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Neotrades Forex Broker provides real users with 7 positive reviews, 1 neutral reviews and 4 exposure review!

Neotrades Broker Review

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Neotrades Review 12

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Exposure
Warning : Neo Traders is a Scam Broker

Warning: Neo Trades is a Scam Broker I’ve been scammed by Neo Trades and want to warn others. They aggressively push you to deposit funds, but when you try to withdraw your profits, they make it impossible. They imposed a ridiculous condition, demanding a trading volume of $35 million to withdraw just $1,000. When questioned, they hide behind their "terms and conditions" booklet. Beware of their fabricated positive reviews designed to trap new customers. Stay away from Neo Trades and don’t fall for their tricks. Share this to protect others.

FX9786704352
2024-12-18
Positive
Neotrades Review: Lightning-Fast Forex Execution, Misses Out on cTrader

Neotrades is alright, gotta say. Order execution for forex is super fast, nice. But bummer, they don't have cTrader, which is my jam. They have MT5, which is okay, but cTrader's just easier for me to use.

Rodríguez6
2024-05-29
Positive
Seamless Trading, Diverse Assets: Neotrades' Platform Shines with PAMM and Copy Trading Benefits

Trading with Neotrades has been a rewarding experience. Their platform operates seamlessly - no lags, no delays, just swift trading. I appreciate their reasonable trading conditions and diverse asset variety. Their PAMM accounts and copy trading features are also quite beneficial. Perfect!

Golden888
2024-04-26
Exposure
LETTER OF APPEAL: NEOTRADER AND THE INVESTOR COMMUNITY!

LETTER OF APPEAL: NEOTRADER AND THE INVESTOR COMMUNITY! I am an investor on the floor with a registered trading account cuong5422004@gmail.com. The person who guided me to open an account with zalo nick name: A HOANG, after the application was approved. Someone called me and introduced himself as an employee of the exchange who was assigned to monitor and support my account throughout the transaction process. His telegram username is: @Minhvy68, investment consulting on buying and selling gold and stocks. . This person asked me to deposit with a deposit of 1000 USD and receive a bonus of 1000$ on January 24, 2024 and I make transactions with the exchange from this date. During the transaction, I linked my wallet to my bank account but it didn't work. I asked her and she didn't answer. After a period of trading, my account was burned (deposit and Bunos). Later, I joined a group with someone claiming to be an expert on a floor specializing in education and consulting (Live investment on Neotrader floor) with his own zalo group and telegarm nickname: Adam Hoang. I was contacted and instructed to deposit money back into the exchange with a 100% bonus. I deposited $1,000 and received another $1,000 in KM on February 28, 2024. I sent the bill to Adam Hoang. This person said do you want @Minhvy68 to continue supporting you? Because I was not loyal before, I asked to change to another person. There are others who advise, but it's no different from @Minh vy 68, so I trade on my own. After 1 period of trading, my account has increased to nearly $5,000 (both principal and interest). During the transaction process, I often linked my wallet to the bank but all failed. Then I contacted @Minhvy68 to help me link my wallet to my bank account so I could withdraw money. This person said that my profile has been managed by someone else so it cannot be processed. I earnestly asked her to contact the superiors associated with the wallet so I could handle personal matters and on March 11, 2024, she said the exchange had agreed to let me withdraw money and said: Guys. Just finished the meeting, there is a 100% bonus promotion for anyone who deposits 3000$ or more and includes 1 gold implant worth 730$ and only I can withdraw 2000$ (the original money I deposited on January 24 and 2/28, the profit cannot be withdrawn) She said that when you successfully withdraw $2,000, you will deposit $3,000 again to receive promotional money, and 01 tael of gold and promised to help me withdraw $1,000 principal and $730 bonus. out to cover personal expenses) March 12, 2024 at 05:41:20 my withdrawal order was successfully processed and the money returned to my account. Then I recharged $2000 according to the instructions on the Web to account: 1039520092 account holder TRAN THI LOAN at VCB bank - Joint Stock Commercial Bank for Foreign Trade of Vietnam. with transaction code ACSP/RZ226645. Next, at 10;41;00 (Vietnam time) on March 12, 2024, I deposited another 1000& into the above account with transaction code Q1804286. When completed, the account only received a bonus of $500 and the bonus and gold. ($730 and 100% bonus) is not available. After completing the deposit, I sent this deposit bill to @Minhvy. This lady said she had received my application and forwarded it to the superiors to wait for approval and said she would finish it by early afternoon and make the withdrawal order. When I contacted her again in the afternoon, she said she wouldn't approve until 5pm. Around 4:00 p.m. on the same day, someone called me from my telegram account saying he was from Neotrader and read my name, my MT5 trading account, and informed me that I had a withdrawal order but because the wallet had not yet been linked to my bank account. So you need to execute this platinum code transaction order to link and withdraw money. I made a buy order as they told me with a volume of 3.0, my account was negative by $2,700, then she told him to enter a sell order with volume so I followed. Immediately my account had negative principal and bonus. I quickly contacted Minh Vi and she told me I had been scammed and asked me to handle it so he had to recharge the amount of $3,000 to save the account from being burned. I didn't agree and said I couldn't have the money. She told me how much money I could get and I would support you to save my account, but I knew I had been scammed so I didn't follow up to deposit. After this happened, I posted to the Zalo group with expert ADam Hoang and was blocked and kicked out of the group. @Minh vy changed his telegram account. The person who called me said he was trading platiium code, but I didn't know I was scammed. I am mentioning it here with attached evidence, hoping that the floor and the community can help me regain justice and if the floor is honest, it will protect its reputation as well as the rights of genuine investors. . Any information I would like

