QIWI Brokers 2025
Qiwi Wallet is an online and mobile payment system based in Russia. The transfer service provides an e-wallet for storing customers’ bank cards and Qiwi virtual or plastic Visa cards. The payment brand is also available at a number of popular trading brokers.
In this review, we explore the account login and verification process and consider how the service matches up to competitors, such as PayPal. Find out if you should transfer money into your trading account using Qiwi. Alternatively, see our list of top brokers that accept Qiwi deposits to get started today.
Update: The Bank of Russia has revoked Qiwi Bank’s license following a series of violations and high-risk transactions. As a result, Russians may be unable to use Qiwi for online trading. See our list of alternative payment methods.
Best Qiwi Brokers
These are the best 6 brokers that support Qiwi payments, based on our tests:
Here is a summary of why we recommend these brokers in April 2025:
- AZAforex - Established in 2016, AZAforex is an offshore broker offering short-term trading on 235+ global financial markets, including through binary options with payouts of up to 90%. Three accounts (Start, Pro and VIP) offer unique features, but all provide access to the broker’s Mobius Trader 7 platform, which has benefited from performance upgrades over the years.
- 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.
- LiteForex Europe - LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.
- NordFX - Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MT4 and MT5 platforms and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000.
- AAAFx - AAAFx is a forex and CFD broker, established in 2007 and headquartered in Greece. The company is regulated by the HCMC and FSCA and supports a selection of ECN accounts with low spreads, fast order executions and convenient deposits.
- 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 $10.
Compare The Best QIWI Brokers
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
| AZAforex | $1 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Binary Options | Mobius Trader 7 | 1:1000 |
| Binarium | $5 | Forex, Stocks, Cryptos | Own | - |
| LiteForex Europe | $50 | CFDs, Forex, Indices, Commodities | MT4, MT5 | 1:30 |
| NordFX | $10 | Forex, CFDs, indices, commodities, cryptos, stocks | MT4, MT5 | 1:1000 |
| AAAFx | $10 | CFDs, Forex, Stocks, Indices, Commodities, Cryptos | MT4, MT5 | 1:30 (EU), 1:500 (Global) |
| IQ Option | $10 | CFD, Forex, Crypto, Stocks, Digital Options | Own | 1:500 |
AZAforex
"AZAforex is best suited to active traders looking to make all-or-nothing bets on global markets through binary options and those looking for high leverage up to 1:1000 in return for weak regulatory safeguards."
Christian Harris, Reviewer
AZAforex Quick Facts
| Bonus Offer | 25% Crypto Deposit Bonus, 120% Loyalty Bonus, 30% Spread Rebate |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Binary Options |
| Regulator | GLOFSA |
| Platforms | Mobius Trader 7 |
| Minimum Deposit | $1 |
| Minimum Trade | 0.0001 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, MYR, IDR, CHF, RUB, THB, VND, UAH, CNY |
Pros
- AZAforex supports a huge and growing variety of payment methods, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies, providing flexibility for funding and withdrawals. This variety accommodates traders from different regions and preferences.
- AZAforex provides high leverage of up to 1:1000, allowing for potentially greater returns with smaller capital. While this comes with increased risk, it's an attractive feature if you are an experienced trader looking for aggressive growth strategies.
- Few brokers offer binary options as part of their portfolio. Still, AZAforex includes them, allowing you to speculate on short-term price movements with fixed risk and reward up to 90%.
Cons
- While functional during testing, the Mobius Trader 7 platform is proprietary and not widely used by other brokers. This creates risks of potential price manipulation or discrepancies in market data, as there's no external verification like with MetaTrader or cTrader.
- AZAforex offers basic trading guides and a blog but lacks robust educational tools such as video tutorials, webinars, or interactive learning resources. This makes it less appealing for beginners who need comprehensive learning support. A lot of the content is outdated, too.
- AZAforex still operates without regulation from a recognized financial authority, which raises concerns about transparency, fund safety, and accountability. You may have no recourse in disputes, making it riskier than regulated brokers.
