75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website you agree to our Terms of Service.

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.

  • AvaTrade - Most Trusted Broker
  • XM - Best Trading Conditions
  • HFM - Best Trading Platforms
  • FxPro - Most Assets Available
  • Exness - Best Education
English

Best Forex Brokers Accepting Neteller

Last updated on June 17, 2021
Updated June 17, 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
4.594.59
AvaTrade
4.59 /5
Read Review
Visit Broker >
76% of retail CFD accounts lose money
USD 100
30:1
Excellent
0.90 pips
USD 9
0.90 pips
872
55
Avatrade Social
AvaOptions
AlertAccepts Filipino Clients. Average spread EUR/USD 0.90 pips 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
XM
Min. Deposit
USD 5
4.454.45
XM
4.45 /5
Read Review
Visit Broker >
75.33% of retail CFD accounts lose money
USD 5
1000:1
Excellent
0.60 pips
USD 6
0.60 pips
1554
57
AlertAccepts Filipino Clients. Average spread EUR/USD 0.60 pips pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the Belize FSC.
3
HFM
Min. Deposit
USD 0
4.534.53
HFM (HotForex)
4.53 /5
Read Review
Visit Broker >
72.90% of retail CFD accounts lose money
801701
USD 0
2000:1
Excellent
1.00 pips
USD 10
0.10 pips
1230
53
HFM Trading App
AlertAccepts Filipino Clients. Average spread EUR/USD 1.00 pips pips on trading account with lowest minimum deposit. Max leverage 2000:1. Islamic account available. MT4 & MT5 platforms supported. HF Markets Group regulated by the FSCA, FCA, FSC, CySEC and the DFSA.
4
FxPro
Min. Deposit
USD 100
4.394.39
FxPro
4.39 /5
Read Review
Visit Broker >
71.58% of retail CFD accounts lose money
509956
USD 100
30:1
Excellent
1.40 pips
USD 14
0.40 pips
2241
70
FxProEdge
AlertAccepts Filipino Clients. Average spread EUR/USD 1.40 pips 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
5
Exness
Min. Deposit
USD 3
4.324.32
Exness
4.32 /5
Read Review
Visit Broker >
71.67% of retail CFD accounts lose money
730729
USD 3
Unlimited:1
Standard
0.70 pips
USD 7
0 pips
221
100
Exness Terminal
AlertAccepts Filipino Clients. Average spread EUR/USD 0.70 pips pips on trading account with lowest minimum deposit. Max leverage Unlimited:1. Islamic account available. MT4 & MT5 platforms supported. Exness is regulated by CySEC, FCA, and the FSC.
6
IC Markets
Min. Deposit
USD 200
4.564.56
IC Markets
4.56 /5
Read Review
Visit Broker >
70.81% of retail CFD accounts lose money
USD 200
30:1
Excellent
0.10 pips
USD 8
0.02 pips
1744
64
TradingView
AlertAccepts Filipino Clients. Average spread EUR/USD 0.10 pips 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, ASIC, and the FSA.
7
XTB
Min. Deposit
USD 0
4.394.39
XTB
4.39 /5
Read Review
Visit Broker >
78% of retail CFD accounts lose money
522157
USD 0
30:1
Excellent
0.70 pips
USD 7
0.70 pips
5211
57
xStation5
AlertAccepts Filipino Clients. Average spread EUR/USD 0.70 pips 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
8
IronFX
Min. Deposit
USD 50
3.643.64
IronFX
3.64 /5
Read Review
Visit Broker >
75.35% of retail CFD accounts lose money
585561
USD 50
1000:1
Standard
2.20 pips
USD 22
0.00 pips
285
83
AlertAccepts Filipino Clients. Average spread EUR/USD 0.00 pips 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.

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.

All FSCA Forex Brokers Accepting Neteller

These are the South African FSCA-regulated Forex brokers which accept Neteller. 

