Neteller is an online payment gateway and you can use this app to fund your trading account. In this article, we reveal the pros and cons of our 15 Best Neteller Forex Brokers and we review the features, tools, platforms, trading conditions and instruments these brokers offer.
Neteller is a digital payment system that can be used to make secure payments online. With Neteller, you can instantly buy and sell cryptocurrencies using the app and you won’t have to make accounts with other crypto exchanges to trade crypto or deposit funds into other accounts.
Neteller offers a plastic prepaid card that you can use to deposit money directly into your Neteller account and spend it anywhere Visa is accepted.
The Net+ cards can be connected to Neteller’s digital wallet system, which is an accepted payment method on thousands of websites. With Neteller’s loyalty program, you can get discounted transfer fees and the Neteller app can be used 24/7 and is available on Google Play and App Store.
More than 40 currencies can be sent to people around the world and you can send money to other Neteller users via the app or to their email addresses.
Neteller offers 3 account levels and VIP trading conditions. When you play games on Neteller’s Knect Loyalty Program, you can earn points and exchange the for cash and other rewards.
Exness
Overall Rating Rated #1 of USD 10 FSA, CBCS, FSC, FSC, FSCA, CySEC, FCA 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, EUR, ZAR, CHF, NZD, SGD, JPY, AUD Yes 1:unlimited 🛒 Instruments 100+ Forex, Cryptocurrencies, Energies, Metals, Shares, Stocks, Commodities 🏛️ Visit Broker
4.9/5
Recommended FX Brokers
Min. Deposit
Regulators
Islamic Account
Leverage
We recommend heading over to the educational site where you will find all the learning material you need to learn how to trade if you are new to trading.
This broker requires a minimum deposit of 10 USD and accounts can be funded using EUR, AUD, NZD, SGD, JPY, ZAR, CHF or USD.
As an Exness client, you will be able to use MetaTrader 3 and 5, and there are several accounts to choose from.
Exness Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | No trading bonuses |
| MetaTrader support | |
| Unlimited leverage | |
| 107+ Forex pairs |
OANDA
Overall Rating Open and fund your OANDA account (min$25) and get a welcome bonus up to $5,000!
3.9/5
To open a swap-free account with OANDA, you must first create a standard account and apply for conversion.
The OANDA swap-free account offers 26 instruments, including forex, indices, Germany 40 and UK100.
Spreads on this account start from 1.6 pips and it can be funded using USD as a base currency.
OANDA’s swap-free accounts allow hedging, scalping and EA trading.
OANDA Pros and Cons:
| ✔️Pros | ❌Cons |
| No minimum deposit | No live chat support |
| Many regulations | |
| Trading bonus | |
Multibank Exchange
Overall Rating USD 50 ASIC, AUSTRAC, BAFIN, CIMA, FSC, FMA, MAS, TFG, VFSC 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, GBP, EUR, CHF, AUD, NZD, CAD Yes 1:500 🛒 Instruments Forex, metals, shares, indices, commodities, cryptocurrencies 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
The Multibank Exchange swap-free account can be used to trade shares, indices, commodities and currencies.
This account offers a maximum leverage of 1:100 and is entirely commission-free.
You can also demo your swap-free account before you deposit real money.
Multibank Exchange Pros and Cons:
| ✔️Pros | ❌Cons |
| 20,000+ instruments | Inactivity fees |
| Multiple account types | Stock CFD fees are high |
| 50+ forex pairs | |
Instaforex
Overall Rating USD 1 FSC, BVI, CySEC 📱 Platforms MT4, MT5, InstaTick Trader ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:1000 🛒 Instruments Forex, Stocks, Indices, Metals, Oil, Gas, Commodity Futures, Crypto, InstaFutures 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
InstaForex offers more than 300 instruments and leverage up to 1:1000.
Customer support is available 24/7.
You can download the forex signals app for live trading signals and updates.
