AuthorBy Chris Cammack
Updated: February 18, 2021

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.

Best Forex Brokers Accepting Neteller

Last updated on 18 Feb 2021
Updated 18 Feb 2021
by Editorial Director Chris Cammackby Chris Cammack
Chris Cammack
All Brokers Regulated
All Brokers Regulated
by Trusted Authoritiesby Trusted Authorities
Trusted
1
AvaTrade
Min. Deposit
USD 100
4.484.48
Min. Spread
0.90 pips
Fx Pairs
50+
Deposit & Withdrawal Methods
Overall Rating
11110.54.48/ 5
AlertAccepts Nigerian Clients. Average spread EUR/USD 0.90 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA.
2
IronFX
Min. Deposit
USD 50
4.194.19
Min. Spread
0 pips
Fx Pairs
85
Deposit & Withdrawal Methods
Overall Rating
11110.54.19/ 5
AlertAccepts Nigerian Clients. Average spread EUR/USD 0.2 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. Only MT4 platform supported. IronFX is regulated by CySEC, FCA, ASIC, and the FSCA - FSP:45276.
3
XM
Min. Deposit
USD 5
4.384.38
Min. Spread
0.60 pips
Fx Pairs
57
Deposit & Withdrawal Methods
Overall Rating
11110.54.38/ 5
AlertAccepts Nigerian Clients. Average spread EUR/USD 1.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the IFSC.
4
HotForex
Min. Deposit
USD 5
4.494.49
Min. Spread
0 pips
Fx Pairs
51
Deposit & Withdrawal Methods
Overall Rating
11110.54.49/ 5
AlertAccepts Nigerian Clients. Average spread EUR/USD 1 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. HF Markets Group regulated by the FSCA, FCA, FSC, CySEC and the DFSA.
5
FxPro
Min. Deposit
USD 100
4.244.24
Min. Spread
0.60 pips
Fx Pairs
70+
Deposit & Withdrawal Methods
Overall Rating
11110.54.24/ 5
AlertAccepts Nigerian Clients. Average spread EUR/USD 1.40 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5, cTrader and FxPro proprietary trading platform supported. FxPro Group is regulated by FCA, CySEC, FSCA, and the DFSA
6
MarketsX
Min. Deposit
USD 250
4.394.39
Min. Spread
0.60 pips
Fx Pairs
50+
Deposit & Withdrawal Methods
Overall Rating
11110.54.39/ 5
AlertAccepts Nigerian Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. MarketsX is regulated by CySEC, ASIC, and the FSCA.
7
Exness
Min. Deposit
USD 1
4.124.12
Min. Spread
0.10 pips
Fx Pairs
120
Deposit & Withdrawal Methods
Overall Rating
11110.54.12/ 5
AlertAccepts Nigerian Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 2000:1. Islamic account available. MT4 & MT5 platforms supported. Exness is regulated by CySEC, FCA, and the FSC.
8
FXTM
Min. Deposit
USD 10
4.374.37
Min. Spread
0.10 pips
Fx Pairs
59
Deposit & Withdrawal Methods
Overall Rating
11110.54.37/ 5
AlertAccepts Nigerian Clients. Average spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. Max leverage Flexible. Islamic account available. MT4 & MT5 platforms supported. Leverage offered can vary depending on country of residence, and your trading knowledge and experience. FXTM is regulated by CySEC, FCA, FSCA, and the FSC.
9
IC Markets
Min. Deposit
USD 200
4.464.46
Min. Spread
0.10 pips
Fx Pairs
60
Deposit & Withdrawal Methods
Overall Rating
11110.54.46/ 5
AlertAccepts Nigerian Clients. Average spread EUR/USD 0.10 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. IC Markets is regulated by CySEC and ASIC.
10
XTB
Min. Deposit
USD 5
4.144.14
Min. Spread
0.80 pips
Fx Pairs
49
Deposit & Withdrawal Methods
Overall Rating
11110.54.14/ 5
AlertAccepts Nigerian Clients. Average spread EUR/USD 0.50 pips on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & xStation platforms supported. XTB Group is regulated by CySEC, FCA and the IFSC

    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

    References

    Featured Brokers

    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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