Payeer Has A Consumer Rating Of 4 Stars From 72 Reviews Indicating That Most Customers Are Generally Satisfied With Their Purchases. Consumers Satisfied With Payeer Most Frequently Mention Internal Exchange. Payeer Ranks 5th Among Banking Sites.
The Best Payeer Forex Brokers in 2022 List
Here’s a list and short descriptions of our best Payeer forex brokers according to our research.
- FXTM : Best Prepaid Payeer Overall
- XM : Best Multi-Currency Solution
- FP Markets : Best Payeer For European Traders
- FBS : Best Payeer For Travelers
- OctaFx : Best For Occasional Use
- TMGM : Best Versatile Payeer
- EasyMarkets : Best Overall For Metatrader
- Plus500 : Excellent Trading Tools For Metatrader
- Markets.com : Metatrader Suite, Average Pricing
- HYCM : Full Metatrader Suite, Competitive Pricing
1. FXTM : Best Prepaid Payeer Overall
FXTM Or ForexTime Was Founded In 2011 And Is A Global CFD And FX Broker. It Is Regulated By Several Financial Authorities, Including The UK Financial Conduct Authority (FCA) And The Cyprus Securities And Exchange Commission (CySEC). FXTM Is Considered Safe Because It Is Regulated By The Top-Tier FCA.
FXTM Is Regulated With 3 Top-tier Regulators I.E. FCA, CySEC & FSCA. They Are Also Licensed By Multiple Other Foreign Regulators. So, They Are Considered A Legit CFD Broker Because Of Their Licenses With Multiple Regulations.
FXTM Offers Traders A Commission-Free And Commission-based Forex Account. The Former Ranks Among The More Expensive Ones, But The Latter Account Is One Of The Best Ones Available. I Can Highly Recommend It For High-frequency Traders And Scalpers.
| Forex Pairs | 27 pairs |
| Max Leverage | 1:2000 leverage |
| Pricing | 0.4 – 2 USD per lot for Advantage accounts, 0% commission for Micro and Advantage Plus accounts |
| Spread for USD/EUR | From 0.0 pips for ECN Prime account; From 1.5 pips for Mirco and Advantage Plus accounts |
| Mastercard Deposit Fee | None |
| Trading Platforms | MT4, MT5, Webtrader |
2. XM : Best Multi-Currency Solution
XM Group Is A MetaTrader-Only Broker That Offers An Outstanding Selection Of High-Quality Educational Content And Market Research. That Said, XM Falls Behind With Its Limited Pricing, Range Of Markets, And Platform Offering — None Of Which Can Compete With The Best Brokers In This Space.
XM Offers Traders More Than 1,000 Competitively Priced Assets, Excellent Leverage, Trading Bonuses, Plus A Loyalty Program And An Upgraded MT4/MT5 Trading Platform.
XM Group (XM) Is A Group Of Regulated Online Brokers. Trading Point Of Financial Instruments Ltd Was Established In 2009 And It Is Regulated By The Cyprus Securities And Exchange Commission (CySEC 120/10), Trading Point Of Financial Instruments Pty Ltd Was Established In 2015 And It Is Regulated By The Australian Securities And Investments Commission (ASIC 443670) And XM Global Limited Was Established In 2017 With Headquarters In Belize And It Is Regulated By International Financial Services Commission (000261/158).
XM’s Regulation In Cyprus Provides Its Clients There With A Degree Of Investor Protection, As CySEC Maintains An Investor Compensation Fund Which Is Empowered To Award Depositors Who Lose Their Accounts Due To Failure Of A Regulated Firm An Amount Up To €20,000.
| Forex Pairs | 57 pairs |
| Max Leverage | 1:1000 leverage |
| Pricing | – |
| Spread for USD/EUR | – |
| Mastercard Deposit Fee | None |
| Trading Platforms | Proprietary mobile app, MT4, MT5 |
3. FP Markets : Best Payeer For European Traders
FP Markets Shines As A Low-cost Broker For Trading Forex And CFDs – As Long As You Use The MetaTrader Platform. The Iress Platform Suite Offers Well Over 9,000 Tradeable Symbols, But It’s Mostly A Share Trading Platform – And Is Generally A Much Pricier Option.
