Neteller forex brokers refer to forex (Foreign Exchange) brokerage firms that accept deposits, and sometimes withdrawals, through Neteller, an online money transfer service.
Neteller is an electronic wallet or e-wallet service that allows people to transfer money around the world. It’s commonly used for online shopping, money transfers, and depositing funds into trading accounts. When a forex brokerage accepts Neteller, it means that they have integrated this payment method into their platform, allowing traders to fund their forex trading accounts or withdraw profits using this e-wallet.
In this article we have included forex brokers that accept Neteller as one of their payment methods. To compile the list of brokers we have taken into consideration a multitude of factors including:
- Neteller deposit and withdrawals fees from the broker’s part;
- Time of processing for both Neteller deposits and withdrawals;
- Neteller minimum / maximum deposit with the broker;
- Neteller minimum / maximum withdrawal with the broker;
- Account base currencies accepted for making a payment with Neteller.
Round-up
| NETELLER FOREX BROKERS | NETELLER DEPOSIT FEE | NETELLER DEPOSIT PROCESSING TIME | NETELLER WITHDRAWAL FEE | NETELLER WITHDRAWAL PROCESSING TIME |
|---|---|---|---|---|
| AvaTrade | No | 24 hours | No | 24 hours |
| XM | No | Instant | No | 24 hours |
| Axi | Yes | Instant | Yes | 72 hours |
| easyMarkets | No | Instant | No | 24 hours |
| HF Markets | No | 10 minutes | No | Instant |
| FXCM | No | Up to 24 hours | No | 48 hours |
| NAGA | No | Instant | Yes | 24 hours |
| ActivTrades | No | 30 minutes | No | 48 hours |
| IC Markets | No | Instant | No | 72 hours |
| FXTM | No | Instant | No | 24 hours |
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
What are the best Neteller forex brokers?
Below our curated list of the best Neteller forex brokers, with details of features and characteristics.
AvaTrade
AvaTrade does not provide Neteller for EU and Australian traders. AvaTrade processes Neteller transactions within 24 hours.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About AvaTrade
AvaTrade is a global forex and CFD broker founded in 2006 and headquartered in Dublin, Ireland. AvaTrade offers trading on currencies, commodities, indices, stocks, bonds, ETFs, and cryptocurrencies. AvaTrade provides proprietary platforms alongside MetaTrader 4 and 5. AvaTrade is regulated by multiple authorities including CySEC, ASIC, and FSA. AvaTrade serves over 300,000 clients worldwide. AvaTrade is known for competitive spreads and extensive educational resources. The AvaTrade CEO is David Dryzin since 2016.
AvaTrade Features
The features of AvaTrade are listed below.
- Neteller is not available for EU and Australian forex traders.
- Fee-free from AvaTrade’s part on both Neteller withdrawals and deposits.
- The minimum amount for a Neteller deposit is $100, while there is no maximum Neteller withdrawal.
- The Neteller deposits and withdrawals will be processed within 24 business hours.
- Base currencies may depend on your location, but majors like USD, EUR, GBP, AUD, ZAR, and CHF are typically available.
- Neteller charges a currency conversion fee of 4.49%.
AvaTrade Pros and Cons
Advantages of AvaTrade
The advantages of AvaTrade are listed below.
- Tight fixed spreads from 0.6 pips (0.9 pips for retail traders)
- The mobile apps are well designed
- Can be connected to ZuluTrade and Duplitrade
Disadvantages of AvaTrade
The disadvantages of AvaTrade are listed below.
- High inactivity fees
- The demo account is limited to 30 days
XM
XM covers all fees for Neteller deposits and withdrawals. XM requires at least $5 for transactions and processes deposits instantly and withdrawals within 24 hours.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About XM
XM is a global forex and CFD broker founded in 2009, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. XM provides MetaTrader 4, MetaTrader 5, and proprietary platforms. XM is regulated by multiple authorities including CySEC, ASIC, and IFSC. XM is known for competitive spreads, extensive educational resources, and multilingual customer support. XM serves over 5 million clients from 196 countries. XM offers various account types and a no-requote policy.
