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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Can you request a chargeback from Neteller?
Yes, you can. If you trade with a trusted and regulated broker, just contact the regulatory agency and inform your transaction history. Then, the regulator will handle and process your chargeback request and you will get your refund in a short time. Furthermore, if the hacking is somewhat proven to be inflicted by some errors in the Neteller's system, the company is obligated to be the one giving you the chargeback.
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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
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.
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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)