Neotrades is a forex broker founded in the United States, mainly providing investors with foreign exchange, commodities, stocks, indices, bonds, ETFs trading services, the company's official website supports English, Spanish, Arabic, Indonesian, Vietnamese as the language of use. In addition, the Neotrades official website account registration page is also available in English, Spanish, Arabic, Indonesian, and Vietnamese.
Company background:
According to Neotrades' website, the company and its affiliate NTrade Services Ltd are incorporated in Mauritius and Cyprus respectively. A search on the websites of the Mauritius Business and Commercial Registration Department (CBRD) and the Cyprus Companies and Intellectual Property Registry (Companies Section) shows that the company and its associated company, NTrade Services Ltd, are registered in Mauritius and Cyprus respectively. In addition, according to the Whois query of the website domain name registration information shows that the company's official website domain name registration on October 20, 2010, the domain name registration time has been more than 10 years.
Account Registration:
The Neotrades website provides investors with a real account registration link. The registration method of a real account is as follows: click "Sign Up" in the upper right corner of Neotrades official website to enter the registration page, select or fill in the account type (individual/enterprise), name, password, Email, telephone, country, account currency and other information as required, and then complete the real account registration. In addition, the Neotrades official website account registration page is available in English, Spanish, Arabic, Indonesian, and Vietnamese. However, the Neotrades website does not provide a link to sign up for a demo account.
Account Type:
According to Neotrades' official website, the company offers three account types for investors: StandardAdvanced and Expert. In addition, the Neotrades website also provides the differences between the three accounts in terms of minimum deposit, account currency and customer service.
Trading Products:
Neotrades official website information shows that the company provides investors with foreign exchange, commodities, stocks, indexes, bonds, ETFs trading services. In addition, Neotrades official website did not provide specific trading products covered by foreign exchange, commodities, stocks, indices, bonds and ETFs, nor did it provide commission, spread, minimum trading unit, maximum trading unit, overnight interest and other information of specific trading products.
Margin ratio
Neotrades only showed the maximum margin (leverage) ratio of different account types in the "Account type" on the official website, and did not provide margin (leverage) ratio information of specific trading products covered by foreign exchange, commodities, stocks, indices, bonds and ETFs.
Trading Hours:
Neotrades official website does not provide trading hours of specific trading products covered by foreign exchange, commodities, stocks, indices, bonds and ETFs.
Deposits and Withdrawals:
Neotrades official website information shows that the company provides investors with deposit and withdrawal methods and channels including local transfer, wire transfer, VISA, Mastercard and so on. However, the Neotrades official website does not provide deposit and withdrawal currencies, fees and time information for different deposit and withdrawal methods and channels.
Trading Software:
Neotrades provides investors with MetaTrader5 (MT5) trading software, which supports computer (Winodws), Web and mobile (IOS/Android) versions. However, the Android version of MT5 software in some countries or regions, there are problems that can not be downloaded or downloaded installation speed is slow.
Other services:
Neotrades website information shows that the company provides investors with copy trading, PAMM account services. Replication trading allows investors to copy the trading strategies or trading methods of others, and PAMM accounts allow investors to manage multiple other sub-accounts from one master account.
Regulatory information:
Neotrades is regulated or authorised by the Mauritius Financial Services Commission (FSC). A search on the Mauritius Financial Services Commission (FSC) website showed that the regulatory or authorisation information obtained by the company was authentic.
Summary:
Neotrades is a normal broker. On the one hand, a search on the websites of the Mauritius Business and Commercial Registration Department (CBRD) and the Cyprus Companies and Intellectual Property Registry (Companies Section) showed that the company and its associated company, NTrade Services Ltd, were registered in Mauritius and Cyprus, respectively, to be true. On the other hand, a query on the website of the Mauritius Financial Services Commission (FSC) shows that the regulatory or authorisation information obtained by the company is equally authentic. Judging from this, Neotrades was a normal broker. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
