Forex Brokers That Accept Neteller Deposits

logomark Filippo Ucchino calendar Last Updated: November 2021 timer 14 min read
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Undoubtedly, the forex market is one of the most liquid financial markets in the world. The average daily trade hovers around $5 trillion. With such a huge market, it becomes increasingly difficult to choose a forex broker to facilitate one’s trade.

One of the yardsticks to look at when choosing a broker is the payment method. There are different payment methods that brokers can integrate into their platforms, but Neteller seems to be a game-changer.

So, in this article, we will walk you through Neteller forex brokers so that you make an informed decision in your choice of a forex broker. You can also read our top 10 best forex brokers for a broader view of these brokers.

Table of contents

Top 10 Best Forex Brokers with Neteller as deposit method

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79% of retail investor accounts lose money

1. AvaTrade

The first FX broker on our list is AvaTrade. This broker has all it takes to facilitate the FX trades of traders or investors. Whether you look to go long or short, AvaTrade’s trading platform has got you covered. What about if you want to practice day trading or scalping, you have got one of the best brokers here.

AvaTrade is based in Europe. It is highly regulated by European regulatory agencies. This FX broker lends support for Neteller as a method of funding and withdrawing earnings from their trading platform. All Neteller-related transactions are processed within 24 hours, plus you don’t get to pay any fee.

What’s more? The minimum deposit required to start trading on AvaTrade is $100. AvaTrade has a fixed spread starting from 0.9 pips. If you are not sure of your trading skills, you can take advantage of AvaTrade’s demo account to improve your skills and build your confidence. The demo account has a timeline of 21days.

82
Rated: Excellent
Security 94
Cost 78
Trading 75
Education 72

Platforms: Mirror Trader, ZuluTrade, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: FSA, MIFID-ESMA, ASIC, IIROC, FSCA, Offshore, FSC (British) Minimum Deposit: 100
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69.6% of retail investor accounts lose money

2. Axi

Axi is one of the best FX brokers for fast execution, low spread, and trading platform. They have great trading platforms, including the popular MT4 trading interface. Axi doesn’t require any minimum deposit to own a trading account. Spread on this broker starts from 0.4 pips. Plus, there is a great selection of account base currency.

Axi also supports Neteller deposits and withdrawals. They do not charge any fee for facilitating deposit or withdrawals. However, keep in mind that the minimum amount you can withdraw via Neteller is $5.

82
Rated: Excellent
Security 95
Cost 84
Trading 71
Education 72

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, Proprietary Web Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, FMA, DFSA, Offshore Minimum Deposit: 0
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73.57% of retail investor accounts lose money

3. XM

XM broker is one the best in the industry with no administration fee replacing the swap. They are heavily regulated by relevant regulatory agencies in the world. They offer swap free accounts for their Islamic traders wherever they are located.

To open a trading on XM, you need at least a minimum deposit of $5. Spread starts from 0 pips. XM also supports Neteller deposits and withdrawals. While deposit is instant, it may take up to 2 business days to receive your withdrawals in your eWallet from the XM payment page.

One advantage of using XM is that this broker operates an unlimited demo account. You can use the demo account until you are confident of your trading skills. In any case, if you need to practice any trading strategy, you can revert back to your demo account for free.

77
Rated: Excellent
Security 94
Cost 74
Trading 65
Education 68

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, ASIC, CYSEC Minimum Deposit: 5
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75% of retail investor accounts lose money

4. EasyMarkets

Due to heavy regulations, EasyMarkets is considered as a safe place to trade forex. EasyMarkets support a wide range of tradable financial instruments, including commodities and cryptocurrencies. They also have a wide range of trading tools that you can use to automate your trades.

This broker supports Neteller deposit and withdrawals. All transactions are processed within 24 hours and are fee-free. Withdrawals take up to 2 business days, while deposit is almost instant. Opening a trading account on EasyMarkets requires a minimum deposit of $25. Please note that the spread starts from 1 pip.

