Compare the best brokers to trade forex with Neteller

Looking for a convenient way to trade forex? You can fund your account using deposits from Neteller. Learn where you can do this on this page.
By: Jonah Keri
Jonah Keri
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He… read more.
Updated: Jun 30, 2021
Tip: our preferred broker is, eToro: visit & create account

Neteller can be a fast and convenient way to trade forex. Keep reading to learn how to find the best brokers you can use, 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

You want to consider multiple factors, such as ease of use, fees, and security, when you choose a trading platform. 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. 

1
Min. Deposit
$50
Exclusive promotion
user-score
10
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro offers a wide range of currency pairs and other trading instruments. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
2
Min. Deposit
$10
Exclusive promotion
user-score
9.3
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Bitcoin, Credit Card, Debit Card, Visa
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
3
Min. Deposit
$10
Exclusive promotion
user-score
8.7
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Start Trading
Description:
EagleFX is an online digital asset, Forex and CFD broker providing traders across the globe with cutting edge technology to trade the world’s markets. Our focus has been to change the way people trade Digital Assets and Forex. We are driven to provide traders with incredibly low-cost pricing across all Digital assets, FX, stocks, indices, commodities and futures along with industry-leading 24/7 live customer support.
Payment Methods
Bitcoin, Credit Card, Debit Card, Wire Transfer
Full regulations list:
EagleFX offers leveraged trading on a range of assets within its platform. CFD and Spot Forex trading do carry a degree of risk which may result in you losing more than your initial investment. Please ensure you fully understand the risks involved with leveraged trading and ensure this is not detrimental to your personal or institution's financial well being.

What is a Neteller forex broker?

A trading platform that lets you trade one foreign currency for another, and while a Neteller broker is simply a service that allows you to make deposits through Neteller and fund your account that way. 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

When deciding if you should fund your account 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

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 when trading forex with Neteller

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

  • Low fees. Look for platforms that won’t 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 brokers offer multiple trading options, such as spread betting, futures, and contracts for difference (CFDs). If variety matters to you, look for one 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 broker that offers a large number of currencies and trading pairs.
  • Security. A high level of security is essential, so always check out what security features a broker has in place before trusting them with your trades.
  • Great customer service. The best 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 it safe to trade forex with Neteller?

Yes, it is usually secure, but you’ll still want to do your research to ensure 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 I trade forex with a Neteller broker?

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

  1. Find the payments page on your 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?
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What’s the best way for a beginner to learn about forex trading?
What is Neteller?
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Who regulates forex brokers in the United States?
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Fact-checking & references

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Jonah Keri
Financial Writer
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… read more.