| Updated: September 1, 2025As the forex trading sphere continues to grow, an increasing number of individuals are looking to dip their toes into the global currency markets. If you, too, are keen to give forex trading a try, you might consider choosing a broker that supports Neteller transactions.
Neteller is a digital payment service, known as an e-wallet, that serves as a reliable way to fund trading accounts and withdraw funds. The appeal of Neteller lies in its widespread availability, robust security and swift transaction speeds. We encourage you to continue reading if you are interested in learning more about Neteller and some of the top-tier brokers that are suitable for Neteller users.
Below you can find a list of forex brokers that accept Neteller:
Top 7 Forex Brokers with Neteller
-
Global Prime
- Australia regulated broker
- Advanced MT4
- $0 Minimum Account Size
Trading InstrumentsDeposit Methods- Commodities CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
-
Fusion Markets
- Australia regulated broker
- MT4, MT5, TradingView, Ctrader
- Leverage up to 500
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
-
Axi
- Raw spreads start from 0.0 pips
- Offers order execution faster than standard ECN model
- Axi Select Funded Trader Program offers funding up to $1 million
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
-
Plus500
- Multi-Level Regulated Broker
- Proprietary trading platforms
- Easy to use mobile app
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- ETF CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Share CFDs
- Stock CFDs
- US Stock CFDs
-
eToro
- Popular broker for social trading
- Trading is conducted on innovative in-house platform
- Offers both investing and trading products
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- ETF CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Share CFDs
- Stock CFDs
- US Stock CFDs
-
FxPro
- NDD broker offering deep liquidity and ultra-fast execution
- Over 99% instant order executions with no requotes
- Supports MT4, MT5, cTrader, and a proprietary platform
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
-
ActivTrades
- Winner of 20+ Global Awards
- MT4/MT5, TradingView
- Leverage up to 1:400
Trading InstrumentsDeposit Methods- Bonds CFDs
- Commodities CFDs
- Crypto CFDs
- ETF CFDs
- Forex CFDs
- Indices CFDs
- Share CFDs
Brokers Compared by Spread
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| Global Prime |  |
$0 |
| Fusion Markets | |
$0 |
| Axi | |
$0 |
| Plus500 | |
$100 |
| eToro | |
$50 or $100 based on country ($10 for the UK) |
| FxPro | |
$100 |
| ActivTrades | |
$0 |
Forex Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| Global Prime |  |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC) |
| Fusion Markets | |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC | Retail Account) |
| Axi | |
1:500 (Elite Account), 1:400 (Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:30 (DFSA | Retail Account), 1:30 (FCA | Retail Account), 1:500 (SVGFSA) |
| Plus500 | |
1:300 (Pro Account), 1:30 (ASIC | Retail Account), 1:30 (BaFin | Retail Account), 1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account), 1:30 (FMA | Retail Account), 1:30 (SFSA | Retail Account), 1:30 (DFSA), 1:300 (FSAS), 1:20 (MAS), 1:300 (SCB) |
| eToro | |
1:400 (CySEC | Pro Account), 1:30 (CySEC | Retail Account), 1:400 (FSAS | Retail Account) |
| FxPro | |
1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account), 1:10000 (SCB | Retail Account) |
| ActivTrades | |
1:400 (CMVM | Pro Account), 1:30 (CMVM | Retail Account), 1:1000 (FSC), 1:200 (SCB) |
Forex Brokers Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| Global Prime | |
MetaTrader 4 |
| Fusion Markets | |
cTrader, MetaTrader 4, MetaTrader 5, TradingView |
| Axi | |
MetaTrader 4 |
| Plus500 | |
Proprietary Mobile, Proprietary Web |
| eToro | |
Proprietary |
| FxPro | |
cTrader, MetaTrader 4, MetaTrader 5 |
| ActivTrades | |
MetaTrader 4, MetaTrader 5, Proprietary Web, TradingView |
Comprehensive Comparison of the Best Forex Brokers with Neteller
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
$0 |
|
AVG 0.96 pips |
|
|
 |
$0 |
|
AVG 0.93 pips |
|
|
 |
$0 |
|
AVG 0.1 pips |
|
|
 |
$100 |
|
AVG 1.3 pips |
|
|
 |
$50 or $100 based on country ($10 for the UK) |
|
AVG 1 pips |
|
|
 |
$100 |
|
AVG 0.5 pips |
|
|
 |
$0 |
|
AVG 0.5 pips |
|
What Is Neteller and Is It a Viable Option for Deposits and Withdrawals at Forex Brokers?
