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Yandex Money is an online payment system based in Russia. Using the service is much like any other e-wallet such as PayPal, except Yandex Money also offers virtual credit cards (VCC), prepaid cards, and plastic Mastercards, as well as additional login rewards and services.

If you want to know more about trading with Yandex Money from the UK or beyond, we review the verification and identification setup, fees and processing times, as well as how safe it is to make a payment. We also list the best brokers that accept Yandex Money deposits in

Best Yandex Money Brokers in Armenia

Looking for the perfect match among our reviewed brokers?

Our tests have uncovered the following 4 top brokers offering Yandex Money:

Yandex Money Brokers Comparison

Broker	Minimum Deposit	Instruments	Platforms	Leverage	Visit
	$5	Forex, Stocks, Cryptos	Own	-	Visit
	$5	CFDs, Forex, Stocks, Cryptos	MT5		Visit
	$10	CFD, Forex, Crypto, Stocks, Digital Options	Own		Visit
	$10	Fixed Time Trades	Own	-	Visit

#1 - Binarium

Why We Chose Binarium

Binarium is an established international broker offering binary options trading on diverse markets including stocks, indices, forex, commodities and cryptocurrencies. Traders can start trading with as little as $1 and earn payouts up to 80% of their stake.

"Binarium is a good binary options broker for traders looking for an experienced brand with low deposit requirements and a welcome bonus."

- DayTrading Review Team

• Instruments: Forex, Stocks, Cryptos
• Platforms: Own
• Min. Deposit: $5
• Min. Trade: $1

Pros

• Demo account with virtual funds
• Community forum platform
• Segregated client funds

Cons

• Lower payouts than other binary options brokers
• Limited information on broker’s website
• No industry established trading terminals

Visit Binarium

#2 - eunic-brussels.eu

Why We Chose eunic-brussels.eu

eunic-brussels.eu are the established pioneers of binary options. They are a well-known broker offering + derivative products across a range of popular markets. With over million users worldwide, the broker offers options multipliers and CFDs on two powerful trading platforms.

"eunic-brussels.eu (now Deriv) is a great pick for beginners and advanced traders interested in short-term trading with multipliers and leveraged CFDs. The broker is also a leader in synthetic indices which simulate real market movements and are available around the clock."

- DayTrading Review Team

• Instruments: CFDs, Forex, Stocks, Cryptos
• Regulator: MGA, SC
• Platforms: MT5
• Min. Deposit: $5
• Min. Trade: $1
• Leverage:

Pros

• Strong global reputation with decades of experience in the trading industry
• Sign up for a CFD or Multiplier account in minutes
• Responsive 24/7 customer support via live chat, telephone, email or WhatsApp

Cons

• Limited regulatory oversight
• DTrader platform only available via web browser
• Narrow range of instruments vs other brokers

Visit eunic-brussels.eu

#3 - IQ Option

Why We Chose IQ Option

IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $

"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps."

- DayTrading Review Team

• Instruments: CFD, Forex, Crypto, Stocks, Digital Options
• Platforms: Own
• Min. Deposit: $10
• Min. Trade: Lots
• Leverage:

Pros

• Reliable 24/7 multilingual support
• Access to IQ Option community
• High payouts on binary options

Cons

• €10 inactivity fee after 90 days
• No MetaTrader 4 integration

Visit IQ Option

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

#4 - Olymp Trade

Why We Chose Olymp Trade

Olymp Trade was established in and now boasts over 25k active traders each day. With a presence in over countries and support in 13 languages, the brand offers a stable platform, competitive spreads and attractive rewards for new traders. Olymp Trade also offers fixed time trades over a huge range of markets.

"Olymp Trade is a good option for beginners looking for access to popular financial markets, 24/7 support, and a user-friendly trading platform."

- DayTrading Review Team

• Instruments: Fixed Time Trades
• Regulator: FinaCom
• Platforms: Own
• Min. Deposit: $10
• Min. Trade: $1

Pros

• 24/7 customer support via the broker's hotline, email or live chat
• Minimum deposit and withdrawals of only $10, ideal for newer traders
• Fixed time trades on popular markets

Cons

• Offshore broker with weak regulatory oversight
• Limited transparency
• Only one proprietary platform available

Visit Olymp Trade

About Yandex Money

Yandex Money, also known as YooMonwy, is Russia’s most popular online payment service, with a market share of %. The company was founded in and was originally under the joint ownership of Russia’s largest bank, Sberbank, and the country’s leading search engine, Yandex.