Binarium
"Binarium has been designed with simplicity in mind, featuring a fast, fully digital sign-up process and an intuitive platform and app with 4 chart types and 12 indicators. With binaries spanning 5 minutes to 3 months, it caters to short- and medium-term traders."
William Berg, Reviewer
Binarium Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Forex, Stocks, Cryptos |
| Platforms | Own |
| Minimum Deposit | $5 |
| Minimum Trade | $1 |
| Account Currencies | USD, EUR, AUD, RUB |
Pros
- The $10,000 demo account, deposit-doubling welcome bonus, smooth sign-up, and 24/7 support make for an attractive onboarding experience.
- Binarium claims to segregate client funds with EU banks, meaning traders’ money should not be misused and providing an important layer of protection, which is especially relevant given its offshore status.
- Binarium has the best education centre we’ve seen amongst binary options brands, complete with information on core topics like trading basics and account options, plus professional video guides to using the platform.
Cons
- Payouts of up to 80% are on the low side of binary options platforms based on our evaluations, which may deter traders looking for the possible best returns, though you can get back up to 15% of losing trades.
- Despite being operational since 2012, Binarium is an unregulated broker with limited transparency on its website, raising safety concerns and potentially putting your capital at risk.
- Binarium has some way to go to match the investment offering of binary firms like Quotex, with a particularly weak selection of around 20 currencies and 3 cryptocurrencies.
LiteForex Europe
"LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders."
LiteForex Europe Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Indices, Commodities |
| Regulator | CySEC, AFM |
| Platforms | MT4, MT5 |
| Minimum Deposit | $50 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 |
| Account Currencies | USD, EUR, GBP, CHF |
Pros
- There's a comprehensive analytics portal by Claws&Horns, which offers video reviews, expert insights and short-term trading signals
- LiteForex has been established for 15+ years and is regulated by a trusted regulator, CySEC
- Fast ECN execution model with low spreads from 0.0 pips
Cons
- The range of day trading markets is limited compared to alternatives, with no share CFDs offered
- There are limited funding methods compared to other brands
- Fees are fairly high, with spreads starting from 2.0 pips in the Classic account and $10 forex commissions in the ECN account
NordFX
"NordFX’s competitive trading conditions are exclusively available to upper-tier account holders, making it a suitable platform for experienced day traders seeking zero-spread trading on the MetaTrader platforms, with a minimum deposit of $100 for MT4 and $200 for MT5."
NordFX Quick Facts
| Bonus Offer | Pro accounts can participate in the 100,000 USD Super Lottery |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, CFDs, indices, commodities, cryptos, stocks |
| Platforms | MT4, MT5 |
| Minimum Deposit | $10 |
| Minimum Trade | $1 |
| Leverage | 1:1000 |
| Account Currencies | USD |
Pros
- There's an impressive range of 25+ payment methods, including local bank transfers, with zero fees and near-instant processing, making for a convenient account funding experience.
- NordFX has bolstered its charting tools for advanced traders, adding MT5 to its existing MT4 integration, with faster, multi-threaded processing.
- NordFX has strengthened its account options with Pro accounts featuring spread-only pricing and Zero accounts with spreads from 0.0 on assets like the EUR/USD.
Cons
- Although NordFX offers competitive pricing in its Zero accounts, it still trails the cheapest brokers like IC Markets, while the Pro accounts feature industry-high spreads from 10 pips.
- The lack of regulatory oversight is a significant concern as clients of NordFX may receive limited safeguards, notably no negative balance protection or segregated accounts.
- With only around 100 instruments, NordFX’s market coverage is lacklustre at best, with a particularly poor selection of around 20 shares.
AAAFx
"AAAFx is best for forex traders seeking ECN conditions with spreads from zero and MetaTrader access. It’s also suitable for social traders with ZuluTrade support. However, AAAFx seriously falls short for newer traders with minimal research features and no educational tools."
