Neteller Forex Brokers are FX brokers that allow their clients to deposit and withdraw funds using the Neteller payment system.

What is Neteller?

Neteller is one of the top e-wallets and online payment systems in the world. Neteller offers instant online payouts, including withdrawals and deposits. The system is used globally by many merchants across many verticals and industries. When setting up an account, users can get an e-wallet, a virtual debit card, as well as a physical debit card for their internet transactions. Other similar payment systems are Skrill and Webmoney.

Neteller was established in 1999, and it currently supports over eighteen different currencies. At the moment, it is working in more than 190 countries with a client base that reaches all over the world; its clients are millions of users that are loyal to the online payment system. Despite being considered small, in comparison to other payment systems, they are globally acclaimed for their excellent and authentic service to their users.

List of Neteller Forex Brokers

Here is a list of Forex brokers that allow their clients to use Neteller to deposit and withdraw money; this list includes brokers like: FP Markets, XM Group, and eToro.

Broker
Description
Trade Now
Octafx
OctaFX
Regulation: CySec
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.4 pips

Review


FP Markets
FP Markets

Regulation: ASIC, CySEC
Min. Deposit: $/€/£ 100
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips

Review


NSBroker
NSBroker
Regulation: MSFA, BaFin, FCA,
Min. Deposit: $250
Leverage: 1:100
Spreads: Low as 1.2 pips

Review
XM
XM
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.1 pips

Review
Avatrade
Avatrade
Regulation: ASIC,JFSA,FSCA
Min. Deposit: $/€/£ 250
Leverage: 1:400
Spreads: Floating from 1 pip

Review


IC Markets
IC Markets
Regulation: ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:500
Spreads: Low as 0.0 pips

Review


Etoro
Etoro
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:30
Spreads: Variable

Review

XTB
XTB
Regulation: FCA
Min. Deposit: $/€/£ 250
Leverage: 1:30
Spreads: Low as 0.1 pips

Review


IQOption
IQOption


Regulation: CySec
Min. Deposit: $/€/£ 10
Leverage: 1:1000
Spreads: Floating from 1 pip

Review


OlympTrade
OlympTrade
Regulation: IFC
Min. Deposit: $/€/£ 10
Leverage: 1:500
Spreads: Low as 0.0 pips

Review
Globex360
GlobeX360
Regulation: FSCA
Min. Deposit: No min Deposit
Leverage: 1:500
Spreads: Low as 1.6 pips

Review

Advantages of Neteller FX Brokers

There are many advantages when it comes to Neteller, and each benefit is better than the last. This online payment service does not apply any limitations on making payments when it comes to Forex brokers. In actuality, Neteller have one of the highest rates of accepted Forex brokerage firms, when it comes to all of the online payment companies combined.

Forex traders find Neteller as an easy online payment method because of how user-friendly and convenient it is to access their e-wallets; they will be able to access their electronic wallet at any time of the day and at short notice. Another benefit is that Neteller uses state-of-the-art encryption regulations and strong security precautions to ensure their users have the best layer of protection from any and all forms of financial misconduct.  Neteller is also an attraction to traders because of the way their account can be funded. With other online payment methods, funding the e-wallet can be done with a credit card or through bank wire transfers.

However, Neteller provides the option of funding their live accounts through over 53 different forms of payment methods. Traders can also finance their accounts by using other online payment systems, even with cryptocurrencies.

Disadvantages of Neteller FX Brokers

There are equal drawbacks to the amount of benefits with using Neteller Forex brokers. The first drawback is the increased amount of transaction costs, which is higher than the expenses of other electronic wallets. With typical transaction costs in other online payment systems, the cost is an average of five percent and with credit card transactions cost between one-to-four percent. The fees of Neteller transaction costs are drastically higher, especially when the costs are defined by the payments in accordance with big payments.

As a trader from the United States, you should be cautious on the payments sent to spread-betting brokers, since spread betting is considered a crime and is illegal in the United States. Furthermore, any trading account that is in accordance with a spread-betting trading account will be banned. Therefore, it will be hard to be able to recover any fund from a suspended or frozen account. This means that traders should be extremely careful when it comes to choosing a Forex broker. In terms of Neteller, there is no chance that the online payment system will ban your account, if you are trading with a regulated Forex broker, such as those regulated by the FCA and the NFA.