Top 10 Forex Brokers Accepting Neteller (January 2023)

Do not invest more money than you can afford to lose.

Forex trading has become increasingly popular over the years, and with that, the number of forex brokers accepting Neteller as a deposit and withdrawal method has also risen. Neteller is a reliable and efficient method to move money in and out of a forex trading account.

Here is a list of the top 10 forex brokers that accept Neteller:

1. FXTM

With a wide range of trading instruments, including forex, commodities, indices, and more, FXTM caters to the diverse needs of traders. The company also offers a variety of account types and has affordable minimum deposit requirements. Furthermore, FXTM provides access to the popular MetaTrader platform, which is known for its reliability and ease of use. Additionally, the company’s dedication to regulation, safety and providing its clients with the best trading conditions makes it a highly reputable and trustworthy choice for any trader.

The broker also accepts a variety of  payment methods, including Neteller, to make depositing and withdrawing funds as seamless as possible.

2. HF Markets

With more than 10 years of expertise under its belt, HF Markets or HFM  is a household brand. It is a rigorously regulated international broker with a broad selection of trading products and account types offered

Most importantly, HF Market falls under several regulatory authorities around the globe providing traders with utmost protection and security to enjoy their trading journey to the fullest. Even more, the broker allows traders to invest on the popular MetaTrader platforms. It has also won a ton of awards, including Most Transparent Broker at the 2020 Global Banking & Finance Review Awards, Best Forex Broker Africa in 2021 by The European, and Best Forex Mobile Application in 2021 by Global Brands Magazine, to name a few.

To make depositing and withdrawing money as simple and safe as possible, the broker allows a number of payment options, including Neteller.

3. OctaFX

OctaFX, which was established in 2011, quickly rose to the top of the  forex brokers in the industry. OctaFX is regulated in the European Union and is licensed by the Cyprus Securities and Exchange Commission (CySEC). It provides attractive trading conditions and a selection of various reputable trading platforms, including MetaTrader5.

With its worldwide brand, OctaFX.com, which is registered in St. Vincent and the Grenadines, OctaFX is now growing its footprint in Asia in addition to the European market.

On top of that, Octafx covers any fees related to deposits and withdrawals using the popular e-wallet payment system Neteller, so you focus on your trading.

4. FP Markets

FP Markets is among the finest Australian brokers. Since they have been in business for almost 17 years, they have been offering their customers high-quality trading services for which they have won more than 40 industry awards, including those for “Best Trade Execution”, “Best Customer Service”, and “Best Value for Money”.

Additionally, the broker offers traders access to more than 10,000+ tradable instruments including over 8000 shares . With an attractive minimum deposit requirement and trading conditions, as well as access to the popular MetaTrader platforms, FP Markets would easily become your best-bet broker.

Like the majority of trustworthy brokers, FP Markets accepts deposits and withdrawals through safe payment methods, such as the most widely used e-wallet payment systems, with Neteller leading the pack.

5. XM

Since it was founded back in 2009 XM became synonymous with forex trading. The business has opened more than five million accounts for customers in more than 190 different nations!

Additionally, to secure client funds as effectively as possible, the company complies with many regulatory frameworks. It provides access to excellent trading tools, has fair and open terms, and doesn’t charge fees for deposits or withdrawals. Even more, XM offers free demo accounts on the MetaTrader platforms that can be setup in a matter of minutes.

XM accepts deposits and withdrawals through secure payment options, including as the most well-liked e-wallet payment systems, with Neteller topping the list.

6. Thinkmarkets

ThinkMarkets is a well-known, multi-award winning broker with operations in more than 75 nations. It provides CFD and trading in a variety of currency pairs, and its customers can select from three trading platforms: MT4, MT5, and its in-house web-based ThinkTrader. Additionally, the trading conditions are rather favorable.

Like the vast majority of reliable brokers, ThinkMarkets allows for deposits and withdrawals using secure payment options, such as the most prefered e-wallet payment systems, including Neteller.

7. Admiral markets

Admiral Markets Group, which was established in Estonia in 2001, has steadily increased its worldwide reach and currently provides trading of a variety of instruments including currency pairs, CFDs on equities, indices, precious metals, energy products, and several cryptocurrencies. It also offers the security that any trader would value and is well-regulated.

Even more, it supports two of the most widely trading platforms – the MetaTrader4 and MetaTrader5.

It is also worth mentioning that Admiral Markets prioritizes safe and secure ways to submit a deposit and withdraw your funds. Therefore, they allow options like credit cards, wire transfers, and e-wallet payment services such as Neteller, which will get your wallet running in no time!

8. Eightcap

EightCap is a reputable Australian broker that provides competitive trading conditions for trading on the MT4 and MT5 in a variety of currency pairings, commodities and index CFDs, as well as precious metals. Additionally, like the majority of reputable forex brokers around the globe, EightCap provides the most popular forex platforms, MetaTrader4  and MetaTrader5.

Even more, EightCap takes care of all expenses associated with deposits and withdrawals made using the well-known e-wallet payment system Neteller, allowing you to concentrate on your trading.

9. FXCM

FXCM, one of the largest forex brokers in the world, is a wise pick since it is a trustworthy, well-regulated broker with outstanding trading conditions. On top of that, FXCM allows traders to experience top-notch trading on its selection of robust trading platforms, including the most popular MetaTrader 4, its award-winning Trading Station, and NinjaTrader.

