Even more popular among forex & CFD brokers than PayPal is Skrill, an e-wallet platform owned by the British FCA-regulated company Paysafe Group Limited. Skrill is designed to be an incredibly convenient way to transfer money between different users, regardless of the countries the users are located in. The payment platform is also far faster and cheaper compared to traditional methods like international bank transfers.
As a widely used funding method among forex brokers globally, many brokers located in Australia and regulated by the Australian Securities and Investment Commission (ASIC) also accept Skrill. However, it’s important to pay attention to the fees, as some brokers charge their own processing fee on top of Skrill’s fee for accepting the deposit.