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.
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 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. 

1
Min. Deposit
$200
Exclusive promotion
Our 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
Wire Transfer, Bank 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
$100
Exclusive promotion
Our score
9.3
Open an account in less than 5 minitues with the global Market leader since 2001
Trade on one of the world's most popular trading platforms with access to dedicated support and integrated trading tools exclusive to FOREX.com
We’ve spent over a decade investing in technology and building a deep network of liquidity partners, so we can consistently quote tight spreads in most market conditions.
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Description:
Founded in 1999, part of GAIN Capital Holdings. Licensed in highly regulated jurisdictions, FCA, IIROC, NFA, CFTC, CIMA,FSA. Payment methods ACH, debit card, bank wire transfer. $50 minimum deposit.
Payment Methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Full regulations list:
NFA, CFTC, FCA, FSA, IIROC, CIMA, FFA Japan, MAS, SFC of Hong Kong
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$10
Exclusive promotion
Our score
8.7
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
Credit Card, Debit Card, Visa, Bitcoin
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.
4
Min. Deposit
$10
Exclusive promotion
Our score
8.5
0% Commission Account
Low Spreads
Eco-Account Option
Start Trading
Description:
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
Payment Methods
Bitcoin, Credit Card, Debit Card
Full regulations list:
Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice.
5
Min. Deposit
$10
Exclusive promotion
Our score
7.9
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
Credit Card, Debit Card, Bitcoin, 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 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

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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.