EasyMarkets offers a demo account where newbies can use to launch their FX trading career.

80
Rated: Excellent
Security 93
Cost 85
Trading 68
Education 65

Platforms: Proprietary Web Platform Regulations: MIFID-ESMA, ASIC, CYSEC Minimum Deposit:
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81% of retail investor accounts lose money

5. FXTM

If you ask any trader that has been on the market for a while about a broker that supports copy trading, such trader is likely to recommend FXTM. This broker is a force to reckon with in the copy trading space. They support more than 60 currency pairs at a low spread starting from 0 pips. With as low as $10, you can set up a trading account on the FXTM platform and start trading right away.

FXTM has a unique demo account where newbies can take advantage of to learn the dynamics of the forex market. To make money on the market, you need discipline, robust knowledge of the market, and ability to use the right trading tools. You can tick the boxes in these areas by simply using a demo account. The demo account will prepare you for the future and reveal what to expect using a live trading account. Only that, you won’t make real money.

More so, FXTM supports the use of Neteller to fund or withdraw money from your trading account. All transactions are processed within 24 hours. In fact, Neteller is the best option to withdraw your funds because FXTM do not support bank wires and they charge a fee to process credit/debit card withdrawals.

80
Rated: Excellent
Security 94
Cost 71
Trading 71
Education 80

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, Proprietary Web Platform Regulations: FCA, MIFID-ESMA, FSCA, CYSEC, FSC (Mauritius) Minimum Deposit: 10
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71.64% of retail investor accounts lose money

6. HotForex

HotForex is another great Neteller forex broker to consider. This brokerage platform is a top destination for scalpers and those who wish to make a decent profit, thanks to zero spread accounts. With the zero spread account, traders will enjoy a low cost trading environment. While HotForex supports Neteller, not all traders have access to this feature depending on their jurisdiction.

For those that are able to access Neteller on HotForex, all transactions are processed within 24 hours and do not come with any fee. To create a trading account, you need at least $5 to get started. However, depending on your location, the minimum deposit may be $100.

HotForex also has an unlimited demo account where you can start using right away. Whenever you are confident of your trading skills, you can upgrade to a live account.

81
Rated: Excellent
Security 94
Cost 86
Trading 69
Education 70

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: MIFID-ESMA, CYSEC, Offshore, FSC (Mauritius) Minimum Deposit: 5
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67% of retail investor accounts lose money

7. FXCM

Next is FXCM. When it comes to availability of tradable financial instruments, FXCM leads the pack. This broker has a presence in all corners of the world. In fact, the brand is like a household name as far as the forex space is concerned.

FXCM supports Neteller and other payment processors. While they charge a token to facilitate payment on other payment processors, using Neteller for deposit and withdrawal is absolutely free of charge. All withdrawals using Neteller may take up to 48 hours before you receive the funds in your Neteller account.

To get started with FXCM, you need a minimum of $50. But if you live in the UK or anywhere within the EU, the minimum deposit to open a trading account is €300. FXCM also has a demo account where you can learn the nitty-gritty of forex trading before jumping on a live trading environment. Additionally, the spread on the FXCM platform starts from 0.6 pips.

81
Rated: Excellent
Security 94
Cost 73
Trading 73
Education 83

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, Proprietary Desktop Platform, Proprietary Web Platform Regulations: FCA, ASIC, FSCA Minimum Deposit: 50
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76.69% of retail investor accounts lose money

8. NAGA Trader

Naga Trader is a young forex broker and social trading platform. If you are looking for a broker that supports copy trading, then you are in the right place. The good thing about Naga Trader is that they have an unlimited demo account. Once you open their demo account, you can use it for as long as you wish until you are satisfied you have developed professional trading skills to make real money in a live trading environment.

Naga Trader also supports Neteller for both deposit and withdrawing your earnings as a forex trader. All transactions are processed almost instantly. While deposit will reflect almost immediately, it takes at least 2 business days to receive all withdrawals.

