{"id":8844,"date":"2020-10-30T10:02:44","date_gmt":"2020-10-30T07:02:44","guid":{"rendered":"http:\/\/thetraderinyou.com\/test\/?p=8844"},"modified":"2021-08-26T08:43:25","modified_gmt":"2021-08-26T05:43:25","slug":"forex-brokers-that-accept-mobile-money","status":"publish","type":"post","link":"https:\/\/thetraderinyou.com\/test\/forex-brokers-that-accept-mobile-money\/","title":{"rendered":"Forex brokers that accept mobile money and mpesa (2024)"},"content":{"rendered":"\n

If you want mobile money\u2019s convenience and instancy, then here are the forex brokers that accept mobile money.<\/p>\n\n\n\n

Trading is stressful and risky enough; when you make the profits, you want a convenient way to withdraw your forex trading profits.<\/p>\n\n\n\n

The solution, mobile money: a convenient service by telecoms and Finetechs driving financial inclusion in remote places beyond the reach of mainstream banking.<\/p>\n\n\n\n

In this article are forex brokers<\/a> that accept all the major mobile money services like MTN <\/a>Mobile Money, Airtel <\/a>Money, MPesa forex brokers, and EcoCash forex brokers.<\/p>\n\n\n\n

Let\u2019s dive in.<\/p>\n\n\n\n

First.<\/p>\n\n\n\n

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What is mobile money<\/strong>?<\/h2>\n\n\n\n
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Mobile money is an electronic financial service using mobile devices to send and receive money.<\/p>\n\n\n\n

It is widely popular in many African and Asian countries with a low penetration of VISA and other online payment services.<\/p>\n\n\n\n

Thanks to telecom companies, you can deposit to and withdraw money with forex brokers that accept mobile money and forex brokers using mpesa.<\/p>\n\n\n\n

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\"Forex<\/figure>\n\n\n\n
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Mobile Money Providers For Funding A Forex Trading Account<\/strong><\/h2>\n\n\n\n
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Forex Brokers that accept MTN Mobile money<\/strong><\/h3>\n\n\n\n
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MTN\u2019s Mobile money is arguably the most used mobile money service in Africa.<\/p>\n\n\n\n

So if you want forex brokers that accept MTN MOMO in Uganda, Nigeria, Ghana, Guinea Bissau, Benin, Ivory Coast, Cameroon, Rwanda, and South Africa, try Exness<\/a>, XM<\/a>, Hotforex<\/a>, and Forextime (FXTM)<\/a>.<\/p>\n\n\n\n

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Forex Brokers that accept Airtel Money.<\/strong><\/h3>\n\n\n\n
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Airtel provides a tremendous mobile money service for forex traders.<\/p>\n\n\n\n

Exness<\/a>, XM<\/a>, Hotforex<\/a>, and Forextime (FXTM<\/a>) are the forex brokers that accept Airtel Money from traders who live in any of these countries: Uganda, Kenya, Burkina Faso, Democratic Republic of Congo (DRC), Congo Brazzaville, Gabon, Ghana, Nigeria, Malawi, Chad, Niger, Rwanda, Seychelles, Sierra Leone, Tanzania, Zambia, Madagascar, Bangladesh, India, and Sri Lanka.<\/p>\n\n\n\n

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Forex brokers using MPesa<\/strong><\/h3>\n\n\n\n
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The attraction of mpesa forex brokers is it enables locals use M-Pesa – a popular mobile money payment service in Kenya and Tanzania.<\/p>\n\n\n\n

Exness, XM, Tickmill<\/a>, and Forextime (FXTM) are the best forex brokers that accept mpesa by Safaricom in Kenya and Vodacom in Tanzania<\/p>\n\n\n\n

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Forex brokers that accept EcoCash<\/strong><\/h3>\n\n\n\n
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If you are a trader in Zimbabwe, you are not left out; Exness and XM are some of the forex brokers that accept EcoCash.<\/p>\n\n\n\n

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Quick Review of Forex brokers that accept mobile money and mpesa<\/strong><\/h2>\n\n\n\n
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Exness<\/a> <\/h3>\n\n\n\n
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Exness is the best forex broker that accepts mobile money and mpesa. Withdrawals are instant 24\/7.<\/p>\n\n\n\n

