Many Forex brokers accept Neteller as a payment option along with credit cards, bank wires and other methods. the fees are considerably low & payments are made instantly. Below we have gathered the list of the top-rated Neteller Forex brokers, to assist you in making a wise choice.
- FXTM, Best all-around broker with high floating leverage and fast execution.
- FP Markets, ECN trading with leverage up to 1:500.
- BlackBull Markets, Best ECN trading environment, with scalping and hedging.
- AvaTrade, Highly regulated, choice of fixed or floating spreads.
- Pepperstone, Great ECN execution on MT4 platform.
Best Neteller Brokers Comparison
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Regulators | CMA, CySEC, FCA, FSC Mauritius, FSCA | ASIC, CySEC, FSCA | FMA, FSA | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
Year Established | 2011 | 2005 | 2014 | 2006 | 2010 |
Execution Type(s) | ECN/STP, Market Maker | ECN/STP | ECN/STP, No Dealing Desk | Market Maker | No Dealing Desk, NDD |
Minimum Deposit | |||||
Average Trading Cost EUR/USD | 0.1 pips | 1.1 pips | 1.3 pips | 0.9 pips | 1.1 pips |
Average Trading Cost GBP/USD | 0.2 pips | 1.4 pips | 2.0 pips | 1.5 pips | 1.6 pips |
Average Trading Cost Gold | $0.18 | $0.21 | $0.90 | $0.29 | $0.20 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, Trading View | Other, MetaTrader 4, MetaTrader 5, Web-based+ | MetaTrader 4, MetaTrader 5, cTrader, Trading View |
Islamic Account | |||||
Negative Balance Protection | N/A | ||||
| Visit Website | Visit Website | Visit Website | Visit Website | Visit Website |
FXTM
In Summary Best all-around broker with high floating leverage and fast executionFXTM, or ForexTime as it is more generally known, is a renowned currency trading corporation with offices in the United Kingdom, Mauritius, and Cyprus. Users can buy and sell currencies, oil, precious metals like silver and gold, and other assets using FXTM's capability. This provides traders of all skill levels with the opportunity to profit and the potential to become world-class traders. In South Africa, Cyprus, Mauritius, and the United Kingdom, the corporation is regulated. FXTM was licensed in the United Kingdom, which meant it had a license from the prestigious Financial Conduct Authority.
Pros & Cons
- Excellent commission-based Forex pricing environment and transparency
- Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
- Quality market research and educational content for beginner traders
- A highly regulated broker with a tier-1 license
- No cryptocurrencies and limited choice of commodities
FP Markets
In Summary ECN trading with leverage up to 1:500fpmarkets is an ASIC-regulated Australian brokerage which launched in 2005. For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. fpmarkets offers an unusual hybrid ECN/STP execution model, meaning their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.
Pros & Cons
- Choice of trading platforms and auxiliary trading tools
- Very competitive cost structure and excellent asset selection
- Low minimum deposit requirement and leverage of up to 1:500
- Well-regulated and trustworthy
- Availability of Iress geographically restricted
BlackBull Markets
In Summary Best ECN trading environment, with scalping and hedgingBlackBull Markets was founded in 2014 and is based in New Zealand. While this forex broker could still be considered somewhat of a young company with only 7 years in the industry, one would never think this if you looked at their operation. BlackBull Markets offers traders with all levels of experience a very enjoyable platform that places emphasis on UX and UI – something that some older trading platforms are sorely lacking. As far and security, trustworthiness, and reliability is concerned, the forex broker is certified and regulated by both the New Zealand Financial Markets and the Seychelles Financial Services Authority.
Pros & Cons
- ECN/NDD execution model with deep liquidity
- Institution-grade pricing for retail traders via proprietary price aggregation
- ZuluTrade and Myfxbook for social trading
- Leverage of up to 1:500
- Limited deposit options
AvaTrade
In Summary Highly regulated, choice of fixed or floating spreadsAvaTrade is an Irish based forex brokers that are among the best and most trusted brokers in the world. Thanks to their educational partner SharpTrader, they provide new traders with the resources to educate themselves and make informed decisions in terms of buying and selling assets. The company offers traders a selection of over 50 currencies, 16 cryptos, 27 metals and commodities, over 30 index CDFs, more than 600 equity CDFs, and much more. AvaTrade is overseen by 8 regulators, namely the CBI, the FSC, the ASIC, the FSCA, the FSA, the FFA, the ADGM, and the ISA.
