The site is owned by Neotrades Capital Ltd, which is registered in Mauritius. The broker is regulated in the same jurisdiction in accordance with the license issued to it. However, the website content is provided and the business is managed by the affiliate company NTrade Services Ltd, which is based in Cyprus. In addition, phone numbers in 9 countries are listed for contacting. As for the work experience, the date of the project start is not specified by the broker. However, the domain was registered in 2010 by the representative of Neotrades Capital LTD from MU.
Is it worth trusting money to this project or are there actually fraudsters operating under the guise of a brokerage company?
Client registration on Neotrades is typical for a brokerage website. You will need to enter your email address and phone number. After that, you will be able to use the brokerage service, which offers clients three types of accounts. You can use bank cards, e-wallets to deposit and withdraw funds.
Personal accounts are sorted by increasing minimum deposit and differ from each other by the number of guaranteed consultations:
- Standard – $1,000. A dedicated customer service representative is ready to communicate with you 2 days a week
- Advanced – $5,000. You have access to a dedicated account representative for 3 days and 1 individual meeting with an analyst per week
- Expert – $25,000. You can speak with a dedicated representative for 4 days and meet with an analyst 1 time per week
Each account type gives you the opportunity to use the demo mode to test trading conditions. The broker offers clients an advanced MetaTrader 5 platform. The equally advanced Copy Trading technology allows you to synchronize trades with experienced investors. And there is also a PAMM account tool, which unites traders and investors, helping them to earn by trading under one account.
The broker warns that in addition to the stated commissions, other fees may be charged at its discretion. This is stated in the user agreement, which is written on 54 pages in rather small font. You should study all the rules before registering an account.
Trading on the site is possible on 6 markets, including commodities, stocks, and indices. Traders can follow real-time prices, view charts, and place orders on the versatile MT5 platform. The site’s functionality includes technical and fundamental analysis tools. Neotrades offers a bonus programme to all users. Additionally, clients can earn up to $1,500 per conversion or up to $30 per lot in the introducing broker’s programme from affiliate links.