Neteller Brokers 2024

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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

Neteller is one of the most widely integrated e-wallet solutions available today. Popular amongst consumers, traders and businesses alike, funds can be withdrawn directly to the Net+ card or transferred into a bank account.

In this review, we look at what Neteller can offer traders. From transfer fees to account set up, deposit and withdrawal options, we explore why it is one of the most popular payment methods, supported by many of the best online brokerages around the world.

Use our list of top brokers that accept Neteller deposits in 2024 to get started today.

Best Neteller Brokers

After evaluating dozens of brokers, these are the top 10 that support Neteller payments:

Click a broker for details
  1. 1
    FOREX.com
    Active Trader Program With A 15% Reduction In Costs

    Ratings
    4.9 / 5
    4 / 5
    4.3 / 5
    4.6 / 5
    4.6 / 5
    4.3 / 5
    4.8 / 5
    4.5 / 5
    3.6 / 5
    3.8 / 5

    $100
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Stocks, Futures, Futures Options
    MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
    Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
  2. 2
    DNA Markets

    Ratings
    3 / 5
    4 / 5
    4 / 5
    3.9 / 5
    3.5 / 5
    3.6 / 5
    1.8 / 5
    1.6 / 5
    4.8 / 5
    4.4 / 5

    $100
    0.01 Lots
    1:500
    ASIC
    CFDs, Forex, Indices, Commodities, Stocks, Crypto
    MT4, MT5
    Credit Card, Debit Card, Wire Transfer, BPAY, Skrill, Neteller, Bitcoin Payments, Bitwallet, AstroPay, Mastercard
    USD, EUR, GBP, CAD, AUD, NZD, SGD
  3. 3
    RedMars

    Ratings
    3.3 / 5
    3.5 / 5
    3.8 / 5
    3.5 / 5
    3.8 / 5
    4 / 5
    2.8 / 5
    3 / 5
    4.7 / 5
    4.6 / 5

    €250
    0.01 Lots
    1:30 (Retail), 1:500 (Pro)
    CySEC
    CFDs, Forex, Stocks, Indices, Commodities, Cryptos
    MT5
    Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, Visa
    USD, EUR
  4. 4
    CEX.IO

    $20
    $1
    GFSC
    Cryptos
    TradingView
    Debit Card, Credit Card, Wire Transfer, Swift, Skrill, Visa, Mastercard, PayPal, Neteller, Apple Pay, Google Wallet, Bitcoin Payments
    USD, EUR, GBP
  5. 5
    Videforex
    20% to 200% Deposit Bonus

    $250
    $0.01
    1:500
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    TradingView
    Skrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
  6. 6
    ForexChief
    $100 No Deposit Bonus

    $10
    0.01 Lots
    1:1000
    VFSC
    CFDs, Forex, Metals, Commodities, Stocks, Indices
    MT4, MT5
    Wire Transfer, Bitcoin Payments, Credit Card, UnionPay, Skrill, Neteller, WebMoney, Perfect Money, Debit Card, Ethereum Payments, FasaPay, Volet
    USD, EUR, GBP, JPY, CHF
  7. 7
    Axofa
    10% Deposit Bonus

    $1
    0.01 Lots
    1:1000
    SVGFSA
    Forex, CFDs, Stocks, Indices, Commodities
    MT5
    Debit Card, Credit Card, Visa, Mastercard, Neteller, Skrill, Bitcoin Payments, Wire Transfer
    USD, IDR
  8. 8
    Binarium

    $5
    $1
    Forex, Stocks, Cryptos
    Own
    QIWI, Yandex Money, Bitcoin Payments, Neteller, WebMoney, Wire Transfer, Visa, Mastercard, Credit Card, Debit Card
    USD, EUR, AUD, RUB
  9. 9
    BinaryCent
    20% - 200% deposit bonus