Neteller is a pioneering e-wallet that has revolutionised the way individuals manage their online transactions, particularly in the realm of forex trading. Launched in 1999, it now serves as a secure, efficient and convenient platform for online payments. Thanks to its user-friendly interface, robust security features and versatility, Neteller has become an indispensable tool for many forex enthusiasts.
One of the primary advantages of using Neteller is its transaction speed, allowing traders to fund their accounts quickly and easily and start trading without delay. This is particularly important in the fast-paced world of forex, where market conditions can change rapidly.
Moreover, the e-wallet supports a wide range of currencies and facilitates swift deposits when it comes to topping up one’s trading account. It is also suitable for cash-outs, which is another major plus.
As Neteller is a wallet that itself needs to have its balance topped up, traders will be pleased to learn that a wide range of funding options is available, including bank transfers, bank cards and digital wallets. Withdrawing money from Neteller is also facilitated by various payment solutions.
Finally, Neteller’s user-friendly mobile interface and standalone app enable traders to manage their accounts on the go, providing a high level of flexibility and convenience.
How to Deposit into a Trading Account with Neteller?
When it comes to online trading, forex enthusiasts seek to manage their funds with reliable and efficient banking solutions. Neteller provides just that, and many reputable online trading brokers have integrated Neteller into their payment systems, allowing traders to deposit money quickly and easily. To initiate a deposit into a trading account using Neteller, you can follow the steps outlined below:
- First, a trader must create a Neteller account, which involves providing basic personal and financial information. After account verification, traders can proceed to fund their Neteller wallet using a variety of payment methods.
- Once the Neteller balance has been topped up, traders can navigate to their trading account and select Neteller as the preferred deposit method.
- After specifying how much they wish to deposit, they will be redirected to the Neteller website.
- All that remains is to confirm the transaction. A trader’s funds are usually credited to their trading account swiftly, enabling them to commence trading activities without delay.
Beyond the process itself, traders should also pay attention to some additional considerations. Specifically, they ought to review the deposit requirements and guidelines of their chosen broker and familiarise themselves with Neteller’s own terms and any potential fees.
How to Withdraw from a Trading Account with Neteller?
Certain payment methods are deposit-only, which can be frustrating for forex traders. Those who find themselves using such a method will need to withdraw via slower options such as bank transfers.
Thankfully, Neteller is not one of these financial solutions. Neteller is withdrawal-friendly, and the vast majority of brokers that support Neteller deposits also allow their clients to request withdrawals via Neteller. Here is a summary of the Neteller cash-out process:
- Access your forex broker account using your username and password and navigate to the withdrawal section.
- Select Neteller from the available cash-out solutions and specify how much you wish to withdraw. Then confirm that you intend to proceed.
- You will then be prompted to enter your Neteller details, namely your email and password.
- Check the withdrawal details, including the amount and any applicable fees, before confirming the transaction.
- Wait for the withdrawal to be processed. The time required will depend on your broker of choice, though many brokers aim to process transactions within 48 hours. Once completed, the funds will be transferred to your Neteller account.
As with deposits, it is advisable to consider any potential fees that may apply. Both your broker and Neteller itself may attach costs to withdrawals.
Neteller Fees and Limits
Like most financial solutions, using Neteller to trade forex comes with its own set of costs, and limits may also be imposed. As these factors can significantly affect a trader’s risk tolerance, it is crucial to understand the fees and limits before making Neteller your go-to payment option for forex trading.
Fees Associated with the Neteller Digital Wallet
As established, there are costs associated with Neteller itself. First and foremost, depositing into one’s Neteller account usually involves a fee, with the typical rate being 2.5%. There are a few exceptions:
- BitPay: 2%
- Bank Transfer: 0-1%
- MB WAY: 0%
- PagoEfectivo: 1%
- PayCO: 0-25%
- Paysafecard: 0-5%
Traders are also charged for withdrawals, with some cash-out solutions involving flat fees, while others are percentage-based:
- Bank Transfer: $10
- Crypto: 2%
- MasterCard and Visa: 0-3.99%
- Member Wire: 12.75%
- Merchant Sites: 0%
- Money Transfer: 2.99% ($0.50 minimum fee)
- Net+ Prepaid Mastercard: 0-1.75%
- Skrill: 3.49%
Bear in mind that the above charges will be lower if your Neteller account level is higher than Standard. In addition, there is an inactivity fee of $5 to consider.