XM Features
The features of XM are listed below.
- XM covers all the fees regarding Neteller deposits and withdrawals.
- Neteller deposits are processed instantly, while withdrawals take up to 24 hours to be processed.
- The broker requires to deposit or withdraw at least $5 when using Neteller.
- USD and EUR base currencies are typically available everywhere. Then there are less common base currencies like ZAR, SGD, JPY depending on your location.
- Neteller charges a currency conversion fee of 4.49%.
XM Pros and Cons
Advantages of XM
The advantages of XM are listed below.
- There’s a wide range of account types
- The demo account at XM is unlimited
- Wide range of educational resources
Disadvantages of XM
The disadvantages of XM are listed below.
- No social trading features available
- The account availability changes depending on the location of the trader
- High minimum deposit to invest in securities ($10000 for the XM Shares account)
Axi
Axi allows fee-free Neteller deposits and withdrawals with a 3% fee after $50,000 monthly. Axi processes deposits instantly and withdrawals in 1-3 days and supports multiple base currencies.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Axi
Axi, formerly known as AxiTrader, is a global forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. Axi offers trading on currencies, commodities, indices, cryptocurrencies, and stocks through MetaTrader 4 and proprietary platforms. Axi is regulated by multiple authorities including ASIC, FCA, and DFSA. Axi is known for competitive spreads, fast execution, and extensive educational resources. Axi serves clients in over 100 countries worldwide. The Axi CEO is Rajesh Yohannan.
Axi Features
The features of Axi are listed below.
- The minimum Neteller deposit and withdrawal with Axi can be as low as $5.
- The maximum Neteller withdrawal with Axi can be as high as $10,000.
- Axi does not charge any fees on both Neteller deposits and withdrawals. Though note that after the first $50,000 amount deposited or withdrawn per month with Neteller, a 3% fee from the broker’ side may be charged.
- The Neteller deposit processing time is instant, while the withdrawal processing time takes 1-3 days.
- The account currencies available with Axi for making a Neteller deposit or withdrawal are CAD, GBP, EUR, PLN, or USD depending on your location.
- Note that Neteller charges a currency conversion fee of 4.49%.
Axi Pros and Cons
Advantages of Axi
The advantages of Axi are listed below.
- Low Forex Fees
- No Deposit/Withdrawal Fees
- Regulatory Assurance
Disadvantages of Axi
The disadvantages of Axi are listed below.
- Limited Platform Options
- Lack of Advanced Educational Resources
EasyMarkets
EasyMarkets provides fee-free Neteller transactions in certain locations. EasyMarkets completes deposits instantly and withdrawals in one day and EasyMarkets supports several base currencies.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About EasyMarkets
EasyMarkets is a global forex and CFD broker founded in 2001, offering trading on currencies, commodities, indices, cryptocurrencies, and stocks. EasyMarkets provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. EasyMarkets is regulated by multiple authorities including CySEC and ASIC. EasyMarkets is known for innovative features like dealCancellation and fixed spreads. EasyMarkets serves clients worldwide and has received numerous industry awards. The EasyMarkets CEO is Nikos Antoniades.
EasyMarkets Features
The features of EasyMarkets are listed below.
- Neteller with easyMarkets is available depending on your location. Many traders from countries in Africa and Asia cannot use it.
- Both deposits and withdrawals with EasyMarkets are fee-free from the broker’s part.
- Neteller withdrawals with EasyMarkets do not have a minimum requirement.
- Neteller deposits with easyMarkets are instant while withdrawals are executed in 1 working day.
- The accepted base currencies include USD, EUR, and GBP. Others may be available depending on location.
- Please note that Neteller applies a currency conversion rate of 4.49%.
EasyMarkets Pros and Cons
Advantages of EasyMarkets
The advantages of EasyMarkets are listed below.
- Innovative Risk Management Tools
- User-Friendly Platform
- Regulatory Trust
Disadvantages of EasyMarkets
The disadvantages of EasyMarkets are listed below.