Forex And CFD Traders Will Find A Versatile, Affordable MetaTrader Offering At FP Markets, But Without The Research And Educational Content Offered By Industry Leaders.
FP Markets Is An Australian Multi-asset Broker With More Than $1 Billion In Daily Trading Volume, Serving Clients From 80+ Countries. Founded In 2005 In Australia, FP Markets Grew Into A Trusted Brand Over The Past 15+ Years With More Than 100 Employees. The Upgraded MT4/MT5 Trading Platforms, Via The Trader Tools Consisting Of Twelve Plug-ins, Present Clients With A Competitive Edge. We Have Conducted An In-depth Review Of This CFD Broker To Provide Traders With A Complete Overview Of The Trading Environment At FP Markets.
| Forex Pairs | 60 pairs |
| Max Leverage | 1:500 Leverage |
| Pricing | $3.00 commission per |
| Spread for USD/EUR | 1.2 pips |
| Mastercard Deposit Fee | None |
| Trading Platforms | Metatrader 4,Metatrader 5,Social Trading And WebTrader |
4. FBS : Best Payeer For Travelers
FBS Is A Cypriot Forex Broker Owned And Operated By Tradestone LTD Headquartered In Limassol, Cyprus. The Brokerage Was Founded In 2009 And Is Regulated By The Cyprus Securities And Exchange Commission (CySEC), License Number 331/17. Since Its Inception, FBS Has Received Over 40 International Recognitions And Awards And Is Home To Over 13,000,000 Clients.
According To The Broker, 7,000 New Accounts Are Opened Every Day And FBS Receives And Processes One Withdrawal Request Every 20 Seconds.
80% Of FBS Clients Remain Loyal To The Broker And 48% List Trading Revenues Generated At FBS As Their Prime Source Of Income. As A Truly Global Forex Broker, FBS Serves Clients In 190 Countries And Expands Its Market Share On A Daily Basis. The 24/7 Customer Service Team Usually Responds To Requests In Less Than 30 Seconds And Speaks Multiple Languages.
| Forex Pairs | 43 pairs |
| Max Leverage | 1:3000 for certain accounts |
| Pricing | $6 commission for ECN account, 0% commission for Standard account |
| Spread for USD/EUR | From 0 pips |
| Mastercard Deposit Fee | None |
| Trading Platforms | Proprietary app, MT4, MT5 |
Best Payeer Forex Brokers Compared
Below is a table summary to help you compare the best Payeer Forex Brokers.
| Forex Brokers | Forex Pairs | Max Leverage | Pricing | Spread for EUR/USD | Payeer Deposit Fee | Trading Platforms |
|---|---|---|---|---|---|---|
| FXTM | 27 pairs | 1:2000 leverage | 0.4 – 2 USD per lot for Advantage accounts, 0% commission for Micro and Advantage Plus accounts | From 0.0 pips for ECN Prime account; From 1.5 pips for Mirco and Advantage Plus accounts | None | MT4, MT5, Webtrader |
| XM | 57 pairs | 1:1000 leverage | - | - | None | Proprietary mobile app, MT4, MT5 |
| FP Markets | 60 pairs | 500:1 leverage | $3.00 commission per | 1.2 pips | None | Metatrader 4,Metatrader 5,Social Trading And WebTrader |
| FBS | 43 pairs | 1:3000 for certain accounts | $6 commission for ECN account, 0% commission for Standard account | From 0 pips | None | Proprietary app, MT4, MT5 |
| OctaFx | 35 currency pairs | 1:500 leverage | 10,000 USD | 0.6 Pips | None | Metatrader 4, Metatrader 5 |
| TMGM | 7 Forex Pairs | 1:500 leverage | Edge Account: $3.50 Commission Per Lot Per Trade Plus Spread Cost | 0.0 Pips | None | Metatrader 4, IRESS |
| EasyMarkets | 62 pairs | 1:30 Leverage | - | 0.3 pips | None | Mobile Apps,TradingView,MetaTrader4 And MetaTrader5 |
| Plus500 | 71 pairs | 1:300 leverage | 0.00051 | 0.00037 | None | Web Terminal |
| Markets.com | 7 Major Forex Pairs | 1:100 leverage | 0% commission | 0.6 Pips | None | MT4, MT5 And WebTrader |
| HYCM | 91 pairs | 1:500 leverage | 0% commission | 0.1 pips | None | MT4, MT5 |
What is Payeer?
