat service.
Make sure the Western Union Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools.
With a wealth of knowledge from top analysts, Ally Invest and Atiora work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important,
along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation.
As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as
selecting the best broker to access the markets.
Why do Western Union Brokers need to be regulated?
A regulated Western Union broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Western Union brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated.
This amounts to fraud if client money is used to conduct the business.
Regulation is required to make sure this does not happen.
Western Union Brokers FAQ
What are the best Western union brokers?
The best Western union brokers that are regulated are
The best Western union broker is Ally Invest. We consider
Ally Invest one of the best Western union brokers because Ally Invest is actively
used by over 10000 active traders.
Ally Invest ia regulated by tier 1 financial regulators including Cyprus Securities and Exchange Commission (CySEC). Ally Invest were founded in 2013 and have a headquarters in United States. You can open a live trading account with Ally Invest with as little as a 500 min deposit.
Related Western Union Brokers Reviews
Read our reviews on our Western Union Brokers listed above. You can read our indepth Western Union Brokers reviews below.
If you feel some of the above Western Union Brokers are not quiet what you are looking for or perhaps you would just like to see some alternatives.
See our highly rated list of Western Union Brokers alternatives below.