- Limited Tradeable Symbols
- Higher Spreads on Some Accounts
- Outdated User Experience
HF Markets
HF Markets processes Neteller transactions in up to 10 minutes for deposits and instantly for withdrawals. HF Markets assigns no fees and includes base currencies like USD and EUR.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About HF Markets
HF Markets, formerly known as HotForex, is a global multi-asset broker founded in 2010. HF Markets offers trading on forex, stocks, commodities, indices, and cryptocurrencies through MetaTrader platforms. HF Markets is regulated by multiple authorities including CySEC, FCA, DFSA, and FSCA. HF Markets serves clients worldwide and is known for competitive trading conditions and extensive educational resources. HF Markets recently rebranded to emphasize its expanded product range. The HF Markets Group CEO is George Koumantaris.
HF Markets Features
The features of HF Markets are listed below.
- The minimum Neteller Deposit is $0, while the maximum deposit is $10,000.
- The deposit processing time is up to 10 minutes with no fees from the broker’ side.
- The withdrawal processing time is instant with no fees from the broker’ side.
- Withdrawals submitted before 10:00 am server time are processed on the same business day between 7:00 am and 5:00 pm server time.
- The base currencies availability depend on the account type and on your location, but typically they are the USD, EUR, NGN, ZAR, JPY, and GBP.
- Neteller applies a currency conversion fee of 4.49%.
HF Markets Pros and Cons
Advantages of HF Markets
The advantages of HF Markets are listed below.
- High Leverage Options
- Low Minimum Deposit
- Wide Range of Trading Instruments
Disadvantages of HF Markets
The disadvantages of HF Markets are listed below.
- Higher Trading Costs
- Limited Educational Resources
FXCM
FXCM sets a $50 minimum Neteller deposit and charges no fees. FXCM processes deposits within one business day and withdrawals take a couple of days and supports EUR, USD, GBP.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About FXCM
FXCM is a global forex and CFD broker founded in 1999, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. FXCM provides MetaTrader 4 and proprietary trading platforms. FXCM is regulated by multiple authorities including FCA, ASIC, and CySEC. FXCM is known for competitive spreads, extensive educational resources, and copy trading services. FXCM recently launched a sister platform called Tradu. The FXCM parent company “Stratos Group” CEO is Brendan Callan.
FXCM Features
The features of FXCM are listed below.
- With FXCM you can make a Neteller minimum deposit of $50 and a maximum of $20.000.
- Neteller deposits are fee-free from FXCM side.
- The processing time for Neteller deposits is 1 business day.
- Neteller with FXCM is also available for withdrawals.
- Neteller withdrawals take up a couple of business days, with no fees charged by FXCM.
- Account base currencies accepted are EUR, USD, and GBP for EU clients, while International clients can deposit in USD.
- Keep in mind the currency conversion rate of 4.49% applied by Neteller.
FXCM Pros and Cons
Advantages of FXCM
The advantages of FXCM are listed below.
- Regulation and Trust
- Advanced Trading Tools
- Competitive Spreads for Active Traders
Disadvantages of FXCM
The disadvantages of FXCM are listed below.
- Limited Range of Instruments
- Average Pricing Structure
NAGA
NAGA assigns Neteller users to VIP Levels. NAGA imposes no deposit fees but charges $0-$5 for withdrawals. NAGA processes withdrawals within 24 hours, and uses EUR, PLN, GBP, and USD.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About NAGA
NAGA is a German fintech company founded in 2015, offering social trading and investing services across forex, stocks, cryptocurrencies, commodities, and indices. NAGA provides a proprietary trading platform alongside MT4 and MT5. NAGA is regulated by CySEC and listed on the Frankfurt Stock Exchange. NAGA is known for its social trading features and copy trading functionality. The NAGA CEO is Michael Milonas since 2024.
NAGA Features
The features of NAGA are listed below.
- NAGA has one distinctive feature, which is that depending on your minimum deposit you get assigned automatically to one of the tiers of the NAGA VIP Levels.
- The minimum deposit recommended by using Neteller or any other payment method is $250, while the minimum withdrawal is $50.