    $250
    $0.01
    1:500
    VFSC
    CFDs, Forex, Stocks, Cryptos, Options, Commodities
    Own
    Visa, Mastercard, Debit Card, Credit Card, Skrill, WebMoney, Neteller, Bitcoin Payments, Wire Transfer, Perfect Money, Ethereum Payments
    USD
  10. 10
    RaceOption
    20% - 200% Deposit Bonus

    $250
    $0.01
    1:500
    Binary Options, CFDs
    TradingView
    Credit Card, Debit Card, Bitcoin Payments, Neteller, Skrill, Perfect Money, Mastercard, Visa, Ethereum Payments
    USD, EUR, GBP, AUD, RUB

Here is a short summary of why we think each broker belongs in this top list:

  1. FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
  2. DNA Markets - DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 800+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.
  3. RedMars - Launched in 2020, Cyprus-based RedMars offers competitive spreads on more than 300 instruments and leverage up to 1:500. Three accounts are available - Standard, Pro and VIP - serving a range of budgets and experience levels, with a fast and fully digital account opening process.
  4. CEX.IO - CEX.IO is one-stop-shop for crypto investors where you can buy and sell popular digital tokens, speculate on prices with margin trading and earn rewards through staking. Since it launched in 2013, more than five million traders have deposited over $7.5 billion. CEX.IO is registered with the FinCEN in the US and the GFSC in the EU.
  5. Videforex - Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
  6. ForexChief - xChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
  7. Axofa - Axofa is a forex and CFD broker registered in St Vincent and the Grenadines. The broker offers three account types with access to forex, commodities and indices. With ECN processing, low minimum deposits and no commissions, Axofa remains an attractive option, although the broker does not hold a reputable license.
  8. Binarium - Binarium is an established international broker offering binary options trading on diverse markets including stocks, indices, forex, commodities and cryptocurrencies. Traders can start trading with as little as $1 and earn payouts up to 80% of their stake.
  9. BinaryCent - BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.
  10. RaceOption - RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.

Neteller Brokers Comparison

Neteller Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage
FOREX.com logo
$100 Forex, Stocks, Futures, Futures Options MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral 1:50
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 1:500
RedMars logo
€250 CFDs, Forex, Stocks, Indices, Commodities, Cryptos MT5 1:30 (Retail), 1:500 (Pro)
CEX.IO logo
$20 Cryptos TradingView -
Videforex logo
$250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto TradingView 1:500
ForexChief logo
$10 CFDs, Forex, Metals, Commodities, Stocks, Indices MT4, MT5 1:1000
Axofa logo
$1 Forex, CFDs, Stocks, Indices, Commodities MT5 1:1000
Binarium logo
$5 Forex, Stocks, Cryptos Own -
BinaryCent logo
$250 CFDs, Forex, Stocks, Cryptos, Options, Commodities Own 1:500
RaceOption logo
$250 Binary Options, CFDs TradingView 1:500

FOREX.com

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus OfferActive Trader Program With A 15% Reduction In Costs
Demo AccountYes
InstrumentsForex, Stocks, Futures, Futures Options
RegulatorNFA, CFTC
PlatformsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

  • FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
  • The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
  • Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.

Cons

  • FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
  • Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
  • There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.

DNA Markets

"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "

Jemma Grist, Reviewer

DNA Markets Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Indices, Commodities, Stocks, Crypto
RegulatorASIC
PlatformsMT4, MT5
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, SGD

Pros

  • DNA Markets offers top-rate platforms and charting tools for day traders with access to MT4 and MT5
  • The broker provides 24/5 customer support with response times of <2 minutes during testing
  • You can access low trading fees with spreads from 0.0 pips in the Raw account and zero non-trading fees

Cons

  • Despite access to MT4 and MT5, there is no proprietary trading app for seamless account management whilst on the go
  • Unlike many alternatives, there are limited educational and research tools for traders seeking an all-in-one solution
  • Although it continues to strengthen its client base and reputation, DNA Markets lacks the track record of top brokers like Vantage

RedMars

"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."

