Neomarkets

Neomarkets | 2024-10-23 12:28

Extracto：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. Currently, it operates in an unregulated state.

NeomarketsReview Summary
Founded	2023
Registered Country/Region	Mauritius
Regulation	No regulation
Market Instruments	ForexCommoditiesIndicesShares
Demo Account	✅
Leverage	Up to 1:500
Spread	0.00009 pips
Trading Platform	MT5, Neo Trade
Min Deposit	$20
Customer Support	Phone: +2306503301
Customer Support	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. Currently, it operates in an unregulated state.

Pros and Cons

Pros	Cons
4000+ trading instruments	No regulation
5 account types
Minimum deposit $20
Support commission from $0
Support MT5

Is Neomarkets Legit?

Neomarkets, whose website says it was registered in 2022, is currently operating in an unregulated state.

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	❌

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 Types	MT5 Netting	MT5 Hedge	MT5 Cent Account	MT5 SwapFree	NeoTrade
Minimum deposit	$20	$20	$20	$20	$20
Trading Instruments	Currency pairs-40Metals-3Energy-2Stock indices-10	Currency pairs-40Metals-3Energy-2Stock indices-10	Currency pairs-40Metals-3Energy-2Stock indices-10	Currency pairs-40Metals-3Energy-2Stock indices-10	Currency pairs -41Metals-2Energy-2Stock indices -11Stocks -15652
Leverage	Fixed (up to 500)	Fixed (up to 500)	Fixed (up to 500)	Fixed (up to 500)	Fixed (up to 100)
Spreads, pips	From 0.00009	From 0.00009	From 0.00009	From 0.00009	From 0.00009
Commission	No	No	No	Yes	CFD - No, Stocks - Yes
Minimum contract size, lots	0.01 (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, lots	From 20	From 20	From 20	From 20	No
Maximum of open and pending transactions	No	No	100	No	No
Stop out level	20%	20%	20%	20%	20%
Hedging	No	Yes	Yes	Yes	No
Trading platform	MetaTrader 5	MetaTrader 5	MetaTrader 5	MetaTrader 5	NeoTrade
Mobile trading	Apple, Android	Apple, Android	Apple, Android	Apple, Android	Apple, 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.

Trading Platform

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

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, Mobile	Skilled traders
Neo Trade	✔	Desktop, Mobile	All traders
MT4	❌