According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1,000
- MetaTrader5
- FSC
Our Evaluation of Neotrades
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Neotrades is a moderate-risk broker with the TU Overall Score of 5.22 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Neotrades clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Neotrades largely follows the industry's best standards, offering a demo account, diverse assets, and acceptable leverage. The broker’s advantage is the personalized client service with dedicated account managers assigned to traders. Deposit and withdrawal methods include bank transfers, bank cards, and online payment systems. However, there is no information on the broker’s fees. Also, Neotrades has a limited choice of analytical tools. Yet, the most popular passive income options are available.
Brief Look at Neotrades
Neotrades offers CFDs on currency pairs, stocks, indices, bonds, commodities, and ETFs. Clients can choose from a demo account or three live account types, all accessible through MetaTrader 5. The minimum deposit is $1,000. The broker supports 11 base currencies, including the euro, British pound, and Saudi riyal. The maximum leverage is 1:400. Trading fees consist solely of floating spreads, which vary based on the asset. Additional income options include copy trading services, PAMM accounts, and a partnership program. The Neotrades website lacks information on its fees and educational materials. Technical support is available only on weekdays.
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- Free demo account, micro lot trading, and three live account types with different parameters are available;
- Asset pool consists of CFDs on a wide range of instruments;
- Acceptable leverage, no trading restrictions, and a user-friendly trading platform are offered;
- Traders have access to group or individual meetings with dedicated account representatives several times a week;
- Various additional income options are available;
- Stable operation with no failures and top-of-market order execution are provided;
- Popular deposit and withdrawal methods are supported.
- High initial threshold;
- Limited information is available to unregistered users;
- Analytical tools are limited to the economic calendar.
TU Expert Advice
Author, Financial Expert at Traders Union
Neotrades provides access to a diverse array of CFDs, including Forex, stocks, indices, bonds, commodities, and ETFs, all available via MetaTrader 5. It features several account types with a minimum deposit of $1,000, supporting micro-lot trading and offering leverage up to 1:400. The platform ensures smooth operation and top-order execution. Its clients benefit from various passive income options, including copy trading and PAMM accounts. Additionally, technical support via call centers and email facilitates smooth client interactions.
Despite these advantages, Neotrades presents some drawbacks, such as high initial deposit requirements, limited analytical tools, and the lack of educational materials. The platform does not offer Tier-1 regulation and information on fees for unregistered users is lacking. While suitable for experienced traders who prioritize asset diversity and leverage, Neotrades may not cater well to beginners seeking lower entry barriers and educational support.
Neotrades Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 5 |
|---|---|
| 📊 Accounts: | Demo, Standard, Advanced, and Expert |
| 💰 Account currency: | USD, AED, EUR, GBP, SAR, QAR, BRL, COP, INR, VND, and ZAR |
| 💵 Deposit / Withdrawal: | Bank cards, bank transfers, and online payment systems |
| 🚀 Minimum deposit: | $1,000 |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 1,0-1,6 pips |
| 🔧 Instruments: | CFDs on currency pairs, indices, stocks, bonds, commodities, and ETFs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: |
Free demo account and three live account types; High minimum deposit requirements; Reasonable trading expenses; Flexible leverage; Numerous assets; No trading restrictions; No analytics or education; Two passive income options. |
| 🎁 Contests and bonuses: | Yes |
Neotrades offers three live account types with varying minimum deposits of $1,000 for the Standard account, $5,000 for the Advanced account, and $25,000 for Expert. Leverage depends on the tradable asset and its maximum is 1:400 for currency pairs. Technical support can be contacted via call centers in 9 regions and email.
Neotrades Key Parameters Evaluation
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Trading Account Opening
To start working with Neotrades, register on its official website, pass verification, and open one of the three live account types. Next, make a deposit and download the trading platform. To eliminate any questions, TU experts prepared a step-by-step guide and described the features of the user account.
Go to the Neotrade's official website. In the upper right corner, choose the interface language and click “Sign Up”.
Choose the account type, individual or company. Enter your first and last names, and a password twice. Provide your email and phone number. Choose your country of residence, specify the account currency, and enter the promotional code, if any. Agree to the terms and conditions by checking boxes and click the “Register Now” button.
Next, make a deposit by following the on-screen instructions. Enter the amount and choose the payment method that may vary by region. However, you are not required to make a deposit immediately, as this option is available later in the appropriate section of your user account. Note that the system may ask you to provide bank details during funding your account. To do so, follow the link, which is only relevant if you plan to use the corresponding deposit method.
Go to the Verification section. Choose the ID document type and upload its scan copy or image. Verification may take up to several days. Waiting for results, complete the next steps and work on a demo account, if necessary.
Go to the MetaTrader 5 section. Choose the appropriate version of the trading platform, study information on it, and download its distributive. Install the platform to your device, enter your login credentials, and start trading.
Additional features of Neotrades’ user account allow traders to:
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Access the overview of active accounts with details, newsfeeds, and notifications.
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Deposit, withdraw, and make internal transfers. Additionally, traders can access a complete transaction history i.
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Access WebTrader, a web version of MetaTrader 5 that allows traders to work directly from the browser.
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Access a list of signal providers with details on each of them. Here traders subscribe to providers as investors. Providers register via technical support.
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Edit their personal information and security settings.
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Access several sections with information on different MT5 versions for Windows, MacOS, iOS, and Android.
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See information on user account activity and summary reports on live accounts. Traders can view their trading history using various filters. A demo account is also registered here.
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Access Economic calendar and newsfeeds with expert analysis. Access to newsfeeds requires verification.
