Top Western Union Brokers for 2020

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 Small amounts can be withdrawn in cash while for larger ones cheque will be issued.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.

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.

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

Broker icmcapital fxclmarkets forexfinancialservices evansandpartnersptyltd coinbase atiora allyinvest
Rating
Regulation Financial Conduct Authority (FCA) Ministry of Finance and Economic Management Australian Securities and investment Commission (ASIC) Unregulated Financial Conduct Authority (FCA) Australian Securities and Investment Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC)
Min Deposit 200 50 2500 500 100 10000 500
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
Used By 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
Accounts
  • Demo account
  • Standard account
  • ECN account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • Islamic account
  • Mini account
  • Standard account
  • Managed account
  • Mini account
  • Demo account
  • Micro account
  • ECN account
  • Demo account
  • Mini account
  • Managed account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Desktop,Android,iPhone,Mac WEB,iPhone,MT4 MT4 MetaTrader 4,MetaTrader 5 iPhone/iPad,iOS, MT4,iOS,MacBook,iPhone Desktop,Android,iPhone,Mac
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
icmcapital
Sign Up with
fxclmarkets
Sign Up with
forexfinancialservices
Sign Up with
evansandpartnersptyltd
Sign Up with
coinbase
Sign Up with
atiora
Sign Up with
allyinvest
Risk Warning 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 Your capital is at risk
Demo ICM Capital
Demo
FXCL Markets
Demo
Forex Financial Services
Demo
Evans and Partners Pty Ltd
Demo
Coinbase
Demo
Atiora
Demo
Ally Invest
Demo
Excluded Countries US US US

All Western union brokers in more detail

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 2020 article further below. You can see it now by clicking here

We have listed top Western union brokers below.

Western Union Brokers List

icmcapital
(3/5)
Min deposit : 200
ICM Capital was established in 2008 and is used by over 10000+ traders. Your capital is at risk ICM Capital offers Forex trading, Spread Betting, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

Desktop,Android,iPhone,Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
fxclmarkets
(3/5)
Min deposit : 50
FXCL Markets was established in 2008 and is used by over 10000+ traders. Your capital is at risk FXCL Markets offers Forex trading, Spread Betting, Social trading, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

WEB,iPhone,MT4

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Ministry of Finance and Economic Management
forexfinancialservices
(3/5)
Min deposit : 2500
Forex Financial Services was established in 2008 and is used by over 10000+ traders. Your capital is at risk Forex Financial Services offers Forex trading, Spread Betting, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and investment Commission (ASIC)
evansandpartnersptyltd
(3/5)
Min deposit : 500
Evans and Partners Pty Ltd was established in 2012 and is used by over 10000+ traders. Your capital is at risk Evans and Partners Pty Ltd offers Forex trading, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

MetaTrader 4,MetaTrader 5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
coinbase
(3/5)
Min deposit : 100
Coinbase was established in 1989 and is used by over 10000+ traders. Your capital is at risk Coinbase offers Forex trading, CFD trading, Social trading, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

iPhone/iPad,iOS,

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
atiora
(3/5)
Min deposit : 10000
Atiora was established in 1997 and is used by over 10000+ traders. Your capital is at risk Atiora offers Forex trading, CFD trading, Social trading,

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,iOS,MacBook,iPhone

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC)
allyinvest
(3/5)
Min deposit : 500
Ally Invest was established in 2013 and is used by over 10000+ traders. Your capital is at risk Ally Invest offers Forex trading, CFD trading, Spread Betting, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

Desktop,Android,iPhone,Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)