LiteForex Forex Broker

LiteForex is one of the leading MetaTrader 4 Forex brokers that accept e-currencies (such as WebMoney) as the payment method. Accounts can be started with the minimum of $1, which combined with flexibility of MetaTrader platform makes LiteForex an ultimate choice for the traders that want to test their automated trading strategies on real account, but without risk of losing too much money. CFD trading is also available, so Forex traders can diversify some of their portfolio into stocks traded on NYSE.
Start trading with $1.
Commission free trading.
Leverage from 1:100 to 1:200.
Receive monthly interest on your balance.
Competitive fixed bid/ask spreads.
Really fast order execution.
Account deposits via wire transfer, WebMoney, e-Bullion, Liberty Reserve and AlertPay.
Many different account types available.
33 currency pairs, 8 currency indexes, 32 CFDs and 2 metals to trade.
One of the best trading platforms - MetaTrader 4.
Reliable dedicated trading servers.
24 hours a day, 5 days a week trading support.
Partnership opportunities for serious clients.

It is easy to start trading with LiteForex - all you have to do is just register at their website, download their MetaTrader 4 client software, deposit money via one of the available methods (takes no more than an hour) and start trading!

FXOpen Forex Broker

FXOpen is one of the major Forex trading service providers for the Islamic traders, but it doesn't limit itself to Muslim traders only. Anyone can benefit their "no overnight interest" system which is rare for MetaTrader 4 platform broker. They also offer trading courses which might be useful to the beginning traders. Regular contests and deposit bonuses with e-gold and WebMoney payment options make FXOpen a reasonable player on the Forex brokers market.
Spreads — as low as 2 pips on EUR/USD.
Minimum deposit for micro account — only $1.
Minimum deposit for standard account — only $25.
Instant order executions and quote handling.
Margin leverage from 1:1 up to 1:500.
Free unlimited demo accounts available.
Regular technical research and market news available.
Experienced and helpful support.
100$ bonus on new standard accounts.
Trading contests.
Trading courses for new traders.
MetaTrader 4 platform.
Muslim friendly trading system.
Serious company for serious traders.
ECN (Electronic Communication Network) execution available through MetaTrader.
Liberty Reserve and WebMoney billing options.

To open account with FXOpen — complete a registration process on their site and download a free MetaTrader 4 trading platform. Then you will be able to deposit money into your trading account and enjoy your Forex trading process.

You can also read an interview with the manager from the FXOpen about their company strategy and plans: Interview with FXOpen.

Liberty Reserve

Liberty Reserve is an e-currency account-based system operated by Liberty Reserve S.A. (based in Costa Rica). It allows fast, reliable and secure transactions between the members of the system. The customers can buy and sell Liberty Reserve e-currency via authorized dealers and various exchange services.

One of the disctinctive features of Liberty Reserve that gives the system an advantage against other similar e-currencies is the privacy option. Each selected transaction within the system can optionally be made private by the account holder. Another interesting feature is the wallet-based spending, which allows creation of separate wallets apart from the main account to hold small amounts of money. These wallets have separate security details to ensure better protection of the main balance.

Since the late 2006 Liberty Reserve became one of the most popular payment methods among the Forex traders from many Asian, South American and African countries, because it doesn't require credit card or bank account verification and is not strictly regulated by the authorities. Many trader-friendly Forex brokers list Liberty Reserve as one of the deposit/withdrawal option. Here is a short list of recommended Forex brokers that support Liberty Reserve:
InstaForex
FXOpen
Forex4you
MasterForex

You can also open account with Liberty Reserve for free.

Moneybookers

Moneybookers is a British electronic payment, storage and money transfer system that is operated by Moneybookers Ltd., which is owned by Investcorp Technology Partners. Moneybookers was founded in 2001 and by its functionality is a competitor of other popular payment system PayPal. Like PayPal, Moneybookers doesn't offer any electronic currency, but the account balance can be uploaded and is measured in the common currency units.

Moneybookers requires mandatory account owner verification, which can be done via confirming the credit card, the bank account or the physical address. All three methods can be used together to increase the transfer limits that are active for all customers.

Moneybookers charges fees for sending the funds, which is usually quite convenient for the sellers and providers of the various paid on-line services.

Moneybookers is less popular in the world than PayPal or WebMoney, but is a convenient electronic payment system to use with the Forex brokers. It's a secure payment system that isn't anonymous and complies with the British anti-fraud laws. Unlike PayPal, Moneybookers is fully available to the residents of almost all countries in the world, making it potentially more widespread system.

Here is the short list of the Forex brokers that accept Moneybookers:
eToro
InstaForex
AvaFX
LiteForex

FREE Forex Trading System!

PayPal

PayPal is an electronic payment, storage and money transfer method that is operated by PayPal Inc., which is owned by eBay Inc. Founded in 2000 PayPal was one of the first and currently is one of the most popular on-line services for money transferring. Although there is account balance associated with each PayPal account, PayPal doesn't employ virtual currency units (unlike e-gold and WebMoney), remaining a pure payment system.

PayPal accounts are anonymous and are based on the customer's e-mail address. But the credit card is required to add the funds into the balance or send payments to other customers.

PayPal charges fees for receiving funds and for withdrawing funds from the account balance to the bank accounts outside U.S. The sender of the funds doesn't pay any fees if transfer occurs only inside the payment system.

PayPal is a convenient electronic payment system to use with the Forex brokers. Because all payments are instant, you can use your credit card without exposing it to anyone except PayPal and there are enough various brokers that accept PayPal for funding purposes. Unfortunately, PayPal doesn't allow residents of certain countries (the majority of the countries) to accept PayPal payments, making it useless to the Forex traders from such countries.

Here is the short list of the Forex brokers that accept PayPal:
eToro
AvaFX
InstaForex
Easy-Forex

WebMoney

WebMoney is an electronic currency system operated by WM Transfer Ltd. There are several e-currencies circulating in this system, with the most popular being - WMZ (equals to $1 U.S.), WME (equals 1 euro) and WMR (equals 1 Russian ruble).

WebMoney utilizes several methods for their customers to access system accounts - WebMoney Keeper Classic (the most secure and fully functional access with highly sophisticated software), WebMoney Keeper Lite (less secure, but still protected access - via Internet browser). Other methods are available but are rarely used. WebMoney can boast more than 100 million dollars daily turnaround funds and millions customers around the world. Though, WebMoney started as a Russian payment system, it is now became an internationally popular e-currency system with a large number of representatives in all over the world and the developed deposit/withdrawal system.

WebMoney is a highly secure on-line payment system, offering security through the special protected key-files - even if your password is hacked your funds are still secure. While generic WebMoney accounts are anonymous, money withdrawal transaction involve personal identification. These ways make WebMoney far more secure than e-gold, PayPal or any other on-line payment system.

WebMoney is a good alternative for those Forex traders which search for fast, secure and easy-to-use method to fund their accounts without the troublesome worries with credit cards or bank wires. Many Forex brokers support WebMoney as the deposit/withdrawal option. Here is a short list of recommended Forex brokers supporting WebMoney.
FXOpen
InstaForex
eToro
FXCast
Marketiva