Best Forex Brokers That Accept Neteller In 2021
What Is Neteller?
Neteller is an electronic money transfer service that will send funds to and from merchants.
It was founded in 1999 and now supports 18 currencies and operates in over 190 countries. It has established a user base of millions however it is still relatively small in comparison to competitors like PayPal and Skrill.
Over the years, Neteller has won various accolades showing that despite not being the same size as PayPal it still provides an excellent service to its customers.
Best Neteller Forex Brokers
Why Use My Neteller Account to Deposit With a Forex Broker?
Neteller is comparable with PayPal when it comes to simplicity. Unlike competitors like WebMoney and Skrill who have added lots of products to their offering, Neteller has kept it simple and are good at what they do, paying people and merchants online and the use of their Net+ plastic cards.
The platform is also easy to use and attracts customers for the no-nonsense approach it has taken to sending money. This ease makes it a great choice to use when depositing into a Forex broker account, you only need to add your card or bank details once although in a perfect world you will only deposit into your forex account once!
There is no need to share any bank or credit card details with a Forex brokerage because you have inputted it into Neteller who will take care of the transaction. Your information is secure with Neteller when making a money transaction.
They also offer daily limits, which helps prevent fraudsters from targeting Neteller accounts because anything they can steal is reduced.
When funding your forex trading account, Neteller is very quick, especially when compared to other providers. Their deposit transactions are instant, so you can send money directly to your forex broker and almost immediately start trading (this is dependant on the broker’s terms).
From a brokers perspective, Neteller is a convenient option to process your deposit.
How to Pick a Broker That Accepts Neteller
Neteller is becoming comparable to the likes of PayPal and especially Skrill. Its popularity has grown over the years and more and more brokers and now offering the payment method as an option.
The best way to pick a broker that does accept Neteller is to simply use our table above. We have a thorough process that helps us determine whether we recommend a broker or not and whilst we wouldn’t suggest you take our word for it, we do think it gives you a great start to identifying the best brokers out there that do accept Neteller.
Therefore, click through to a couple and see what you make of them, you can read reviews on each one here as we as comparing them side by side here.
Neteller Vs PayPal Forex Account Funding
As Neteller is emerging as the third most popular electronic payment method on the market and ever increasingly being accepted by Forex brokers, we see how it compares to its competitors, PayPal and Skrill.
|Charges you for||Sending money||Sending money||Receiving money||Neteller & Skrill|
We have looked at the significant aspects that would affect your decision to deposit into a Forex broker account using the 3 largest online e-money solutions.
Using Neteller as an option to deposit into your broker account is advisable, there are a lot of pluses to this system and the fact that more brokers are beginning to onboard it suggests that they trust the platform.
When looking for a broker that does offer Neteller as an option, do make sure to do your due diligence but we have given you a head start with the brokers in the table above. Our staff open accounts with all these brokers, test the platform, the customer service and come up with a view of each broker, it is therefore worth starting without recommended forex brokers, especially as we feel that there aren’t any Neteller forex brokers better than the above selection at this moment in time.
There are lots of different ways in which you can deposit into a brokers account and isn’t doesn’t (shouldn’t) affect how you trade but it is a sign that the Forex market continues to grow and that you should be aware of different brokers and the payment options they offer. If only to make sure you’re picking one that uses your preferred payment method.
Is Neteller more secure than PayPal?
Despite our good experience with Neteller, there are lots of reviews online that suggest that the platform has had issues with fraudulent behaviour on the platform.
What are Neteller’s fees?
Neteller fees range depending on the service you’re after, to deposit, fees can range between 0-2.5% but then there withdrawal fees plus FX fees and many more, so we’d recommend you have a look at their fee’s page for specifics.
How secure is my Neteller account?
Neteller has implemented the most up to date security measures, which includes the recommended two-factor authentication (2FA) process of signing in.
This should only allow you into your account once you type in a code sent to your phone, so assuming you haven’t lost your phone then no one should have access to your account.
The biggest issue online is claims of fraud, which is obviously significant because it increases the risk to your funds. When depositing into a forex trading account, your funds should hit the brokers account almost immediately, so if they do not, then you should contact Neteller immediately who do have a procedure to investigate any irregularities.
Why don’t all Forex brokers offer Neteller?
Neteller is becoming more popular with Forex brokers, however, it is yet to have the same reach as PayPal and therefore still doesn’t have the attraction to brokers that PayPal does.
It simply doesn’t have the market share of PayPal and that is why brokers don’t care as much about it but the trend is growing so we expect to see more brokers offering Neteller over time.
What is a Neteller Forex broker?
A Neteller Forex broker is as it sounds, it’s a brokerage house that lets you trade forex and allows you to deposit into your account using the electronic payment system, Neteller.
How can I deposit into my Neteller account?
Neteller has a vast amount of different ways you can deposit into your Neteller account. The main two are via credit/debit card or bank transfer, but then after those, there are around 40 different options you can use to fund your account.