Liberty Reserve is an online payment service that is similar to PayPal, Moneybookers and Neteller.

Because Liberty Reserve or short just LR is well known in the U. The best broker to make a deposit using Liberty Reserve is eToro. You can click here to make your deposit now! On the Liberty Reserve website you can see that the fees are very low compared to other online payment services.

When trading FX online, you might want to move larger sums of money. Not all Forex broker agree to carry the transaction costs by themselves.

However, using Liberty Reserve is not extremely easy. Many people from outside the U. In contrast to PayPal, Moneybookers and Neteller, it is not possible to deposit money at Liberty Reserve by credit card. Also, withdrawals are not possible directly to the bank account.

If you want to deposit or withdraw money from LR, you have to use an exchanger. With these independent money exchangers, you can deposit or withdraw money at Liberty Reserve.

There are plenty of Liberty Reserve Exchangers available. Some of the better known LR exchangers are Goldexchange, Goldexpay, Exchangezone or Interexchange. These Liberty Reserve money exchange providers support payments by credit card or by PayPal.

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Although the fees for transferring money between Liberty Reserve and its partners are low, a deposit or withdrawal of money from Liberty Reserve might not be as cheap as it seems.

Keep in mind that the LR exchanger also wants to earn some money.

Trading Point adds Webmoney and Liberty reserve as funding options

If you already own a PayPal, Neteller or Moneybookers account, think about it whether it is really worth using LR or not. But if you are often transferring huge sums of money between two FX brokers, Liberty Reserve might be by far the cheapest option for you. Despite the rather complicated two-tier system with Liberty Reserve and the LR exchangers, the Liberty Reserve payment option is becoming more and more popular among online Forex brokers.

Some reputable Forex brokers that we have reviewed offer Liberty Reserve as payment option:.