Christian Harris, Reviewer

RedMars Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Cryptos
RegulatorCySEC
PlatformsMT5
Minimum Deposit€250
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:500 (Pro)
Account CurrenciesUSD, EUR

Pros

  • Clients in the EU, in particular, can trade with peace of mind knowing RedMars is authorized by the CySEC with up to €20K compensation available through the ICF in the event of bankruptcy
  • The broker supports a range of flexible payment methods, including wire transfers, credit cards, e-wallets, and notably cryptocurrencies
  • The broker is one of a limited number of firms to offer an account specially designed for VIPs with premium support and invites to exclusive events

Cons

  • While RedMars' spreads are within industry averages, they don't offer a significant edge over the cheapest day trading brokers we've personally used, notably IC Markets
  • With just 300 instruments, RedMars offers a narrow trading environment, particularly compared to category leaders like BlackBull Markets which offers 26,000 assets
  • RedMars falls short for newer traders, with little in the way of education, no beginner-friendly platform, a steep minimum deposit, and inadequate support during testing

CEX.IO

"CEX.IO continues to serve a range of crypto investors looking to buy, sell, trade, hold and earn with low fees. The tiered pricing structure will appeal to active traders while rookie investors will enjoy the straightforward platform interface and excellent education."

Tobias Robinson, Reviewer

CEX.IO Quick Facts

Demo AccountNo
InstrumentsCryptos
RegulatorGFSC
PlatformsTradingView
Minimum Deposit$20
Minimum Trade$1
Account CurrenciesUSD, EUR, GBP

Pros

  • The $20 minimum deposit makes the broker accessible for beginners
  • The range of 200+ cryptocurrencies is competitive and will serve more experienced traders
  • Crypto leverage is available up to 1:3

Cons

  • The broker has limited regulatory oversight
  • The Exchange Plus platform delivers a cluttered interface compared to competitor platforms
  • A maintenance fee applies after 12 months of no activity

Videforex

"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."

William Berg, Reviewer

Videforex Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
PlatformsTradingView
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • The firm facilitates both day trading and binary options which is great for those looking to diversify their portfolios
  • Videforex allows you to enter positions with just ¢0.01
  • You can easily mirror the trades of experienced investors with low fees

Cons

  • US clients aren’t accepted due to legal restrictions
  • The broker isn’t overseen by a trusted regulatory agency
  • No MetaTrader 4 integration

ForexChief

"xChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback."

William Berg, Reviewer

ForexChief Quick Facts

Bonus Offer$100 No Deposit Bonus
Demo AccountYes
InstrumentsCFDs, Forex, Metals, Commodities, Stocks, Indices
RegulatorVFSC
PlatformsMT4, MT5
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, JPY, CHF

Pros

  • The broker offers a turnover rebate scheme geared towards active investors, as well as trading credits and several other occasional bonuses
  • Traders can access a copy trading solution via the MetaQuotes Signals service
  • xChief delivers a high-quality day trading environment via the MT4 and MT5 platforms, with market-leading charts, indicators and tools

Cons

  • Fees and minimums are imposed on most withdrawal methods, including a €60 minimum for SWIFT bank transfers
  • The total range of 150+ assets is much lower than most competitors who typically offer hundreds
  • The Classic+ and Cent accounts provide access to fewer instruments than the other account types, at 50+ and 35+, respectively

Axofa

"Axofa could be a good option for clients looking for social trading features alongside the MT5 platform. The low entry requirements and ECN spreads are particularly promising, but the lack of transparency and respected regulatory oversight raises security concerns."

William Berg, Reviewer

Axofa Quick Facts

Bonus Offer10% Deposit Bonus
Demo AccountYes
InstrumentsForex, CFDs, Stocks, Indices, Commodities
RegulatorSVGFSA
PlatformsMT5
Minimum Deposit$1
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, IDR

Pros

  • Axofa offers the MetaTrader 5 platform which will particularly serve intermediate to experienced traders looking for advanced charting tools
  • Low ECN spreads are available from 0.0 pips, plus reasonable commissions at $3.50 per side
  • The $1 minimum deposit across all 3 accounts will appeal to novices and those on a budget

Cons

  • There is limited verifiable information about the broker’s owners and background
  • Our team found inconsistencies between international subsidiaries and website information
  • The offshore operations and lack of any regulatory oversight is a major concern

Binarium

"Binarium is a good binary options broker for traders looking for an experienced brand with low deposit requirements and a welcome bonus."