Instaforex Pros and Cons:
| ✔️Pros | ❌Cons |
| 7mil+ clients | No USA clients |
| Recommended for scalpers | 2 base currencies |
| Negative balance protection | |
RoboForex
Overall Rating USD 10 IFSC, CySEC 📱 Platforms MT4, MT5, cTrader, R Stocks Trader ₿ Crypto Yes 💵 Account Currency USD, EUR, RUB, CNY, GOLD, BTC Yes 1:2000 🛒 Instruments Forex, Indices, Stocks, Metals, Commodities, ETFs 🏛️ Visit Broker
4.7/5
Minimum Deposit Regulators Islamic Account Leverage
Roboforex offers 5 types of trading accounts and is beginner-friendly.
With Roboforex, you can earn cash rebates and participate in contests.
Roboforex offers spreads from 0 pips and 24/7 customer support is provided.
There are several bonus programs on offer and accounts use a market execution model.
Roboforex has over 800,000 clients and is a good option for copy trading.
No additional costs are charged when making deposits or withdrawals.
You can fund your account using several methods, including Visa cards, Mastercard, JCB and China UnionPay.
RoboForex Pros and Cons:
| ✔️Pros | ❌Cons |
| Many payment methods | Not many regulations |
| Multiple bonus programs | No USA clients |
| Beginner-friendly | |
| Negative Balance Protection | |
| Tight spreads |
Grand Capital
Overall Rating USD 10 FinaCom 📱 Platforms MT4, MT5, GrandTrade ₿ Crypto Yes 💵 Account Currency USD, EUR, JPY, GBP, CHF, RUB Yes 1:500 🛒 Instruments Stocks, Energies, Metals, Forex, CFDs, Crypto, Indices 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
Grand Capital has been operational since 2006 and accepts a minimum deposit of $10 in 6 major base currencies.
Grand Capital traders are protected by the Compensation Fund and is a Category-A broker that is regulated by Finacom and a member of the Financial Commission.
More than 750,000 traders use Grand Capital and beginners will find it easy to get started if they decide to use the Beginner’s Program.
Grand Capital has a unique offering of promotions, contests and bonus rewards for active traders and clients can choose from a variety of trading instruments.
Grand Capital Pros and Cons:
| ✔️Pros | ❌Cons |
| Trading bonuses with referral programs | US clients not accepted |
| Compatibility with MetaTrader platform | Limited educational resources |
| Copy Trading supported | |
| Investment portfolios offered |
AMarkets
AMarkets is an FSA-regulated broker with plenty of trading tools, including Expert Advisor support, VPS hosting, access to AutoChartist, Economic calendars, Trader’s calculators and Sentiment Indicators.
This broker also provides trading ideas, Quarterly analytical reviews, Technical analysis reports, Forex news and weekly trade highlights.
In addition to all the tools and features offered, AMarkets is also a great option for beginners and the website is user-friendly!
AMarkets Pros and Cons:
| ✔️Pros | ❌Cons |
| Tight spreads | 2 base currencies |
| Commission-free trading | Not many regulations |
| Plenty of analytics resources | |
| Beginner-friendly |
NordFX
Overall Rating USD 10 VFSC 📱 Platforms MT4, NordFX mobile app ₿ Crypto Yes 💵 Account Currency USD, EUR, CNY, IDR, GBP, VND, THB, PHP No 1:1000 🛒 Instruments FX Pairs, Metals, Crypto, CFDs, Indices, Stocks, Oil 🏛️ Visit Broker
2.9/5
Minimum Deposit Regulators Islamic Account Leverage
NordFX is a regulated and licensed Forex broker that was established in 2008 and has received more than 50 awards in the last 10 years.
NordFX offers four flexible account types, as well as a demo account, and also supports Copy Trading.
Clients have access to a variety of trading features, such as market news and analysis, trading signals, advanced calculators and currency converters.
Beginners can use the NordFX learning centre to learn more about Forex trading.