- No fees from NAGA’s part on Neteller deposits, while you will get charged a fee on your Neteller withdrawals from $0 to $5 based on your VIP Level.
- Neteller withdrawals with NAGA are processed within 24 hours, while deposits are processed almost instantly.
- Base currencies availability may depend on your location, but generally, NAGA provides EUR, PLN, GBP, and USD.
- Neteller charges a currency conversion fee of 4.49%.
NAGA Pros and Cons
Advantages of NAGA
The advantages of NAGA are listed below.
- User-Friendly Platform
- Social and Copy Trading Features
- Diverse Asset Selection
Disadvantages of NAGA
The disadvantages of NAGA are listed below.
- High Spreads
- Limited Account Types
- No US Clients
ActivTrades
ActivTrades offers fee-free Neteller transactions. ActivTrades processes deposits in 30 minutes, withdrawals within 24-48 hours, and supports EUR, GBP, USD, and CHF.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About ActivTrades
ActivTrades is a global online broker founded in 2001, offering trading on forex, CFDs, indices, shares, commodities, and ETFs. ActivTrades provides MetaTrader platforms and its proprietary ActivTrader platform. ActivTrades is regulated by multiple authorities including the FCA. ActivTrades serves clients in over 140 countries and is known for competitive spreads and innovative trading tools. ActivTrades recently introduced zero commission on shares and fractional trading. The ActivTrades CEO and founder is Alex Pusco.
ActivTrades Features
The features of ActivTrades are listed below.
- You will find fee-free Neteller deposits and withdrawals from ActivTrades’ side.
- The processing time for Neteller deposits is 30 minutes.
- The processing time for Neteller withdrawals takes 24-48 hours
- The base currencies supported are generally EUR, GBP, USD, and CHF, though it depends on your location.
- Remember the currency conversion rate of 4.49% applied by Neteller.
ActivTrades Pros and Cons
Advantages of ActivTrades
The advantages of ActivTrades are listed below.
- Low Trading Costs
- User-Friendly Platforms
- Regulatory Compliance
Disadvantages of ActivTrades
The disadvantages of ActivTrades are listed below.
- Limited Product Range
- Withdrawal Fees
IC Markets
IC Markets provides fee-free Neteller deposits and withdrawals, processing instantly. IC Markets sets a $70,000 limit for transactions and supports base currencies like USD and EUR.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About IC Markets
IC Markets is a global forex and CFD broker founded in 2007 and based in Sydney, Australia. IC Markets offers trading on over 2,250 instruments including currencies, commodities, indices, stocks, and cryptocurrencies. IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader platforms. IC Markets is regulated by multiple authorities including ASIC and CySEC. IC Markets is known for its ECN execution model and low spreads. The IC Markets CEO is Andrew Budzinski.
IC Markets Features
The features of IC Markets are listed below.
- With IC Markets, you can make a maximum Neteller deposit or withdrawal of up to $70,000.
- Neteller deposits are processed instantly and are fee-free from IC Markets’ side.
- Neteller withdrawals’ time of processing may take longer (up to 3 business days) but are instant once they are processed with no fees from IC Markets’ side.
- The IC Markets accepted base currencies are USD, EUR, GBP, AUD, CAD, SGD, and JPY. Availability depends on your location.
- Neteller charges a currency conversion fee of 4.49%.
IC Markets Pros and Cons
Advantages of IC Markets
The advantages of IC Markets are listed below.
- Low-latency trading environment
- Institutional level liquidity
- MT4, MT5, cTrader platforms are all available
Disadvantages of IC Markets
The disadvantages of IC Markets are listed below.
- Small amount of educational tools for new traders
- Small range of tradable assets compared to other CFD/Forex brokers
FXTM
FXTM offers a Neteller VIP program with various benefits. FXTM processes Neteller deposits instantly and withdrawals in 24 hours without fees.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About FXTM
FXTM, also known as ForexTime, is a global forex and CFD broker founded in 2011. FXTM offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader 4, MetaTrader 5, and proprietary platforms. FXTM is regulated by multiple authorities including CySEC, FCA, and FSC Mauritius. FXTM is known for low spreads, fast execution, and extensive educational resources. FXTM serves over 2 million clients worldwide. The FXTM CEO is Nicholas Defteras.
