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MoneyGram Forex Brokers

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MoneyGram is a payment method and Online money transfer service enables the client to send money for cash pickup as well as to various banks, mobile or virtual accounts through a flexible and secured environment. However, due to its cash working nature MoneyGram is not widely accepted by Forex Brokers.

What is MoneyGram Broker?

MoneyGram Brokers accept MoneyGram as a payment method offering their clients to fund accounts using MoneyGram. MoneyGram itself is a global money transfer provider with its authorized by various institutions and authorities services in numerous territories, in more than 200 countries with approximately 350,000 agent locations.

Follow the Twitter account for prompt updates and changes @MoneyGram.

💰Deposit Yes/No
🏦Withdrawal Yes/No (can be some limitations based on Broker conditions)

What is MoneyGram Forex Platform?

MoneyGram is a method accepted by brokers allowing traders to fund their accounts and implement trading. So, no need to search for a special platform for MoneyGram deposits but to find a Broker who support this payment method.

See some of important notes about MoneyGram Widrawal and Deposit Forex Account: 

  • MoneyGram Forex Brokers, which work with the payment provider are also performing and ussually accepting money transactions via the Western Union option.
  • In fact, Those methods are far beyond the common funding methods and are not widely available among the most trusted Forex Brokers, mainly due to its cash transfer and receiving method which is not supported by all the Trading Authorities worldwide. More widely used are Skrill, Neteller and Card Payments.
  • Yet it is also necessary to check with the broker or another, particularly about the option to make the deposit by the MoneyGram, since the method might be available with the subtitled Bank Wire transfer.
MoneyGram in Forex Advantages MoneyGram in FOrex Disadvantages
Low Cost Fees Not many brokers accept MoneyGarm
Transparent Conditions Some Limitations might be applicable
Easy Cash transfer option Services are not available in all destinations

Top 5 Best Forex Brokers accepting MoneyGram

Here is the selection of Best Brokers accept MoneyGram as Deposit method we select by category with some of the best trading conditions and trustable standards of money management:

How does MoneyGram work in Forex?

Moneygram is used by Forex brokers as a payment method to transfer money to or from the trading account, however, this method is not widely used.

Is MoneyGram A Good Choice For Traders?

Yes, however MoneyGram is, in fact, a preferred method of payment for scammers and therefore it is prudent to be diligent when asked to send funds. We would advise using more common methods like Credit Cards otherwise.

Why MoneyGram Brokers needs to be regulated?

Financial protection is paramount when you choose a Moneygram broker, and the regulation of these brokers ensures that consumers are protected from potential fraud. This high level of security requires agents to keep their clients’ money separate from their own working capital in order to provide superior services and reduce the risk for all involved parties.

MoneyGram Forex Brokers List

These are the Regulated brokers that accept MoneyGram based on our research and expert review:

Broker Detail