Neotrades
Regulated By : FSC
Headquarters : 
Mauritius
Min Deposit : $10
US Clients :
Leverage : 1:500
Established Year : 2022
Neotrades Overview
Company Information
| Broker Details | Info |
|---|---|
RegulatorsWhat Is Regulation?Forex regulation is therefore all about consumer protection. Regulated Forex brokers are less likely to cheat their clients and where such infractions happen, regulators are empowered by the laws of their respective jurisdictions to apply appropriate sanctions. | FSC |
| Country | Mauritius |
Base CurrenciesWhat is Base Currency?In the forex market, currency unit prices are quoted as currency pairs. The base currency – also called the transaction currency - is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses. | USD |
Type Of BrokersBroker TypesThere are two types of brokers: regular brokers who deal directly with their clients and broker-resellers who act as intermediaries between the client and a larger broker. Regular brokers generally are held in higher regard than broker-resellers. | ECN |
Trading PlatformWhat is Trading Platform?A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three. | MT5 |
| Established Year | 2022 |
| Website Language | English, Chinese, Español, Tiếng Việt, Português, ไทย, Bahasa Indonesia |
| US Clients |
Payment Option
| Method | Getway |
|---|---|
| Acc Funding Methods |  Skrill,  Neteller,  Wire transfer,  WebMoney,  Perfect Money,  Visa Card,  Master Card |
| Acc Withdrawal Methods | Skrill, Neteller, Wire transfer, WebMoney, Perfect Money, Visa Card, Master Card |
Transaction Fees
| Getway | Fees |
|---|---|
| Skrill | 2.99% + $0.30 per transaction |
| Neteller | 2.95% + $0.30 per transaction |
| Wire transfer | 1% - 4% of the transaction amount |
| WebMoney | 0.8% - 2.5% of the transaction amount |
| Perfect Money | 0.5% - 1.9% of the transaction amount |
| Visa Card | 1.9% - 2.9% of the transaction amount |
| Master Card | 1.9% - 2.9% of the transaction amount |
Trading Account Options
| Type | Info |
|---|---|
Maximum LeverageForex LeverageLeverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone. ... Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses. | 1:500 |
Mini AccountWhat Is Mini Account?A forex mini account is a foreign exchange (FX) account which allows beginner traders to enter the currency market using smaller size (mini lot) positions and trading quantities, thus lowering the funds at risk and limiting potential losses. | |
| VIP Accounts | |
Segregated AccountsWhat Is Segregated Account?Segregated account is an important term in the context of Forex trading in which a broker holds their client funds in segregated (separate) accounts that are different from the broker's core banking account. Segregated accounts are used to differentiate between the broker's working capital and its client investments. | |
| Free Demo Accounts | |
Managed AccountsWhat Is Managed Accounts?A managed forex account is where a professional trader/money manager manages the trading on the clients' behalf. The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs. | |
| Pro Account | |
| Minimum Deposit | $10 |
Islamic AccountWhat Is Islamic Account?An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. ... As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates. |
Contact Information & Support
| Type | Info |
|---|---|
| Telephone No | +2302089022 |
| N/A | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | 1ST Floor River Court, 6th St Denis Street P.O Box 1079, Port Louis 11328, Mauritius |
| Website | https://neotrades.com/ |
Neotrades Trading Features
Suitable For
| Trader Level | Yes/No |
|---|---|
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading |
Spreads And Commission
| Trader Level | Yes/No |
|---|---|
Minimum SpreadsWhat Is Spreads?The forex spread is the difference between a forex broker's sell rate and buy rate when exchanging or trading currencies. Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions. | N/A |
| Commission | |
| Fixed Spreads |
Trading Services
| Service | Info |
|---|---|
HedgingWhat Is Hedging?Hedging with forex is a strategy used to protect one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options. | |
| News Trading | |
ScalpingWhat Is Scalping?Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit. | |
| Automated Trading | |
IndicesWhat Is Indices?The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall. | |
CommoditiesWhat Is Commodities?The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. ... Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities. | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy/Social Tradings |
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Xavier Montero Says :
The article is not really accurate, so ou should actually go check the broker’s website. The minimum deposit is not ten dollars or even close to, so be sure to get all the information right.
Gustavo Gilabert Says :
The broker offers many ways to fund account and take money out! Also, it offers a PAMM account as well.
Jerardo Anzures Says :
I prefer swining indices :)) and NeoTrades have them. Check out their PAMM accunts too.
Sancho Abeita Says :
I read only a few lines and all were inaccurate 😂
David Marti Says :
The review is not 100% accurate. Indeed forex, bonds, ETFs, and commodities are available for trading and stocks as well. The range of stocks is impressive and it’s one of their advantages.
Also, copy trading is available although in this review it is said that the platform does not support it.