William Berg, Reviewer

Binarium Quick Facts

Demo AccountYes
InstrumentsForex, Stocks, Cryptos
PlatformsOwn
Minimum Deposit$5
Minimum Trade$1
Account CurrenciesUSD, EUR, AUD, RUB

Pros

  • Low minimum deposit requirements
  • Demo account with virtual funds
  • Community forum platform

Cons

  • Specific bonus terms and conditions to meet before being able to withdraw funds
  • Unregulated
  • Lower payouts than other binary options brokers

BinaryCent

"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."

Tobias Robinson, Reviewer

BinaryCent Quick Facts

Bonus Offer20% - 200% deposit bonus
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Cryptos, Options, Commodities
RegulatorVFSC
PlatformsOwn
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD

Pros

  • Payouts up to 95% are higher than most competitors and increases profit potential
  • Accepts a wide range of funding methods, including cryptos and e-wallets
  • Copy trading and binary options bots are useful for beginner traders

Cons

  • The $250 minimum deposit is higher than most binary options brokers
  • Not overseen by any reputable regulator, raising risks and reducing customer protections
  • Not available to traders based in the US

RaceOption

"RaceOption will appeal to traders new to binary options looking for copy trading, contests and 24/7 customer support. Experienced traders will also appreciate the account-based perks and bonuses."

William Berg, Reviewer

RaceOption Quick Facts

Bonus Offer20% - 200% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, CFDs
PlatformsTradingView
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • Beginner-friendly copy trading opportunities in the broker's proprietary trading platform
  • Free and instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour
  • Flexible weekend trading available plus 24/7 multilingual customer support

Cons

  • $250 minimum deposit is higher than other binary options brokers
  • Unregulated broker with lower safety score
  • Withdrawal thresholds apply

How Did We Choose The Best Neteller Brokers?

To uncover the top Neteller brokers, we:

  • Took our database of 500 online platforms to identify all those that support Neteller
  • Ensured that they accept Neteller deposits and withdrawals for online trading
  • Listed them by their score, drawing on 100+ objective data points and our personal evaluations

About Neteller

Neteller has been a pioneer in digital payment solutions since it was founded back in 1999. Today, it operates as part of the Paysafe Group which is regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

The platform facilitates secure, fast, and flexible payments to individuals and merchants. It is available in over 200 countries with 26 base account currencies and is widely integrated with leading online brokers. Neteller connects thousands of traders to global financial markets every day.

Which brokers accept Neteller deposits?

How To Deposit Using Neteller

A Neteller account allows you to easily deposit and withdraw funds to a wide variety of merchants or brokers, including XM and Eightcap. It supports instant payments for both online transactions and money transfers. Funds appear in your account within seconds, ready for you to use when you like.

To make a deposit, sign in to your trading account and select the Neteller payment option on the deposit page. When prompted, enter the payment details and confirm the transaction.

Withdrawals are also quick and simple. Clients can withdraw money directly to a bank account or access funds at ATMs around the world with the Net+ card.

Note, brokers may have their own processing timelines, but the top brands offer near-instant deposits and withdrawals within a couple of working days.

Security

The security of client funds and personal data is a priority for the digital payment provider. The firm implements a number of security measures including military-grade encryption and regular backups. It also stores all client data in a secure facility which is held separately from any company funds or data processing operations.

Customers also have the option to activate the Two-Step Authentication feature to add an extra layer of protection against unauthorized entries into their Neteller account. In addition, the platform shares guidance on what customers can do to help protect themselves against security breaches and fraud.

Importantly, traders should also sign up with reputable brokers that implement the latest high-tech security measures, including two-factor authentication.