Cuong4444
2024-03-29
Exposure
The exchange requires a large amount to withdraw money.

Neotrades is a scam. I just deposited money. The locked exchange does not process internal transfer orders, cannot process withdrawal orders, and requires a large amount to withdraw capital. I will report a lawsuit to the police working with the exchange. Neotrades Ho Chi Minh City office.

tien4411
2024-01-12
Positive
Neotrades: Redefining Forex Trading with Exceptional Service and Profitable Trades

I must say, Neotrades is a forex broker that has truly reshaped my trading experience. The account-opening procedure was straightforward and smooth, and their customer support was there, guiding me through each step. They exhibited a rare combination of professionalism and amicability that you don’t always come across in this industry. Let's talk spreads and commissions. One word - fantastic! Neotrades offers incredibly low spreads and commission-free trading - a mix that maximises the profitability and affordability of my trades. This great duo has indeed increased my joy of trading! Now onto their trading platform - top-notch! The platform’s performance is excellent, providing accurate real-time data without any annoying lag. In a world where a delay of seconds can make a significant difference, this feature can’t be praised enough! A fond memory revolves around trading the GBP/USD pair. Based on my analysis and the real-time signals provided by Neotrades, I predicted an upward trend and initiated a long position. Their quick order execution ensured my trade was placed instantly and accurately, reducing the chances of slippage. When GBP actually rallied as predicted, I minted a handsome profit, adding another success story to my trading journey.

FX1523875063
2023-11-30
Positive
Neotrades: Seamless Journey, Exceptional Platform, Financial Ease – A Thumbs Up Broker!

I've had such a great journey with Neotrades! Their account opening process is straightforward, their platform is amazing and they're really committed to education. Plus, dealing with financial matters is a breeze with them. All around, a very client-focused broker. Thumbs up from me!

Cooperhere
2023-11-28
Exposure
withdraw money not return

Advertisement is to withdraw money during the day, only 1-2 hours. Today, I placed an order to withdraw from early morning until late at night.

dao4129
2023-08-18

  

Neotrades 2025 Review: Everything You Need to Know

  Neotrades has gained attention in the forex brokerage space as a platform catering to both novice and experienced traders. While it offers a range of trading instruments and features such as copy trading and PAMM accounts, user experiences and expert opinions present a mixed picture. Key highlights include its user-friendly interface and a diverse asset range, but concerns about regulatory oversight and withdrawal issues have been flagged by some users.

  Note: The regulatory landscape varies across regions, and Neotrades operates under the Financial Services Commission (FSC) of Mauritius, which may not provide the same level of investor protection as more established regulatory bodies.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 7
Trading Settings 6
Trustworthiness 5
User Experience 6
Additional Features 7

  We rate brokers based on user experiences, expert reviews, and factual information regarding their offerings.

