Among all electronic payment systems, Neteller is probably the highest ranked. Almost all brokers allow payments via Neteller. Neteller has many users, so it is only natural that broker companies include Neteller and set it above other e-wallets.
Neteller was established in 1999, initially in Canada, until it was moved to the Isle of Man in 2004. It is regulated by the UK authority and is therefore considered reliable and trustworthy. As the majority of online payments, many gamblers and Forex traders count to the Neteller clientele. Also, similar to other e-wallets, it offers instant depositing, withdrawal, and payment. Opening a Neteller account is free of charge. Fees with Neteller vary from free to 1.5%, or ca. 4% and sometimes they can amount to almost 10%. That depends on your funding option. Hundreds of brokers worldwide use Neteller, one of the largest e-wallets at the moment.
Of course, like every other payment system, Neteller also offers faster transfers, more privacy and more security, and possibly the lowest fees. Also, there is the Net+ Card available, making it possible for you to withdraw your money from the e-wallet instantaneously.
Neteller and Forex
Forex brokers can consider themselves lucky that the electronic systems have been invented. In today’s fast world, and in an even faster market, instant solutions are required, especially, when it comes to sensitive topics like money. Forex brokers profit indeed from e-wallets, which have overtaken the majority of international transactions. Unlike WebMoney or PayPal, Neteller can be found with almost every broker, so new traders should not be concerned about finding a good Neteller Forex broker. Forex brokers always try to find new ways of enlarging their customer- base, and, adding new payment methods has always been a good way to attract additional traders. What e-wallet to choose, depends on the market which brokers want to conquer. If it is Asia, they will make sure to activate e-wallets which are popular in Asia.
Neteller Forex Brokers
Besides an efficient payment method, a broker has to possess other qualities as well. Traders need to examine every aspect of the broker carefully. Some of the Neteller brokers who act professionally are:
EasyMarkets.com is one of the leading brokerage companies at the moment. First, it is seated in Cyprus, the haven and, meanwhile, one of the main Forex centers, so it is no surprise that the company originates from there. It is regulated by ASIC and CySEC and keeps the clients’ funds separate from the company’s. Their payout policy is quick and with no delays which means a lot to traders. Basically, it is imperative for every broker to pay on time and with no excuses. This broker offers a variety of currency pair, e.g. 136 (major, minor and exotic), which widens the variety of choice in trading. Also, traders can choose between the broker’s intuitive platform and the approved MT4. The broker also offers fixed spreads, which reduces the risk of trading. They are especially recommended for beginners.After you have read the information on this broker, it is no surprise that it offers Neteller services, among many other payment methods.
OctaFX. Another very well- known and successful broker who accepts Neteller payments is the FCA regulated OctaFX. OctaFX is mostly focused on the Asian market, and they have an office in Malaysia. Nevertheless, being regulated by the British regulatory agency means compliance with European law and standards. This Neteller Forex broker provides the MT4 for its customers. This means that traders can use automated trading, trading signals, and other features which are part of the MT4. Wouldn’t it be convenient to buy a Forex robot over your Neteller account? That way, you would be provided expert assistance regarding your trades. The broker also provides the upgraded MT5 platform for all those curious traders who get bored easily. OctaFX even has a platform for an ECN account which would link you to better quotes and prices. OctaFX as many other brokers, does not charge any deposit or withdrawal commissions or fees. Withdrawal requests are usually processed within an hour, which means, if you use Neteller, your money will be in your account surprisingly fast.
FBS broker. The broker is established in Belize and regulated by the Belize and Russian national regulatory agencies. This broker is also mainly focused on the Asian market and has offices in China, Indonesia, etc. Their platform of operation is the one and only MT4. The broker does not charge commissions just like other brokers, but in contrast to other brokers, they impose an additional spread to the actual spread. This broker offers many lucrative, generous and interesting bonus promotions which might be worth to be checked out. Deposits with this broker are free of charge, whereby withdrawals come with a fee, including the Neteller payment method. This broker might not be the ideal broker regarding the fees and the additional spread. But don’t worry, there are plenty of other Neteller Forex brokers with better conditions.
It is obvious, that among the many electronic payment systems Neteller is one of the best known and most frequently used. It should not be a problem to find a Forex broker who accepts payments over Neteller which is good news for all Neteller lovers. As new traders, please look up other information on the broker as well. We hope that the above- given Forex broker examples are going to be helpful in your quest for the best broker for you. Forex brokers try very hard to reach out to many countries, and they try to base their services on what traders like and need. Besides the mandatory services they have to provide, many always look to add an extra feature to attract clients. Neteller has probably had a great influence (like other –wallets, as well) on the Forex industry, making it easier for traders and brokers to do business. Imagine the dynamic market without these fast solutions which have become indispensable. Without e-wallets, Forex trading would be much more complicated and more expensive given that e-wallets are either free or charge a minimum fee. To traders, it is very important that their broker accepts their e-wallet method given that nobody wants to switch to another one if they are satisfied with the one they have.