POLi is an Australian online payment service that works by connecting directly to the user’s bank account. This is instead of connecting to a payment card like Visa or MasterCard, like most other online payment services rely on. As a result, POLi is one of just a few funding methods that can be used even by people who don’t have any payment cards.
A fair number of forex brokers that are regulated by the Financial Conduct Authority (FCA) in the UK accepts POLi as a funding method. This is particularly true for brokers that are targeting Australian and New Zealand-based traders, which is the region where POLi is most used today. The company behind POLi is owned by Australia Post, which in turn is owned by the Australian government.