Investing with FXCM can be done as easily and quickly as a few clicks of your mouse. It accepts all major forms of payment, from credit cards to e-wallet systems like Neteller – so you’re sure to find one that meets yours needs!

10. eToro

eToro is a well-established broker in the field of social trading, having been in the industry for over a decade and having strong regulations in place. They offer a wide range of tradable assets, including stocks, commodities, currencies, and cryptocurrencies.

A standout feature of eToro is the CopyTrader, which allows users to replicate the trades of successful traders on the platform, making it a great choice for those new to trading or looking to diversify their portfolio. The platform is also regulated by multiple financial authorities such as the FCA, CySEC, and ASIC, providing added security for users. Overall, eToro is a reliable and user-friendly option for both experienced and novice traders.

eToro, like most reputable brokers, offers safe and secure deposit and withdrawal options, including popular e-wallet systems like Neteller.

Neteller vs PayPal

Two of the most popular e-wallets for online payments and money transfers are Neteller and PayPal.

Some of the primary differences between the two is that PayPal is more frequently accepted by merchants, can be used for a wider range of purchases and is available in more countries than Neteller.

Additionally, PayPal normally charges a small percentage fee for transactions, whereas Neteller charges a set cost for a certain category of transactions.

With PayPal, there is no charge for a purchase or other form of a business transaction when there is no currency conversion involved since the merchant will pay the cost.

However, since you are not actually purchasing anything when you deposit money with a forex broker, some brokers may ask you to pay a transaction fee. The transaction fee varies depending on the country you live in, the size of the transaction, and whether it is an international or domestic transaction.

Security-wise, both PayPal and Neteller have fraud prevention and security procedures in place for the utmost safeguard of consumers’ financial information.

Neteller vs Credit Cards

Although both Neteller and credit card payments are electronic payment methods, there are some significant features differentiating the two.

To begin with, using a credit card to make an online purchase is frequently free of additional transaction fees. It is important to keep in mind that some credit cards may impose a fee for currency conversion in the event of international transactions.

Additionally, when opposed to Neteller’s, the conversion charge for Visa and MasterCard is typically more attractive.

Note that credit cards allow customers to file for chargeback within 540 days of the transaction, acting as a kind of safety net for them. On the contrary, to be able to file for a chargeback, Neteller requires you to notify them within 60 days of the transaction. And the chargeback will only be transferred to your account if it is successfully obtained from the merchant through Mastercard.

Neteller vs Skrill

Both Skrill and Neteller are e-wallet payment systems, especially popular in Europe. Despite the fact that Skrill and Neteller are owned by the same company, the fees they apply are not the same.

To begin with, transferring money from your bank to your Skrill account, receiving funds into your Skrill account, and using your Skrill wallet to make an online purchase from a merchant who accepts Skrill are all free of charge.

Skrill, however, will charge you a 1% fee if you want to transfer money from your PaySafe Card, Neteller account, or Bitcoin wallet. Additionally, Skrill imposes a withdrawal fee of GBP 4,93 GBP or EUR 5,50 when using wire transfers or Swift, as well as a withdrawal fee of 7,5% when using a VISA card.

Also, just like Neteller, for all currency conversion transactions, Skrill will tack on 3.99% to the average daily interbank market rate, as reported by a third-party provider of foreign exchange data.

Most importantly, both Neteller and Skrill play it by the book, only working with fully-regulated forex brokers. This implies that the forex brokers have been thoroughly verified and have followed all of the requirements, giving clients greater protection and peace of mind while doing online transactions.

Neteller vs Crypto

In recent years, cryptocurrency payments have grown to unprecedented levels of popularity. Naturally, all crypto exchanges and some forex and CFD brokers accept bitcoins and other cryptocurrencies as payment.

However, when opposed to utilizing credit cards or reputable e-wallet services like Neteller, cryptocurrency payments are the weak link in the system. Cryptocurrency payments are also a double-edged sword since they are both final and irreversible while also being anonymous. It’s wise to avoid them whenever you can.

Neteller vs perfect money

Perfect Money is a popular financial services available on the market, allowing clients to make swift and secure payments and money transfers online.

However,  the fact that you cannot fund your Perfect Money account with a credit card like VISA or MasterCard is a significant disadvantage when compared to Neteller. Bear in mind that deposits are only accepted by bank wire transfers, crypto currencies such as bitcoin and ethereum, or payment providers such as Western Union and MoneyGram.

On the other hand, unlike Neteller, Perfect Money does not apply percentage to the average daily interbank market rate. Therefore, their USD/EUR and EUR/USD conversion rate is at market value.

Where you can use your Neteller?

Neteller is a global e-wallet transfer service offering its services in more than 200 countries in major regions including EEA, SEA, MENA, and more. Additionally, it allows you to utilize your Neteller wallet with 28 different currencies.

On the other hand, bear in mind that Neteller does not provide its services in the following countries: Afghanistan, Cape Verde, Cuba, Iran, Iraq, Japan, Kosovo, North Korea, the United States of America, Vanuatu, Venezuela, Yemen, Zimbabwe, and many more.

Thus, before opening a Neteller account, always ensure that the company’s services are not prohibited in your country of residency.

Pros and cons of using neteller