Best Forex Brokers Accepting Neteller 2022 + Free Cashback!

How to Get the Most Out of Neteller

Neteller, once you're set up, is truly excellent. It offers seamless money transfers to merchants and friends - but if you're not fully established, it can come with a few pain points. 

You'll find a breakdown of an average, brand-new (non-VIP) Neteller user's experience on the left; on the right, you'll see what eWalletBooster users get for free. 

Okay - I need you to pay attention here, as this is super important:

Connecting your eWalletBooster and Neteller accounts is entirely free and takes less than five minutes. Really. There's no catch, no surprise fees - you just get a better Neteller forex experience for zero investment on your part. Click here to do so.

How to Deposit at Forex Sites With Neteller

Neteller treats forex brokers like any other merchant. As such, the deposit process is very easy to understand. Keep in mind that you'll need a verified Neteller account to complete this process - but that's detailed right here, just for you.

Now - here's how to deposit to a forex site with Neteller:

1. Log in to your chosen broker's website.
2. Navigate to the payment tab, generally in (or next to) your profile.
3. Select "Deposit" and enter your preferred currency and desired deposit amount.
4. Choose Neteller as your payment method.
   • Often, Neteller is listed under "Alternative Payment Methods" or "E-wallets."
5. Confirm your choice, and you'll be redirected to Neteller - log in and continue.
6. Double-check that each entry is accurate and confirm the transaction.

The funds will generally clear into your account within fifteen minutes, though it may take up to one hour before they're available. Reach out to Neteller customer support if needed - but be patient.

How to Withdraw From a Forex Site With Neteller

Luckily, Neteller doesn't like making its users' lives difficult. As such, they decided to keep the withdrawal and deposit processes (for forex brokers and other merchants) identical. You'll only have two major differences in the process:

1. Withdrawn funds will clear in 2-3 days, rather than in one hour.
2. You will be selecting "Withdraw" (or a similarly-named button), rather than "Deposit."

After this, it's pretty straightforward. Follow the deposit steps listed above and enjoy the withdrawal! 

As per usual, be sure it's all correct before confirming the transaction.

Neteller & Forex Brokers: FAQ

Is forex legal in the UK?

Yes, forex is entirely legal in the UK. Keep in mind, though, that not all brokers are the same. 

You'll want to find a licensed, authorised broker that's regulated by the Financial Conduct Authority (FCA). If they're not, then you just found a sketchy broker! Congratulations - now, don't use them.

Before choosing any broker, begin by checking the FCA Financial Search Register to see if your broker is properly registered. From there, see if they offer any of the following (if so, it's a good sign):

1. Rolling spot forex contracts
2. Spread bet
3. Shares
4. Contractually Based Investments (CBI)
5. Security

Is Neteller a smart choice for forex?

Yes! Neteller is incredibly well-suited to forex, along with many other investment opportunities. They've built a reputation for extremely fast payments with state-of-the-art security, and that's exactly what you want when investing in forex. 

What benefits can Neteller offer for forex in the UK?

Beyond the obviously excellent e-money transfer services, Neteller offers its users quite a bit to love. You'll find that they have an incredibly transparent fee and limit structure, meaning you won't be ambushed with mystery fees or sudden freezes on your account.

Additionally, Neteller's wonderful VIP programme lets top users do their thing for drastically reduced fees and a handful of extra great perks.

What makes Neteller so popular with forex brokers in the UK?

Neteller is popular with forex brokers around the world, but UK brokers love them for the same reason everyone else does - Neteller is awesome!

I know that we've hammered this home quite a bit, but Neteller's security and speed make it very well-suited to forex, where seconds can make the difference between turning a profit or a loss.

And, unsurprisingly, forex investors love knowing their funds will be as safe as possible while investing.

Are limits placed on forex traders when using Neteller in the UK?

Yes, you will have some limits placed when trading forex with Neteller in the UK. However, these aren't applied by the broker or Neteller - they come from the government. 

How does the saying go? "Two things are certain in this life: death and taxes."

Yeah - we're talking about taxes.

When creating a forex account with a new broker, you’ll have all profits ranked by the HMRC into one of three categories, depending on how much you make in profits:

UK Location Restrictions

UK citizens are able to use Neteller and trade forex without any major restrictions. 

UK Age Restrictions

All UK citizens are required to be at least eighteen (18) years of age to invest in forex, and Neteller requires all users to be at least 18 years old to make use of any of its services.

UK Forex Trading: A History

Neteller is an e-money transfer service with millions of users in dozens of countries around the world. This UK-based company is owned by its American parent company, the Paysafe Group.

Ultimately, this means that Neteller is regulated by both the British Financial Conduct Authority (FCA) and the American Securities and Exchange Commission (SEC), meaning they're held to a massive standard. Additionally, you'll find that Neteller obsessively follows the letter of the law, ensuring you can rest easy knowing your money is incredibly secure from bad actors.

This has earned them plenty of love in recent years, but forex investors particularly love Neteller due to its VIP programme. I mean, reduced FX fees, higher account limits, and multiple top-tier services are pretty dang hard to pass up - especially when linking your account with eWalletBooster.