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

In this guide, you learn how to use Perfect Money in the UK to fund an online forex broker account.
Author: Andrew O'Malley

Last Updated: March 17, 2021

Please note that we are not authorized to provide any investment advice. The information on this page should be construed for information purposes only. We may earn commissions from the products mentioned on this site.

Perfect Money UK
Perfect Money UK

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. 

Table of Contents

Contents [show]

    AvaTrade - Best Perfect Money Trading Platform in the UK

    Our Rating

    AvaTrade logo
    • Impressive Selection of Tradable Assets
    • Competitive CFD Trading Fees
    • Supports MT4 & MT5
    AvaTrade logo

    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.


    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.


    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.

    Want to learn more about other payment methods? Check out our guides to PayPal and Neteller in the UK

    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.

    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.

    Perfect Money deposit

    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.

    1. AvaTrade - MT4 and MT5 Compatability

    AvaTrade was founded in 2006 and is one of the leading destinations for new and experienced traders alike. It is regulated by many leading bodies across the world, giving clients peace of mind that their funds and data will be kept safe and sound when using AvaTrade.

    There is a very good range of different financial assets that can be traded at AvaTrade. You have more than 55 different currency pairs, over 600 stock CFDs, indices, commodity, ETFs and bond CFDs as well as more than 17 different cryptocurrencies to trade. There are also two different options for social trading on AvaTrade that allow you to copy the trades that others on the platform are making.

    The forex trading fees on AvaTrade are a slight bit higher than what you will usually find. There is also a quarterly inactivity fee that kicks in after three months of no trading that needs to be considered.

    It supports both the MetaTrader 4 and MetaTrader 5 trading platforms, which offer a range of advanced tools. There is also a proprietary web based platform and AvaOptions for trading forex options. You are well supported in terms of charting and research as a whole, with the trading experience being very user friendly. The education side of things is also decent.

    Our Rating

    • Impressive selection of assets
    • MT4 and MT5
    • Well-known, regulated platform
    • Forex trading fees are higher than some other platforms

    2. RoboForex - Wide Range of Assets

    RoboForex was started back in 2009 and it has developed a very impressive offering in the intervening years. It has one of the most comprehensive trading instrument offerings around. You can choose from eight different asset classes, with almost 10,000 different assets to trade.

    It has more than one million customers signed up for an account, so it’s a popular and trusted platform.. There is very strict regulation at RoboForex, with the platform taking the security of its clients very seriously.

    You can get started with a RoboForex account with a deposit of as little as £10. There are floating spreads and leverage is available at varying levels depending on how much you are going to be trading with and what instruments you’re trading.

    There is a good selection of different account types, which you can choose from depending on your specific needs. You also have a choice of a few different trading platforms. There industry-standard MetaTrader 4 and MetaTrader 5 are options, as well as cTrader and rTrader. You can download apps for your mobile device also if you want to place trades on the go.

    Our Rating

    • Massive selection of assets to trade
    • Wide variety of different trading platforms
    • Low minimum deposit
    • Only two free withdrawals per month

    3. XM.com - Over 57 Forex Pairs

    XM.com is a global forex and CFD broker that was established back in 2009. XM.com is regulated in Europe by the Cyprus Securities Exchange and Commission (CySEC), and it is also is regulated in other regions across the world, so you know that you are going to be using a reputable platform.

    You will find more currency pairs here than a lot of competitors, with 57 different options available for you to trade. There are also commodity, stock and indices CFDs that you can trade.  There are also five different cryptocurrencies that you are able to trade.

    The XM.com CFD trading fees are pretty low and the forex commissions are about average for the sector. There are discounts available for those who are trading large sums. In terms of trading platforms, there are no proprietary options on offer as of yet.

    You can use MetaTrader 4 and MetaTrader 5 to conduct your trading. The research and education offering is decent and there is fast customer support on offer, so XM.com is a great option for new traders and experienced ones alike.

    Our Rating

    • Great selection of forex currency pairs
    • Competitive trading fees
    • MT4 and MT5
    • CFD offering is smaller than other brokers

    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.

    RoboForex deposit

    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.

    RoboForex withdrawal

    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 withdrawal

    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.


    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.

    AvaTrade - Best Perfect Money Trading Platform in the UK

    Our Rating

    AvaTrade logo
    • Impressive Selection of Tradable Assets
    • Competitive CFD Trading Fees
    • Supports MT4 & MT5
    AvaTrade logo


    Is there an annual service fee for using Perfect Money?

    No, there is currently no annual service fee in place for using Perfect Money.

    Can you get SMS notifications for Perfect Money transactions?

    There is an option to receive SMS notifications, with each message costing you £0.10.

    Is there an account restoration fee?

    If your Perfect Money account has been inactive for a certain amount of time, your account with deactivate and there will be a £100 restoration fee.

    What are the supported currencies on Perfect Money?

    There are four main currency accounts available on Perfect Money. These are USD, EUR, GOLD and Bitcoin.

    All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

    Andrew has been writing about the gambling industry for more than five years, covering everything from sports betting to casinos and poker. With the sector constantly evolving, he loves nothing better than staying up to date with the latest movers and shakers in the space.