Perfect Money UK – How to Open an Account and Deposit Guide

When you are looking for a good online forex broker, there are many different aspects that you need to consider. The payment methods that are on offer can often be one of the deal breakers for a lot of people, which is why it is important to consider this before signing up for an account with a given platform.

This guide looks at using Perfect Money as a payment method for your forex broker account, walking you through the process of setting up your Perfect Money account, funding it and using it to conduct transactions with your chosen forex broker. 

Why Use Perfect Money UK?

Perfect Money has been operating in the UK market since 2007 and it has constantly been expanding what it can offer to its users. Let’s take a look at the advantages of using Perfect Money when funding a forex broker account.

Functionality

The process of starting an account with Perfect Money, getting verified and depositing into your account only takes a matter of minutes. Using it to send or receive money couldn’t be easier, so you are saving a lot of time and energy by using this type of offering.

The platform is well-designed and there is a mobile app for iOS and Android users if you need to use Perfect Money in the UK on the go. You can set up regularly scheduled payments if you need to and Perfect Money has a relationship with many leading third-party merchants.

Security

Perfect Money is a way for you to safely store your funds in an online environment. A specialist team of security experts has developed the security framework for the platform to ensure that sensitive data and customer funds are always kept safe and sound.

When using Perfect Money to fund an online forex broker account, you will not have to share your sensitive data with this broker, so Perfect Money acts as an extra shield of protection. There is a comprehensive security toolbox at Perfect Money that includes the likes of identity checks, SMS authentication and CodeCard protection.

Step 1: Open a Perfect Money UK Account

If you like the look of Perfect Money as a payment method, then you can register for your own account and get started using it as a payment method in no time. You can sign up for an account on a desktop computer or download the dedicated Perfect Money mobile app for iOs and Android devices. Whatever the case may be, visit the site and select the ‘Sign Up’ option.

Choose a name for your account and enter your personal and contact info in the relevant fields. You will choose between a personal and a business account before setting your password. Finally, you will need to agree to the Perfect Money terms and conditions to finalize this account creation process. There will be an email sent to you containing your new Member ID that allows you to log into your Perfect Money UK account.

Step 2: Fund Your Perfect Money UK Account

Now that your Perfect Money account is up and running, you will be ready to deposit some funds into it to use at an online forex broker. Login to your new account using your member ID and password.

Select the ‘Deposit’ option on the main menu and you will then see your different funding options. Choose the option that you prefer, enter how much you wish to deposit and in what currency, and you will then be good to go. These funds should appear in your account at Perfect Money within seconds.

Step 3: Select Your Perfect Money UK Forex Broker

There are many great online UK forex broker out there today, so you can end up spending a lot of time trying to find the best one for your needs. To help you out, we’ve done the hard work for you, handpicking the best forex brokers that accept Perfect Money and tick all the boxes for traders.

Step 4: Fund your Forex Account

Once you have chosen which online forex broker you want to use and signed up, you can begin adding funds to your account. It’s a similar process at most forex brokers, but we’ve decided to show you to use Perfect Money on AvaTrade.

Open Account

To sign up for an AvaTrade account, you will need to go to the broker’s website and select ‘Open an Account’. You will then need to enter your email, full name and mobile phone number and then agree with the terms and conditions of the platform.

Verify Your Account

You will then need to choose your account type and add additional contact info. After doing so, your new account will be created. To verify this account, you will need to enter the code that has been emailed to you. You will also need to provide proof of ID and proof of address.

Add Funds

To add funds to your account, click the ‘Banking’ menu option. You then need to select Perfect Money as your preferred deposit method. You will then be taken to the Perfect Money interface where you can add your relevant payment details.

Step 5: How to Withdraw Your Funds to Perfect Money UK

If you have managed to make some profit through your trading on AvaTrade, you may want to withdraw funds to your Perfect Money account.

Simply go to the ‘Banking’ page and select what withdrawal method you want to use and how much you wish to withdraw. Simply enter your Perfect Money details and confirm the transaction. It can take a couple of days sometimes for these funds to hit your Perfect Money account.

Step 6: How to Withdraw From Perfect Money UK to Your Bank

If you are looking to remove funds from your Perfect Money account to your bank account, this process is very simple and easy to do. On your Perfect Money UK account, select the ‘Withdraw’ menu option. Select the bank wire option. Then select how much you want to withdraw and enter your bank account details. Once the withdrawal has been confirmed, it can take a few business days before these funds hit your bank account.

Perfect Money UK Fees and Other Expenses

There are a few fees to consider when using Perfect Money. There is no cost usually for making a deposit, with currency conversion rates set at the current market rate. For internal transfers, there is a 0.5% transaction charge for verified accounts and a 1.99% fee for unverified accounts. There is a withdrawal fee of 2.85% plus a bank fee for making a wire transfer withdrawal.

Conclusion

As you have seen, Perfect Money is a very useful way to add and withdraw funds from an online forex broker account. It is cost-effective and a great way to safely and securely make digital payments without having any worries.

If you think Perfect Money is the payment method for you, we think AvaTrade is the best broker that accepts it. Simply click the link below to register an account with AvaTrade today.

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