Neteller Forex Brokers Regulated in the UK (FCA)
Neteller is one of the biggest independent e-wallet and transfer solutions for individuals, traders, and businesses alike. You can set up accounts in any major currencies as well as transfer money into your account from a bank, credit or debit card, or about 50 other methods. It is a popular payment method among the best online brokers these days.
However, finding the best broker to work with should also consider its regulation. By far, forex brokers regulated by the FCA (Financial Conduct Authority) are mostly chosen by forex traders. FCA has a responsibility to oversee forex and CFD transactions in the United Kingdom. Therefore, we provide you a list of FCA regulated forex brokers that accept Neteller as a payment method.
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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 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
What are the primary objectives of FCA?
If we look more closely, the FCA has three main objectives:
- Protecting consumers,
- protecting and enhancing the integrity of the UK financial system, and
- promoting healthy competition between financial services providers in consumers' interests.
These objectives were based on the Financial Services and Markets Act 2000 and amended by the Financial Services Act 2012.
Continue Reading at FSA Vs FCA: Exposing the Differences and the History
How does FCA pay regulatory visit?
To encourage compliance with the rules, the FCA will also pay regulatory visits, which can be divided into these types:
- Virtual visit: a conference call that can last up to 2 hours with a 6-week notice prior to the call.
- Surgery: an invitation from the FCA for a Treating Customers Fairly (TFC) meeting in a suitable venue.
- Actual Visit: a visit by the FCA team, either announced or announced.
Continue Reading at What are the Top UK Financial Regulators?
