Admiral Markets changes mind, restores Neteller as payment option

Admiral Markets changes mind, restores Neteller as payment option

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The UK forex broker Admiral Markets said it is restoring its support for Neteller as a payment option from August 15.

The announcement comes just a couple of days after the broker stopped using Neteller and Skrill on August 1, pursuant to an announcement from mid-July.

Back then Admiral Markets did not give any reasons for its decision, but now says Neteller is reintroduced due to popular demand. “Admiral Markets flexibility in this matter is due to requests from our customers for reconsideration and our aim to remain 100% customer-focused,” the broker said in its statement.

With the relaunch, the broker will also update its payment conditions and will charge transactions via Neteller with a fee of 1.5% of the total transfer amount.

Supposedly, the fee will be only for Neteller transfers, while the other free deposit options will remain so: bank deposit (takes 1-3 business days to go through) and the instant German payment service SOFORT, available for clients in Germany, Austria, Belgium, France, the Netherlands, the UK, Italy, Spain, Poland, Hungary, Slovakia, Czech Republic. Another option is credit card, for a small fee. The UK branch of Admiral Markets also accepts deposits via PayPal.

The other withdrawal options, besides Neteller, would be via bank transfer.

Admiral Markets is an online trading provider, offering trading in forex and CFDs on stocks, indices, precious metals and energy and is regulated by UK’s Financial Conduct Authority (FCA). It offers several types of account, with minimum deposit requirement starting from $250 and leverage of up to 1:500.

The company also has an Estonia–based sister company, Admiral Markets AS, which is a white label provider regulated by the Estonian Financial Supervision Authority (EFSA). The Admiral Markets group also consists of Australia-regulated Admiral Markets Pty and Cyprus-regulated Admiralex.

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