Opening an account on Naga Trader doesn’t require any minimum deposit even though there is a tier system with increasing rewards (NAGA achievements). Spread on the Naga Trader platform starts from 1 pip. With Naga Trader, you will get access to different tradable financial instruments, including shares and cryptos.

78
Rated: Excellent
Security 93
Cost 79
Trading 68
Education 55

Platforms: Proprietary Web Platform Regulations: FCA, MIFID-ESMA, CYSEC Minimum Deposit: 0
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75.7% of retail CFD accounts lose money

9. ActivTrades

ActivTrades is a highly regulated broker with over two decades of experience in forex brokerage. This broker has one of the best trading platforms. They offer the MT4 trading interface and have a user-friendly mobile app where you can trade any currency pair on the go. To start using Activtrades, you need a minimum of $100 to open and operate a trading account. The spread starts from 0.5 pips.

Activtrades supports Neteller for deposit and withdrawal. All Neteller-related transactions are usually processed within 30 minutes. Plus, Activtrades doesn’t charge traders for using Neteller to fund their account or receive payment. However, if you are funding your account from outside the EU, a 1.5% fee is applied.

Additionally, Activtrades has a demo account that forex traders can use to practice their trading skills. Even without owning a trading account, you can access the demo account but it comes with a timeline of 72 hours. When you are comfortable or confident using the demo account, you can then upgrade to a live account where you can make real money.

79
Rated: Excellent
Security 94
Cost 74
Trading 72
Education 58

Platforms: Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, DFSA, Offshore Minimum Deposit: 1000
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74-89% of retail CFD accounts lose money

10. IC Markets

The list of the top 10 best forex brokers  would not be complete without mentioning IC Markets. This is another leader in the forex brokerage space. IC Markets is among the few brokers offering the lowest spread to FX traders or investors. Aside from payment methods, IC Markets is also doing well in its trading platform. They offer the popular MT4 trading terminal, as well as, a user-friendly mobile app for you to trade on the go.

They support Neteller and all Neteller transactions are processed almost instantly. They also do not charge a fee for using Neteller to fund or withdraw your earnings. Furthermore, IC Markets charges a $20 fee whenever you request to make an international withdrawal. Plus, there is no minimum deposit and spread starts from 0 pips. IC Markets also has a demo account where you can practice your trading skills without the risk of losing your hard-earned money.

92
Rated: Excellent
Security 93
Cost 91
Trading 100
Education 66

Platforms: cTrader desktop, cTrader web, Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: ASIC, CYSEC, Offshore Minimum Deposit: 0

Neteller Forex Brokers Comparison

Neteller Forex Brokers Neteller Deposit fee Neteller Deposit processing time Neteller Withdrawal fee Neteller Withdrawal processing time
AvaTrade $0 Up to 24 hours $0 Up to 24 hours
Axi $0 Up to 15 minutes $0 Up to 2 business days
XM $0 Up to 24 hours $0 Up to 24 hours
EasyMarkets $0 Up to 24 hours $0 Up to 2 business days
FXTM $0 Up to 2 hours $0 Up to 24 hours
HotForex $0 Up to 10 minutes $0 Up to 10 minutes
FXCM $0 Up to 24 hours $0 Up to 2 business days
Naga Trader $0 Instant $0 Up to 2 business days
ActivTrades $0 Up to 30 minutes $0 Up to 2 business days
IC Markets $0 Instant $0 Up to 5 business days

How to Deposit Money with Neteller to your Forex Broker

Depositing money to your trading account doesn’t have to be stressful. With Neteller, the process is very simple and seamless. Before you start the deposit process, ensure you fund your Neteller wallet first. You can fund your Neteller wallet via Visa and MasterCard debit/credit cards. Once you have funds in your Neteller account, you can then proceed to open an account with a broker of your choice.

