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Best Forex Brokers Accepting Neteller 2020

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In this article we have conducted diligent research and come up with the best forex brokers that accept Neteller as a payment method. Our list looks at the key factors of each broker which include service, product and reliability.

The brokers below represent the best Neteller Forex Brokers Comparison Table

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
First Prudential Markets Pty Ltd
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Your capital is at risk

ASIC, CySEC

$100

1:500

IRESS, MT4, MT5, webtrader

2005

No dealing desk

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Your capital is at risk

Pacific Financial Derivatives Limited
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Your Capital is at Risk

FMA

$0

1:300

MT4

1999

No dealing desk

Visit Broker>

Your Capital is at Risk

OctaFX
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Your capital is at risk

CySEC

$50

1:500

cTrader, MT4, MT5

2011

ECN, STP

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Your capital is at risk

FXTM
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90% of retail CFD accounts lose money

CySEC, FCA, FSC

$10

1:30

MT4, MT5

2011

No dealing desk

Visit Broker>

90% of retail CFD accounts lose money

Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.


Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients. You can also visit our Stoke Brokers section.

FP Markets

Regulated By:ASIC, CySEC

Foundation Year:2005

Headquarters:Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia

Min Deposit:$100

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Your capital is at risk

This brokerage offers a massive range of tradable assets through Forex, CFD, and share trading accounts. FP Markets supports the MT4, MT5, and IRESS platforms and offers leverage up to 500:1. You can trade 45 currency pairs with competitive spread or commission pricing.

FP Markets was founded in 2005 and is headquartered in Sydney, Australia. It is regulated by by the ASIC in Australia. Demo accounts are available. While it is suitable for beginners, education resources are limited. 

Pros: Cons:
  • 10,000+ tradable assets
  • Choose between 3 trading platforms
  • Competitive spread pricing on raw account
  • High spreads on the standard account
  • A range of possible additional fees
  • AU $200 minimum opening balance

Pacific Financial Derivatives

Regulated By:FMA

Foundation Year:1999

Headquarters:Level 8, 12-26 Swanson Street, Auckland Central, Auckland 1010

Min Deposit:$0

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Your Capital is at Risk

Pacific Financial Derivatives Ltd (PFD) is a global online broker that operates from Auckland in New Zealand. The broker was established in 1999 by an experienced Japanese investor who has a similar business in his native country. The brokerage offers Forex, indices and commodities for trading on its platforms. With many years experience in the business, PFD has become a globally established brand.

Pros Cons
  • Broker is regulated by the FMA in New Zealand.
  • Well-established broker with over 15 years experience.
  • Low trading fees and charges.
  • The provided demo account expires after 15 days.
  • The education suite provided is obviously inadequate.
  • There are no bonuses, promotions or incentives to encourage the trader.

OctaFX

Regulated By:CySEC

Foundation Year:2011

Headquarters:Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

Min Deposit:$50

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Your capital is at risk

OctaFX was founded in 2011 and offers Forex ECN trading, as well as CFD trading on Indices, Metals and Cryptocurrencies, across the MetaTrader and cTrader suite of trading platforms for Windows Desktop, Web (Windows and Mac) and Mobile (Android and iOS), as well as their own OctaFX Trading App.

The services and features offered by OctaFX are designed for both beginner and professional traders, with access to Micro, Pro and ECN accounts, as well as the OctaFX Copy Trading programme and an impressive range of education and trading research tools including AutoChartist.

Pros: Cons:
  • Wide range of trading accounts (Micro, ECN, Pro, Sharia) for beginners and advanced traders
  • Can access Forex ECN with 1:500 leverage
  • Trade on MT4, MT5 and cTrader across Desktop, Web and Mobile
  • Access copy trading, bonus promotions and a wide range of research tools
  • Decision between CySEC regulated OctaFX.eu, or St.Vincent and the Grenadines registered OctaFX.com
  • Limited commodity markets, no individual Stock CFDs
  • Limited deposit and withdrawal options – only through Neteller, Skrill or Bitcoin*

FXTM

Regulated By:CySEC, FCA, FSC

Foundation Year:2011

Headquarters:FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus

Min Deposit:$10

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90% of retail CFD accounts lose money

FXTM, short for ForexTime, is a platform with a primary focus on foreign exchange. That specialization allows it to rise above many others when it comes to Forex focused trading platforms and tools. CFDs are available on 50+ currency pairs including major, minor, and exotic pairs. Leverage is available up to 1000:1.

Spreads are competitive across all platforms with 24-hour trading open 5 days per week. FXTM is based in Cyprus and licensed by the International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission, and other regulators in and out of the EU. A free demo account is available. 

 Pros:  Cons:
  • Support for 250+ products to trade across global markets, including Forex, commodities, shares, indices and cryptocurrency CFDs
  • Competitive spreads
  • MetaTrader 4 and MetaTrader 5 platform support
  • Low maximum order size
  • No native Mac desktop app

Introduction: What is Neteller?

Neteller is an electronic digital wallet payment system, founded in 1999. It is a part of the PaySafe Group, the same company which owns the Skrill brand. Neteller provides users with a system of making electronic payments in three ways:

  1. With the Neteller digital wallet
  2. With the Net + prepaid card
  3. Via money transfer to a verified, listed bank account

The pathway to funding a forex account with Neteller usually starts with funding the Neteller wallet, then initiating the transaction on the broker’s website, before being redirected to the Neteller wallet where the transaction is concluded.

Why Use Neteller as Your Deposit/Withdrawal Method?

Neteller provides a three-pronged system of conducting transactions on a forex account. By using Neteller as a deposit/withdrawal method, you can deposit funds to your forex account using three methods listed above, or withdraw funds. All transactions take place within the Neteller system.

Transactions are secure, can be done with a 2-step authentication process. Transactions are processed instantly. So if you are a fast-paced trader who wants to take quick advantage of an opportunity, you can deposit money with Neteller and get the trade done within minutes.

Benefits of Choosing a Broker that Accepts Neteller

Today’s day traders want to be able to take advantage of quick market opportunities. A trader may spot an opportunity by 10.05 am and need to trade it with extra funds by 10.15am. Neteller presents such traders this opportunity because they can fund their accounts instantly.

Neteller digital wallet can be accessed by a multiple-step authentication process, which is optional. Furthermore, users can fund their Neteller wallets using various means of transaction, for onward funding of a forex account.

Neteller also provides a currency conversion platform for a small-fee. Since it serves as an international digital wallet, Neteller has the functionality of being able to withdraw your funds to your local bank account, in your own local currency.

How to Pick a Decent Broker That Offers Neteller

Many forex brokers are now offering Neteller as a means of transaction. There are several ways to choose a decent broker that offers Neteller as a means of conducting deposit and withdrawal transactions on a forex account.

  1. The FAQ questions on the forex broker’s page will provide insight as to the method of transactions offered by that forex broker. If Neteller is one of the listed methods, this will be reflected there.
  2. Many forex brokers also feature a banking page. The banking page displays the methods that can be used to deposit funds as well as to withdraw funds.
  3. The Neteller site also provides some information as to some offers provided on the platforms of supported forex brokers. This is seen on the “Exclusive offers” page.

Neteller Chargeback on Broker Account

Does Neteller provide chargebacks on a broker’s account? In exceptional cases, yes it does. However this is a rare occurrence and has to be justified by the trader before a chargeback can be initiated.

Conclusion

If you are use Neteller as a payment method then you need a good forex broker that also supports this method for deposits and withdrawals. We have come up with a definitive list to the very best forex brokers that accept Neteller.

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Trade With A Regulated Broker

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