Score

5.81 /10
Average

Neomarkets

Mauritius

1-2 years

Regulated in Mauritius

Retail Forex License

MT5 Full License

Regional Brokers

Medium potential risk

Offshore Regulated

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Score

Regulatory Index4.62

Business Index4.97

Risk Management Index8.90

Software Index8.80

License Index4.62

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Neomarkets Group Ltd

Company Abbreviation

Neomarkets

Platform registered country and region

Mauritius

Company website

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2024-12-23
  • The Mauritius FSC regulation with license number: GB22200517 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Neomarkets · Company summary
Neomarkets Review Summary
Founded2023
Registered Country/RegionMauritius
RegulationRegulated by FSC
Market InstrumentsForexCommoditiesIndicesShares
Demo Account
LeverageUp to 1:500
Spread0.00009 pips
Trading PlatformMT5, Neo Trade
Min Deposit$20
Customer SupportPhone: +2306503301
Email: info@marketsneo.com

Neomarkets Information

Neomarkets is a broker incorporated in Mauritius in 2022. It mainly provides trading instruments including Forex, Commodities, Indices and Shares, and supports traders to use MT5 and Neo Trade two platforms. There are also 5 account types for traders to choose from, which also support commissions starting at $0.

Neomarkets Information

Pros and Cons

Pros Cons
4000+ trading instrumentsMT4 not provided
5 account types
Minimum deposit $20
Support commission from $0
Support MT5

Is Neomarkets Legit?

Neomarkets is regulated by FSC in Mauritius, with license number of GB22200517.

Is Neomarkets Legit?

What Can I Trade on Neomarkets?

Neomarkets claims to offer 4000+ trading instruments. It supports trading products such as shares, such as Amazon, Apple and Alibaba; In addition, primary, secondary and exotic forex pairs can be traded; It also provides US, Europe and Asia indices; Commodities include gold and silver, such as Brent crude in the UK and WTI crude in the US.

Tradable Instruments Supported
Forex
Commodities
Indices
Shares
Bonds
ETF
What Can I Trade on Neomarkets?

Account Types

There are five kinds of accounts in Neomarkets: MT5 Netting Account, MT5 Hedge Account, MT5 Cent Account, MT5 SwapFree Account, NeoTrade Account.

They all have a minimum deposit requirement of $20, support the MT5 platform, and have a maximum leverage of 1:500 except for the Neo Trade Account, which has a maximum leverage of 1:100.

Account TypesMT5 NettingMT5 HedgeMT5 Cent AccountMT5 SwapFreeNeoTrade
Minimum deposit$20$20$20$20$20
Trading InstrumentsCurrency pairs-40Metals-3Energy-2Stock indices-10Currency pairs-40Metals-3Energy-2Stock indices-10Currency pairs-40Metals-3Energy-2Stock indices-10Currency pairs-40Metals-3Energy-2Stock indices-10Currency pairs -41Metals-2Energy-2Stock indices -11Stocks -15652
LeverageFixed (up to 500)Fixed (up to 500)Fixed (up to 500)Fixed (up to 500)Fixed (up to 100)
Spreads, pipsFrom 0.00009From 0.00009From 0.00009From 0.00009From 0.00009
CommissionNoNoNoYesCFD - No, Stocks - Yes
Minimum contract size, lots0.01 (step 0.01)0.01 (step 0.01)0.01 (step 0.01)0.01 (step 0.01)0.01 (step 0.01)
Maximum contract size, lotsFrom 20From 20From 20From 20No
Maximum of open and pending transactionsNoNo100NoNo
Stop out level20%20%20%20%20%
HedgingNoYesYesYesNo
Trading platformMetaTrader 5MetaTrader 5MetaTrader 5MetaTrader 5NeoTrade
Mobile tradingApple, AndroidApple, AndroidApple, AndroidApple, AndroidApple, Android

Neomarkets Fees

Spreads for all five accounts start at 0.00009pips. MT5 Netting Account, MT5 Hedge Account and MT5 Cent Account do not charge commission, while MT5 SwapFree Account and NeoTrade Account charge commission.

In forex pairs, the spread of EUR/USD is 0.00009, and the spread of other forex pairs is maintained between 0.00010 and 0.6000; Metal spreads range from 0.0250 to 1.6; Energy spreads range from 0.090 to 0.1; The spread of the index remained at 1.32 to 27.60.

Spreads
Spreads
Spreads
Spreads

Trading Platform

Neomarkets offers one trading platform MT5 and the other Neo Trade. Traders can use it on desktop as well as mobile.

Trading PlatformSupported Available Devices Suitable for
MT5Desktop, MobileSkilled traders
Neo TradeDesktop, MobileAll traders
MT4
Trading Platform

Deposit and Withdrawal

There are two types of deposits in Neomarkets: Currencies and Bank wire. There are three withdrawal methods: AED; INR, PKR; USD, EUR.

Deposit and Withdrawal

User Reviews

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User comment

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FX1728896691
more than one year
Just a short message to say that I have been with the company for many years and I have say that I am well impressed with the service 🌸they have always assisted me when I need them and have been very helpful.
Just a short message to say that I have been with the company for many years and I have say that I am well impressed with the service 🌸they have always assisted me when I need them and have been very helpful.
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2024-07-19 15:36
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Antonio G
more than one year
Overall, Neomarkets seems like an okay broker option. Need to use their platform more extensively to form a more definitive opinion.
Overall, Neomarkets seems like an okay broker option. Need to use their platform more extensively to form a more definitive opinion.
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2024-06-28 15:08
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