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 MT4/5, cTader, TradingView and Pepperstone proprietary platform.
Best Neteller Brokers Comparison
| | | | | |
Regulators | CMA, FCA, FSC Mauritius, FSCA | ASIC, CMA, 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 | 1.2 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 | 1.4 pips |
Average Trading Cost Gold | $0.18 | $0.16 | $0.90 | $0.29 | $0.15 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, cTrader, Trading View | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ | Other, MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Trading View+ |
Islamic Account | |||||
Negative Balance Protection | N/A | N/A | |||
| Visit Website | Visit Website | Visit Website | Visit Website | Get Started Visit Website75-95% of traders on margin lose |
FXTM
In Summary Best all-around broker with high floating leverage and fast executionFXTM offers ultra-low fees featuring raw spreads from 0.0 pips for a commission between $0.80 and $4.00 per 1.0 round lot in the Advantage account. It deploys cutting-edge price improvement technology that lowers costs by an average of $3.00 per round lot, applicable on 97.18% of trades. Traders benefit from excellent order execution with average execution times of 0.071 seconds.
Neteller deposits start from $5 with instant processing and withdrawals from $1 with 24-hour processing times. Transactions are commission-free, and the supported currencies are USD, EUR, GBP, NGN, and INR, making FXTM one of the best Neteller Forex brokers.
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
- Limited choice of commodities
FP Markets
In Summary ECN trading with leverage up to 1:500FP Markets supports Neteller deposits and withdrawals in AUD, CAD, CHF, EUR, GBP, JPY, INR, BRL, SGD, and USD. No deposit fees apply, and MT4/MT5 traders get instant processing times, while traders using the IRESS trading platform must wait one business day. Withdrawal fees are 1% up to $30 per $45,000 transaction plus country fees if applicable, and withdrawal processing times are one business day. Therefore, I rate FP Markets among the best Neteller Forex brokers.
Traders benefit from competitive trading fees, a well-balanced asset selection, including cryptocurrencies, ETFs, and bonds, and a choice of copy trading services.
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 hedgingI rank BlackBull Markets among the best Neteller Forex brokers as it maintains an ultra-competitive ECN trading environment with low, commission-based ECN accounts featuring trading fees as low as $4.00 per lot. The 66+ third-party providers ensure deep liquidity and an average order execution speed of less than 75 milliseconds. BlackBull Markets provides institutional-grade trading conditions with Equinix servers located in New York (NY4), London (LD5), and Tokyo (TY3).
Neteller deposits are commission-free with instant approval and minimum and maximum transactions between $50 and $50,000. The minimum withdrawal amount is $50, with no maximum, and a $5 withdrawal fee applies.
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 offers MT4/MT5, the proprietary WebTrader and mobile app AvaTradeGO with Trading Central, specialized platforms Ava Option and Ava Social, and third-party copy trading providers DupliTrade and ZuluTrade. The well-balanced asset selection includes options, ETFs, and cryptocurrencies, and AvaTrade has reasonable commission-free Forex costs from 0.9 pips or $9.00 per 1.0 lot. Therefore, I consider AvaTrade among the best Neteller Forex brokers on my listing.
Beginners receive the MT4 Guardian Angel plugin and the fee-based Ava Protect insurance policy protecting against trading losses. Neteller transactions have a minimum $100 (or currency equivalent) transaction size with approval within 24 hours.
Pros & Cons
- High quality educational offering via AvaAcademy
- 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 MT4/5, cTader, TradingView and Pepperstone proprietary platformTraders benefit from Capitalise AI, enabling algorithmic trading in a code-free environment, placing Pepperstone highly on my best Neteller Forex brokers listing. Pepperstone also features low, commission-based trading fees of raw spreads from 0.0 pips for a commission of $7.00 per 1.0 lot with a multi-tier, volume-based rebate program. The well-balanced asset selection of 1,500+ assets includes Forex, Forex indices, cryptocurrencies, and ETFs.
Pepperstone maintains deep liquidity pools and NDD order execution, resulting in ultra-fast order execution with average execution speeds of 30 milliseconds. Besides MT4/MT5, Pepperstone offers TradingView and its mobile trading app. Neteller transactions include same-day processing.
Pros & Cons
- Excellent choice of trading platforms consisting of MT4/MT5, cTrader, TreadingView and Pepperstone Platform
- Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
- Social trading support via Signal Start, MetaTrader Signals, Copy Trading by Pepperstone, DupliTrade
- Leverage of up to 1:400 depends on jurisdiction and superb trade execution
- Demo accounts have 60-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.
You might also be interested in reviewing the below top brokers:
