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?
Trading Conditions
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.
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.
FAQ
Would investing in Neotrades offer the best returns?
We advise you to think carefully about cooperating with a forex broker. It is very risky trading, more likely that investing will result in you losing money on the platform rather than gaining it.
Does Neotrades carry out withdrawals?
Withdrawal is not guaranteed on the exchange. The administration can arbitrarily increase the commission or block your account. This is evidenced by many reviews from clients who have had a negative experience here.
May I be scammed on neotrades.com?
The risk of fraud is quite high, as the owner of the site has registered his company in an offshore zone. Despite having a license, it is usually very difficult for a client to get help from the regulator in such a jurisdiction.
What's the best way to share my experience with Neotrades?
Fill out the form and we'll make sure your voice is heard.
How can I tell if Neotrades is a fraudulent company?
Do your own research and never believe those who promise you easy money.
First and foremost, they offers metatrader 5 with all its amenities such as possibility to algo trading, hedge positions, relish fast order execution without slippages (but props to broker's liqudiity providers for this) and so on. I just adores this engine and its mobile app which as intuitive and convenient as desktop version.
Secondly, it's awesome that there are no troubles during depositing and withdrawing processes. I means they are super fast, without any delays regardless of the preferred payment method. Some of them are slower than others, but it's ok.
Finally, I likes that there is a possibility to track upcoming IPO and analyze the companies.
It’s not everyday i can trade a bunch of stocks, then diversify them with bonds and get access to IPO shares too!
So now I have a thought through portfolio of nivida, tesla and alibaba stocks which so far gives a good yield.
I think I will add some spot index and some spot commodities to that due to the geopolitical situation it makes a lot of sense rn.
to be frank some of the ideas for my portfolio i took from the neotrades market analysis=) this is also a great tool to assemble assets in your portfolios.