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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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)
What benefits can you get from Neteller?
- You can directly fund your trading account from your Neteller account.
- You can also withdraw from your trading account and transfer the funds to your Neteller account.
- Signing up for an account is simple and easy.
- The best part of the service is the quick speed transfer, so the payment process would not bother your trading activity.
- Forex brokers will not charge you any fees if you choose to deposit or withdraw through Neteller.
- Payments via Neteller are secure. Neteller company has thought about the security of its customers, so it utilizes the service with the most sophisticated technologies.
- Neteller offers a currency conversion that charges you a small fee only.
- You can withdraw funds to your local bank account in your currency because Neteller serves as a worldwide digital wallet.
Continue Reading at Using Neteller for Forex Trading
How to withdraw from trading account via Neteller?
- Firstly, open the payment section from your broker's member area.
- Then, the withdrawal option.
- Type some amount of money you want to withdraw.
- Choose Neteller among the payment methods provided.
- If you choose Neteller for withdrawal, you will be redirected to another page that requests some credentials you use to log in to the Neteller account.
- Finally, verify your withdrawal request and wait until Neteller approves it.
- After the approval, you need to wait for your money transfer for approximately 1 to 2 business days.
Continue Reading at Using Neteller for Forex Trading
How secure is Neteller for forex traders?
Whatever transaction you make with a forex broker, Neteller will never ask you to attach any kind of sensitive information. As mentioned before, you only need to log in to your account and authorize your payment request. The password is the simple protection for your personal information and funds. In other words, your broker won't get any sensitive data from you.
Moreover, Neteller convinces you that when you are transferring or withdrawing some money to your e-wallet, no third party can see your important information. It encrypts any data coming from the client, so none of the other parties involved in a transaction can access it; although the information might be exposed during the Neteller transaction.
Continue Reading at Using Neteller for Forex Trading
