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POLi forex brokers

POLi is an online payment system designated mainly for residents of Australia and New Zealand. It allows traders to transfer funds directly from their bank account to their online trading account. The service is developed by POLi Payments Pty Ltd, a Melbourne based company, which is owned by SecurePay Holdings, a wholly owned subsidiary of Australia Post. 

 
One of POLi’s main advantages is it allows users to deposit instantly and doesn’t require registration. It also doesn’t charge any fees, but users need to have an account with one of the banks POLi works with. Note that while POLi does not charge consumers any fees, banks usually do. Here is a list of these banks:
 
ANZ, Bank of Melbourne, BOQ, BankSA, Bankwest, Bendigo Bank, Citibank, Commonwealth Bank, CUA , IMB Building Society, ME Bank, NAB, Newcastle Permanent, People’s Choice Credit Union, St. George Bank, Suncorp, Westpac, ASB, Bank of New Zealand , Kiwibank and TSB Bank. 
 
Probably the main disadvantage of POLi as a payment method is its limited availability, since it can only be used by residents of Australia, and New Zealand who have accounts with the above-mentioned banks. Also, note that payments made via POLi cannot be reversed by the bank (unlike those made via credit card).
 
Being more of a local e-payment service, POLi is supported by most Australian forex brokers. Here is a list of the brokerages that use this payment option.

POLi forex brokers

Broker Country Regulation Platforms Min.deposit Review
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
Australia ASIC MT4, MT5 $100 Review

Related News

IC Markets Adds Neteller, POLi to Payment Methods

Feb 23 2014 10:03:09 Forexbrokerz.com in Brokers

IC Markets, the Sydney-based Forex broker, has beefed up the lineup of its payment options, making funding and withdrawals even more convenient for its clients. Read more

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