The platform is favored by individuals as well as merchants, offering payment cards, an e-wallet and purse service, plus a number of integration solutions for business owners. The services are available through both the website and mobile app, hosting around million user accounts.  The payment provider is also popular with trading brokers and active investors owing to its reliability and speed.

Pros Of Trading With Yandex Money

Established

Yandex Money is used by millions of customers and works with big brands including Nintendo, Xbox, Steam, Apple, Uzcard, Revolut and Western Union. The service also competes with other well-known e-payment methods including WebMoney, Qiwi Wallet and WeChat Pay.

Plastic & Virtual Cards

In , Yandex Money received Mastercard principal member status and by , it had issued more than 2 million plastic cards and 19 million virtual Mastercards. Traders have the flexibility of using a Yandex Money card, or one of their own that has been previously stored in the e-wallet.

Mobile Trading

The mobile app is particularly useful for traders who want to keep track of their deposits whilst on the go. You can download it from the App Store for iOS devices and from Google Play for Android (APK) devices. Prepaid or virtual card options can also be loaded onto Apple Pay or Google Pay.

Multi-Currency Service

When purchasing abroad, the service allows users to open currency accounts in Russian Rubles (RUB), plus 10 additional currencies including US Dollar (USD), British Pounds (GBP) and Euros (EUR). The payment provider lets you keep the currency or exchange it back to Rubles once the exchange rate is favorable. Make sure to check with your broker which currencies are accepted in the online trading account.

Yandex Money to Bitcoin (BTC) is also possible if you want to pick up crypto coins with fiat currencies. You can even use your balance to donate to your supported causes in a variety of currencies.

Offers & Rewards

Customers also enjoy discounts and get cashback offers at selected retailers, as well as gift cards and promo codes. You can find details about ongoing or limited-time deals on the payment provider’s website.

Cons Of Trading With Yandex Money

Registration Process

You need to register with Yandex Money and verify your identity using a passport ID. Traders should also bear in mind that if they are registering from outside Russia, the identification process takes at least 7 working days once you have translated, notarized and mailed a copy of your passport to Russia.

E-wallet Status Structure

Once you have registered for an account, you will automatically be assigned Anonymous status. This only allows users to make payments up to 15, RUB ( GBP) and no withdrawals are allowed, which may be unsuitable for experienced traders. If so, a separate registration and identification process is required to move up to one of the other two statuses – Reviewed or Identified. With that said, the Reviewed status is only available to Russian citizens and passport holders.

The Identified status allows worldwide payments of up to , RUB (7, GBP), a withdrawal limit of , RUB (1, GBP) with a 3% commission, and multi-currency support. This registration level is available to international clients.

Limited Supported Countries

Yandex Money supports CIS states by default, including Armenia, Belarus, Georgia, Latvia, Moldova, and Ukraine. However, some merchants can request to accept customers using a foreign card, including the UK, France, Bulgaria, Malaysia, Philippines, Turkey, India, Nigeria, Mexico, and Israel. You will need to check with your broker if a Yandex Money API is supported in your jurisdiction.

Note, that foreigners in the USA and Canada cannot use the payment provider.

Commissions

Yandex Money may charge commissions for currency conversion, withdrawing funds and internal transfers, in addition to any fees charged by your broker. You can find details of these on the respective websites or by contacting customer support via email. It’s also worth bearing in mind that the top brokers and platforms waive deposit fees for new traders.

Sanctions

As a result of the war in Ukraine, Russia is facing sanctions. Although the platform itself isn’t affected, some traders may choose to delete their accounts. In June , a 6-month price chart depicts a 63% loss for Yandex shares.

The long-term prosperity and global reach of the payment provider may be seriously impacted by the conflict. As a result, traders outside of Russia may find it increasingly difficult to use the brand to make regular deposits and withdrawals to and from their trading accounts.

Speed

Yandex Money payments are immediate but processing times may vary at your broker. Deposits at ArgusFX, for example, will take 1 hour to appear in your trading account. BCS Forex, on the other hand, offers instant deposits and withdrawals. Withdrawals typically take up to five working days.

Security

Traders should feel safe when depositing their money using this service. Yandex Money uses the HTTPS protocol, which encrypts payment details and is also inspected annually according to Visa and Mastercard security standards. Yandex accounts also allow two-factor authentication (2FA), meaning users can add two forms of digital verification at the login stage.