Fees and Limits Imposed by Forex Brokers
Forex brokers that support Neteller transactions often have a complex fee structure, which may include deposit fees, withdrawal fees and other charges. These fees can vary significantly between brokers. Additionally, some brokers may waive deposit fees for Neteller transactions but charge a fee for withdrawals, which can be a flat fee or a percentage-based fee. If you are unsure about your broker’s charges, you can always get in touch with the customer support team for further details.
Other fees tied directly to the broker are the trading costs, the main ones being:
- The Spread: This is the difference between the bid and ask price of a financial instrument. Forex spreads can fluctuate and differ greatly from broker to broker, and they also depend on what exactly you are trading. Major pairs like EUR/USD, for instance, often have spreads of under 1 pip, but minors and exotics tend to have relatively wide spreads.
- Commissions: These costs may apply on top of the spread, particularly if you opt for a broker’s “zero-spread” account. You might be exempt from such fees if you open a standard account with your broker of choice, as the costs may instead be built into the spread.
- Rollover Fees: Holding a position overnight will typically result in additional charges.
As for the limits, these refer to the caps brokers may impose on deposits and withdrawals. Many also require traders to meet minimum deposit or withdrawal thresholds. Minimum deposits can range from $0 to over $200 for standard accounts, while account types intended for professionals or more experienced traders carry significantly higher requirements.
Security of Neteller Transactions
When engaging in forex trading using Neteller, a paramount concern is the security of transactions and one’s personal data. Neteller utilises Secure Sockets Layer (SSL) encryption to protect data transmissions, as well as other advanced technologies. The company’s dedication to security is also reflected in its compliance with strict industry standards such as PCI-DSS and ISO 27001.
Neteller’s systems are regularly audited to identify and address any potential vulnerabilities. Its security team works closely with industry experts to stay ahead of emerging threats. In addition, Neteller provides two-factor authentication, which verifies that the person attempting to log in is indeed the account holder. The company also offers 24/7 customer support.
Traders who are hesitant to share their bank details when trading online will appreciate the fact that no such information is required when they use Neteller. Instead, they need only log in to their Neteller account.
FAQs
What are the caveats of using Neteller for forex trading?
Neteller’s biggest drawback is the fees involved. As discussed, managing one’s Neteller balance usually incurs both deposit and withdrawal fees, on top of the charges levied by your broker and whichever payment solution you use to fund your Neteller account.
Can I use Neteller for forex trading with any broker?
While many forex brokers accept Neteller, not all of them include it among their accepted deposit and withdrawal solutions. It is therefore essential to check which payment methods a broker supports.
When will I be charged an inactivity fee?
Neteller’s own inactivity fee applies when your account has been dormant for six months. As for similar charges at forex brokers, the timeframe tends to vary. Some brokers, for example, apply such a fee when the user has not executed any orders for 12 months. Do note, however, that there are plenty of brokers that do not charge a dormancy fee at all.
Can I use Neteller for forex trading on my mobile device?
Yes. A broker’s supported banking methods generally do not vary across platforms. Moreover, Neteller itself offers a mobile app that allows users to manage their accounts and make transactions on the go.
What currencies are supported by Neteller?
Neteller supports a wide range of currencies, including but not limited to EUR, AUD, INR, USD, GBP and PHP. However, the currency you are able to use will depend on where you reside.
Conclusion
All in all, Neteller serves as an excellent deposit and cash-out solution for many forex enthusiasts. With its swift payment processing and robust security features, the payment method is considered highly reliable. It is also relatively easy to use and widely accepted across the online trading industry.
Why You Should Trust RationalFX
When it comes to making informed decisions about forex brokers, it's essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2,500 reviews on Trustpilot, boasting a score of 4.2, it's clear that Rational FX has built a reputation for providing reliable and unbiased information.
What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker's service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at feedback@rationalfx.com or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.