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Broker Score
FSP #
Regulators
Min. Deposit
Cost of Trading
Office Locations
Compare
Official Site
4.68 /5
Read Review
46860
FCA Regulated Brokers
CySEC Regulated Brokers
ASIC Regulated Forex Brokers
British Virgin Islands Financial Services Commission
USD 100
USD 7
Australia, United Kingdom, Cyprus, South Africa
Visit Broker >
70.3% of retail CFD accounts lose money
4.59 /5
Read Review
45984
ASIC Regulated Forex Brokers
CySEC Regulated Brokers
Central Bank of Ireland
Financial Regulatory Services Authority
USD 100
USD 9
Australia, Ireland, South Africa, Japan, British Virgin Islands, UAE
Visit Broker >
76% of retail CFD accounts lose money
4.58 /5
Read Review
49464
CySEC Regulated Brokers
FCA Regulated Brokers
FSCA Regulated Forex Brokers
Dubai Financial Services Authority
USD 100
USD 4
Seychelles, Cyprus, Malaysia, United Kingdom, South Africa
Visit Broker >
71% of retail CFD accounts lose money
4.45 /5
Read Review
46632
CySEC Regulated Brokers
FCA Regulated Brokers
Dubai Financial Services Authority
Financial Services Commission
USD 0
USD 6
United Kingdom, Cyprus
Visit Broker >
72.83% of retail CFD accounts lose money
4.45 /5
Read Review
49977
CySEC Regulated Brokers
ASIC Regulated Forex Brokers
Dubai Financial Services Authority
FSCA Regulated Forex Brokers
USD 5
USD 6
Cyprus, Australia, Belize
Visit Broker >
75.33% of retail CFD accounts lose money
4.43 /5
Read Review
49835
FCA Regulated Brokers
ASIC Regulated Forex Brokers
CySEC Regulated Brokers
Financial Services Agency
USD 0
USD 11
South Africa, United Kingdom, Australia
Visit Broker >
71.89% of retail CFD accounts lose money
4.40 /5
Read Review
50926
ASIC Regulated Forex Brokers
CySEC Regulated Brokers
FSCA Regulated Forex Brokers
Capital Markets Authority
AUD 100
USD 7
Australia, Kenya, Cyprus, Mauritius, Bahamas, South Africa
Visit Broker >
79% of retail CFD accounts lose money
4.39 /5
Read Review
45052
FCA Regulated Brokers
CySEC Regulated Brokers
FSCA Regulated Forex Brokers
Dubai Financial Services Authority
USD 100
USD 14
United Kingdom, Cyprus, Bahamas
Visit Broker >
71.58% of retail CFD accounts lose money
4.37 /5
Read Review
Financial Services Commission
The Seychelles Financial Services Authority
FSCA Regulated Forex Brokers
Mwali International Services Authority
USD 10
USD 13
Mauritius, Seychelles
Visit Broker >
N/A of retail CFD accounts lose money
4.37 /5
Read Review
46614
FCA Regulated Brokers
FSCA Regulated Forex Brokers
Financial Services Commission
Capital Markets Authority
USD 10
USD 15
United Kingdom, Cyprus, Belize
Visit Broker >
81% of retail CFD accounts lose money
4.37 /5
Read Review
CySEC Regulated Brokers
FSCA Regulated Forex Brokers
Mwali International Services Authority
USD 25
USD 6
St. Lucia, Comoros Union, Cyprus, South Africa
Visit Broker >
67.65% of retail CFD accounts lose money
4.35 /5
Read Review
FCA Regulated Brokers
FSCA Regulated Forex Brokers
ASIC Regulated Forex Brokers
Cayman Islands Monetary Authority
USD 50
USD 6
Australia, United Kingdom, South Africa, Vanuatu, Cayman Islands
Visit Broker >
of retail CFD accounts lose money
4.33 /5
Read Review
50885
CySEC Regulated Brokers
ASIC Regulated Forex Brokers
FSCA Regulated Forex Brokers
International Financial Services Commission
USD 5
USD 7
Cyprus, Belize, Australia, South Africa
Visit Broker >
76% of retail CFD accounts lose money
4.32 /5
Read Review
51024
FSCA Regulated Forex Brokers
Capital Markets Authority
British Virgin Islands Financial Services Commission
Financial Services Commission
USD 3
USD 7
United Kingdom, Seychelles, Curacao, British Virgin Islands, South Africa, Kenya, UK, Cyprus
Visit Broker >
71.67% of retail CFD accounts lose money
4.30 /5
Read Review
49846
FSCA Regulated Forex Brokers
ASIC Regulated Forex Brokers
FCA Regulated Brokers
Securities Commission of the Bahamas
ZAR 1000
USD 6
South Africa
Visit Broker >
of retail CFD accounts lose money
4.28 /5
Read Review
46534
FCA Regulated Brokers
ASIC Regulated Forex Brokers
CySEC Regulated Brokers
Financial Services Authority – St. Vincent & the Grenadines
USD 50
USD 13
South Africa, Australia, United Kingdom
Visit Broker >
67% of retail CFD accounts lose money
4.03 /5
Read Review
50506
Securities Commission of the Bahamas
FCA Regulated Brokers
Financial Services Commission
FSCA Regulated Forex Brokers
GBP 1
USD 8
Bahamas, United Kingdom
Visit Broker >
83.14% of retail CFD accounts lose money
3.93 /5
Read Review
48896
FSCA Regulated Forex Brokers
The Seychelles Financial Services Authority
USD 5
USD 14
South Africa, Seychelles
Visit Broker >
N/A of retail CFD accounts lose money
3.69 /5
Read Review
49288
FSCA Regulated Forex Brokers
USD 5
USD 18
South Africa
Visit Broker >
Your capital is at risk
3.64 /5
Read Review
45276
CySEC Regulated Brokers
FCA Regulated Brokers
ASIC Regulated Forex Brokers
FSCA Regulated Forex Brokers
USD 50
USD 22
Cyprus, United Kingdom, South Africa, Australia
Visit Broker >
75.35% of retail CFD accounts lose money
3.52 /5
Read Review
47857
CySEC Regulated Brokers
FCA Regulated Brokers
FSCA Regulated Forex Brokers
USD 100
USD 19
Cyprus
Visit Broker >
71.36% of retail CFD accounts lose money
2.80 /5
Read Review
50130
FSCA Regulated Forex Brokers
USD 100
USD 32
South Africa
Visit Broker >
N/A of retail CFD accounts lose money

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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