Neomarkets Forex Broker

NeomarketsReview SummaryFounded2004Registered Country/RegionMauritiusRegulationFSC (offshore)Market InstrumentsForex, metals, energies, indices, and stocksDemo Account✔LeverageUp to 1:500Spread0.00009 pipsTrading PlatformMT5 and NeoTradeMinimum Deposit$20Customer SupportOnline chatPhone: +52 55 4161 4855Neomarkets Information Neomarkets was founded in 2004 and is offshore regulated by the FSC of Mauritius, where it is registered. It offers trading in forex, metals, energies, indices, and stocks with leverage up to 1:500. The broker supports both MT5 and NeoTrade platforms. However, it does not allow third-party transfers, and the minimum deposit requirement is $20.Pros and ConsProsCons25% deposit bonusOffshore regulation risksVarious trading instrumentsNo third-party transfers allowedLive chat supportDemo account availableLong operation timeLow minimum deposit of $20Is Neomarkets Legit ? Neomarkets is offshore regulated by the Financial Services Commission (FSC) of Mauritius with a Retail Forex License, license number GB22200517.What Can I Trade on Neomarkets? Neomarkets offers five types of trading products, including forex, metals, energies, indices, and stocks.Tradable InstrumentsSupportedForex✔Metals✔Energies✔Indices✔Stocks✔Cryptos❌Bonds❌Futures❌Options❌ETFs❌Account Type Neomarkets offers five account types: Classic Accounts, MT5 Hedge, MT5 Cent Account, MT5 SwapFree Hedge (Islamic Account), and NeoTrade PRO.MT5 Netting (Classic)MT5 HedgeMT5 CentMT5 SwapFree HedgeNeoTrade PROMinimum Deposit$20$20$20$20$20Maximum Leverage1:5001:5001:5001:5001:100Spreads From0.000090.000090.000090.000090.00009CommissionNoneNoneNoneYes (Shariah-compliant only)No for CFDs, Yes for stocksLeverage Neomarkets offers maximum leverage up to 1:500, except for the NeoTrade PRO account, which has a maximum leverage of 1:100.Trading Platform Neomarkets offers two trading platforms: MT5 and NeoTrade.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Windows, macOS, iOS, Android, WebExperienced TradersNeoTrade✔Windows, macOS, iOS, Android, Web/MT4❌/BeginnersDeposit and Withdrawal Neomarkets require a minimum deposit of $20. Payment methods include bank card payments in EUR, INR, KZT, PKR, and USD, which are processed instantly without commission; and bank wire transfers in USD and EUR, which can take up to 5 business days and may incur senders bank fees. Generally, deposits and withdrawals have no commissions unless the total withdrawal amount in a calendar month equals or exceeds $50,000, in which case a 1% fee is charged on the withdrawal amount regardless of the method. Neomarkets does not support transfers from or to third parties, and withdrawals can only be made to the original funding source.Payment OptionsCurrenciesDeposit Processing TimeWithdrawal Processing TimeFeesBank CardEUR, INR, KZT, PKR, USDInstantWithin 1 business day❌Bank WireUSD, EUR5 business days5 business daysSender's bank fee