By Chris Cammack Author Information Updated: June 25, 2020

Founded in 1999, Neteller is one of the pioneers of the eWallet industry. Available in over 200 countries and handling over 1 billion USD of transactions on an annual basis, Neteller is one of the most popular online payment systems in the world. It operates similarly to another popular eWallet system, Skrill, which is also owned by Neteller’s parent company Paysafe.

Neteller eWallets are easy to open and most Forex brokers accept Neteller deposits and withdrawals. Additionally, most Forex brokers will not charge fees for Neteller withdrawals or deposits, and all funding requests are usually handled instantly.

As most brokers accept Neteller we have compiled a list of the best all-round Forex brokers who offer Neteller as a funding option. Each Forex broker on this list has strict regulation, excellent trading conditions, comprehensive education sections and demo accounts for beginners.

If you want to use Neteller to fund your Forex trading account, these are the brokers you should use:

  • AvaTrade - Best Broker Accepting Neteller
  • FXTM - Most Assets Available
  • XM - Best Education
  • HotForex - Best Trading Conditions
  • FxPro - Best Trading Platforms
  • MarketsX - Most Trusted Broker
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  • Broker
    AvaTrade

    AvaTrade  - Best Broker Accepting Neteller

    REGULATED BY
    ASIC ASIC
    FSCA FSCA
    B.V.I FSC B.V.I FSC
    FSA FSA
    Trading Desk Type
    Trading Conditions
    11111
    Minimum Deposit
    USD 100
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    With over 200,000 active traders around the globe, on both the MetaTrader 4 and AvaGo platforms, and the award for Best Trade Execution 2016 by the African Finance Expo, AvaTrade is a good partner for all types of trader. AvaTrade has built its reputation on being a client-focused, dependable broker, and continues to add to that reputation with the recent addition of AvaProtect to its product lineup.

    With great trading conditions across Forex, commodities, cryptocurrencies, ETFs, bonds, and equities and boasting FSCA and ASIC regulation, AvaTrade is competitive with some of the best brokers in the world.

    Pros

    • Good for beginners
    • Well regulated
    • Low minimum deposit

    Cons

    • Dealing desk
    • Limited education
    Account Spread From Commission Execution Min. Deposit
    Islamic 1.2 pips None Instant USD 100 Account Details
    Professional 0.9 pips None Instant USD 100 Account Details
    Retail 0.9 pips None Instant USD 100 Account Details
  • Broker
    FXTM

    FXTM  - Most Assets Available

    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSCA FSCA
    FSC FSC
    Trading Desk Type
    Trading Conditions
    1110.50
    Minimum Deposit
    USD 10
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    FXTM is regulated by the FCA, CySEC and the FSCA in South Africa and the educational material offered is first-class. By keeping the focus on beginners looking for reasonable trading conditions, the FXTM team of educators and analysts have succeeded in creating a welcoming environment for new traders. Additionally, FXTM are one of the few brokers with 24/7 support, allowing new traders to get set up on weekends or holidays.

    For the absolute beginner, FXTM has a great deal of training material to help new traders get started. Materials include articles, videos, webinars and a searchable glossary of new vocabulary. This is an excellent resource and many hours can be spent covering the basics of Forex Trading. There is an additional set of videos that cover analysis topics, and more detail on chart reading techniques.

    FXTM has an open “Daily Market Analysis” section on their website where research analysts post bulletins that connect daily news items with analysis and actionable trading ideas. This can be combined with other sources to achieve a more comprehensive view of global events and the trading opportunities they represent.

    The Standard Account has a minimum deposit of 100 USD and spreads start at 1.3 pips. FXTM also offers a Cent Account where the minimum deposit if only 10 USD but the spreads will be wider. If you can afford it, I would recommend starting with the Standard Account.

    Pros

    • Good for beginners
    • Excellent education
    • Well regulated
    • Low minimum deposit

    Cons

    • Expensive withdrawals
    Account Spread From Commission Execution Min. Deposit
    Cent Account 1.5 pips None Instant USD 10 Account Details
    Standard Account 1.3 pips None Instant USD 100 Account Details
    ECN Zero Account 1.5 pips None Market USD 200 Account Details
    ECN Account 0.1 pips $2.00 Market USD 500 Account Details
    FXTM Pro Account 0.0 pips None Market USD 25000 Account Details
  • Broker
    XM

    XM  - Best Education

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    IFSC IFSC
    Trading Desk Type
    Trading Conditions
    11110.5
    Minimum Deposit
    USD 5
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    XM Group has achieved substantial growth since 2009, earning 1.5 million clients living in 196 countries. Regulated by three major regulators and the recipient of many industry awards, XM Group stands out from a crowded field of market maker brokers for their customer service and educational support.