Michael MacKenzie, Reviewer
AAAFx Quick Facts
| Bonus Offer | 100% Deposit Bonus (global clients) |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Cryptos |
| Regulator | HCMC, FSCA |
| Platforms | MT4, MT5 |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 (EU), 1:500 (Global) |
| Account Currencies | USD, EUR, CAD, AUD |
Pros
- There are sophisticated MT4 and MT5 charting platforms for advanced day traders, featuring a huge selection of indicators, drawing tools, chart types, and analysis features.
- AAAFx supports a wide range of payment methods with near-instant funding and zero transfer fees, ensuring convenient deposits.
- The minimum deposit is low and opening an account is fast, taking less than 5 minutes.
Cons
- There are no proprietary educational tools, relying on ZuluTrade, making AAAFx less attractive to beginners compared to brokers like eToro.
- By discontinuing ActTrader and lacking a proprietary platform, traders are limited to MetaTrader, which is outdated and less ideal for newcomers.
- You can’t make deposits and manage your AAAFx account through an app, meaning you have to sign in to the website, dampening the mobile trading experience.
IQ Option
"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."
IQ Option Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFD, Forex, Crypto, Stocks, Digital Options |
| Platforms | Own |
| Minimum Deposit | $10 |
| Minimum Trade | 0.001 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, ZAR |
Pros
- User-friendly platform for beginners
- Access to IQ Option community
- Reliable 24/7 multilingual support
Cons
- No MetaTrader 4 integration
- €10 inactivity fee after 90 days
How Did We Choose The Best Qiwi Brokers?
To list the top Qiwi brokers, we:
- Identified which brokers offer Qiwi payments from our database of 500 online platforms
- Confirmed that they accept Qiwi deposits and withdrawals for day trading
- Ranked them by their rating, using 100+ data entries and our hands-on test findings
Qiwi Overview
Founded in 2007, the group is headquartered in Nicosia, Cyprus, but has an additional office in Moscow, Russia. In 2008, the Qiwi Wallet was introduced, launching push payments at checkouts in Russia. The firm’s Visa card was then instated, marking the start of the company’s international development.
Among the top services offered are P2P transfers, Qiwi Visa virtual and plastic cards, Visa Personal Payments and Mastercard MoneySend. Users can also transfer funds online from other virtual wallets such as Yandex and WebMoney, or from a bank card, mobile phone, or via bank transfer. These are particularly helpful for funding live trading accounts.
Pros Of Trading With Qiwi
Strong Reputation
The brand has been around for over a decade, serving millions of customers each month and partnering with thousands of vendors. The group is also traded on the NASDAQ stock exchange and is offered at several well-known brokers with a decent market cap.
Stock forecast and dividend details can be found on the payment provider’s website.
Mobile App
Qiwi is available as a mobile app that you can download from Google Play or the App Store. The application allows traders to view their deposits, manage their account balance 24/7 and transfer money quickly whilst on the move. Qiwi is also supported on Google Pay and Apple Pay.
Note, the application is not available for Windows 10 or as a browser APK.
Plastic & Virtual Cards
Traders also have the flexibility of depositing using their own bank cards, Qiwi virtual cards, or plastic Visa cards. They can all be stored in their e-wallet. Once an account has been created customers can also use their wallet to buy Bitcoin (BTC) and other cryptocurrencies.
Real-Time Payments
Payments with the Qiwi Wallet are processed instantly in real-time, which is ideal for investors who want to trade straight away. Of course, some brokers may have separate time frames for processing deposits and withdrawals on their side. Fortunately, the top trading brokers process deposits almost instantly.
Fast Registration
Only a phone number is required to register for a Qiwi Wallet, meaning the overall account opening and sign-up process is faster than similar services such as Yandex.
Note, prospective clients may need to submit identity documents at the sign-up stage.
