Forex Brokers that Accept NETELLER

Compare Forex brokers and trading sites that accept NETELLER for deposits and withdrawals. Fund your trading account instantly and withdraw gains to a prepaid Mastercard®.

Brokers we recommend


4.7 / 5 AvaTrade
77.82% of retail CFD accounts lose money

AvaTrade.com is an award-winning online broker, in business since 2006. Trade CFDs on one of the widest possible range of instruments and asset classes, from Forex to ETFs and government bonds.


4.2 / 5 HYCM
85% of retail CFD accounts lose money

HYCM.com, formerly HY Markets, is an award-winning regulated online broker suitable for day traders as well as long-term investors. It's also an established broker, in business since 1999.


Comparison table

We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
AvaTrade 4.7 5.0 4.2 4.7 4.8 5.0
HYCM 4.2 5.0 3.8 4.4 3.8 4.0
Forex (CFD)Cryptos (CFD)*Stocks (CFD)Indices (CFD)ETFs (CFD)Metals (CFD)Energy (CFD)Commodities (CFD)Bonds (CFD)
AvaTrade 5514612233191072
HYCM 6728151271334
MT4MT5Copy trading
AvaTrade
HYCM
Bank transferDebit cardCredit cardNETELLER *Skrill *
AvaTrade
HYCM
AustraliaCayman IslandsCyprus (EU)South AfricaSt. Vincent & the GrenadinesUAEUK
AvaTrade
HYCM

* Availability is subject to local laws and regulations.

Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.



4.7 / 5 AvaTrade
77.82% of retail CFD accounts lose money

AvaTrade.com is an award-winning online broker, in business since 2006. Trade CFDs on one of the widest possible range of instruments and asset classes, from Forex to ETFs and government bonds.

  • Likes
  • Over 750 financial instruments on MT4/5.
  • Get free daily trading signals.
  • Easily copy professional traders.
  • No fees on deposits or withdrawals.
  • Get one-on-one assistance when you deposit US$1,000.
  • Dislikes
  • You cannot trade on raw spreads.
  • Quarterly and annual inactivity fees.
Our take on AvaTrade

The breadth of assets available to trade through its platform sets AvaTrade apart from the competition. You'll find over 750 instruments, including currencies, stocks, indices, ETFs (and leveraged ETFs), precious metals, commodities, cryptocurrencies, and government bonds.

AvaTrade supports the MT4 and MT5 platforms, available for Windows and iOS devices. Its web trading platform is sleek, with advanced charting tools. AvaTrade's spreads are competitive and fixed, which can provide a more predictable trading environment, well-suited for beginners.

Its customer service is excellent too. Every time a question has arisen, we've been able to speak to a customer support agent easily through a local telephone number. Our queries were resolved within minutes. AvaTrade support is available five days a week through various channels, including WhatsApp.


4.2 / 5 HYCM
85% of retail CFD accounts lose money

HYCM.com, formerly HY Markets, is an award-winning regulated online broker suitable for day traders as well as long-term investors. It's also an established broker, in business since 1999.

  • Likes
  • Trade CFDs or invest in over 1,000 "real" stocks.
  • Trade on MetaTrader 4 or MetaTrader 5.
  • Get free signals from Trading Central.
  • Open a trading account in USD, EUR, GBP, CAD and AED.
  • Dislikes
  • Trading fees on its Fixed and Classic accounts are a little high.
  • Monthly inactivity fees apply after 90 days.
  • Copy trading isn't possible.
Our take on HYCM

Trade over 300 instruments across a wide range of markets, spanning currencies, cryptocurrencies, stocks, indexes, and commodities. HYCM offers a variety of trading accounts for beginners and more experienced traders, on the MetaTrader 4 and 5 platforms.

Of note, 'buy and hold' investors can now access over 1,000 'real' stocks, and earn dividends on their investments. It is possible to invest from as little as $10 through fractional ownership. This service includes American, Asian, and European stocks.

HYCM is an established broker, in business since 1999. It is also a safe place to trade, being overseen by regulators in the EU, the UK, the UAE, and other regions. HYCM provides a reliable trading environment. However, its trading fees are somewhat higher than the competition, unless you open a Raw account.

NETELLER lets you shop securely, transfer money anywhere in the world and have instant access to your funds through its prepaid Mastecard®.

Forex deposits and withdrawals

NETELLER is a popular choice with Forex traders because of its speed and simplicity.

  • Depositing funds: to deposit funds into your trading account, simply use the email address associated with your NETELLER account. Payments are instant and free of charge from NETELLER. You should, nonetheless, check whether your broker charges fees on deposits.
  • Withdrawing funds: if you have used NETELLER as a funding method, your broker will send any withdrawals to the same account. Withdrawal processing times vary with each broker. However, you can have confidence than the payment will happen instantly as soon as it is processed.

For transactions that require a currency conversion, NETELLER adds a 3.99% fee to the average daily interbank market rate published by a third-party foreign currency data provider. To avoid this currency exchange fee on both the deposit and withdrawal legs, you should take care to open an account with a base currency that matches that of your NETELLER account. If you cannot find a match, NETELLER may not be the right choice for you. You could look into bank transfers or card payments, however, they will also incur currency conversion fees of their own.

How to fund your NETELLER account

You can't use your NETELLER Wallet without funding it. NETELLER supports a wide range of deposit methods including bank transfers, credit cards, debit cards as well as Bitcoin. It supports many other local payment solutions in the 200 countries it operates in. NETELLER charges a 2.5% fee on all incoming payments, except that in excess of US$ 20,000 (or equivalent). In other words, no fees will apply if you deposit US$ 20,000 or more (or equivalent).

How to withdraw money from your NETELLER account

Getting money out of your NETELLER account is fast and secure. Withdrawal options vary across countries but typically include local and international bank transfers, costing US$ 10 and US$ 12.75 respectively. You may also send money to a mobile phone wallet like M-Pesa in Kenya and Sri Lanka, subject to a 1.45% withdrawal fee. If the withdrawal requires an exchange of currencies, NETELLER will also apply a 3.99% currency conversion fee. Find out more about NETELLER's fees.

NETELLER's prepaid Mastercard® will be of interest if you are looking to spend the monies on yourself, online or in the real world. You may also withdraw cash from millions of ATMs worldwide. The card is accepted anywhere that Mastercard is accepted. Cash withdrawals incur a 1.75% fee. A 3.99% foreign exchange fee will also apply if the withdrawal is in a currency other than your account currency. Visit NETELLER.com to get started.

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Author

About the author

I'm Stéphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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