Pros & Cons
- High-quality educational offering via SharpTrader
- Excellent choice of trading platforms catering to various trading needs
- Broad asset selection and cross-asset diversification opportunities
- Well-regulated and trusted broker with oversight from a central bank
- Trading costs competitive but nothing special
Pepperstone
In Summary Great ECN execution on MT4 platformPepperstone, founded in 2010 and headquartered and regulated in Australia, the U.K., and Dubai, is probably the most well-known ECN Forex broker in the world. As an ECN broker, Pepperstone offer raw spreads and low commissions. Taken together, Pepperstone’s “Razor” account offers one of the most competitive costs of trading in Forex that you will find anywhere. In addition to their global headquarters in Australia, Pepperstone also have presences in London, England, where they enjoy full regulation by the Financial Conduct Authority (FCA), and in Dubai, where they are regulated by the Dubai Financial Services Authority (DFSA).
Pros & Cons
- Excellent choice of trading platforms consisting of MT4/MT5, and cTrader
- Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
- Social trading support via Myfxbook, MetaTrader Signals, and DupliTrade
- Leverage of up to 1:30 and superb trade execution
- Demo accounts have 30-day time limits
The Neteller payment system is an online payment processor that allows deposits and withdrawals at a lower fee structure and faster transaction times than wire transfers typically take. This payment system has become very important to many traders who are looking for the best Neteller Forex broker that can deal effectively with deposits and withdrawals through the payment system. We have reviewed every significant Forex broker which uses Neteller and presented our detailed findings below so you can choose the best broker to use with Neteller.
Traders should know the exchange rate offered by Neteller at any time before using it to deposit money from their bank in one currency, then depositing to their Neteller Forex brokers in another currency. Presently, Neteller will levy an additional 4.49% to the average daily interbank market rate. Frequent transactions and micro-transactions can swiftly result in high fees.
Why Choose Neteller?
Neteller states its regular fee for sending money at 1.45% with a minimum of $0.50. This will increase to 2.99% from June 26th, 2021. Sending money to a merchant, for example, a Forex broker, is free of charge for the sender, as the merchant covers the costs. On their website, Neteller lists 39 deposit methods with a deposit cost of 2.50%. Neteller also supports cryptocurrency transactions, costing between $0.99 and 1.50% per transaction. PSP transfers face a 0.50% fee, but since more Forex brokers offer direct cryptocurrency deposits, traders wishing to use them should transfer from their wallets to the Forex broker, where blockchain fees will be lower, in most cases, compared to Neteller. The deposit costs at credit/debit cards are often 0% if provided by the same bank used for regular banking.
Deposits can be made through Neteller of a minimum of only $5 or other currency equivalent.
If after checking fees you decide that Neteller is not for you after all, check out our research on the best all-round Forex brokers worth considering.
Broker-Related Neteller Issues
It is best to dedicate one payment processor for Forex trading, which makes oversight of costs and tax-related matters transparent. An added benefit may be gained by using the Net+ card, although it is regrettably geographically restricted. The card allows traders to use their profit without the need to withdraw to a bank. It functions the same as a debit card issued by a bank.
Neteller Forex Brokers' Trading Conditions
Now that you have considered Neteller-related issues, you can consider what the broker has to offer. Is the cost of trading there competitive or not? Check spreads, commissions, and other incidental fees. Traders who are planning to keep trades open over the New York rollover at the end of the trading day there should also consider the overnight swaps typically offered. Unfortunately, some brokers abuse this typically “hidden” fee.
Finally, examine the “nice to have” elements, such as the range of tradable instruments, quality of customer support, and trading platforms. Going through the process in this order should ensure you end up opening an account with the best Neteller-friendly Forex broker for you.
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