Neteller Forex Brokers Regulated by the CySEC
Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposits and withdrawals. Moreover, this kind of payment promises a fast and secure payment service. Unlike wire transfer, Neteller doesn't need much time to process payments as they will be processed instantly.
However, finding the best broker to work with should also consider its regulation. One of the most sought after forex brokers to trade with are those regulated by CySEC (Cyprus Securities and Exchange Commission). Many forex brokers register under the CySEC due to its easy requirements. Here we provide you a list of CySEC forex brokers providing Neteller payment.
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The CySEC, also known as the Cyprus Securities and Exchange Commission, is a government-owned financial regulatory body based in Cyprus. Since Cyprus is a member state of the European Union, all states listed as members of the European Union recognize financial companies licensed by CySEC.
CySEC might happen to be the largest government-owned regulatory agency of forex and binary options brokers in the world. The agency is responsible for granting as well as monitoring operation licenses to brokerage firms.
Continue Reading at Comparing CySEC Vs FCA Regulation
How to find brokers that support Neteller?
Here are some helpful tips to find out a forex broker that accepts Neteller payment:
- Check the payment method page or the section that explicitly explains the deposit and withdrawal methods.
- If a broker provides Neteller as the payment method, it will show the service's logo on the main page (usually near the footer area). You can also check the FAQ section about funding, deposit, withdrawal, and payment methods.
- Check the Exclusive Offers page. Brokers accepting Neteller usually display some information about offers on certain platforms that are supported.
Continue Reading at Using Neteller for Forex Trading
Neteller is an online payment service (e-wallet/e-money) issued by Optimal Payments PLC. Since its foundation in 1999, the service has reached more than 180 countries all over the world, enabling fund transfers between merchants from various sectors.
Neteller users are commonly interested in their services because they have two types of accounts. The first is a premium account called Neteller VIP, and the second is a regular account. The VIP account offers more attractive features, such as lower fees, higher transfer limits, and other perks.
Continue Reading at Using Neteller for Forex Trading
What is the structure of CySEC?
CySEC is run by a board of five people, along with two full-time staff members, a chairman, and a vice chairman. On the highest part of that, the Central Bank of Cyprus is represented by a board member who does not have a vote. The government is also attached to CySEC, in which the Minister of Finance makes suggestions to the Ministerial Council about who should be on the boards of directors.
Continue Reading at A Guide to Cyprus Securities and Exchange Commission (CySEC)
