Perfect Money Binary Options Brokers

Binary options traders looking for a quick and easy-to-use method for depositing and withdrawing funds with their broker often turned to Perfect Money, an online payment service that allowed users to create digital wallets. Perfect Money provided traders with accounts in different currencies, along with other features including low-cost deposits and a mobile app.

However, Perfect Money may no longer be supported in many regions. A short note appeared on its website: “The payment system that began in 2007 ended in 2025.” We are keeping this page live because a number of binary brokers still advertise as accepting Perfect Money, but this may only be for certain countries or may be outdated information – we are contacting them.

Below is a list of the best binary options brokers that say they still accept Perfect Money deposits. But confirm the deposit method is still inside your broker’s cashier portal before sending funds.

How Did Perfect Money Work?

Perfect Money was established in 2007 and was registered in Comoros. The company aimed to provide a convenient and low-cost gateway for making online payments, but it is no PayPal or Western Union clone, and it also had significant differences to competitors like WebMoney, Skrill and Payeer.

At the basic level, Perfect Money was a service that allows traders to open an e-wallet for US dollar, euro, bitcoins and gold accounts and used these to make deposits, withdrawals and other financial transactions.

Registration was quick and easy, as users only needed to input their personal details to open an account and start performing financial operations.

However, you would need to complete a verification process to access the full range of Perfect Money’s features, as unverified accounts had certain limits and were unable to perform some basic functions such as using bank transfers. Verification required account holders to provide a scan of valid identification, address and answer a phone call after they signed up.

Deposits could be made through bank wire transfers via certified exchange partners.

One selling point of Perfect Money was that it allowed traders to accept payment to their e-wallet without needing to have a bank account. It also allowed you to make payments without involving a bank by using e-vouchers.

Additionally, Perfect Money let you send money anywhere in the world for a service fee when making an internal currency transfer, though there may have been an additional implicit charge depending on the exchange rate of the day.

An account owner with an iOS or Android phone could perform all these functions if they downloaded Perfect Money’s app, and they wouldn’t need to sign into the website each time.

Perfect Money also offered users the ability to borrow and lend USD and EUR via the Credit Exchange, with fees that depended on verification status.

It is worth noting that Perfect Money was available in a wide number of countries, but did not accept registrations of customers from the United States due to regulations.

All-in-all, Perfect Money was a relatively popular payment service for trading binaries. Its advantages made it popular among aspiring traders and binary options brokers.

Deposit & Withdrawal Times

One of Perfect Money’s main selling points was its ease of use, particularly when it comes to making quick trading deposits and withdrawals.

While bank transfers could take several working days, Perfect Money’s internal transfers were almost instantaneous, and like with other e-wallets, this was usually the case when you used the service to deposit with a binary options broker.

With that said, individual trading brokers had their own rules on withdrawals, so you had to check out the terms and conditions to see whether there was a minimum withdrawal and how long it would take to receive your profits.

Pricing Review

Perfect Money advertised as having low fees, but there were various charges for using its services, and anyone trading binary options would need to take these into account when they add up their net profit or loss.

Bank-wire funding was processed via certified exchange partners, but Perfect Money’s published fee info was mixed. You had to expect possible bank and partner charges and confirm inside your account before sending.

The Perfect Money website also said EUR/USD and USD/EUR conversions were charged at the market rate, but if you need local currency, you’d typically rely on exchange partners whose rates and fees vary.

Perfect Money also charged an internal transfer fee for verified and premium customers, which went up for unverified customers, and charged the same rate when users buy e-vouchers. On top of this, wire transfer withdrawals could cost from 0% plus a bank fee, with partner/bank fees possibly applying.

Perfect Money charged a percentage plus a fixed fee for fast Bitcoin withdrawals. But again, conflicting information across its website and third-party sites was concerning.

Fortunately, some of the best Perfect Money binary brokers absorbed the third-party charge to facilitate low-cost deposits for their traders. Withdrawals, on the other hand, came with a charge on some trading platforms.

Security

Perfect Money had been around for a long time. Of course, internet users and binary options traders must always be on the guard for phishing and other scams through which criminals gain access to their personal information.

But Perfect Money did helps protect its users through various optional security settings, including Identity Check, with an email safety code on unfamiliar IP, SMS authentication, CodeCard.

Traders may also be concerned about the security of money they stake through Perfect Money’s peer-to-peer loan system. The service allowed users to vet loan recipients by checking the rating they received over historic loans. If a user did not repay their loan, Perfect Money would lock their account and in some cases use their balance to repay the lender.

Regulation

Perfect Money operated via offshore corporate structures and did not hold licences from major financial regulators such as the UK Financial Conduct Authority (FCA) or European Union e‑money supervisors. Instead, it mainly functioned under less stringent offshore rules and used optional KYC in some cases.

Importantly, any regulation does not automatically mean that any binary options broker you fund with it is authorized in your country.

Perfect Money and related entities have been associated with authorisations in the Autonomous Island of Anjouan (Union of Comoros), sometimes described in marketing as a “licensed payment service provider” (registration number 15559).

However, there was limited public, regulator‑maintained records for a detailed payment‑institution licence comparable to mainstream jurisdictions from our research.

Also, the Hong Kong Monetary Authority (HKMA) issued a public website alert stating that Perfect Money has no authorization under the Banking Ordinance to carry on banking business or take deposits and has no approval to establish a local representative office.

Pros Of Using Perfect Money For Binaries

• Used to be accepted by multiple top binary options trading platforms
• Features such as auto-payments and real-time statements
• Accepts bitcoin and gold as well as euros and dollars
• Users can earn interest on the funds in their account
• Quick and easy payments anywhere in the world
• Cheap internal transfers
• 24/7 customer support

Cons Of Using Perfect Money For Binaries

• Some of the fees could be steep, particularly if you need to make a wire deposit and send money in a foreign currency
• PM only accepted deposits in two fiat currencies
• Not available to traders in the United States
• Withdrawals via wire transfer are costly

How To Make Perfect Money Trading Deposits & Withdrawals To Binary Accounts

Different binary options brokers would have their own terms, conditions and procedures for making payments using your Perfect Money account, but while things like minimum deposit and withdrawal limits may vary, most of the time making a transfer would follow the same basic steps:

1. Log in to your binary options trading account
2. Go to the “cashier” or equivalent page
3. Enter the amount you would like to deposit
4. Select Perfect Money as your payment method (look for the red logo)
5. Enter your Perfect Money account number and credentials
6. Review your payment details
7. Click “confirm” or equivalent

With most binary options brokers, this procedure would create a near-instant deposit to your account, allowing you to start trading immediately.

When it comes to withdrawals, the procedure could vary a little more. Online brokers often ask users to go through an additional check, such as via their email or mobile phone, to verify that they are making the withdrawal. Some binary options brokers also require that users make a withdrawal using the same method that they deposited funds.

Note, the time it will take the withdrawal to reach your account can vary from broker to broker, though a withdrawal period of several working days was common.

Bottom Line

Perfect Money was an established payment system and was widely supported by online binary brokers. PM’s app made it simple to deposit dollars, euros, bitcoin and gold into an e-wallet, and this provided traders with a payment gateway that was quick and convenient.

While the price of transactions could sometimes be steep, and binary traders would need to take this into account while calculating their profits, the platform did allow you to recoup some of your expenses by loaning extra funds to other users and earning interest.

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