Fees

Neteller charges fees for online transfers. Rates vary according to the method used. A basic Neteller account will have the following fees:

Deposit options:

Neteller does not charge fees for account management, receiving money, or spending on a merchant site.

Withdrawal options:

Withdrawals to merchant sites do not typically carry a charge.

There is also a monthly inactivity fee of $5 after 6 months of account dormancy. In addition, the platform charges several administration fees including transaction reversal, up to $25.

Note, investing brokers may charge their own deposit and withdrawal fees. With that said, most trading platforms offer free Neteller payments.

Neteller vs PayPal

Neteller and PayPal are two of the biggest eWallets, each with their own strengths and weaknesses:

To summarize, PayPal is great for sending money using one currency within the same country. However, its fees for currency conversion and international payments are considerable.

Neteller also has the added benefit of allowing customers to easily utilize gambling and trading services, whilst PayPal is much stricter here. There are over 300 forex merchant companies that accept Neteller.

Advantages

There are a number of benefits to using Neteller to fund your trading account:

  • Speed – Instant deposits and withdrawals
  • Flexibility – Multi-currency options with no FX fees
  • Security – Flexible, fast and secure money management
  • Online and Offline – Plastic and virtual prepaid MasterCard for easy access to your cash for online and offline spending
  • Adoption – Widely integrated and can be used for small to substantial transactions in many sectors and across a variety of platforms
  • Rewards – A VIP reward program that allows you to earn cash-back on transactions and additional rewards. The eWallet Booster plan gives you an instant Bronze Pro VIP upgrade and the ability to earn large rebates on your transfers

Drawbacks

There are, however, some limitations worth considering:

  • Fees – Most transactions carry fees, which can quickly add up. There are premium memberships available which can reduce some of these charges. Consider the type of and regularity of the payments you make. Also check for any fees charged by your online trading brokers
  • Withdrawal LimitsNeteller enforces a daily withdrawal limit of $1,000. This increases to $3,300 for premium account holders.
  • Verification In order to create an account, verification checks are required. Users are required to submit ID and personal information for approval. It is not an instant set up like other eWallets but whilst it does take longer, it is more secure. Trading brokers may also have KYC requirements that need to be followed
  • Lower Exchange Rates For VIP Members – VIP members pay a reduced foreign exchange fee of 1%. For standard account holders, fees are not the most competitive available.

Is Neteller Good For Day Trading?

If you are a regular trader looking for a quick, secure and flexible payment method, Neteller is worth considering. It is widely offered by brokers around the world, and the Net+ card offers even greater flexibility.

On the downside, the fees associated with the standard account are higher than other eWallets in the market, especially when comparing single currency transfers. However, it does perform more favorably when looking at multi-currency payments and international transfer rates. Premium account holders are also eligible for more competitive rates and promotional offers.

Overall, if you are looking to make regular multi-currency or international trading deposits, Neteller is a good option. For single currency domestic transfers, we would recommend exploring other options which are likely to offer more competitive rates.

FAQ

Is Neteller A Good Payment Method For Global Traders?

Yes, Neteller is a highly reputable payment service available in over 200 countries. As such, a long list of trading brokers also accept Neteller deposits and withdrawals in 2024, making it one of the most accessible payment methods for day traders.

Is It Safe To Use Neteller In My Trading Account?

Neteller is a secure platform and arguably one of the most trusted online payment systems in the world. Clients and traders should feel reassured by the robust security processes and technology in place. With that said, it is still important to sign up with a trustworthy and reliable trading platform.

How Long Does It Take To Withdraw Neteller Funds?

It can take up to 24 hours for Neteller withdrawals to be processed during busy periods but most withdrawals are processed instantly. Note, some online brokers have their own KYC checks which can delay fund withdrawals.

Is Neteller Better Than PayPal For Day Trading?

Neteller is not as widely accepted as its competitor PayPal. It does, however, offer cashback of up to 0.5% on deposits. It also offers VIP services, whilst PayPal has a single standard account. And most importantly for traders, Neteller is offered by a greater number of brokers. This is due to PayPal’s strict regulations around gambling and digital trading.