Paul McKenna

Oct 14 2022

Best Forex Brokers Accepting EcoPayz 2022 + Free Cashback!

Discover the best forex brokers that accept EcoPayz and how eWalletBooster can provide cashback on your deposits and a host of other bonuses!

EcoPayz is an incredibly popular e-money transfer service with a boatload of reasons for users to get into FX. If the fact that they're accepted in over 40 countries with dozens of national currencies available wasn't enough, we've got more.

Below, you'll find tips on choosing the best forex broker, a few suggestions of our own, a little FX FAQ, and some super-handy guides to the most basic EcoPayz transactions.

Table of Contents:

Up first, we're talking about how to pick a broker.

What You Need in an FX Broker

Choosing a new FX broker is always hard - especially if you've never done it before. Since we've been doing this for (seemingly) ages, it's only fair that we share our personal criteria for selecting a broker. While this is all general advice, each of the following questions is an excellent way to judge the quality of any given broker:

  1. Does the broker accept EcoPayz?
  2. What limits does the broker apply (if any) to EcoPayz deposits/withdrawals?
  3. Are there any fees from the broker for using EcoPayz?
  4. How long has the broker been in business? (The longer, the better)
  5. Is the broker properly licensed?
  6. Which governmental body/bodies regulate the broker?
  7. Does the broker offer other investment options like CFDs or crypto?
  8. What software does the broker use?
  9. Do they offer customer service? If so, is there livechat?

Ask each of these, and their answers will tell you a lot. Some, like 1, 2, and 3 are obvious (EcoPayz = good, fees = bad), but others may be a bit more cloudy. Asking who regulates the broker, which tools they use, and if they're a new business helps to feel out what each broker offers - and we want that.

With that said, take a peek at the options below for some brokers that we know are a great choice.

The Best FX Brokers That Take EcoPayz



Mininum deposit:

Deposit fee:

Avg. spread

Live support








Mininum deposit:

Deposit fee:

Avg. spread

Live support






How to Get the Most Out of EcoPayz

This next section is simple. EcoPayz is great, but the early stages (i.e., non-VIP stages) can be a hassle. Because of this, eWalletBooster offers an excellent, super simple, and (most importantly) free option - pairing your eWalletBooster and EcoPayz accounts.

Take a peek at the graph below to see the difference between a standard non-VIP account (left) and an eWalletBooster account (right).

Without eWalletBoosterWith eWalletBooster
Beginning VIP Silver, extremely limitedInstant Gold VIP
P2P Fee1.5%, min. €.50 transactionFree
FX Fee2.99%1.49%
Verification Fee€10Free
Verification Time1-5 business daysWithin 12 hours

Luckily, that's a pretty obvious decision; signing up with eWalletBooster is free, takes less than five minutes, and requires no personal financial information - seriously, it's that simple. Claim your EcoPayz Welcome Bonus Now!

How to Deposit to a Forex Broker With EcoPayz

As with most services from EcoPayz, depositing with a forex broker is almost too simple. Before we get you the guide, you'll need to know a few things:

  1. You'll need a verified EcoPayz account and, more likely than not, a verified account with your broker.
  2. While the process is mechanically identical across all sites (EcoPayz treats FX as a merchant transaction), the names and locations of items may vary. For example:
    • Broker 1 simply has a Deposit button in clear view on their home page.
    • Broker 2 has theirs hidden in your account settings, and calls it the Cashier.
    • Broker 3 lets you choose to deposit in the moment, and calls it "Payment Methods"

No matter which broker you choose, though, the process below will not change:

  1. Log in to your favoured broker's site.
  2. Navigate to the Deposit section, being careful to keep the information above in mind. Most sites have an option in the top right-hand corner of their homepage, next to your account menu.
  3. Enter the amount and currency you'd like to deposit.
  4. Choose EcoPayz as your payment method.
    • Note that some brokers will keep EcoPayz with bank and card transaction types, while others will keep it in the "E-Wallet" or "Alternate Payment Method" sections.
  5. After being redirected to EcoPayz, log in with the requested information (username, password).
  6. Inspect the transaction and confirm.

Your funds will be available within one day, though most users find that they appear within fifteen minutes or less.

