POLi is an an online payment service provider based in Australia that allows users to pay for various goods and services online without the need for a credit card. Instead, POLi works by connecting directly with the user’s bank account, and the money is transferred to the merchant via POLi’s own system. POLi’s payment system also differ from traditional credit card payments in that transactions cannot be reversed by banks, even if made by mistake. Over the years, this has drawn criticism from some banks who are worried about the security of the system.
A pretty large number of forex brokers today accept POLi as a payment method for funding trading accounts. The service is ideal for traders who either don’t have a credit card, or for those who for various reasons don’t want to use it. POLi also offers fast and secure payments, allowing new forex traders to fund their accounts and get started trading faster.