All Share (J203) = 89 898
Rand / Dollar = 18.24
Rand / Pound = 23.62
Rand / Euro = 19.69
Gold (usd/oz) = 3 056.33
Platinum (usd/oz) = 986.40
Brent (usd/barrel) = 73.97
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

3 Best Qiwi Wallet Forex Brokers

Qiwi Wallet Forex Brokers use Qiwi Wallet an online and mobile payment system largely based within Russia. However, there are some supporting companies who offer the service. The Qiwi Wallet payment service provides an e-wallet to its client for the purpose of storing the customer’s bank cards and Qiwi virtual or plastic Visa cards

Choose your quick section of our best Qiwi Wallet Forex Brokers below.

Our 3 Best Handpicked Qiwi Wallet Forex Brokers Revealed:

Qiwi Wallet has approximately 170,000 of its own self-service payment terminals or kiosks situated in Russia alone. Here is an overview of the Top 3 Forex Brokers and Trading Platforms accepting Qiwi Wallet.

 

A review about UFX
 

UFX

 

UFX is a forex and CFD trading broker which is regulated by CySECUFX offers over 484 different instruments to trade, including over 49 currency pairs on the MetaTrader4 (MT4) or proprietary MassInsights platforms.

 

Pros and Cons

 

Pros Cons
Segregates client funds Doesn’t allow scalping
Established in 2007 Inactivity Fee
Regulated by CySEC Not FCA Regulated
Min. deposit from $500

  

To open a live trading account, traders will need a minimum deposit of at least $500.  Traders access to major markets like currencies, indices, commodities and shares.

 

Trading Benefits

 

Trading Features Accounts offered Funding methods
Allows hedging Demo account Credit cards
Offers STP Micro account Bank Transfer
Offers Negative Balance Protection Mini account Payoneer
Standard account Neteller
Islamic account American Express
Credit cards

 

Multilingual Customer support is available by email, phone, or live chat.

 

A review of Nord FX
 

NordFX

 

NordFX is a forex broker located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC)NordFX offers Forex trading with specific accounts for each type of trader, including Zero accounts which offers spreads from 0 pips.

 

Pros and Cons

 

Pros Cons
Strict Regulations Limited Trading Assets
Investment Fund No Social Trading
PAMM No US Clients
Discounted VPS  

  

Trading instruments on offer ranges from more than 30 currency pairs, the popular precious metals gold & silver, 11 major cryptocurrency pairs, plus CFDs based on Brent oil and stock indices such as Dow Jones 30, S&P 500, DAX 30, NASDAQ 100, and NIKKEI 225.

 

Trading Benefits

 

Trading Features Accounts Offered Funding Types
Leverage up to 1:10000 FIX Wire Transfer
Minimum $10 Deposit PRO Credit/Debit
Zero Neteller
FasaPay

 

NordFX offers customer support via Email, Telephone and a 24/5 Live Chat function plus an Online Contact Form available on their website.

 

A review about IQ Option
 

IQ Option

 

IQ Option is a broker developed under the IQ Option Europe company which was founded in 2013. IQ Option contains a CySEC license Cyprus Securities and Exchange Commission from Cyprus, with permission to provide its financial services within the European Economic Area zone, with several licenses from other EU local jurisdictions. IQ Option offers its clients services in binary options, stocks and shares, currencies, and ETF trading.

 

Pros and Cons

 

Pros Cons
Regulated by the Cyprus Securities and Exchange Commission (CySEC) Does not provide MT4 and MT5 trading platforms
Easy and convenient method of opening an account Not available for traders in the US, Canada, Australia, Japan, and other countries
Wide range of trading instruments on offer  
No deposit and withdrawal fees  

 

IQ Option provides clients with a proprietary platform which is also used for CFDs and for binary options tradingTraders can also install the mobile trading app which is provided free of charge. The mobile trading app has been designed specifically for use on smartphones and mobile devices and allows traders to check their account status, keep updated with all the developments in the market as well as to execute trades.

 

Trading Benefits

 

Trading Features Accounts Offered Funding Methods
Low min. deposit Standard Alipay
Low Spreads VIP Credit Card
Regulated by CySEC Demo MoneyGram
Perfect Money
QIWI
Skrill
Wire Transfer

 

The IQ Options trading platform and website are available to traders in thirteen different languages and allows traders to choose the currency to trade with. The selections of currencies are: GBP, RUB, EUR, IDR, USD, MUR, and Yuan. Customer service is available via email, live chat or the telephone.

 

Conclusion

 

Qiwi Wallet not only offers fast account registration but state of the art security for extra peace of mind.

 

FAQs

 

What is a Qiwi Wallet?

A Qiwi Wallet is an online and mobile payment system which allows customers to make purchases online or by using their mobile device.

 

Is Qiwi legit?

Yes. The Qiwi Group is a well-trusted, well-known and legitimate company.

 

How do customers register with Qiwi Wallet?

Customers can open a Qiwi Wallet account by providing their phone number and verifying the account by using a secure SMS code.

 

How does Qiwi Wallet work?

A Qiwi Wallet can be loaded via virtual or plastic cards and can be used to make deposits into an investors trading account.

 

Is Qiwi safe?

Yes, Qiwi makes use of a 3D secure framework when verifying a customer’s identity online, preventing card theft and fraud.

 

What costs are associated with Qiwi Wallet?

It is free for clients to open an account and top up their Qiwi Wallet  However, there may be fees associated with payment transfers .

 

Does Qiwi Wallet work in the USA?

Some brokers in the US may offer Qiwi as a payment method. However, it is not possible for a U.S investor to open a Qiwi account if they are from the U.S

 

 

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Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

May 27, 2021

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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