Neteller is a payment system provider which is based in the British Isle of Man and regulated by Financial Conduct Authority. It was founded in 1999 and is operated by Optimal Payments PLC, a company which is publically traded on London Stock Exchange. Neteller is very popular in the online gambling industry and also in Forex and Binary Options trading. Its closest competing company is Skrill.


Here is a list of Neteller's top features which attract Forex traders to use this system:

  • No fees of any kind when sending and receiving money within the system.
  • No fees for deposits and withdrawals with Forex brokers.
  • Pre-paid MasterCard for easy withdrawals.
  • Loyalty program for VIP members starting from $10,000/year turnover.
  • Redeemable point rewards even for non-VIP members.
  • No need to verify your identity until you decide to withdraw from your Neteller wallet.
  • Verification process usually requires just one ID document scan.
  • Neteller is an international payment system which is allowing residents from more than 200 countries to open an account.

As you can see the main advantage of this payment system is that you are able to fund your trading account without paying any intermediary fees. This is possible because with Neteller only merchants have to pay fees; in the case of Forex trading these merchants are the brokerage firms.


In March of 2015 Optimal Payments Plc - the operator of Neteller - has acquired Skrill from CVC Capital Partners which was its former owner.