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Netotrade -

No Regulation

Score

1.52 /10

Danger

Netotrade

Item: Netotrade
Rating: 1.52

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.netotrade.ae

Influence

Add brokers

Comparison

Expose

Exposure

Time Machine

Website

Score

Regulatory Index0.00

Business Index7.05

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine

Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard

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

Single Core

40G

open now

Broker Information

Company Name

Capital Processes Ltd

Company Abbreviation

Netotrade

Platform registered country and region

United Kingdom

Company website

https://www.netotrade.ae

Company summary

Pyramid scheme complaint

Expose

Netotrade · Company summary

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

Netotrade
Founded	2010
Registered Country/Region	Cyprus
Regulation	No regulation
Market Instruments	Forex, Cryptocurrencies, Stocks, Commodities, Indices
Account Type	Mini, Golden, Platinum, and ECN
Demo Account	✔
Leverage	1:30
Spread	0.3-3.3pips
Deposit & Withdrawal	Bank Transfer, Credit/Debit Cards, Skrill, Neteller
Trading Platform	MetaTrader 4, MetaTrader 5, NetoTrade WebTrader
Minimum Deposit	$500
Customer support	24/5 Live Chat, Email, Phone
Educational Resource	Trading Academy, Ebooks, Webinars, Expert Analysis

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

Pros	Cons
Diverse trading platforms	No regulation
Lots of tradable assets	High withdrawal fees and slow processing times
Multiple account types offered
Competitive spreads from 0.3 pips
Demo Account Available

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.

Tradable Instruments	Supported
Forex	✔
Cryptocurrencies	✔
Indices	✔
Commodities	✔
Stocks	✔
ETFs	❌
CFDs	❌
Bonds	❌
Futures	❌

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.

Account Types	Minimum Deposit	Leverage	Spread	Commission	Additional Features
Mini	$500	1:400	From 3.3 pips	$0	25% education bonus
Golden	$5000	1:400	From 2.2 pips	$0	20% welcome bonus, personal account manager
Platinum	＄5000	1:400	From 1.8 pips	$0	Personal account manager
ECN	$5000	1:400	From 0.3 pips	0.3 points	Personal account manager

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.

Account Types	Spread	Commission
Mini	3.3pips	$0
Golden	2.2pips	$0
Platinum	1.8pips	$0
ECN	0.3pips	From 0.3 points

Netotrade Platform

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

Trading Platform	Supported	Available Devices	Suitable for
MT5 Margin WebTrader	✔	Web, Mobile	Proficient
MT4	✔	Desktop, web, and mobile	Beginner
NetoTrade WebTrader	✔	Web	Beginner

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.

	Deposits	Withdrawals
Method	Bank wire transfer, Debit/credit cards, E-wallets	Bank wire transfer, Debit/credit cards, E-wallets
Fees	No fees	$25 wire transfer fee, 3% card fee, 3% e-wallet fee
Processing Time	Instant with cards, up to 1 business day for wire transfers	Up to 5 business days for wire transfers, up to 3 days for cards/e-wallets

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Warning: Low score, please stay away!

Previous Detection : 2024-12-22

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	400: 1
Minimum Deposit	$ 50,000
Minimum spread	From 1.8 points
Products	--

Currency	--
Minimum position	--
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	--

Netotrade · Company summary

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

Netotrade
Founded	2010
Registered Country/Region	Cyprus
Regulation	No regulation
Market Instruments	Forex, Cryptocurrencies, Stocks, Commodities, Indices
Account Type	Mini, Golden, Platinum, and ECN
Demo Account	✔
Leverage	1:30
Spread	0.3-3.3pips
Deposit & Withdrawal	Bank Transfer, Credit/Debit Cards, Skrill, Neteller
Trading Platform	MetaTrader 4, MetaTrader 5, NetoTrade WebTrader
Minimum Deposit	$500
Customer support	24/5 Live Chat, Email, Phone
Educational Resource	Trading Academy, Ebooks, Webinars, Expert Analysis

Netotrade Information

Pros and Cons

Pros	Cons
Diverse trading platforms	No regulation
Lots of tradable assets	High withdrawal fees and slow processing times
Multiple account types offered
Competitive spreads from 0.3 pips
Demo Account Available

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.

Tradable Instruments	Supported
Forex	✔
Cryptocurrencies	✔
Indices	✔
Commodities	✔
Stocks	✔
ETFs	❌
CFDs	❌
Bonds	❌
Futures	❌

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.

Account Types	Minimum Deposit	Leverage	Spread	Commission	Additional Features
Mini	$500	1:400	From 3.3 pips	$0	25% education bonus
Golden	$5000	1:400	From 2.2 pips	$0	20% welcome bonus, personal account manager
Platinum	＄5000	1:400	From 1.8 pips	$0	Personal account manager
ECN	$5000	1:400	From 0.3 pips	0.3 points	Personal account manager

Netotrade Fees

Account Types	Spread	Commission
Mini	3.3pips	$0
Golden	2.2pips	$0
Platinum	1.8pips	$0
ECN	0.3pips	From 0.3 points

Netotrade Platform

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

Trading Platform	Supported	Available Devices	Suitable for
MT5 Margin WebTrader	✔	Web, Mobile	Proficient
MT4	✔	Desktop, web, and mobile	Beginner
NetoTrade WebTrader	✔	Web	Beginner

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.

	Deposits	Withdrawals
Method	Bank wire transfer, Debit/credit cards, E-wallets	Bank wire transfer, Debit/credit cards, E-wallets
Fees	No fees	$25 wire transfer fee, 3% card fee, 3% e-wallet fee
Processing Time	Instant with cards, up to 1 business day for wire transfers	Up to 5 business days for wire transfers, up to 3 days for cards/e-wallets

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FX1369369060

more than one year

The company Netotrade is out of business and is selling their own domains! Luckily, I haven't seen anyone say they were scammed by this company. Maybe it's not a scammer, just out of business.

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2023-03-10 18:39