NordFX Pros and Cons:
| ✔️Pros | ❌Cons |
| Easy to open an account | Limited product offering |
| Flexible account types offered | Not regulated by ASIC or FCA |
| VPS hosting | Penalty fee charged for inactivity |
| Supports Copy Trading |
FxPro
Overall Rating USD 100 FCA, CySEC, FSCA 📱 Platforms FxPro platform, cTrader, MT4, MT5 Yes 💵 Account Currency EUR, USD, GBP, CHF, PLN, AUD, JPY, ZAR Yes 📊 Leverage 1:200 🛒 Instruments Forex, Metals, Indices, Shares, Energies
4.6/5
Minimum Deposit Regulators Islamic Account
FxPro has received over 90 industry rewards and an account can be created in less than 5 minutes.
FxPro guarantees low latency and fast execution speeds, with more than 2,100 instruments to trade and flexible payment methods.
FxPro offers a total of 70 Forex pairs with tight spreads and is a suitable option for beginners.
FxPro Pros and Cons:
| ✔️Pros | ❌Cons |
| Highly regulated | Only 1 account |
| 8 Base currencies | Inactivity fees |
| Supports Copy trading and Social trading |
FBS
16,000,000+ Traders Overall Rating USD 1 CySEC, IFSC, FSCA, ASIC 📱 Platfroms MT4, MT5, FBS trader, CopyTrade ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:30 🛒 Instruments Forex, Indices, Stocks, Metals, Energies, Crypto Welcome bonus 🏛️ Visit Broker FBS has launched a new type of account specifically for trading cryptocurrencies. The new Crypto account has over 100 instruments with digital currencies. BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments.
4.7/5
Minimum Deposit Regulators Islamic Account Leverage
FBS has more than 15 million clients globally and is regulated by 4 top-tier entities.
This broker offers 5 account types, as well as demo and swap-free accounts, and you can get more out of your investments with the FBS loyalty program.
You can start trading Indices, Stocks, Forex, Energies, Metals, Crypto by depositing only 1 USD with FBS and you can use MetaTrader 4 and 5, CopyTrade or the proprietary FBS Trader app.
FBS Pros and Cons:
| ✔️Pros | ❌Cons |
| Beginner’s option | Low maximum leverage |
| 5 accounts | 2 base currencies |
| MetaTrader support | |
| Low minimum deposit |
HFM (HotForex)
Overall Rating USD 5 FCA, FSA, FSCA, DFSA, CySEC, FSC 📱 Platfoms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, ZAR, USD, NGN Yes 1:1000 🛒 Instruments Forex, Metals, Energies, Indices, Shares, Commodities, Bonds, Stocks, ETFs 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
HFM requires a minimum deposit requirement of only $5 and accounts can be funded using ZAR, USD, NGN or USD.
HFM clients can choose from 5 unique accounts and there are many assets offered, including ETFs, Stocks, Metals, Shares, Forex, Bonds, Energies, Indices, and Commodities.
HFM offers demo accounts and Islamic accounts and is regulated by DFSA FSA, FSCA and FCA.
HFM Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | 4 base currencies |
| Highly regulated | Inactivity is penalised |
| Many asset classes offered | |
| Negative Balance Protection |
IC Markets
Overall Rating USD 200 FSA, CySEC, ASIC 📱 Platforms MT4, MT5, cTrader ₿ Crypto Yes 💵 Account Currency AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF Yes 1:500 🛒 Instruments Stocks, Commodities, Indices, Forex, Bonds, Crypto, Futures 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
IC Markets is an ASIC and CySEC-regulated broker that is suitable for retail trading, day trading, scalping and EA trading.
This broker requires an initial deposit of 200 USD and accounts can be funded using CAD, AUD, JPY, GBP, USD, HKD, EUR, NZD, SGD or CHF.
You can trade Bonds, Indices, Commodities, Crypto, Forex, Futures and Stocks with IC Markets and use MetaTrader 4 and 5, or cTrader.
IC Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| 5+ base currencies | No clients from US |
| Tier-1 regulations | High minimum deposit |
| MetaTrader support |
LiteFinance
Overall Rating USD 50 CySEC 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, EUR, MBT, USD, EUR, MBT Yes 1:1000 🛒 Instruments Forex, Metals, Oil, Stocks, NASDAQ CFDs, NYSE CFDs, Crypto 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
LiteFinance has nearly 1 million clients and offers a multilingual website with plenty of educational material for beginners.