    XM Group has extensive experience and in-depth knowledge of the global financial markets. XM’s operational philosophy is aimed at client satisfaction and low client turnover; they earn client loyalty through award-winning 24/5 personal customer service, varied account types and competitive trading conditions.

    Pros

    • Well regulated
    • Excellent education
    • Wide range of assets
    • Fast and free withdrawals

    Cons

    • Dealing desk
    Account Spread From Commission Execution Min. Deposit
    Micro 1.0 pips None Instant USD 5 Account Details
    Standard 1.0 pips None Instant USD 5 Account Details
    XM Ultra Low 0.6 pips None Instant USD 50 Account Details
    XM Zero 0.6 pips $7.00 Instant USD 100 Account Details
  • Broker
    HotForex

    HotForex  - Best Trading Conditions

    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSCA FSCA
    DFSA DFSA
    FSC FSC
    Trading Desk Type
    Trading Conditions
    11110.5
    Minimum Deposit
    ZAR 70
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    Listed as on the Top 100 Companies by World Finance Magazine and the award for Business Excellence 2015 (World Confederation Of Businesses) HotForex is not just recognized for their integrity by their industry peers, but also in the financial industry as a whole.

    As an STP broker regulated by multiple major international organizations including the FCA, CySEC and the FSCA, HotForex has built a reputation among traders for achieving a stable, fair, secure and transparent trading environment for both the beginning and expert level trader.

    Pros

    • Low minimum deposit
    • Tight spreads
    • Well regulated
    • Good range of accounts

    Cons

    • Limited base currencies
    Account Spread From Commission Execution Min. Deposit
    Micro 1.0 pips None Market USD 5 Account Details
    Islamic 1.0 pips None Market USD 100 Account Details
    Premium 1.0 pips None Market USD 100 Account Details
    Auto 1.0 pips None Market USD 200 Account Details
    Zero 0.0 pips $3.00 Market USD 200 Account Details
    HFCopy 1.0 pips None Market USD 300 Account Details
    Premium Pro 1.0 pips None Market USD 5000 Account Details
  • Broker
    FxPro

    FxPro  - Best Trading Platforms

    REGULATED BY
    FCA FCA
    CySEC CySEC
    FSCA FSCA
    DFSA DFSA
    SCB SCB
    Trading Desk Type
    Trading Conditions
    11110.5
    Minimum Deposit
    USD 100
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    With over 870,000 client accounts, FxPro is one of the biggest international brokers regulated in South Africa. Major awards shows and institutions are continually showering FxPro with honours including top accolades like Best Broker 2018 and Best Forex Trading Experience 2018, which is the pinnacle of success.

    The account options at FxPro are arranged by platform, which is not the case at most other brokers. Accounts are available with either MT4, MT5 and cTrader, where all accounts have a demo option, and the same minimum deposit of 100 USD and a spread as low as 0.6 pips.

    The education section is smaller than that of other leading brokers. Despite the lack of structure and depth, the material that is offered is updated and honest and hosted webinars are free to join a couple of times a week.

    FxPro is the broker choice for traders who need a reputable international broker while still being FSCA regulated, supporting a broad platform choice and a reasonable minimum deposit.

    Pros

    • Well regulated
    • Great platform choice
    • Tight spreads

    Cons

    • Limited education
    Account Spread From Commission Execution Min. Deposit
    FxPro cTrader 0.45 pips $4.50 Market USD 100 Account Details
    FxPro MT4 1.2 pips None Market USD 100 Account Details
    FxPro MT5 1.52 pips None Market USD 100 Account Details
    Islamic 1.2 pips Variable Market USD 100 Account Details
  • Broker
    MarketsX

    MarketsX  - Most Trusted Broker

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    FSCA FSCA
    Trading Desk Type
    Trading Conditions
    11110.5
    Minimum Deposit
    ZAR 2500
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    Marketsx is a premium trading platform. It’s operated by Markets.com and offers traders fast, low-cost trading on over 2,200 financial instruments. Marketsx provides CFD trading on global stock, forex, commodity, indices, cryptocurrency, ETF and bond markets. Clients in the UK can also use spread bets on applicable instruments.

