Best Neteller Brokers 2024

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 Popular amongst consumers, traders and businesses alike, funds can be withdrawn directly to the Net+ card or transferred into a bank account.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 5 that support Neteller payments:

Neteller Brokers Comparison

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

#1 - FOREX.com

Why We Chose 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.

"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."

- DayTrading Review Team
  • Instruments: Forex, Spot Metals
  • Regulator: NFA, CFTC
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:50

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.
  • With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
  • 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

  • Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
  • There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
  • FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.

#2 - DNA Markets

Why We Chose 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 250+ 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.

"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. "

- DayTrading Review Team
  • Instruments: CFDs, Forex, Indices, Commodities, Stocks, Crypto
  • Regulator: ASIC
  • Platforms: MT4, MT5
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

Pros

  • Top-rate platforms and charting tools for day traders with access to MT4 and MT5
  • 24/5 customer support with response times of <2 minutes during testing
  • Convenient account funding with 7 base currencies, a $100 deposit and a wide range of payment methods

Cons

  • Although it continues to strengthen its client base and reputation DNA Markets lacks the track record of top brokers like Vantage
  • The investment offering trails alternatives, especially in terms of stocks, cryptos and commodities
  • Despite access to MT4 and MT5, there is no proprietary trading app

#3 - Videforex

Why We Chose 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.

"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%."

- DayTrading Review Team
  • Instruments: Binary Options, CFDs, Forex, Indices, Commodities, Crypto
  • Platforms: TradingView
  • Minimum Deposit: $250
  • Minimum Trade: $0.01
  • Leverage: 1:500

Pros

  • You can easily mirror the trades of experienced investors with low fees
  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent
  • Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders

Cons

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

#4 - CEX.IO

Why We Chose 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.

"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."

- DayTrading Review Team
  • Instruments: Cryptos
  • Regulator: GFSC
  • Platforms: TradingView
  • Minimum Deposit: $20
  • Minimum Trade: $1

Pros

  • High quality educational materials are available through the University feature
  • There's a wide range of global payment methods available including PayPal
  • The $20 minimum deposit makes the broker accessible for beginners

Cons

  • The broker has limited regulatory oversight
  • A maintenance fee applies after 12 months of no activity
  • Deposit and withdrawal fees are relatively high, including 0.3% + $25 for SWIFT withdrawals

#5 - ForexChief

Why We Chose ForexChief

ForexChief 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.

"ForexChief 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."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Metals, Commodities, Stocks, Indices
  • Regulator: VFSC
  • Platforms: MT4, MT5
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

Pros

  • The low minimum deposit of $10 will appeal to beginners, as well as the beginners’ guides in the Library
  • Traders can access a copy trading solution via the MetaQuotes Signals service
  • The broker offers several account types to suit different traders, including a Cent account for beginners and pro-level hedging/netting accounts

Cons

  • ForexChief is an offshore broker with weak regulatory oversight from the VFSC, so traders will receive limited safeguards
  • The Classic+ and Cent accounts provide access to fewer instruments than the other account types, at 50+ and 35+, respectively
  • The broker trails competitors when it comes to research tools and educational resources

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. 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. They are, however, capped at $1,000 (daily) for standard users. This limit increases to $3,300 for VIP clients. ATM withdrawals also carry a charge of 1.75%, or $6 for premium account holders.

There is also a monthly inactivity fee of $5 after 12 months of account dormancy.  In addition, the platform charges several administration fees including transaction reversal, up to 25 USD.

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.

Brokers accepting Neteller deposits

Advantages

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

Drawbacks

There are, however, some limitations worth considering:

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.