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.
Updated: Sep 12, 2022
Tip: our preferred broker is, eToro: visit & create account

Neteller can be a fast and convenient way to fund your forex broker. Understandably, you want a broker that allows you to fund using Neteller – 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
$ 10
Promotion
User Score
10
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Start Trading
Payment Methods:
Bitcoin, Credit Card, Debit Card, Visa
Full Regulations:
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.
2
Min. Deposit
$ 10
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
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
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.
3
Min. Deposit
$ 10
Promotion
User Score
9.9
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Start Trading
Payment Methods:
Bitcoin, Credit Card, Debit Card, Wire Transfer
Full Regulations:
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?
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 forex brokers in the UK?
Who regulates forex brokers in the United States?
Who regulates forex brokers in the rest of the world?
Is trading forex with Neteller recommended for beginners?

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Jonah Keri
Financial Writer
Jonah Keri was a reporter for Invezz, wrote about stocks, cryptocurrencies, and other investments. He also covered emerging technologies for private clients. He is a trader… read more.