NetoTrade-Overview of Minimum Deposit, Spreads & Leverage

Note: Netotrade's official website: https://www.netotrade.ae/ is currently inaccessible normally.

Netotrade Information

Netotrade, founded in 2010, is a brokerage registered in Cyprus. The trading instruments it provides cover Forex, Cryptocurrencies, Stocks, Commodities, Indices. It provides 4 accounts and 3 trading platforms. But it is currently unregulated and lacks security.

Pros and Cons

Is Netotrade Legit?

It is clear that Netotrade, which was registered in 2010 and is currently unregulated, is insecure.

What Can I Trade on Netotrade?

Netotrade offers traders the opportunity to trade Forex, Cryptocurrencies, Stocks, Commodities and Indices. But it can't offer products such as CFDs and ETFs.

Account Types

Netotrade offers a total of 4 different types of accounts to traders -MiniAccount, Golden Account, Platinum Account, ECN Account. It also provides demo account.

Netotrade Fees

4 accounts are different in spread and commission. ECN account's spread is the lowest, starting with 0.3pips, but it charges from 0.3 points for every transaction. The other 3 accounts all charge no commission. Mini account's spread is the highest, starting with 3.3pips.

Netotrade Platform

Netotrade provides 3 trading platform-MetaTrader 4, MetaTrader 5, and NetoTrade WebTrader, which supports traders on PC, Mac, iPhone and Android.

Deposit and Withdrawal

The broker supports three payment methods: Bank wire transfer, Debit/credit cards, E-wallets. In addition, its withdrawals fees are high and processing times are slow.