  

Broker Overview

  Founded in 2022, Neotrades is an online forex and CFD broker registered in Mauritius. The platform provides access to the popular MetaTrader 5 (MT5) trading platform, which is known for its robust features and user-friendly interface. Traders can access a wide range of asset classes, including forex, stocks, indices, commodities, and cryptocurrencies. The broker is regulated by the Financial Services Commission (FSC) in Mauritius, which adds a layer of oversight but is considered less stringent than other major regulatory bodies.

  

Detailed Section

  Regulated Geographic Regions:

  Neotrades is primarily regulated by the FSC in Mauritius. While it accepts clients from various countries, it is essential to note that traders from the United States are not permitted to open accounts.

  Deposit/Withdrawal Currencies/Cryptocurrencies:

  Neotrades supports multiple currencies for deposits and withdrawals, including USD, EUR, GBP, and others. It also offers cryptocurrency options, allowing traders to deposit and withdraw using popular digital currencies.

  Minimum Deposit:

  The minimum deposit requirement is set at $1,000 for standard accounts, which is relatively high compared to some competitors that allow lower initial investments.

  Bonuses/Promotions:

  Neotrades offers various promotional bonuses, which can be attractive to new traders looking to maximize their initial capital. However, specific details about these promotions may vary and should be confirmed directly with the broker.

  Tradeable Asset Classes:

  The platform offers a diverse selection of tradeable assets, including over 1,000 CFDs across various categories such as forex, stocks, indices, commodities, and cryptocurrencies. This extensive range allows traders to diversify their portfolios effectively.

  Costs (Spreads, Fees, Commissions):

  Neotrades advertises competitive spreads starting from 1.5 pips, but some reviews suggest that the fee structure may not be entirely transparent. Users are advised to inquire directly with customer service for the most accurate fee information.

  Leverage:

  The broker offers leverage of up to 1:400, which can significantly amplify trading potential but also increases risk exposure. This high leverage is appealing for experienced traders but may be daunting for beginners.

  Permitted Trading Platforms:

  Traders can use the MT5 platform, which is available in desktop, web, and mobile versions. The MT5 platform is well-regarded for its advanced features, including automated trading capabilities and comprehensive charting tools.

  Restricted Regions:

  Neotrades does not accept clients from the United States, which may limit access for some traders looking for a global brokerage.

  Available Customer Service Languages:

  Neotrades offers customer service in multiple languages, including English, Arabic, Spanish, Indonesian, and Vietnamese, making it accessible to a broad audience.

  

Repeated Rating Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 7
Trading Settings 6
Trustworthiness 5
User Experience 6
Additional Features 7

  

Detailed Breakdown

  Account Conditions (6/10):

  The high minimum deposit requirement of $1,000 may deter novice traders. However, the availability of multiple account types allows for some flexibility.

  Tools and Resources (7/10):

  Neotrades provides access to the MT5 platform, which is rich in features. However, the educational resources available to new traders appear limited.

  Customer Service and Support (7/10):

  User reviews indicate that customer support is generally responsive and helpful. However, some users have reported difficulties with withdrawals, raising concerns about the reliability of the service.

  Trading Settings (6/10):

  While the platform offers competitive leverage and a variety of trading instruments, the overall trading experience may be affected by the lack of transparency regarding fees.

  Trustworthiness (5/10):

  The regulatory status of Neotrades under the FSC in Mauritius raises some concerns, especially for risk-averse traders. The absence of stronger regulatory oversight could pose risks.

  User Experience (6/10):

  The user interface is generally praised for its simplicity and ease of use. However, the mixed reviews regarding withdrawals and customer service experiences may impact overall satisfaction.

  Additional Features (7/10):

  Features like copy trading and PAMM accounts are valuable additions that can enhance the trading experience for both novice and experienced traders.

  Overall, while Neotrades presents several attractive features, potential users should approach with caution, particularly regarding regulatory concerns and withdrawal issues. As always, thorough research and consideration of personal risk tolerance are crucial before engaging with any brokerage.