NETELLER Binary Options Brokers
NETELLER (Neteller ) is an e-wallet payment system that allows individuals to pay and receive money for goods and services online. Neteller compares with other e-wallet services such as PayPal. Moneybookers. etc. Not only can Neteller serve as an online wallet, it also supports third-party processing of credit cards and other payment services.
About Neteller
Neteller is owned by Optimal Payments Ltd, and since 1999, the company has been offering these payment services, with improvements and expansion of the product/service base being made over time. Today, Neteller is being used in more than 200 countries. Neteller has a license to provide money transfer services in the UK, being regulated by the Financial Conduct Authority. As is required in the UK, all funds belonging to account holders and traders are held in segregated accounts, ensuring that even in the unlikely event of bankruptcy, transferred funds are not going to be affected.
Because Neteller can be used for money transfers, this service has found use in the binary options market as a method of depositing and withdrawing funds from trading accounts. Traders with brokerage accounts in firms that accept Neteller as a payment option can use any one of these products for their transactions:
a) NETELLER eWallet
The NETELLER eWallet is the flagship product in which a trader opens a Neteller account and uses same to deposit or withdraw funds to the binary options account.
b) Net+ Prepaid MasterCard®
With the NETELLER eWallet, traders can get access to the Net + branded prepaid MasterCard which can be used to deposit funds into the trading account and can be used to withdraw funds from the binary options trading account. Such funds can then be withdrawn using MasterCard ATMs in more than 200 countries.
Latest Developments with Neteller
With regards to Neteller and the binary options market, Neteller has also followed the footsteps of PayPal to include several countries that were hitherto locked out from its offering. Several countries in Africa and Eastern Europe can now use the Net + prepaid Mastercard. For binary options traders, this presents a new tool which can be used for deposits into the trading accounts.
Neteller has also made it easier to get your binary options account funding/withdrawal options verified. Previously, Neteller staff had to make a phone call to the listed phone number to verify the trader’s account. Now, depending on your country of origin, simply filling the online form and submitting your documents online is enough to get you verified, a process which works with an IP tracker from the Neteller facility. Others have a much simpler process of verification to conduct.
With an enhanced transaction limit of $50,000 and license granted by the Financial Conduct Authority, binary options traders now have a new layer of protection, as the company is subject to the same rules and regulations regarding the handling of traders’ capital. This is in terms of the compensation fund as well as the segregation of accounts.
Traders can also get Neteller via specialized exchange services. If you have no money in your Neteller e-wallet, it is now possible to convert other digital currencies into Neteller with which to fund your account. In addition, you can also exchange your Neteller e-wallet balance for cash or other digital currencies after withdrawals from your trading account. Binary options traders now have a lot that they can do if they trade with Neteller binary options brokers.
But which brokers offer Neteller as a funding/withdrawal option on their binary options platforms? A list of Neteller binary options brokers is presented below:
More Information about Neteller Brokers Below:
24Option offers its traders the use of Neteller. Traders can fund and withdraw with their Neteller accounts to the tune of $250 and this is processed and deposited to the trader’s account instantly. There are funding limits attached to the use of Neteller. A service fee of 3.5% of withdrawal amount is charged whenever the trader exceeds the monthly withdrawal quota of one withdrawal in a month.
Neteller is one of the payment options available to traders on TopOption. Deposits and withdrawals are near instantaneous, making it a great choice for those who are looking for an e-wallet alternative to some of the conventional ones on offer.
Traders can withdraw the basic amount of 30 euros from their binary options trading accounts. With this broker, traders can also use Neteller to withdraw or deposit money using other e-payment methods such as Poli, SoFort, iDeal and GiroPay.
With $100, traders can set up deposits using Neteller on the EmpireOption platform. Traders do not pay any charges for using Neteller save for when the trader makes more than one withdrawal on the trading account.
EZBinary is another broker that offers its traders the use of Neteller as a means of depositing and withdrawing funds from the binary options account. The minimum amount that can be deposited with Neteller is $200 while the maximum is set at $5000.
There is no doubt that with the increasing global presence, appeal and acceptance of Neteller, it is becoming one of the most sought after brands as far as e-wallet payments are concerned. The complexities attached with the use of an e-wallet provider like PayPal have been removed by Neteller without compromising any of the security features and standards that I srequired of a money transfer service.
Many binary options brokers now offer Neteller as a payment solution. So a binary options trader who has access to a Neteller account or a Net + card can now have unrestricted access to binary options trading services anywhere in the world.