How To Deposit Using Yandex Money

Once you have opened a Yandex account, making a deposit or withdrawal within your trading platform is easy.

After you have selected Yandex in your client area, you will be redirected to the online portal where you can select your method of payment (from a linked card, for example) and then confirm the transaction with your password.

Note that funding limits may apply and can vary from broker to broker. RoboForex, for example, has a maximum withdrawal amount of 10, USD, whereas FXOpen has no maximum limit.

Fees

It is free to sign up for an account and open a wallet with Yandex Money. Virtual cards are also free of charge but there may be some card fees for cash withdrawals or transfers. Transaction fees are usually priced at 15 RUB ( GBP) plus 3% of the transaction value and withdrawals at 3%.

Some brokers may also charge their own service fees to use Yandex Money. For example, BCS Forex charges 0% to deposit and % to withdraw.

Is Yandex Money Good For Day Trading?

Yandex Money is ideal for traders looking for a convenient e-wallet solution when making deposits online. Clients can choose a Yandex virtual card or simply load their own credit or debit cards into the wallet, providing ultimate flexibility. Traders also enjoy instant deposits and no commissions at some brokers.

However, there is a lengthy registration and identification process for traders residing outside of Russia who want to sign up. If this is a deal-breaker, there are plenty of alternative payment methods out there, including PayPal, Neteller and WebMoney.

FAQ

What Is Yandex Money?

Yandex Money is a popular Russian online payment service and e-wallet, which also issues plastic and virtual cards. The service is available through the website or mobile app. Several top trading brokers also accept Yandex deposits and withdrawals.

How Do I Use Yandex Money In My Trading Account?

To deposit or withdraw into and from your trading account, select Yandex Money in the funding section and follow the on-screen guide to log in to your wallet. Choose where to withdraw money, either from the wallet or a linked card. A password may be required to complete the transaction.

How Does Yandex Money Work With My Broker?

Yandex Money allows you to store payment cards in an online wallet or top up your account using a bank transfer. This means that payment options are centralized in one convenient place when making purchases online, eliminating the need to fill out a payment form or enter billing address details each time.

Is Yandex Money Safe To Use For Trading?

Yes, Yandex Money is relatively safe to use online. The system uses industry-standard encryption for storing your payment details as well as two-factor authentication when you log in. However, it’s also important to trade with a trusted and regulated brokerage that offers additional security measures.

What many feared earlier in the year has finally happened: following Facebook’s steps, Google has announced a complete ban on all the crypto ads that will enter into force in June

An official Google’s statement says: “Google will update the Financial services policy to restrict the advertisement of Contracts for Difference, rolling spot forex, and financial spread betting. In addition, ads for the following will no longer be allowed to serve:

• Binary options and synonymous products
• Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice).”

Along with Google, leading Russian search engine Yandex, with 54% market share, also notified its users about the immediate and complete ban of crypto offers promotion, leaving thousands of businesses without actual means of spreading the word about their products.

On Sunday, March 18, another story (still unconfirmed though) hit the newswires: Twitter is also planning to change its advertising policies in two weeks’ time in a way to completely ban cryptocurrency ads.

UPDATE: Twitter confirms the ban on Cryptocurrency ads.

Will that hurt ICOs and Forex brokers?

There have been long concerns over the legitimacy of Forex trading as many European countries are tightening their policies on financial products and conditions of their promotion.

Although most of the serious Forex businesses are the main victims of the bad reputation Forex has earned over the years due to multiple fraud firms; legit Forex brokers are the ones to suffer the consequences.

Last year, the majority of Forex brokers made a bet on crypto products, and that seemed like a smart move. Traders were growing bored with CFDs, the crypto rush was getting traction, competition among forex brokers was beyond imaginable – the stars aligned, and CySEC, ASIC, and FCA started granting licences on crypto products.

Needless to say, traders were excited with the new opportunities, and Forex business was flourishing again.

But peace did not last.

The first hit came with Facebook suddenly announcing the ban of crypto products.

And even not so popular with Forex advertisers, Twitter, is now joining the unanimous decision of Media giants.

Well, that is disappointing, but Social Media was never the primary source of traffic for Forex brokers. Simple relocation of the budget to AdWords could do the job.

Yet, last week, another announcement shook the financial world. Two of the biggest search engines Google and Yandex announced the changes in their advertising policies, making it impossible for Forex brokers to promote some of the financial products.