How to Withdraw from a Forex Broker With EcoPayz

Luckily, this is a nearly identical process to that of depositing. Keep in mind that, as with above, the names and locations of buttons may change. Additionally, your funds will take slightly longer to clear; 2-3 business days, to be precise.

Otherwise, refer to the instructions above. Log in, select Withdrawal, and choose EcoPayz. Once you've done that, you simply need to confirm the amount, currency, and method, log into EcoPayz, and confirm the transaction.


Is forex legal? (UK)

Forex is entirely legal in the UK, assuming that you use a properly licensed and regulated forex broker. As forex doesn't occur in-person, only online, this next step is incredibly important: 

Before continuing, you need to check the Financial Conduct Authority (FCA) Financial Search Register. 

Look to see what clients the broker serves (retail or professional), and see if they provide any of the following investments. If so, chances are you've found a quality broker:

  1. Contractually Based Investments (CBI)
  2. Security
  3. Spread Bets
  4. Rolling spot forex contracts

Is EcoPayz a strong choice for forex? (UK)

Yes! EcoPayz prioritizes speed, security, and ease of use for all users - each of which is incredibly helpful for forex investors.

What does EcoPayz offer FX users?

EcoPayz offers FX users a few things. Beyond the obvious (near-instant, super-secure transactions in dozens of currencies), most benefits lie in their VIP programme.

This, in tandem with eWalletBooster, makes for an excellent forex experience thanks to reduced FX fees, free P2P transactions, lowered fees, and raised limits.

Why is EcoPayz popular for forex in the UK?

EcoPayz is popular with forex users in the UK because that's kinda their whole thing. When you're globally accepted in dozens of countries and take over 40 national currencies, it's hard not to be well-suited to FX. 

Plus, you know, they offer state-of-the-art encryption and secondary security measures, along with near-instant transactions - which makes a big difference when seconds can mean turning a profit vs. a loss.

Age Restrictions: United Kingdom

All UK citizens must be at least eighteen (18) years old for FX, and all EcoPayz users must be at least 18 years old to use any of the platform's services (including FX).

Location Restrictions: United Kingdom

UK citizens can trade FX without any major restrictions placed upon them - just be sure to use a registered, licensed broker.

What limits are there, if any, for FX trading in the UK?

While EcoPayz won't apply any restrictions to you beyond those of your account (VIP) type, the government will. How does the saying go? "Nothing in life is certain but death and taxes," yep - that's it.

And, surprise, surprise, that old yank (Benjamin Franklin) was onto something - as the HMRC will rank you into one of three categories based on your FX profits:

Self-EmployedPrivate InvestorSpeculative
This refers to individuals that make the majority of their annual income from self-employed trading; it's treated as any other self-employed trade. You can read more here about the UK self-employment guidelines.All profits and losses are taxed against Capital Gains by the HMRC.This applies to any FX trader that doesn't make at least £12,300 in profits (2022/23). Speculative traders do not pay capital gains taxes on FX, spread betting, or CFDs until meeting this threshold.

EcoPayz & Forex: History (UK)

EcoPayz was founded in 2000, making them one of the oldest e-money transfer services on the market. They specialize in P2P & merchant transactions, forex, cryptocurrency, and online gambling.

As a UK-centred company, EcoPayz is regulated by the Financial Conduct Authority (FCA), and is held to an incredibly high standard. This means that they follow the law to the letter, which is something you definitely want with the service that's handling your money. Over the years, eWalletBooster and EcoPayz have partnered to offer their users better terms, more rewards, and a generally more high-quality experience - all for free.

So if you like trading FX on your terms (i.e., incredibly low fees, lower barrier to entry, cashback on select transactions, and more), then check out our eWalletBooster's EcoPayz deal - you'll be surprised how much we can offer for so little investment on your end.

Get a FREE Gold VIP Upgrade on Your ecoPayz account with eWalletBooster

arrow right iconGet ecoPayz “Gold VIP” status for FREE

arrow right iconEarn CASHBACK on your transfers

arrow right iconFREE P2P transfers (usually 1.5%)

arrow right iconFREE Verification (no deposit required!)

arrow right iconInstant verification (usually 1-5 days)

arrow right iconDiscounted 1.49% FX Fee (usually 2.99%)

arrow right iconREFER-A-FRIEND to earn even more

arrow right iconExclusive eWalletBooster REWARDS dashboard



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