When exploring forex broker deposit options, you must have come across the name Neteller in e-payment services. Together with Skrill, Neteller is one of the most recognized e-payments offered by forex brokers. Why can it be so well-known? What are some examples of forex brokers that provide deposits via Neteller?

Neteller at a Glance

Neteller is a provider of electronic money transfer services that can connect users from different countries. The services are available for individual clients or companies that work online, such as social media users, forex brokers, virtual merchants, and many more. This e-payment is one of the most experienced and has a long history.

First appearing in 1999, Neteller was initially managed by Paysafe Group from Canada. But in 2004, the global payments company moved its headquarters to the Isle of Man. As a company that serves cross-border financial transactions, Paysafe Group has been authorized by the Financial Conduct Authority (FCA).

In 2015, Paysafe Group surprised many by acquiring Skrill, one of its main competitors in the electronic payment industry. Skrill itself is a well-known company with established markets in hundreds of countries. The 1.1 billion Euros acquisition allowed Paysafe Group to expand its services to more countries around the world.

Which Brokers Offer Deposits via Neteller?

For new traders who are interested in trying Neteller or those of you who already have a Neteller account, here are some recommendations to consider:

FBS

At FBS broker, deposits via Neteller can be made starting from $10, without commission, and are processed instantly with a maximum deposit of up to $100,000.

FBS is a popular forex broker that is widely known globally. Apart from the ease of payment with e-payments like Neteller, this broker also provides flexible trading conditions with spreads starting from 0.7 pips and deposits as low as $5. Traders can also get leverage of up to 1:3000 and more than 500 trading instruments.

Exness

In addition to wire transfers and a number of cryptocurrencies, Exness also facilitates deposits via Neteller. Here, the minimum transaction for deposits starts from $10 while the maximum amount is $50,000. Traders do not need to wait long for completing the transaction because the processing time is instant. More importantly, there are no fees or additional charges when depositing via Neteller.

In addition to Neteller, Exness also provides e-payment deposits through Skrill, Perfect Money, and SticPay. This broker customizes the choice of payment methods according to the client's country automatically. Therefore, the option to deposit via Neteller may not appear in clients' personal areas from certain countries.

IC Markets

This Australian-based broker also provides deposits via Neteller. In fact, there are two types of payment to choose from, namely Neteller and Neteller VIP. Both facilitate instant transfers and accept USD, AUD, GBP, EUR, CAD, SGD, as well as JPY.

IC Markets client funds are stored with multiple levels of security. Apart from implementing segregated account, this broker uses SSL technology to electronic payments. Traders who are interested in registering with IC Markets can start with $200 as an initial deposit.

Octa

Octa payment options are available in a variety of popular methods that are often used by forex traders. Based on this consideration, Neteller is one of the deposit options chosen by Octa. Even though it is instant and can be done with 0% commission, deposits via Neteller at Octa have a minimum limit of EUR 50.

Octa is a forex broker that is quite popular among retail traders. The international broker's services have been maximized for the convenience of traders when depositing and withdrawing their funds. Some of the special features offered by Octa in this context are fixed rates and deposits via local banks. If you are interested in opening an account at this broker, you can read the guide at How to Open a Real Octa Account.

XM

XM's deposit process via Neteller can take place instantly, but there are limits that you need to pay attention to, namely a minimum of $5 and a maximum of $2500. Apart from that, XM broker does not set any more rules and even covers the commission fees for its clients.

XM has been around since 2009 to offer the convenience of trading with low spreads and affordable fees. One of XM's special features is the no requote claim. This broker takes the policy so seriously that it explicitly states they process transactions without any Virtual Dealer plug-in. In addition, the success rate for trading execution on XM is claimed to reach 100% so there are no order rejections to worry about.

FXTM

FXTM offers a deposit system via Neteller without commission. There are quite a lot of currency choices, including EUR, INR, USD, GBP, NGN (Nigerian Naira), and INR (Indian Rupee). Deposit times don't take long because they are processed instantly, and traders can make transactions with nominal amounts starting from just $5.

As a global forex broker committed to providing the best service for traders, FXTM has various advantages, including low spreads, trading in various asset classes, trading alternatives with the Copy Trading feature, secure fund storage with Segregated Accounts, and many more.

InstaForex

Neteller is one of the many deposit channels provided by InstaForex to complement its services. This broker confirms that payments can take place instantly and are free of commissions. Traders can also choose to deposit in USD or EUR account currency.

InstaForex is widely known especially in Asian countries. As one of the fixed spread and cent account providers, this broker bridges the needs of traders from various circles. In addition, trading facilities from InstaForex cannot be underestimated. Clients can get exclusive analysis that covers technical, fundamental, and market sentiment from this broker.

FXOpen

At FXOpen, deposits via Neteller are offered as a fast and secure way to send funds online. There are limits that you need to pay attention to, namely a minimum deposit of $2 and a maximum deposit of $50,000. With an instant payment process, deposits via Neteller can be made in USD, EUR, AUD, and GBP. However, this facility is only available at FXOpen Australia.

FXOpen is one of the leading brokers for beginners to intermediate traders. This broker is also one of the pioneers in providing crypto trading. Even though it is not too active in promoting bonuses and contests, FXOpen is quite serious about offering an exclusive PAMM program in 3 different types of accounts.

Alpari

Alpari provides deposit services via Neteller with various currency options at once (EUR, INR, USD, GBP, PLN, NGN). The process of topping up funds can be completed immediately and without any commission, with a minimum deposit per transaction of only $5.

Alpari is a broker with a long history as the PAMM pioneer. This broker keeps expanding in many countries over the years in the market. Starting from Micro convenience to the advantages of ECN accounts, the analysis and trading tools variation provided by this broker are also quite impressive.

The Advantages and Disadvantages of Neteller for Forex Traders

Neteller is not the only e-payment that provides deposit withdrawal at forex brokers. However, this company is no less competitive with PayPal, whose credibility is guaranteed in the US; WebMoney, which is trusted by millions of clients throughout the world; and Perfect Money, which is known as e-payment with the lowest fees.

This is because Neteller is equipped with the following advantages:

1. Available at hundreds of forex brokers. This proves that the use of Neteller is universal and trusted by many.
2. Has credibility that can be relied upon, because it has been regulated by the FCA.
3. Can be used for transactions with other users in more than 200 countries.
4. There is no deposit fee via Neteller (can depend on broker policy too).
5. Has layered security that does not interfere with user comfort. You can choose whether to activate the Two-Way Authentication process or not.
6. A VIP feature is available which can provide extra benefits such as loyalty rewards, cash backs, rebates, multi-currency accounts, fee discounts, limit reductions, etc.
7. There is no need to complete the full verification process to make the first withdrawal transaction.

However, there are also several drawbacks that you may need to consider carefully before relying on Neteller as your main payment gateway to a forex broker:

1. There are very different fees and limits between Standard and VIP accounts, so you can't really enjoy Neteller benefits if you don't upgrade your status to VIP.
2. Even though Neteller deposits are free, withdrawal fees are relatively high when compared to other e-payments.
3. Neteller's client service is only optimal in the US and Canada.
4. Because it is often used as a payment medium on online gambling sites, Neteller services are subject to restrictions in Albania, Cambodia, Canada, Hong Kong, Israel, Laos, Lebanon, Macau, Singapore, and Turkiye.

Despite the minus points above, Neteller still provides invaluable convenience for those of you who want to make deposits to forex brokers easily, quickly, safely, and free of charge.