Best POLi Brokers 2026
Discover the best brokers with POLi deposits and withdrawals following our rigorous hands-on tests.
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Understanding POLi for Trading
POLi is a New Zealand-based online payment system that provides a simple alternative to credit cards. Traders can use it to quickly transfer funds to their trading accounts using their internet banking login, which helps skip long payment forms and credit card details.
Here, let’s explore how POLi works, its safety features, costs, and more so you can decide if it’s right for you.
Top Brokers That Accept POLi Payments
To find the best brokers accepting POLi, we:
- Checked our database of 500 online brokers to see who takes POLi payments.
- Ensured they offer POLi for both depositing and withdrawing money.
- Ranked them based on their overall ratings, combining our own reviews and a host of data entries.
About POLi
POLi started in 2006 as part of Australia Post and was extremely popular in Australia until it stopped its operations there in 2023. Now, POLi operates only in New Zealand, partnering with eight banks like ANZ and Kiwibank.
POLi lets you pay using the money you already have in your bank account, without needing credit card details. It links directly to your online banking, so it’s fast and easy.
Depositing Funds Using POLi
To deposit money using POLi at brokers like IC Markets:
- Find the POLi logo in your trading account.
- Enter the amount you want to deposit.
- Log in to your bank to confirm the transaction. You might need a verification code depending on your bank.
Remember to check your broker’s limits on deposits to avoid any issues.
Transaction Speed
POLi processes payments instantly, and you’ll get a confirmation right away. However, your broker might have some processing time which could delay the funds arriving in your trading account slightly.
Security Features
POLi uses advanced security measures, including 2048-bit SSL encryption, to protect your information. During transactions, your login details are never exposed to third parties, keeping your data safe.
Fees and Charges
POLi itself doesn’t charge you for using their service. However, some brokers might have specific fees, especially for withdrawals, so it’s a good idea to check with your broker beforehand.
Benefits of Using POLi Payments
Simple and Convenient
POLi is very user-friendly. You don’t need to register or install any apps; just select it as your payment method in your broker’s area.
Secure Transactions
POLi ensures secure data channels so your banking information stays safe. Always review your broker’s security features for even more peace of mind.
Quick Processing
You’ll receive immediate confirmation when you make deposits. However, your broker might have its own processing times.
Trusted Company
POLi partners with many well-known brokers like IC Markets and supports major New Zealand banks, ensuring reliability.
Support for Digital Currencies
POLi also supports digital currencies. You can even make cryptocurrency transactions directly into your account if your broker allows.
Drawbacks of POLi Payments
Availability
POLi is currently only available in New Zealand, which limits its use internationally. However, they might expand in the future.
No Refunds or Chargebacks
POLi doesn’t offer refund options, but they can help resolve disputes with your broker through their support service.
Regulation and Licensing
POLi doesn’t hold a regulatory license, so use caution when opting for this payment method. Nevertheless, they maintain industry standards to ensure safety.
Customer Support
If you need help with payments or other functions, POLi has resources on their website where you can submit inquiries or find answers in their FAQ section.
Your broker’s support team may also assist with any issues related to deposits or withdrawals.
Is POLi Suitable for Trading?
POLi is a fast and secure choice for transactions without extra charges or the need to register. However, it lacks customer support and refund options, and it’s only available to those with a New Zealand bank account.
FAQ
Are POLi Payments Safe for Traders?
POLi is a legitimate payment provider established in 2006. While it’s not regulated, the service ensures data safety, though you should double-check your broker’s protective measures.
Can I Use POLi on Weekends?
You can use POLi on weekends, but the speed of getting the funds into your trading account depends on your broker, though most offer fast processing with POLi.
How Quickly Are POLi Payments Processed by Brokers?
POLi processes payments instantly, yet some brokers might impose their own processing times. Typically, deposits are quick.