    The proprietary Marketx trading platform is packed full of features and trading tools and is optimised for lightning execution. As well as in-depth charting and asset comparison tools, Marketsx also gives traders a wealth of decision-supporting data with sentiment tools, tutorials, and regular live-streamed, expert analysis.

    Owned by Tradetech Markets (South Africa) Pty Ltd., a subsidiary of Playtech PLC, Markets.com (South Africa) SA is one of the best-recognised Forex brands.

    Pros

    • Well regulated
    • Tight spreads
    • Wide range of assets
    • Fast and free withdrawals

    Cons

    • High minimum deposit
    Account Spread From Commission Execution Min. Deposit
    Live 0.9 pips None Instant USD 250 Account Details
  • Broker
    Exness

    Exness  - Best Trading Conditions

    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSC FSC
    Trading Desk Type
    Trading Conditions
    11111
    Minimum Deposit
    USD 1
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    Founded in 2008, Exness is a well-regulated broker with tight spreads and unlimited leverage on a specialist zero account.  With both market and instant execution methods and full support for both MT4 and MT5, there is little to find fault with here - including its well-publicised sponsorship of Real Madrid.

    Exceptionally, customer service is available 24/7 and most traders will find something to like from the wide range of account types.

    Pros

    • Well regulated
    • Tight spreads
    • Wide range of assets
    • 24/7 customer service

    Cons

    • Limited education
    • Limited market analysis
    • Unavailable in Europe
    Account Spread From Commission Execution Min. Deposit
    Standard Cent MT4 0.3 pips None Market USD 1 Account Details
    Standard MT4 0.1 pips None Market USD 1 Account Details
    Standard MT5 0.2 pips None Market USD 1 Account Details
    Pro 0.1 pips None Market USD 200 Account Details
    Raw Spread 0.0 pips $3.50 Market USD 200 Account Details
    Zero pips $3.50 Market USD 200 Account Details
  • REGULATED BY
    CySEC CySEC
    ASIC ASIC
    Trading Desk Type
    Trading Conditions
    11110.5
    Minimum Deposit
    USD 200
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    A hugely respected ECN broker, IC Markets has invested heavily to provide traders with the lowest spreads and fastest execution speeds possible - and has seen huge success as a result. ASIC and CySEC regulated and with support for MT4, MT5 and cTrader, this broker is serious about providing the best possible trading environment for its client base. 

    Headquartered in downtown Sydney, IC Markets represents the best of the Australian Forex industry; beginner traders will welcome IC Markets' simple account structure and responsive and informed customer service; the company understands customer retention involves a combination of tight spreads, cutting edge technology, fast trade execution and specialised support. 

    Pros

    • Well regulated
    • Tight spreads
    • Wide range of assets
    • Great platform choice

    Cons

    • High minimum deposit
    • Limited market analysis
    Account Spread From Commission Execution Min. Deposit
    RAW - cTrader 0.0 pips $3.00 Market USD 200 Account Details
    RAW - MetaTrader 0.0 pips $3.50 Market USD 200 Account Details
    Standard - MetaTrader 1.0 pips None Market USD 200 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    FCA FCA
    IFSC IFSC
    Trading Desk Type
    Trading Conditions
    11110.5
    Minimum Deposit
    USD 5
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    Well-regulated, safe and award-winning, XTB is a leader in the Forex trading space. Joining other leading Forex brokers with reasonable trading conditions, excellent educational and analysis material XTB has developed an award-winning proprietary trading platform that goes beyond MT4 to offer clients easy-to-use functionality along with fast execution speeds.

    Pros

    • Well regulated
    • Tight spreads
    • Low minimum deposit
    • Good for beginners

    Cons

    • Limited platform choice
    Account Spread From Commission Execution Min. Deposit
    Islamic 0.28 pips $10.00 Instant USD 5 Account Details
    Pro 0.28 pips $7.00 Instant USD 5 Account Details
    Standard 0.35 pips None Instant USD 5 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    FCA FCA
    ASIC ASIC
    FSCA FSCA
    Trading Desk Type
    Trading Conditions
    11110.5
    Minimum Deposit
    USD 100
    Customer Support
    • Website Language: English
    • Support Language: English
    Trading Platforms

    IronFX, a brand of Notesco, was founded in 2010 with the goal of creating a trading company bringing together customized trading functionality, the widest suite of trading products, the best pricing, execution and liquidity.

