Neotrades Forex Broker

Neotrades Review SummaryFounded2010Registered Country/RegionMauritiusRegulationNot regulatedMarket InstrumentsForex, Shares, Commodities, Indices, Bonds, ETFs (150+ markets via CFDs)Demo Account✅LeverageUp to 1:400SpreadFrom 0.0002 (e.g. AUDUSD)Trading PlatformMetaTrader 5 (MT5)Min Deposit$1,000Customer SupportTel (Mauritius HQ): +230 52970362UAE: +971 45604965Vietnam: +842444582034Panama: +507 8336928Neotrades Information Neotrades is an offshore broker founded in 2010 and registered in Mauritius. While it offers access to over 150 CFD-based instruments and supports the popular MT5 platform, it is not regulated by the local FSC or any major global authority.Pros and ConsPros Cons Access to 150+ CFD instrumentsNot regulatedMetaTrader 5 supportedHigh minimum deposit for entry-level accountNo deposit or withdrawal feesNo support for MT4 or Islamic accountsIs Neotrades Legit? Neotrades is not a regulated broker. Although it claims to be registered in Mauritius, it is not licensed or overseen by the Financial Services Commission (FSC) of Mauritius, which means it lacks official regulatory oversight in its claimed jurisdiction. Furthermore, Neotrades is not authorized by major financial regulators such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus). According to the WHOIS data, the domain neotrades.com was registered on October 20, 2010, and its current registration is set to expire on October 20, 2025. The domain was last updated on October 23, 2023. It is currently in a locked state with multiple prohibitions in place — including deletion, renewal, transfer, and update restrictions — which means the domain is protected from unauthorized changes or transfers.What Can I Trade on Neotrades? Neotrades claims to offer access to over 150 markets, covering six major asset classes. While the exact breakdown (e.g., number of currency pairs or indices) isn't provided, traders can choose from Forex, Shares, Commodities, Indices, Bonds, and ETFs, all traded via CFDs.Tradable Instruments Supported Forex✅Commodities✅Crypto❌CFD✅Indexes✅Stock (Shares)✅ETF✅Bonds✅Account Types Neotrades offers three types of live trading accounts: Standard, Advanced, and Expert. These accounts vary primarily in minimum deposit requirements, features, and level of personalized service.Account TypeMin DepositDemo AccountIslamic AccountMT5 AccessSuitable ForStandard$1,000✅Not mentioned)✅Beginner tradersAdvanced$5,000✅Not mentioned)✅Intermediate tradersExpert$25,000✅Not mentioned)✅Professional / high-volume tradersLeverage Neotrades offers a maximum leverage of up to 1:400 across all account types.Neotrades Fees Neotrades offers low trading fees, with generally tight spreads compared to industry standards. It provides variable spreads depending on asset class, and no fixed commission charges were displayed on the website. ETFs show a swap long rate of -0.096.Asset ClassExample InstrumentsSpreadNotesForexAUDUSD, AUDJPY, AUDCADFrom 0.0002Tight spreads on majorsSharesApple, Amazon, AgilentFrom 0.15Contract size: 100ETFsQQQ, VOO, GLDFrom 0.10QQQ has lowest spreadCommoditiesXAUUSD, XAGUSD, CopperFrom 0.04Low spreads on metalsIndicesDAX, FTSE, Euro 50From 6Slightly wider spreadsNon-Trading FeesNon-trading Fees Deposit Fee Free (No fees charged for deposits)Withdrawal Fee Free (No fees charged for withdrawals)Trading PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersMetaTrader 5 (MT5)✔Windows, macOS, iOS, AndroidIntermediate to advanced traders needing robust toolsMetaTrader 4 (MT4)❌––cTrader❌––Deposit and Withdrawal Neotrades does not charge any deposit or withdrawal fees. The minimum deposit required is $1,000 for the Standard account.Payment MethodMin. AmountFeesProcessing TimeLocal Transfers$1,000FreeNot mentionedWire Transfers$1,000FreeNot mentionedVisa$1,000FreeNot mentionedMastercard$1,000FreeNot mentionedCryptocurrency$1,000FreeNot mentionedQR Pay$1,000FreeNot mentioned