Compare the best brokers to trade forex with Neteller

Looking for a convenient way to trade forex? You can trade forex using Neteller with many online brokers.

Neteller can be a fast and convenient way to trade forex. Keep reading to learn how to find the best brokers you can use to trade forex with Neteller, and the reasons why it might be the best way for you to buy, sell, and trade currencies. 

Here are the best forex brokers that accept Neteller

When searching for the best forex brokers that accept Neteller, consider multiple factors, such as ease of use, fees, and security. In the table below, we’ve compiled a list of the top forex brokers that accept Neteller, along with the top qualities offered by each of these forex trading platforms. 

Rank
Broker
Special Offer
Min Deposit
Spreads From
Rating
Max Leverage
Regulations
Support
Start Trading
1
Lifetime demo account
$250
0.25 PIPs
400:1
CFTC
1
Spreads From 0.25 PIPs
Max Leverage 400:1
Min Deposit $250
2
No commissions
$100
0.7 PIPs
30:1
NFA, CFTC, FCA, FSA, IIROC, CIMA, FFA Japan, MAS, SFC of Hong Kong
2
Spreads From 0.7 PIPs
Max Leverage 30:1
Min Deposit $100
3
0% Commission &
Eco Accounts
$10
0.7 PIPs
500:1
3
Spreads From 0.7 PIPs
Max Leverage 500:1
Min Deposit $10
4
Rapid Forex Transactions
$10
0.8 PIPs
500:1
4
Spreads From 0.8 PIPs
Max Leverage 500:1
Min Deposit $10
5
Spreads from 0.1 pips
$200
0.5 PIPs
500:1
FSPR, FMA New Zealand
5
Spreads From 0.5 PIPs
Max Leverage 500:1
Min Deposit $200

What is a Neteller forex broker?

A forex broker lets you trade one foreign currency for another, and a Neteller forex broker is simply a service that allows you to trade forex using Neteller.

Neteller is an e-wallet provider popular in Europe, and if you’re already using it for e-money transfers, a Neteller broker can be a great way to fund forex transactions.

Pros and cons of trading forex with Neteller

When deciding if you should trade forex with Neteller, consider these benefits and drawbacks:

Pros

  • Easy to use. Neteller is a fast, easy, and reliable way to make purchases online, making it a good choice for forex transactions too.
  • Fast Deposits. You can fund your forex account quickly using Neteller, allowing you to begin trading forex whenever you’re ready. 
  • Widely used in Europe. Neteller is used by a large number of users, especially in Europe. Forex brokers have recognised that widespread usage and often permit trading with Neteller.

Cons

  • Not universally accepted. While Neteller is widely accepted as a method of payment in Europe, it hasn’t yet caught on to the same extent in other major financial hubs such as the United States, so not all brokers accept it as a payment method.

What are the fees and commissions when using Neteller to trade currencies?

The fees associated with trading forex with Neteller typically aren’t that high, with transactions generally costing a small percentage of the value of trades placed. 

Forex brokers typically take their biggest cut in the form of the spread offered between the bid and ask prices of the currency pair that you want to trade. Make sure to look for forex brokers that offer smaller price spreads.

What to look for in an FX broker that accepts Neteller

Once you’ve established that the forex brokers you’re considering accept Neteller, you can narrow your search to make sure you’re also finding a broker that offers great service. Consider these factors when choosing a forex broker that accepts Neteller:  

  • Low fees. Look for forex brokers that allow you to use Neteller, without taking too much money out of your pocket in the form of high fees and commissions, or excessively wide price spreads. 
  • Variety of forex trading options. Many forex brokers offer multiple trading options, such as spread betting, futures, and contracts for difference (CFDs). If variety matters to you, look for a forex broker that offers numerous different trading options. 
  • Number of currency pairs. Some of the most commonly traded currencies on forex exchanges are the British pound (GBP), US dollar (USD), and euro (EUR), but there are many more currencies that forex brokers can help you trade. Look for a Neteller forex broker that offers a large number of currencies and trading pairs.
  • Security. A high level of security is essential when choosing a Neteller forex broker to handle your trades, so always check out what security features a broker has in place before trusting them with your trades.
  • Great customer service. The best Neteller forex brokers offer fast, helpful, and responsive customer service, sometimes even around the clock. That’s especially useful for beginner forex traders who may naturally have more questions than more advanced traders.

Is forex trading with Neteller secure?

Trading forex with Neteller is usually secure, but you’ll still want to do your research to ensure that the Neteller forex broker you’re thinking about choosing offers the highest levels of security. Look for robust encryption features and check which bodies regulate your chosen forex broker.

Do I need to provide ID when using a Neteller forex broker?

Most likely, yes. Forex brokers usually need to abide by KYC (Know Your Customer) guidelines, making a verification process a standard procedure. The verification process may include some basic financial and personal information, and sometimes a photo ID. 

How to fund your currency trading account with Neteller

Different forex brokers can have slightly different procedures for making trades. Still, most forex brokers follow a general framework of steps when it comes to the funding process. Here are those steps:

  1. Find the payments page on your forex broker’s website or app.
  2. Select Neteller as your preferred payment option.
  3. Enter your Neteller information (or press confirm on your smartphone as instructed).
  4. Enter the amount you want to deposit into your forex trading account.
  5. Click confirm.

FAQs

What currencies can I trade with Neteller?
Are there limits to how much I can trade with Neteller?
What other payment methods can I use when trading forex?
What is forex trading?
How can I keep up with the foreign exchange market?
What currency pairs do Neteller brokers offer?
What charges are usually applied with a currency exchange?
What’s the best way for a beginner to learn about forex trading?
What is Neteller?
Who regulates Neteller forex brokers in the UK?
Who regulates Neteller forex brokers in the United States?
Who regulates Neteller forex brokers in the rest of the world?
Is trading forex with Neteller recommended for beginners?
Written by: Jonah Keri
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He now writes about stocks, cryptocurrencies, and other investments for Invezz and about emerging technologies for private clients.