Forex broker FxGrow said on Tuesday it has adopted several new payment methods – WebMoney, Yandex.Money, and Qiwi. Traders can make transfers both to and from their trading accounts using the three payment systems.
In addition, the broker allows both deposits and withdrawals via bank wire transfers, Visa and Maestro bank cards, cashU prepaid cards, and electronic payment systems Neteller, Skrill, and OKPay. The broker charges no handling commissions and fees.
FxGrow’s clients can make deposits via any of the supported systems in Euro (EUR) or US dollars (USD) of a minimum of the equivalent of $1. Deposits of less than the equivalent of $10 are not allowed, except for bank wires where the requirement for depisits and withdroawls is a minimum $100.
FxGrow offers two types of trading accounts – ECN and ECN Plus, with a minimum deposit requirement of $100 and $1,000, respectively, and leverage rates of 200:1 for both types.
The newly-added WebMoney, Yandex.Money, and Qiwi payment systems are all based in Russia and allow the transfer of funds electronically.
Yandex.Money is Russia’s largest electronic payment service based on the PayCash platform. It is used by more than 13 million clients for daily payments and business transactions.
WebMoney is a universal payment system with more than 28 million clients globally. In November 2015 it acquired a license from the UK’s financial regulatory body, the Financial Conduct Authority (FCA), which allows it to provide its services in EU member states.
Qiwi’s services include kiosks, wallet, bank and even terminals of goods delivery. It offers payment services in offered in Russia, Kazakhstan, Moldova, Romania, Belarus, the US, Brazil, and Jordan.
FxGrow is a trading brand of Growell Capital, a company regulated by the website of the Cyprus Securities and Exchange Commission (CySEC). It is also registered in a number of other EU member states, including the UK, Germany, Poland, Sweden, and Spain.
The broker offers trading in currencies and contracts for difference (CFDs).