FXTM Features
The features of FXTM are listed below.
- A great feature of FXTM is that you will find a Neteller VIP program with these benefits where deposit charges are covered by FXTM, a free Neteller Prepaid Mastercard, your personal Neteller Account, and fast verification of deposits are all available. This program may not be available for all clients.
- Both Neteller deposits and withdrawals are fee-free from FXTM’s part.
- Deposits are instant, while withdrawals take 24 hours to be processed.
- The minimum Neteller deposit is: 5 EUR/USD, 20 PLN, 400 INR, 1000 NGN.
- The accepted base currencies for making a deposit or withdrawal with Neteller are EUR, INR, USD, GBP, PLN, NGN. Availability may depend on your location.
- Neteller charges a currency conversion fee of 4.49%.
FXTM Pros and Cons
Advantages of FXTM
The advantages of FXTM are listed below.
- User-Friendly Platform
- Fast Customer Support
- Low Minimum Deposit
Disadvantages of FXTM
The disadvantages of FXTM are listed below.
- Withdrawal Fees
- Limited Product Range
- Inactivity Fees
How to choose the best Neteller forex broker?
Choosing the right forex broker is vital to the success of any forex trader. If the broker offers Neteller as a payment method, there are a few key points to consider:
- Confirm if the broker is regulated by reputable financial bodies. Look for brokers licensed and regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, or the Cyprus Securities and Exchange Commission (CySEC) in Europe, which is one of the most common. Regulatory compliance guarantees a degree of protection to investors and ensures the broker operates under stringent conditions.
- Before you sign up with a broker, check their deposit and withdrawal procedures. If your broker supports Neteller then you have to understand the nuances of transactions. The minimum amount you can deposit/withdraw with your broker helps you plan your trading budget. This amount might change slightly by using Neteller with some broker so be sure to check it. Lastly, you have to know how long it takes for the broker to process deposits and withdrawals via Neteller. Ask the broker’s customer care department to be sure.
- Check the broker’s other features, such as low spreads, the presence of platforms and account types, and the variety of assets to trade on.
Is Neteller safe?
Neteller is regulated by the FCA in the UK, meaning it has to adhere to strict financial standards and regulations. It uses high-level security measures such as Secure Socket Layer (SSL) encryption to safeguard users’ financial information. This prevents third parties from accessing your sensitive data.
The service also offers two-factor authentication (2FA), an additional security layer that ensures that only you can access your account, even if someone else knows your password. Additionally, Neteller has robust anti-fraud systems in place to detect and prevent fraudulent transactions.
However, users also have a role to play in maintaining their account security. You should regularly update your passwords, avoid sharing sensitive account information, and ensure that your device’s security measures are up to date.
What are the fees using Neteller for deposit and withdrawal?
Most forex brokers do not charge fees for deposits made via Neteller, making it an affordable option for funding your trading account. However, withdrawing funds from your broker to your Neteller account might come with a fee.
This generally ranges between 1% and 3% of the transaction. Some brokers may cover these fees if you withdraw a set minimum amount of money, so it is worth checking the broker’s withdrawal policy before proceeding.
What are the processing times with Neteller?
Processing times can vary, but deposits made to brokers using Neteller are typically instant, which means that traders can fund their accounts and start trading immediately. Withdrawals, on the other hand, may take up to a business day, depending on the broker’s policy.
However, keep in mind that factors such as verification processes or bank policies could potentially influence these times. For instance, if you haven’t completed the broker’s KYC (Know Your Customer) procedure, your withdrawal might be delayed. Similarly, while Neteller processes the transaction instantly, the final transfer time can also depend on your bank’s processing times.
Pros and Cons of Neteller forex brokers
Pros
- quick transactions
- available worldwide
- Enhanced online security
- Currency conversion capabilities
Cons
- might charge fees for withdrawals
- Not always eligible for broker deposit bonuses
- Some countries might apply restrictions on Neteller