AvaTrade Neteller

Yes, you can use Neteller to fund your account at AvaTrade.

Looking for the best brokers that accept Neteller? You are in the right place. Our brokerage analysts compiled a list of the best Neteller brokers in the world by checking their services and opening an account at each one of the reviewed brokers. Alternatively, for more details on all withdrawal options available at AvaTrade, visit this guide on AvaTrade's withdrawal, compiled by our analysts after live testing the broker's withdrawal services.

AvaTrade features and service highlights

My key findings in a nutshell

My key findings in a nutshell

Adam Nasli

Forex • Algo Trading • Market Analysis

I am a seasoned forex trading expert, with nearly a decade of experience in both manual and algorithmic trading. I have personally tested more than 40 different forex brokers, developing an in-depth understanding of the most common platforms, products and fee structures offered by forex brokers.

Learn about our methodology

Adam Nasli

Forex • Algo Trading • Market Analysis

I've thoroughly tested AvaTrade services with our analyst team by opening a real-money account and these are my most important findings:

• Neteller offers safe and secure online payment services, regulated by the UK’s Financial Conduct Authority (FCA).
• Neteller has specific features for forex and other online traders.
• It offers the option to buy and sell 40 different cryptocurrencies.
• International money transfers are free to a bank account, but it charges higher fees than some of its competitors on other services.

Neteller is a web-based payment provider, offering money transfer and online payment (e-wallet) services. It’s available in 200 countries and offers a digital wallet in 40 currencies, plus a prepaid card in Europe and the UK.

It was established in 1999 and after a series of mergers it is now owned by the UK-based Paysafe Group. It specifically targets forex traders, cryptocurrency owners and gambling clients.

Neteller is a safe and secure online payment system, regulated by the FCA in the UK. It offers enhanced safety features, such as IP checking, safety code, a two-step verification option and advanced anti-money laundering measures.

Your bank and credit card details are safely stored within your Neteller account. You can use it to fund many online brokerage accounts without having to disclose your financial details.

Using Neteller to fund your brokerage account is very simple. First, you have to open an account with Neteller, using an email address and a quick verification process.

Fund your Neteller account with a debit/credit card or transfer money from your bank account. Other options are also available. Check out the fees Neteller charges to deposit money into your Neteller wallet.

Once you have money in your Neteller account, you will be able to fund your brokerage account, instantly and free of charge.

Go to the client area of your brokerage account, choose ‘deposit funds and select Neteller as your payment option.

Is depositing instant with Neteller?

Yes. Depositing money to your brokerage account is instant, letting you quickly react to a good trading opportunity.

Withdrawals from your trading account to Neteller

Withdrawals from your brokerage account to your Neteller account take time. Depending on the brokerage, it’s usually one or two business days. Your broker may charge a fee for withdrawals.

As any other payment method, Neteller has a set of advantages and disadvantages.

Benefits of using Neteller

• Your bank account and debit/credit card details are safe within your Neteller account.
• Secure, fast and free money transfers to your trading account allow you to react fast to market movements.
• Advanced safety features: two-step verification and a safety code for transactions
• The Neteller mobile app, available in the Apple App Store and on Google Play, helps you fund your trading account and react to fast-moving markets on the go.
• You can buy and sell 40 different cryptocurrencies and manage your portfolio within your Neteller account.

Disadvantages of using Neteller for online trading

• Depositing money into your Neteller account carries a fee, even if it’s from your bank account. The cost is usually between 1% and 5% of the transaction value.
• Other fees: Neteller charges for withdrawing money into a bank account or credit card, and it adds a currency conversion mark-up on top of the European Central Bank exchange rates it uses as benchmark.
• Neteller is restricted in several countries, for instance it’s not yet available in the United States.
• Some brokers charge a fee for withdrawals from your brokerage account to your Neteller wallet.

Yes, Revolut and Wise are available at AvaTrade.

Although Neteller, Revolut and Wise all offer similar services, they do it in different ways and at different costs. You may find that Revolut and Wise are cheaper alternatives, especially when it comes to international and/or multi-currency transactions and also for sending money to or withdrawing money from your electronic wallet.