Yandex.Money is the largest and most popular electronic payment service and e-wallet in Russia as of 2016. The service was originally set up as a joint venture between Russian search engine Yandex and Russia’s largest bank Sberbank. As most other electronic payment services, it works with both private individuals and merchants.
A fair number of both large and small forex brokers from around the world accept Yandex.Money as a way to fund and withdraw money from trading accounts. Because of the popularity of the service in Russia, forex brokers catering to clients there can usually be expected to accept Yandex.Money. The broker’s processing fee for funding a forex trading account with Yandex.Money will usually be similar to that of other e-wallet services.