    Regulated incomparably better than most brokerages including the ASIC, the FCA, CySEC and the FSCA, and offices in over 50 countries around the world and 30 languages spoken by customer service, IronFX has taken their product offering to a global audience.

    Pros

    • Well regulated
    • Tight spreads
    • Wide range of assets

    Cons

    • Expensive withdrawals
    Account Spread From Commission Execution Min. Deposit
    Live Fixed Spread 2.2 pips None Instant USD 100 Account Details
    Live Floating Spread 1.1 pips None Instant USD 100 Account Details
    Live Zero Spread 0.0 pips $18 Instant USD 500 Account Details
    STP/ECN No Commission 1.7 pips None ECN/STP USD 500 Account Details
    STP/ECN Zero Spread 0.0 pips $7.50 ECN/STP USD 500 Account Details

We pride ourselves on giving good advice, and we always put our readers first. When choosing partners, we do our research according to our review process which covers areas such as regulation, trading conditions, and the product offering.

We don't put just anyone up here. We put you first.

To pay the bills, and keep the lights on, we need a business model. That business model makes use of affiliate programs whereby we get a commission from partners featured on our website.

Our business model never influences our opinion of any partner, and the partner selection and review processes are separate. The compensation we receive from partners may affect how our lists are arranged, but the reviews are genuine, and the data is accurate. Our opinion can not be bought, and we always put our readers and their financial livelihoods first.

Open

How to use Neteller to Fund a Forex Trading Account

Before you use Neteller to fund your Forex trading account you will need to open and fund a Neteller eWallet.

Opening a Neteller eWallet is a simple process requiring only your name, email address and a password. Once you have opened the eWallet, you will need to fund it via your bank account, credit/debit card or epayment system.

Neteller works with many international banks and transfer methods, as well as the Visa payment system. All funding methods are charged at 2.5%, unless you deposit more than 20,000 USD, in which case all fees are waived.

Neteller Funding Options

Once you have a funded account, Neteller offers three methods of electronic payments via its eWallet

  1. Direct payments via the Neteller wallet (as is the case with most brokers)
  2. With the Net+ Mastercard (this can also be used for daily transactions)
  3. Via transfer to a verified bank account

The most common method of funding a trading account is via direct payment from your Neteller eWallet. You start this process on the Forex broker’s website, before being redirected to your Neteller eWallet to verify the transaction.

Neteller also offers the Net+ Mastercard, which functions exactly like a normal Mastercard debit card and is linked to your Neteller eWallet. This can be used as a normal debit card when funding your account if you prefer this method.

Advantages of Funding Your Trading Account with Neteller

There are three major advantages of using Neteller to fund your trading account:

  • Security: Neteller transactions are generally very secure, requiring 2-factor authentication.
  • Instant Funding: instant deposit and withdrawal that most brokers will support with Neteller transactions. This allows traders to instantly fund their accounts and make a trade if they spot a good opportunity.
  • Free Funding: In most cases (but not all) Forex brokers will not charge any fees for withdrawals or deposits made with Neteller.

Final Word

Neteller, and its stablemate Skrill, are the easiest and most efficient ways of funding a Forex trading account.

Most brokers will charge fees for bank transfers and credit/debit card payment and withdrawals. Even worse, deposits and withdrawals via bank transfer and credit/debit cards often takes a few days for brokers to process.

To avoid the fees and processing times, we recommend that all serious Forex traders use Neteller to fund their accounts.

Forex Risk Disclaimer

Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products. 

Forex and CFD transactions involve high risk due to the following factors: Over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss. (Learn more from the FCA or from ASIC)

Our Methodology

Our State of the Market Report and Broker Directory are the result of extensive research on over 100 Forex brokers. The explicit goal of these resources is to help traders find the best Forex brokers – and steer them away from the worst ones – with the benefit of accurate and up-to-date information.

With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal. 

In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from your perspective.

All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, websites and by sifting through the fine print. Learn more about how we rank brokers

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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