Payeer Is A Versatile Electronic Payments System Which Facilitates The Payments Of Over 150 Payment Methods. As Well, Payeer Has Their Very Own E-Wallet And Prepaid MasterCard Which Can Be Used For Payments Such As The Depositing Of Funds To An Online Trading Account. Payeer Was Launched In 2012 And Has Gained Immense Popularity Over The Years As The Company Continues To Provide A Large Variety And Excellent Quality Of Payments.
Also, Not Only Does Payeer Facilitate Payments, But Also Acts As An Exchange To Other E-currencies. Payeer Can Be Used To Send Money To Just About Every Single Type Of E-wallet On The Internet And Is Accessible To Nearly Everybody In The World. Payeer Is A Truly Global Payments System And Is Trusted And Used By Many For The Depositing Of Funds In Online Trading Accounts.
Withdrawals Can Be Made In A Variety Of Ways And Vary In Fees. Some Of The Options Include:
• MasterCard
• Visa
• PayPal
Benefits of Using a Payeer Forex Broker
Is Payeer Safe?
Payeer Offers Its Financial Services In The EU Through Financa Private Limited Company. It Has Received Its Activity License Virtual Currency Service From The Ministry Of Economic Affairs And Communications (MEAC) Estonia. It Means That Payeer Is A Reliable Processor, And Your Funds Are Safe With Them.
Payeer Has Received An Average Score On Various User Review Platforms. The Main Concern Of The Users Is The Problem Of Withdrawing Their Funds. Many Users Had Complained That They Were Unable To Withdraw Funds Via Visa/MasterCard. Another Issue Is That Payeer Is Currently Not Issuing New MasterCards For All Countries, And The Previously Issued MasterCards Have Been Blocked Too.
Payeer Is Safe And Legit, But Its Withdrawal Option Has Annoyed Many Users.
Payeer Services
Payeer Offers The Services To Make And Receive Payments In Many Countries With Several Options. It Also Supports Many Online Currency Exchange Services And Lets Its Users Operate On Different Systems, Bank Cards, And Institutions. You Can Sign-up With The Service Just By Entering Your Email ID, A Verification Code Sent To Your Email, And Your Name And Country. Payeer Lets Users Register An Unverified Account With A Daily Withdrawal Limit Of 999 USD.
Payeer Features
Payeer Enables Users To Have Multi-currency Accounts And Transfer Funds Instantly & Make Quick Payments. Payeer Also Has A Feature That Helps Users To Make Payments For Any Utility Bill With A QR Code
Conclusion
Payeer Has Attracted Many Users Within And Outside The EU Because It Offers Many Ways To Pay And Supports Other Systems. To Check Whether It Is A Reliable Payment Service, I Reviewed Numerous User Testimonials And Researched The Website. Currently, Payeer Has No Dedicated FAQ Section, Nor Can You Contact Support Directly Through A Phone Number.
Apart From The Withdrawal Issue, Many Users Have Complained About The Lack Of Transparency In Fees. You May Not Be Able To Get Complete Information On Payeer’s Commissions If You Are Not A Registered User. Payeer Is A Multi-currency E-wallet, And I Could Not Understand Why The Fees Were Not Clear From The Start. You Can Only Reach The Support Department Through A Message Form; There Seems No Other Way To Contact A Representative Via Chat Or Phone Number.
Only Users Can Decide Whether To Use This Service Or Not, But We Recommend Usin
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