Do you want to find a binary options brokers that allow you to deposit and withdraw money using POLi? If you do then you can find a list of the best POLi binary options brokers below. Use our reviews to find the POLi broker that fits your needs the best or go directly to the broker to open an acccount.

Best POLi Binary Options brokers

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About POLi

Founded in Melbourne, Australia in 2006 as CentriCom, POLi Payments Pty Ltd transitioned to its current name and became a prominent online payment platform in the region. In 2014, the platform entered a new chapter when it was acquired by the renowned mobile payment gateway, SecurePay.

Several binary options brokers integrate POLi through an API, enabling a seamless connection to their transaction system. This facilitates traders to safely deposit funds and initiate withdrawals directly via the broker’s platform, sidestepping the need for credit card transactions.

While POLi primarily caters to the Australian and New Zealand markets, it enables traders from these regions to transact with international binary options brokers, granted the broker accepts clientele from these two countries.

Key financial institutions in collaboration with POLi encompass Western Union, Commonwealth Bank, Westpac, and Citibank. Binary options brokers welcoming POLi transactions include notable names like BinaryCent, InstaForex, and High Low.

In addition to these, POLi has a strategic alliance with Neteller. This partnership allows traders to fund their binary options accounts through Neteller using POLi. Binary brokers adopting this combined approach feature respected entities such as Binomo and Expert Option.

Benefits and drawbacks of POLi

What are the pro and cons of using POLi to deposit money to your binary options broker

Benefits of Depositing Money to Binary Options Account Using POLi:

  1. Security: POLi uses advanced encryption protocols, ensuring that your transactions are secure and your banking details are not stored.
  2. No Need for Credit Cards: Traders can bypass the need for a credit card, making it a good option for those who don’t have one or prefer not to use it online.
  3. Instant Transfers: Once a transaction is initiated, funds are typically transferred immediately, allowing traders to begin trading without waiting for funds to clear.
  4. User-Friendly: The platform is intuitive and easy to navigate, making transactions straightforward even for those unfamiliar with online banking.
  5. Direct Bank Access: POLi integrates directly with several major banks, allowing traders to transact using their existing online banking credentials.
  6. No Registration Required: Unlike some other payment systems, there’s no need to create a separate POLi account. Users can transact directly using their bank’s online services.
  7. Low or No Fees: Depositing funds using POLi often incurs little to no fees, ensuring that most of your money goes towards trading activities.

Drawbacks of Depositing Money to Binary Options Account Using POLi:

  1. Limited Availability: POLi is only available to residents of Australia and New Zealand, limiting its global applicability.
  2. Broker Restrictions: Not all binary options brokers accept POLi as a payment method, which might require traders to use an alternative method or choose a different broker.
  3. Bank Limitations: While POLi has partnered with several major banks, not every bank in Australia and New Zealand supports it. Traders need to check if their bank is on the list.
  4. No Chargeback Option: Unlike credit cards where users can initiate a chargeback in case of disputes, POLi transactions are generally final.
  5. Potential Technical Glitches: As with any online platform, there might be occasional technical issues or downtimes which could delay transactions.
  6. Lack of Withdrawal Option: While some brokers might accept POLi for deposits, they might not support it for withdrawals, requiring traders to use a different method to cash out.

In summary, while POLi offers a range of benefits in terms of security, convenience, and cost, potential users should be aware of its limitations and ensure that it aligns with their trading needs and strategies.