If your trading account has been approved, head to the payment section and tab the deposit button. Enter the amount you wish to deposit and click on the Neteller logo from the list of supported payment methods. Once you select Neteller, a new window will open for you to login to your Neteller account. Enter your username and password and the clock on proceed.

Confirm the transaction and the funds would be debited from your Neteller account and credited to your trading account. If you don’t see the funds immediately in your trading account, you may refresh your dashboard for the funds to appear.

How to Withdraw Money with Neteller from your Forex Broker

After trading different currency pairs, you may want to withdraw your funds. As with the deposit options, funds withdrawal on Neteller is very simple and straightforward. Navigate to the payment page of your forex trading account and click on “withdraw funds.” It will direct you to another page where you have to select the Neteller logo and enter the amount you wish to withdraw.

Once that is done, a new window will pop up. This new window will require you to login into your Neteller to approve the transaction. For withdrawals on Neteller, it usually takes around 2 business days to process. In some cases, you may receive your funds earlier than the 2 days deadline.

What is Neteller exactly?

Neteller is a leading payment processor that was founded in 1999. It is operated by PaySafe Financial Services and regulated by the Financial Conduct Authority in the UK. Neteller is one of the pioneers of the eWallet market in the world. It has a presence in more than 200 countries, and till day, this payment processor has facilitated payment up to $1 billion annually.

To prevent fraud, theft, and identity scams, Neteller uses physical security measures, advanced electronics, as well as, 128-bit encryption technology, and high-tech anti-money laundering to secure their payment platform.

Neteller features

Being one of the pioneers of eWallets, Neteller has so many great and attractive features that has endeared it to forex traders. Find below some of the reasons why forex traders prefer Neteller compared to other payment processors.

First, Neteller operates a digital payment wallet that you can use to virtually deposit and withdrawal your funds. You can fund your Neteller wallet in several ways – credit/debit cards, and bank wires.

Secondly, Neteller supports a Net+ prepaid MasterCard, which you can link to your Neteller wallet to deposit funds or withdraw your earnings into it.

Lastly, in terms of security and customer information protection, Neteller stands tall in this regard. To secure users’ funds, Neteller uses 2FA. This means, before you have access to your eWallet, a 6-digit code would be sent to your registered phone number to verify if it’s you. This feature was introduced way back in 2015.

Benefits by using Neteller with your Forex Broker

There are so many reasons to start using Neteller to fund your trading account or withdraw your earnings. If you are funding your broker account, the transaction is generally instant. This means you don’t get to wait for some days to start trading. Plus, Neteller charges a low fee when funding your broker or trading account compared to its competitors.

Neteller has a user-friendly dashboard. Whether you want to transfer funds to somebody abroad or you want to request payment from your trading account, the options are very easy to access. This payment processor supports over 19 national currencies and more than 200 countries. Forex brokers operating in these countries choose Neteller as their choice payment processor over payment processors on the market.

Furthermore, Neteller has a currency conversion platform where you can convert from one currency to the other. For instance, if you live in the EU and you want to fund your trading account with USD, you have to convert from EUR to USD. You can easily do that on Neteller for a token. The conversion process is very seamless, plus there are no hidden charges. What you see on the screen is what you will get.

Conclusion

Okay, that’s it. Neteller is a leading eWallet payment processor in the world. It supports more than 19 currencies across over 200 countries. The conversion and deposit fees charged by Neteller is nothing compared to what other payment processors charge, and are mostly in line with other eWallets such as Skrill or Paypal. No wonder every forex broker seems to integrate them into their trading platform.

The 10 forex brokers we have highlighted in this article are now only reputable, reliable, and trustworthy, they have what it takes to help you facilitate your FX trades to make decent profits. Plus, they all support the use of Neteller to deposit or withdraw your earnings from your trading account.

Still not sure on which broker to kick-start your forex trading career with? No worries, you can read our top 10 best forex brokers to enable you to make an informed decision.


About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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