Compare Forex brokers and trading sites that accept MoneyGram for deposits.
LiteForex (LiteForex.com) is the only broker on our panel to support deposits from MoneyGram, the international money transfer company.
LiteForex is an international broker headquartered in the Marshall Islands. It allows you to trade 55 currency pairs as well as CFDs on stocks, stock indices, energy products and precious metals. It supports both the MetaTrader 4 and 5 trading platforms. Please see our LiteForex review for more information, including a comparison of its accounts and latest offers.
LiteForex (LiteForex.com) charges no fees on amounts deposited through MoneyGram. Although MoneyGram levies an 8.5% transaction fee, LiteForex will reimburse those fees in their entirety immediately after your payment is processed. The minimum deposit for topping up your LiteForex account is just US$ 1.
Importantly, amounts deposited to your LiteForex account through MoneyGram may only be withdrawn to Skrill or a bank account. To abide by anti-money laundering regulations, the recipient of the funds can only be the account holder (regardless of the withdrawal method).
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Trading foreign exchange, contracts for differences or spread bets on margin carries a high level of risk and may not be suitable for all investors. You could sustain a loss of some or all of your funds if the markets move against you. For this reason, you should not invest more than you could afford to lose. ForexBrokersAZ.com does not accept deposits, advise on investments, deal in investments (as agent or principal) or arrange deals in investments. Information published on this website and in our external communications is factual and for information purposes only. It does not constitute financial advice under the Financial Services and Markets Act 2000. ForexBrokersAZ.com is owned by Hades Capital Limited, a company registered in England under number 08176698.