You can choose from 2 accounts and demo accounts and swap-free accounts are provided.
LiteFinance facilitates the trading of Oil, Cryptocurrencies, NASDAQ CFDs, NYSE CFDs, Metals, Stocks and Forex, and your initial deposit requirement is only 50 USD.
LiteFinance Pros and Cons:
| ✔️Pros | ❌Cons |
| Variety of tradable assets | No US clients |
| Rebate program | |
| MetaTrader support | |
| Low minimum deposit |
XM
Overall Rating USD 5 ESMA, CySEC, ASIC, FCA, IFSC, DFSA 📱 Platforms Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform ₿ Crypto No 💵 Account Currency USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB Yes 1:1000 🛒 Instruments Commodities, Forex, Stocks, Crypto, Metals, Shares, Energies 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
XM is regulated by 6 entities across multiple jurisdictions and you can trade Crypto, Stocks, Metals, Shares, Energies, Commodities and Forex with this broker.
XM has over 5 million clients in nearly 200 countries and offers over 1,000 instruments.
XM requires a competitively low minimum deposit of only 5 USD and you can fund your account using GBP, AUD, CHF, RUB, JPY, HUF, EUR, PLN or USD.
XM Pros and Cons:
| ✔️Pros | ❌Cons |
| Very low minimum deposit | No fixed spreads |
| 5+ base currencies | No US clients |
| MetaTrader support | Inactivity fees |
| Promotions and signup bonuses |
eToro
Overall Rating USD 50 FCA, CySEC, ASIC 📱 Platforms eToro app, OpenBook, eToro CopyTrade ₿ Crypto Yes 💵 Account Currency USD, AUD, CNY, CAD, GBP, EUR, JPY, RUB Yes 1:30 🛒 Instruments Stocks, Commodities, Indices, Forex, ETFs, Cryptocurrencies 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
eToro is a great option for social traders and beginners.
eToro has more than 25 million clients and they are regulated by ASIC, FCA and CySEC.
eToro is a popular NASDAQ broker and they offer a variety of Stocks, ETFs, Forex, Cryptocurrencies, Commodities and Indices.
A minimum deposit of $50 is required to trade with eToro and accounts can be funded using USD, JPY, RUB, CNY, AUD, EUR, GBP or CAD.
eToro Pros and Cons:
| ✔️Pros | ❌Cons |
| CopyTrading allowed | Account info lacking on website |
| 25mil+ clients | Low maximum leverage |
| Flexible leverage | Withdrawal fee of $5 |
| Free stock and ETF trading in EU |
Conclusion
Neteller offers a secure, efficient and low-cost, secure alternative to making online payments using traditional methods. It also keeps your sensitive bank account information off the internet.
Neteller users benefit from loyalty rewards, lower transfer fees, cashback rewards and much more. It is one of the most widely accepted payment methods on thousands of websites and is 100% legit.
We hope that this review of the 15 Best Neteller Forex Brokers will help you find a broker that aligns with your trading goals so that you can trade with confidence.
Good luck with your trading!
FAQ
What is Neteller?
Neteller is a digital payment system that can be used to make secure online payments.
How does Neteller work?
Neteller lets you deposit funds into a digital wallet that can be used to make payments directly from the wallet instead of using your bank account details.
What is Knect?
Knect is Neteller’s loyalty program that rewards users with redeemable bonuses for completing tasks.
Can I buy and sell Crypto on Neteller?
Yes, the Neteller app can be used to instantly buy and sell cryptocurrencies.
Is Neteller available in multiple languages?
Yes, Neteller’s website and app can be viewed in multiple languages, including Italian, Indian, Spanish and several others.
Does Neteller offer discounts on fees?
Yes, your transfer fees can be discounted by participating in the loyalty program.
Does Neteller have a debit card?
Yes, Neteller’s debit card can be used to deposit money into your Skrill account and to make payments anywhere Visa is accepted.
Is Neteller safe?
Yes, we believe Neteller is safe. It is one of the most popular payment apps in the world and is accepted by thousands of merchants and online brokers globally.
