Neteller is a payment system provider which is based in the British Isle of Man and regulated by Financial Conduct Authority. It was founded in 1999 and is operated by Optimal Payments PLC, a company which is publically traded on London Stock Exchange. Neteller is very popular in the online gambling industry and also in Forex and Binary Options trading. Its closest competing company is Skrill.
Here is a list of Neteller's top features which attract Forex traders to use this system:
As you can see the main advantage of this payment system is that you are able to fund your trading account without paying any intermediary fees. This is possible because with Neteller only merchants have to pay fees; in the case of Forex trading these merchants are the brokerage firms.
In March of 2015 Optimal Payments Plc - the operator of Neteller - has acquired Skrill from CVC Capital Partners which was its former owner.