Exness\u2019 mobile money deposit and withdraw limit is $985<\/p>\n\n\n\n

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\"Exness<\/a>

Open an Account<\/a><\/td>		Quick info<\/strong>
Founded:<\/strong> 2008
Regulator:<\/strong> FSA, Seychelles
Minimum deposit:<\/strong> $1
Leverage:<\/strong> Up to 1:2000
Average spread:<\/strong> 0 (Zero and Raw spread) 0.3 – Standard
Platforms:<\/strong> MT4, MT5, Web, Mobile   <\/td><\/tr>
\n  \n <\/td>Why trade forex with Exness. <\/strong>
– Super tight spreads
– Instant automated Withdrawals and deposits 24\/7
– Multiple withdraw and deposit methods
– Negative balance protection
– Regulated broker
– Mpesa and Mobile money broker \u00a0
– Funding in local currency <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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XM<\/a><\/h3>\n\n\n\n
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When you withdraw from XM, expect the money to land on your mobile wallet within 30 minutes to 2 hours. Once in a while, withdrawals may take 24 hours.<\/p>\n\n\n\n

XM\u2019s mobile money deposit and withdrawal limit is $130<\/p>\n\n\n\n

You can not withdraw profits to Mobile Money. (You can only withdraw your deposit to mobile money, use alternative methods to withdraw profits)<\/p>\n\n\n\n

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\"XM<\/a>

Open an account<\/a> <\/td>		Quick info<\/strong>
Founded<\/strong>: 2009
Regulator<\/strong>: CySEC Cyprus, IFSC, FCA United Kingdom, ASIC Australia, DFSA Dubai
Base currency:<\/strong> USD, EUR, GBP, JPY, CHF,\u200e AUD, HUF, PLN, RUB, SGD, ZAR
Minimum deposit<\/strong>: $5 on Standard and Micro and  $50 on XM Ultra-Low Account
Leverage<\/strong>: Up to 1:888
Average spread<\/strong>s: 1 pip (Standard and Micro) 0.6 \u2013 on XM Ultra-Low Account Platforms:<\/strong> MT4, MT5, Web, Mobile     <\/td><\/tr>
\n  \n <\/td>Why trade forex with XM. <\/strong>
– Multiple withdraw and deposit methods
– Supports mobile money funding
– Negative balance protection
– Regulated in many countries \u00a0 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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HotForex<\/a><\/h3>\n\n\n\n
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With Hotforex, you can use mobile money to deposit and withdraw up to $1,000<\/p>\n\n\n\n

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\"HotForex-<\/a>

Open an Account.<\/a> <\/td>		Quick info<\/strong>
Founded<\/strong>: 2010
Regulator<\/strong>: FCA United Kingdom, FSA Seychelles, DFSA Dubai, FSCA South Africa
Account currency:<\/strong> USD, EUR, GBP
Minimum deposit<\/strong>: $5
Leverage<\/strong>: Up to 1:1000
Average spreads:<\/strong> EURUSD – 1 pip, GBPUSD
Commissions:<\/strong> $7 per lot round-turn on the Zero Spread account.
Platforms:<\/strong> MT4, Web, Mobile   <\/td><\/tr>
\n  \n <\/td>Why trade forex with HotForex. <\/strong>
– Up to 100% trading bonus on deposits on some accounts
– Multiple withdrawal and deposit methods
– Tight spreads on the Zero spread account
– Regulated in many countries
– Negative balance protection<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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FXTM<\/a> – ForexTime<\/h3>\n\n\n\n
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Forextime – FXTM accepts funding a forex trading account with mobile money wallets.  <\/p>\n\n\n\n

FXTM\u2019s mobile money withdraw and deposit limit is $1,500<\/p>\n\n\n\n

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\"fxtm<\/a>

Open an Account<\/a><\/td>		Quick info<\/strong>
Founded:<\/strong> 2011
Regulator:<\/strong> CySEC – Cyprus, FSCA – South Africa, FCA – UK.
Minimum deposit:<\/strong> $10 – Cent. $100 Standard. $500 ECN
Leverage:<\/strong> Up to 1:2000
Average spread:<\/strong> 0 -1.5 ECN. From 1.3 – Standard
Platforms:<\/strong> MT4, MT5, Web, Mobile   <\/td><\/tr>
\n  \n <\/td>Why trade forex with ForexTime<\/a>. <\/strong>
– Super tight spreads
– Multiple withdraw and deposit methods
– Easy to open verify an account
– Regulated broker \u00a0
– Accepts Mobile Money <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Advantages of trading with a broker that accepts mobile money.<\/strong><\/h2>\n\n\n\n
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