Neomarkets Forex broker specializes in providing foreign exchange trading services, the company's official website https://client.marketsneo.com/en/registration, the company's legitimate regulatory information MauritiusFSCRetail Forex License, to enhance the security of the company's address Suite 201, 2nd Floor, The Catalyst, 40 Silicon Ave, Ebene 72201, Republic of Mauritius.
Neomarkets Forex Broker
Basic information
Mauritius
1-2 years Regulated in Mauritius Retail Forex License MT5 Full License Regional Brokers Medium potential risk Offshore RegulatedCompany profile
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.
Pros and Cons
| Pros | Cons |
| 4000+ trading instruments | MT4 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.
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 | ❌ |
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.
Rating Index
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Latest Reviews
Antonio G
Italy
Overall, Neomarkets seems like an okay broker option. Need to use their platform more extensively to form a more definitive opinion.
Neutral
2024-06-28
FX1705321758
India
Account setup is incredibly fast and straightforward! Trading conditions are quite favorable, especially the zero commission and the variety of instruments available. However, the limited options for deposits and withdrawals were a bit restrictive, though I managed to find a method that works for me.
Positive
2024-06-27
FX1728896691
Netherlands
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.
Positive
2024-07-19