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Neotrades Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-04-28 20:10

Abstract:Neotrades is a brokerage company that offers online trading services to individuals and institutional clients. It provides access to various financial markets, including currencies, commodities, indices, and cryptocurrencies. Neotrades typically offers a range of trading instruments, customizable trading platforms, charting tools, and order execution services to facilitate trading activities.

Neotrades Review Summary
Founded2010
Registered Country/RegionMauritius
RegulationNot regulated
Market InstrumentsForex, Shares, Commodities, Indices, Bonds, ETFs (150+ markets via CFDs)
Demo Account✅
LeverageUp to 1:400
SpreadFrom 0.0002 (e.g. AUDUSD)
Trading PlatformMetaTrader 5 (MT5)
Min Deposit$1,000
Customer SupportTel (Mauritius HQ): +230 52970362
UAE: +971 45604965
Vietnam: +842444582034
Panama: +507 8336928

Neotrades Information

  Neotrades is an offshore broker founded in 2010 and registered in Mauritius. While it offers access to over 150 CFD-based instruments and supports the popular MT5 platform, it is not regulated by the local FSC or any major global authority.

Neotrades Information

Pros and Cons

Pros Cons
Access to 150+ CFD instrumentsNot regulated
MetaTrader 5 supportedHigh minimum deposit for entry-level account
No deposit or withdrawal feesNo support for MT4 or Islamic accounts

Is Neotrades Legit?

  Neotrades is not a regulated broker. Although it claims to be registered in Mauritius, it is not licensed or overseen by the Financial Services Commission (FSC) of Mauritius, which means it lacks official regulatory oversight in its claimed jurisdiction. Furthermore, Neotrades is not authorized by major financial regulators such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus).

Is Neotrades Legit?

  According to the WHOIS data, the domain neotrades.com was registered on October 20, 2010, and its current registration is set to expire on October 20, 2025. The domain was last updated on October 23, 2023. It is currently in a locked state with multiple prohibitions in place — including deletion, renewal, transfer, and update restrictions — which means the domain is protected from unauthorized changes or transfers.

Is Neotrades Legit?

What Can I Trade on Neotrades?

  Neotrades claims to offer access to over 150 markets, covering six major asset classes. While the exact breakdown (e.g., number of currency pairs or indices) isn't provided, traders can choose from Forex, Shares, Commodities, Indices, Bonds, and ETFs, all traded via CFDs.

Tradable Instruments Supported
Forex✅
Commodities✅
Crypto❌
CFD✅
Indexes✅
Stock (Shares)✅
ETF✅
Bonds✅
hat Can I Trade on Neotrades?

Account Types

  Neotrades offers three types of live trading accounts: Standard, Advanced, and Expert. These accounts vary primarily in minimum deposit requirements, features, and level of personalized service.

Account TypeMin DepositDemo AccountIslamic AccountMT5 AccessSuitable For
Standard$1,000✅Not mentioned)✅Beginner traders
Advanced$5,000✅Not mentioned)✅Intermediate traders
Expert$25,000✅Not mentioned)✅Professional / high-volume traders
Account Types

Leverage

  Neotrades offers a maximum leverage of up to 1:400 across all account types.

Neotrades Fees

  Neotrades offers low trading fees, with generally tight spreads compared to industry standards. It provides variable spreads depending on asset class, and no fixed commission charges were displayed on the website. ETFs show a swap long rate of -0.096.

Asset ClassExample InstrumentsSpreadNotes
ForexAUDUSD, AUDJPY, AUDCADFrom 0.0002Tight spreads on majors
SharesApple, Amazon, AgilentFrom 0.15Contract size: 100
ETFsQQQ, VOO, GLDFrom 0.10QQQ has lowest spread
CommoditiesXAUUSD, XAGUSD, CopperFrom 0.04Low spreads on metals
IndicesDAX, FTSE, Euro 50From 6Slightly wider spreads
Neotrades Fees

Non-Trading Fees

Non-trading Fees
Deposit Fee Free (No fees charged for deposits)
Withdrawal Fee Free (No fees charged for withdrawals)
Non-Trading Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
MetaTrader 5 (MT5)✔Windows, macOS, iOS, AndroidIntermediate to advanced traders needing robust tools
MetaTrader 4 (MT4)❌––
cTrader❌––
Trading Platform

Deposit and Withdrawal

  Neotrades does not charge any deposit or withdrawal fees. The minimum deposit required is $1,000 for the Standard account.

Payment MethodMin. AmountFeesProcessing Time
Local Transfers$1,000FreeNot mentioned
Wire Transfers$1,000FreeNot mentioned
Visa$1,000FreeNot mentioned
Mastercard$1,000FreeNot mentioned
Cryptocurrency$1,000FreeNot mentioned
QR Pay$1,000FreeNot mentioned
Deposit and Withdrawal

  

Related broker

No Regulation
Neotrades
Company name:Neotrades Capital Ltd.
Score
1.42
Website:https://neotrades.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.42

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