Regulation and safety
Neotrades has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Neotrades Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSC (Mauritius) |
Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
Neotrades Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Neotrades have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Neotrades with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Neotrades’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Neotrades Standard spreads
| Neotrades | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,0 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,6 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,0 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,6 | 1,4 | 0,5 |
Does Neotrades support RAW/ECN accounts?
As we discovered, Neotrades does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Neotrades. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Neotrades Non-Trading Fees
| Neotrades | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0-3,5 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Neotrades offers three live account types: Standard, Advanced, and Expert. They differ in minimum deposit requirements, spreads, and the number of group and personal meetings with dedicated managers. Trading is conducted only through MetaTrader 5. Therefore, traders choose an account type based on their experience, goals, and available capital. If necessary, the broker’s clients can always contact technical support.
Account types:
Typically, traders register a demo account first to explore the conditions without financial risks. Once satisfied, they open a desired live account type.
Deposit and withdrawal
Neotrades received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Neotrades provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- No deposit fee
- Supports 5+ base account currencies
- BTC available as a base account currency
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
- PayPal not supported
What are Neotrades deposit and withdrawal options?
Neotrades provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT, Ethereum.
Neotrades Deposit and Withdrawal Methods vs Competitors
| Neotrades | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Neotrades base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Neotrades supports the following base account currencies:
What are Neotrades's minimum deposit and withdrawal amounts?
The minimum deposit on Neotrades is $1000, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Neotrades’s support team.
Markets and tradable assets
Neotrades offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 25 Forex pairs.
- Indices trading
- Passive income with bonds
- Copy trading platform
- Limited asset selection
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Neotrades with its competitors, making it easier for you to find the perfect fit.
| Neotrades | Plus500 | Pepperstone | |
| Currency pairs | 25 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Neotrades offers for beginner traders and investors who prefer not to engage in active trading.
| Neotrades | Plus500 | Pepperstone | |
| Bonds | Yes | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Customer support
Traders often have questions due to the lack of knowledge or insufficient information on the broker’s website. Sometimes there occur difficult trading situations that users cannot solve themselves. In any of such situations, Neotrades clients can contact multilingual technical support from 06:00 to 01:00 (GMT) on weekdays via call center and feedback form.
Advantages
- Two communication channels
- 9 call centers in different regions
- Managers are highly competent
Disadvantages
- Support is not available on weekends
Clients and non-registered users can contact technical support with any question. Upon registration of a live account, each client can participate in group and personal meetings with experts, who help solve technical issues as well.
Current communication channels are:
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Phone;
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Feedback form.
Also, the broker has its profiles on Facebook, X (Twitter), Instagram, YouTube, LinkedIn, and TikTok, where it is possible to contact support managers.
Contacts
| Registration address | 1ST Floor River Court, 6th St Denis Street P.O Box 1079, Port Louis 11328, Mauritius |
|---|---|
| Regulation | FSC |
| Official site | https://neotrades.com/ |
| Contacts |
+230 58690044, +971 42473690, +842444582034, +507 8336928, +56 512472780, +52 7752200013, +57 6028912412, +593963871833, +55 6140427533
|
Education
Often, traders with minimum or no trading experience register with brokerage companies. This is why some of them offer educational materials, such as basic FAQs, articles, or comprehensive training courses and eBooks. Some brokers can hold webinars and offline lectures. However, most companies do not provide any education at all, focusing on providing the most comfortable trading environment. Neotrades is one of these brokers.
Neotrades suggests that traders who register with it already know how to make money in financial markets. While brokers are not obliged to provide education, their responsibility is to ensure fast order execution, a wide choice of assets, and tools to maximize trader profits.
Comparison of Neotrades with other Brokers
| Neotrades | Bybit | Eightcap | XM Group | FxPro | FBS | |
| Trading platform |
MetaTrader5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MobileTrading, MT5, cTrader, FxPro Edge | MT4, MobileTrading, MT5, FBS app |
| Min deposit | $1000 | No | $100 | $5 | $100 | $5 |
| Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 1 point |
| Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | 25% / 20% | 40% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Detailed Review of Neotrades
While Neotrades is a rather young company, it implements an advanced technological stack to meet its clients’ needs. In particular, it partners with tier 1 liquidity providers and offers VPS, which ensures high order execution speed and stable operation. Also, it offers an extensive asset pool that is continuously growing and the proprietary copy trading service. Security is ensured by SSL protocols and authentication tokens.
Neotrades by the numbers:
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250,000 users;
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1.5 million open positions;
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Average execution is 0.02 seconds;
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Maximum leverage is 1:400;
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150+ financial instruments.
Neotrades is an up-and-coming CFD broker
Neotrades offers CFDs on currency pairs, stocks, bonds, indices, commodities, and ETFs, allowing its clients to build diversified investment portfolios. Leverage is flexible, which means that traders can choose the desired value or trade without it. The maximum leverage is 1:400, which is sufficient to increase the profit potential. The broker also allows its clients to implement various strategies, including scalping, hedging, trading on news, and using expert advisors. The support for user-friendly and customizable MT5 is an advantage for many traders.
Useful services offered by Neotrades:
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Copy Trading. This proprietary service provides a convenient passive income option. Investors earn profits without independent trading and learn from professionals, while signal providers make additional income from fees they charge to investors.
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Joint Accounts. PAMM account managers work with their own funds and investor capital. Experienced and successful managers generate significant income for all participants.
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MetaTrader 5. This version of the platform is intuitive, user-friendly, and easily customizable with free plugins.
Advantages:
Free demo account and micro lot trading on any of the live account types provide for exploring the broker’s conditions;
Trader expenses are market average and the broker’s fee policy is transparent for registered users;
CFDs on assets from 6 groups are offered;
Popular deposit and withdrawal methods are available;
Passive income options are provided.
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