Offers & Deals
Traders also enjoy other benefits, such as special offers for Beeline, MegaFon and Tele2 customers when they pay for everyday services. Some merchants also offer Qiwi gift card options. In addition, some trading brokers offer deposit bonuses.
Cons Of Trading With Qiwi
Limited Currencies
The firm currently only offers transactions in RUB, EUR and USD, which is not the widest choice compared to other payment services such as Skrill or Sofort.
Limited Supported Countries
The payment system is only supported in 20 countries, including Russia, Kazakhstan, Moldova, Romania, Belarus, Latvia, Ukraine, Armenia, Jordan, Israel, India, Australia, Egypt, Indonesia, Kenya, Canada, and the UK. This means traders in other countries will need to consider alternative deposit options like PayPal.
English Site Unavailable
The old version of the website used to be fully in Russian. Since the last update, the company provides a few pages in English. However, the majority of information remains the same. Language change options to English are not available. Traders from the UK or elsewhere will need to ensure that their browser settings translate the content automatically.
Transaction Volume
The maximum transaction volume allowed is 15,000 RUB (around 215 GBP), which may be limiting for more seasoned investors. Of course, online brokers may also have their own thresholds, but many active traders will want to be able to deposit and withdraw in larger quantities.
Speed
Payments are actioned instantly, though your broker may have their own processing time frames. For example, AAAFx processes deposits in one business day, whilst Tickmill process deposits instantly. Withdrawal times can also vary depending on the broker. Fortunately, developers continue to keep up to date with the latest technology education to ensure rapid payments.
Security
The company uses the 3DS (3D Secure) identification framework which verifies the cardholder’s identity before payment and protects against card theft. Upon verification, a one-time code is sent via SMS to the customer’s phone to confirm the purchase. As a result, traders can have peace of mind that their deposits are safe with the Qiwi Wallet.
How To Deposit Using Qiwi
Once you have a verified account, look out for the Qiwi logo in your trading account to make a deposit or withdraw revenue after reaching your price target.
There may be minimum or maximum funding limits depending on the broker, so check these beforehand. The minimum deposit at Tickmill, for example, is 100 (USD/RUB/EUR), whilst Capital.com requires a minimum deposit of at least 20 in the chosen currency.
You will then be redirected to the payment gateway in the Qiwi portal, where you will be asked to enter your account number, password and one-time SMS code. Finally, you will receive payment confirmation in real-time.
Costs
It is free to open an account and top up your wallet, but there may be fees for payment transfers. For example, bank card replenishments are 1% up to 2,000 RUB and 0% above 2,000 RUB.
Your broker may also charge their own service fees. For example, BCS Forex charges 2.5% for withdrawals. Fortunately, many of the top trading platforms offer fee-free deposits.
Is Qiwi Good For Day Trading?
Qiwi offers fast account registration, real-time payments in USD, EUR or RUB, and e-wallet transfers to and from other services, such as WebMoney and Yandex.
However, the company does charge some fees depending on the wallet payment method, so traders should bear this in mind if their broker also charges commissions. Furthermore, unless you are based in Russia and can enjoy the local benefits of Qiwi, it might be worth considering other more accessible deposit methods, such as PayPal, Skrill or Neteller.
FAQ
What Is A Qiwi Wallet And How Does It Work For Trading?
A Qiwi Wallet allows customers to make purchases online or using their mobiles without needing to provide bank account details or a card number. Your wallet can be loaded, with virtual or plastic cards, and can be used to make deposits quickly into a trading account. You can also make money transfers between other e-wallets.
Is Qiwi Legit And Safe To Use For Trading?
Yes, the Qiwi Group is a trusted and legitimate company. The firm is transparent with its information, including the ownership structure, board of directors and dividend payments. The payment processor uses the 3D-secure framework when verifying a customer’s identity online. This helps to prevent card theft and fraud.
Which Brokers Support Qiwi?
Qiwi is a widely used payment method, though availability varies depending on your location. You can check out our list of top Qiwi brokers to see if the payment solution is available in your jurisdiction.