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Neotrades -

Score

1.41 /10
Danger

Neotrades

Mauritius

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://neotrades.com/

Influence

C

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.20

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ES CNMV
2024-03-11
CNMV ISSUES WARNING TO THE PUBLIC ON UNREGISTERED FIRM
Neotrades

Broker Information

More

Company Name

Neotrades Capital Ltd.

Company Abbreviation

Neotrades

Platform registered country and region

Mauritius

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Neotrades

Mauritius

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

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 21:29
Resolved

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 19:37
Unable to Withdraw

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 01:16
Scam

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 15:46
Neotrades · Company summary
Neotrades Review Summary
Founded2010
Registered Country/RegionMauritius
RegulationNot regulated
Market InstrumentsForex, Shares, Commodities, Indices, Bonds, ETFs (150+ markets via CFDs)
Demo Account✅
LeverageUp to 1:400
SpreadFrom 0.0002 (e.g. AUDUSD)
Trading PlatformMetaTrader 5 (MT5)
Min Deposit$1,000
Customer SupportTel (Mauritius HQ): +230 52970362
UAE: +971 45604965
Vietnam: +842444582034
Panama: +507 8336928

Neotrades 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.

Neotrades Information

Pros and Cons

Pros Cons
Access to 150+ CFD instrumentsNot regulated
MetaTrader 5 supportedHigh minimum deposit for entry-level account
No deposit or withdrawal feesNo support for MT4 or Islamic accounts

Is 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).

Is Neotrades Legit?

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.

Is Neotrades Legit?

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✅
hat Can I Trade on Neotrades?

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 For
Standard$1,000✅Not mentioned)✅Beginner traders
Advanced$5,000✅Not mentioned)✅Intermediate traders
Expert$25,000✅Not mentioned)✅Professional / high-volume traders
Account Types

Leverage

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 InstrumentsSpreadNotes
ForexAUDUSD, AUDJPY, AUDCADFrom 0.0002Tight spreads on majors
SharesApple, Amazon, AgilentFrom 0.15Contract size: 100
ETFsQQQ, VOO, GLDFrom 0.10QQQ has lowest spread
CommoditiesXAUUSD, XAGUSD, CopperFrom 0.04Low spreads on metals
IndicesDAX, FTSE, Euro 50From 6Slightly wider spreads
Neotrades Fees

Non-Trading Fees

Non-trading Fees
Deposit Fee Free (No fees charged for deposits)
Withdrawal Fee Free (No fees charged for withdrawals)
Non-Trading Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
MetaTrader 5 (MT5)✔Windows, macOS, iOS, AndroidIntermediate to advanced traders needing robust tools
MetaTrader 4 (MT4)❌––
cTrader❌––
Trading Platform

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 Time
Local Transfers$1,000FreeNot mentioned
Wire Transfers$1,000FreeNot mentioned
Visa$1,000FreeNot mentioned
Mastercard$1,000FreeNot mentioned
Cryptocurrency$1,000FreeNot mentioned
QR Pay$1,000FreeNot mentioned
Deposit and Withdrawal

User Reviews

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User comment

9

Comments

Write a review

步
more than one year
Tried this trading platform and my investment has been growing quite well. I also recently got some money out and I'm very happy with my Account Manager. I'm in contact with him weekly and he's always available to speak to me.
Tried this trading platform and my investment has been growing quite well. I also recently got some money out and I'm very happy with my Account Manager. I'm in contact with him weekly and he's always available to speak to me.
Translate to English
2023-03-06 16:51
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0
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Golden888
more than one year
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!
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!
Translate to English
2024-04-26 16:07
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0
0
4