With the loss of one of the main traffic sources, Forex companies and ICOs will have to rethink their marketing strategy and diversify websites’ traffic sources.

What Traffic Sources to Opt for?

Organic Search Traffic – while search engines are banning crypto ads, the role of SEO is just increasing. It would never bring you the same volumes and same fast as paid advertising but, on the upside, the traffic you are getting is very relevant and delivers high-quality leads.

Referral traffic – another great traffic source that the majority of the Forex companies is already using. Go heavy on content (guest posts, yay!), try cross-promos, sponsor events, and obviously, do your best to get published on review websites. Participating in online communities, posting on forums, and commenting other users also helps.

Paid traffic – because advertisers don’t have time to wait for leads. While previous two traffic sources can be classified as long-term solutions, paid traffic can deliver almost momentary and guaranteed results.

Let’s start with search engines. Here are the biggest ones that still allow crypto ads:

• Yahoo Gemini. Quite expensive and picky in what they approve, yet the audience is older, meaning higher purchasing power.
• Bing Ads. Comparatively cheap and comparatively effective. You don’t have many options to scale up your campaigns, and the GEOs are really limited. The biggest market share Bing Ads have is in the US, but most of the European brokers do not accept US clients.

Another viable source of paid traffic for your website is using advertising networks, and if you still didn’t consider it, you are missing out on a big opportunity.

What Can Ad Networks Offer?

1. Crypto Ads are allowed

First of all, the majority of ad networks allow Crypto ads (and PropellerAds has multiple successful cases of promoting crypto offers).

2. More ad formats

Secondly, ad networks can offer some ad formats that conventional paid traffic channels don’t have access to. For example, neither Google nor Facebook have Native Ad Messaging in their arsenal. Native ad messaging, which looks like push notifications, is a new generation of ads that are delivered directly to users’ devices, and have exceptional performance benchmarks.

What can you send as a Native Ads Message to your traders?

• Daily technical analysis
• Notifications about sudden market moves
• Important announcements (for example, changes in trading conditions)
• New campaigns and competitions
• New product launches

Moreover, think about Page skins, and Popunders, which come out times cheaper comparing to a regular Forex website takeover.

3. Enormous, Facebook-size audience

And, thirdly, the audience ad networks can offer is comparable to that of Facebook. For example, PropellerAds’s monthly audience reach is more than 1 Billion users.

More importantly, with major search engines and social media leaving the crypto market, ad networks are becoming the exclusive suppliers of crypto traffic.

As well,  ad networks can offer a very diverse audience not limited only to traders, who have already chosen a specific broker and stick to it for years. With ad networks, Forex brokers can find the following categories of potential traders:

• Newbies interested in financial products
• People looking for a side income
• Folks that are into the blockchain
• The audience of loans websites

All in all, ad networks are a great alternative to conventional traffic sources and can offer almost all the opportunities Google and Facebook provide, and, as well, some additional ad formats that are unique to ad networks.

Figuring out what works best for you can take some time and testing, but eventually you will discover an ideal mixture of organic and paid traffic that helps bring potential customers down the funnel.

We wish you happy crypto promos!

>> Get Crypto Traffic <<

P.S. Have questions about promoting crypto or other financial products with PropellerAds?
Contact our traffic pros right now!

According to survey data collected from Yandex throughout the month of March, Alpari remains in the top spot as the most popular Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex eunic-brussels.eu foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex eunic-brussels.eu foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker in the Commonwealth of Independent States (CIS) region. While the top three is rounded up with TeleTrade and Forex Club, which have been traditionally strong, the fourth place is quite a surprise.

Forex Trend, which has fallen into a string of financial difficulties under seemingly extraordinary circumstances, has occupied number four spot in the industry. Last time we heard from the company it promised to begin settling its obligations at the end of March and return client funds in a couple of months.

Currently there is no information about whether this is the case, however, the evidence of a persistent presence in top Yandex search terms related to forex brokers suggests that issues are persisting.

Alpari enjoys a comfortable lead in first place

While Alpari enjoys a comfortable lead in first place, the number of searches has declined by more than 15% since February. That said, there’s been a broad decline across the board, with the most notable exception being TeleTrade.

Keep Reading

Forex brokers from Western Europe are far from present in top spots across Yandex search. The first major one is Admiral Markets in 11th, followed by OANDA in 13th place and GAIN Capital’s eunic-brussels.eu brand in 16th.