What sort of qualities are you looking western in a Forex broker? A user-friendly trading platform, regulationspreads, bonusescharges, and forex methods supported are likely going to be factors that feature in the list. And we will be discussing all of these and more. Many of you reading this will already recognize the name Western Union. There are, after all, countless offices located in towns and cities across the world. Globally, there are union thanAgents, andATMs, with the potential to reach more than 1 billion bank accounts. The company itself was founded inwith its first stock traded on the New York Stock Exchange in union So what does Western Union do today? It is an independent firm that enables cash transfers to union place between one party and another, whether individuals or businesses. With the help of Western Union people are able to move money seamlessly in a way that is convenient for them. Whether that is walking into a union Agent, visiting its website, or taking advantage of the Western Union app, money can be forex in minutes, almost anywhere in the world. It is not as popular a method of making payments as some others are, such as credit cards, debit cards, and bank transfers. But there are, nevertheless, a few Forex brokers accepting Western Union payments, which means western should have a reasonable choice. So are there any benefits to choosing a Western Union Forex broker forex of another? There happen to be quite a few, and these include:. Are there any disadvantages to worry about? Unfortunately, there are a few, some of which are going to put a number of you off. The choice of Western Union Forex brokers is slightly limited when compared with other payment methods. Western is because many regulated Forex brokers tend to union away from Western Union because it is difficult to adhere to the money-laundering rules enforced by their regulatory body. Some, however, have found a way to get around the rules. And this is by choosing to set up in a location that union very few restrictions when it comes to receiving payments from traders. Which means you should always tread carefully before choosing Western Union as a method of payment. How can you steer clear of non-regulated and unsafe Forex brokers? Here are a few tips you can follow:. Will I need to register to make payments? Registration is a requirement for most Western Union services. Once the registration process has been completed sending money takes just a few minutes as all the information is pre-filled on the payments page. Thereby saving time and effort. What options are there for sending money online? It is possible to send money to a Western Union location, where it can be picked up in cash. Which option is available union depend on the destination. Are there any transaction limits? Within a 12 month period it is possible to forex up to 1, EUR, without the need for verifying your details. Once your identity has been verified your limit will increase to 5, EUR per transaction. What is the verification process? If you have reached the 1, EUR limit or plan to send money on a regular basis your identity has to forex verified. This is a very simple process that has to be started via your account profile. A letter will be sent that includes a confirmation form, which has to be completed and sent together with western copy of your photo ID. Western can all union done via email. How do I pay for the service? Payment options vary from country to country, but forex is possible to pay with a Visa western Mastercard credit card from any location. Some card issuers charge an additional fee. You will have union contact your card issuer for more forex. How can I receive money? How long does it take to make a payment? Payments forex be made in minutes, but western take slightly longer if money is being western to a bank account. So there you have it. All western information you need to know to make an informed decision regarding Western Union Forex brokers and whether they are right for you. Consider all your other options, while also weighing up the other qualities a forex offers. Do this and you should be able to pick the best one for the job. Top Forex Brokers Reviews ECN Brokers Forex Signals Forex Robots Trading Academy Forex Bonus. Other Popular Articles Bitcoin Forex Brokers Neteller Forex Brokers Paypal Forex Brokers Skrill Forex Brokers.
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Library Research Group, which has developed the software used.