Neomarkets Review SummaryFounded2023Registered Country/RegionMauritiusRegulationRegulated by FSCMarket InstrumentsForexCommoditiesIndicesSharesDemo Account✅LeverageUp to 1:500Spread0.00009 pipsTrading PlatformMT5, Neo TradeMin Deposit$20Customer SupportPhone: +2306503301Email: info@marketsneo.comNeomarkets 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 ConsPros Cons 4000+ trading instrumentsMT4 not provided5 account typesMinimum deposit $20Support commission from $0Support MT5Is 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 TypesMT5 NettingMT5 HedgeMT5 Cent AccountMT5 SwapFreeNeoTradeMinimum deposit$20$20$20$20$20Trading 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 -15652LeverageFixed (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 0.00009CommissionNoNoNoYesCFD - No, Stocks - YesMinimum 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 20NoMaximum of open and pending transactionsNoNo100NoNoStop out level20%20%20%20%20%HedgingNoYesYesYesNoTrading platformMetaTrader 5MetaTrader 5MetaTrader 5MetaTrader 5NeoTradeMobile tradingApple, AndroidApple, AndroidApple, AndroidApple, AndroidApple, AndroidNeomarkets 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 PlatformSupported Available Devices Suitable for MT5✔Desktop, MobileSkilled tradersNeo Trade✔Desktop, MobileAll tradersMT4❌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.