Raymon Oliva Says :
I really do not think that this review is at all accurate. The broker has multiple accounts and many services omitted by the reviewer.
One reason I joined Neotrades was because of the PAMM account. Inasmuch as I do not have experience in the financial markets, I can still make profits from it. The broker has great trading conditions and a sophisticated trading environment. Although the pricing is on the high side, it is completely suited for serious trading
hidalgo osSa Says :
This review doesn’t seem to be correct, I guess.
Even the minimum depo size is incorrect, lmao, not $10, but $1k. These are different sums, guys.
Neotrades have many functions. I like it.👍
Thiago Rojo Says :
It’s very interesting to me where the reviewers got all the information about Neotrades. It’s definitely not from the official website and not from the reviewer’s personal experience with the company.
It’s out of nowhere, lol.
Basically, the broker is quite a reliable solution for trading as it has required licenses. Also, trading conditions aren’t as nasty as described in the review, hedging is allowed, cause it’s mt5, demo acc is here, all assets are here, besdies cryptos, there are even IPOs. So, I believe it’s a solid broker and my advice to the reviewer – double check all the info.
Santiago J Says :
I really do not get this review. So many things are wrong with it. Like, so who is the broker suitable for? It just seems like lazy work, or maybe automated work… at the very most.
Rafael Quintero Says :
There are a couple of things right in this review, such as the trading platform that is the MT5. the mt 5 trading software used in forex, commodities, stocks and cryptocurrency trading. It has a user friendly interface that i could use even a beginner…timing is a very important part of my trading and mt 5 software offers speedy trade executions.
But some things are also horribly wrong, such as the account types. The author missed that part.
Mauro C. Says :
Pamm accounts were something new for me and I didn’t regret that I used them!
Ly Hui Ha Says :
If I start listing all things that are not true, then my comment will be more than this whole article.
I know about trading conditions and features of Neotrades and what is written here is not true…
Here are some examples:
– broker has free demo account;
– situation with accounts is completely different from what is described here;
– nothing is written correctly about trading at all
I can tell all those who readed this article to forget all this and use at least official Neotrades website.
A terrible article with false information…
Iker Bermejo Says :
This article contains incorrect data
For example, I’m currently trading on free demo account…
Juan Casanova Says :
Neotrades is a true stp broker as far as I’m concerned. It has A book liquidity
Pablo Otero Says :
to anyone who has read characteristics of Neotrades broker described in this article, I recommend that you forget everything that is written here😂 and open the official website of this company👍
Here are a lot of mistakes in this article about trading conditions and other parameters of this brokerage company.
Some examples:
– minimum amount for opening trading account is completely incorrect here.
– I can’t say for sure, but it looks like leverage is wrong here too
– This article says that broker doesn’t provide VIP account, in fact, Neotrades has accounts with more advanced conditions
Monte Amescua Says :
I admire how simplistic the platform is and also how I am able to use and enjoy it to the fullest without feeling confused or complicated. The trading conditions have been great with this broker, most especially the spreads, leverages and fast execution speed. I like the user-friendly application and also the polite customer service response. The vibe and energy I get from here is very positive and I am glad to be a client.
Luis Diaz Says :
The zero fees and commissions are a big part of this platform, I easily flowed with the broker.
leonardo aguilar Says :
Despite the high minimum deposit, this broker`s service is worth every penny. Checked by real XP.
Nasir Kaseem Says :
For forex trading, this broker was more than suitable for me. I enjoyed the reliability and convenience of their MT5 platform and customer support service👍💪😀
Juan Carlos M Says :
There is a lot of information that is missing about Neotrades platform and the other half is misquoted a bit.
Well, to be honest, there are bright spots in this review, for instance, the broker really has many payment methods to deposit and withdraw funds, as well as it has official regulation to carry out activity. Nevertheless, leverage information is misquoted, because it’s 1:400 on the platform. Minimum deposit aum is way bigger, let alone this sum is far from just 10 bucks. 10 bucks isn’t serious and for low-tier brokers, actually.
Neotrades is even better than average companies.😎
gustavo salazar Says :
Such a great broker with favorable trading conditions, low min deposit but still gives bonuses.
Cristian Conde Says :
I love how the review is structured, but it seems like a lot of important information is missing, while it is easily available on its official website. Take the transaction fees, for instance… this article lists various fees for each payment method, while, in fact, Neotrades doesn’t charge any kind of commission for deposits and withdrawals 🙂
Estevon Alvarez Says :
What passive income would you recommend for a newbie like me who doesn’t have enough time to spend on the charts?
Jan Says :
if youre talking Neotrades-related, than join pamm accounts, I would personally say.
Antonio Says :
I think just participating in the IPO events, if you don’t have enough time to look at the charts, is the best solution. You can buy top-notch companies and the profit with a high probability will be guaranteed because as a rule of thumb, many IPOs events always go successfully.