Neto Trade Forex Broker
| Name of the Company | Neto Trade UK LTD |
|---|---|
| Established in | 2010 |
| Online since | 2010 |
| International Offices in | France, United Kingdom |
| Payment methods | CashU, Credit/debit cards, Liberty Reserve, Wire transfer |
| Demo Accounts & Platforms | Meta Trader Limited to 30 Days Use |
| Different Account currencies | Australian dollar, Canadian dollar, Euro, Great Britain pound, Japanese yen, New Zealand dollar, Swiss franc, United States dollar |
| Different Currency pairs | AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD CAD/CHF CAD/JPY CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/DKK EUR/GBP EUR/HUF EUR/JPY EUR/NOK EUR/NZD EUR/PLN EUR/SEK EUR/TRY EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/NZD GBP/USD NZD/CAD NZD/CHF NZD/JPY NZD/USD USD/CAD USD/CHF USD/DKK USD/HKD USD/HUF USD/JPY USD/MXN USD/NOK USD/PLN USD/SEK USD/SGD USD/TRY USD/ZAR |
| Regulated & Registered by | |
| Are US Traders allowed? | No |
| Bonus? (detailed) | |
| Languages in which website is available | Arabic, English, French, Italian |
| Languages in which Support is available | Arabic, English, French, Italian, Portuguese |
| Different Support methods | Callback, Email, Live chat, Office, Phone, Skype, Web form |
| Types of account (micro standard executive islamic) | Mini, Gold, Platinum, ECN |
| Or others. | |
| Minimum account size | $100 |
| Minimum position size | 0.01 lot |
| Type of Spread | Fixed |
| Minimum spread on EUR/USD, pips | 3 |
| Types of Trading instruments (GOLD; CFD, etc. and the leverage) | Forex – 1:400, Gold & Silver – 1:400, CFD- 1:400, Oil- 1:400, Stocks – 1:400, Indexes – 1:400, Soft Commodities – 1:400, Spread Betting- 1:400 |
| Real Trading platforms | Meta Trader 4 |
| Digits after the dot in quotes | 4 |
| Total Number of currency pairs | 43 |
| · Do the have Interest rate on funds? | Yes |
| Any Bonus offers | Yes |
| Is Free education available | Yes |
| Do they provide Personal manager? | Yes |
| Is Trading by telephone allowed | Yes |
| Any MAM accounts | Yes |
| Do they have Segregated accounts? | Yes |
| Do they have Managed accounts | Yes |
| Affiliate program available | Yes |
| Islamic accounts available | Yes |
| Do they have Trailing stop | Yes |
| Do they have Pending orders | Yes |
| Mobile trading allowed | Yes |
| Automated trading present? | Yes |
Neto Trade forex broker is registered as Neto Trade UK Ltd. and was founded in the year 2010 and in the very same year they also started their online trading service which was internet based. The company is not regulated and has its office in France and United Kingdom. They offer the traders interest rates on funds and also have many bonus offers which add up to their funds. Free educational materials in the form of tutorials, videos and webinars are available to the customers on the website and can be easily accessed. They provide personal managers to their clients who help them to manage the account better. They also provide the facility of putting the trade using a telephone. Segregated account means that the trader’s fund and company’s fund would be kept separate. They also have MAM accounts, Managed accounts and Islamic accounts for their customers. Affiliate program allows traders to earn some money by referring other traders to Neto Trade brokers. A few other interesting features include trailing stops, pending orders, mobile trading and automated trading.
The trading platform for both demo as well as real trading account is Meta Trader 4 but for demo account it is limited to a use of 30 days only. They allow currencies from 8 countries in the trader’s accounts. Also they have 43 currency pairs to trade in which has all the major pairs. The customer support service and the website are available in many languages making it easy for the non- English speaking traders to communicate. The customer service can be availed using callback, email, phone, office, live chat, web form and even Skype. They have 4 types of trading accounts which include mini, gold, platinum and ECN and the minimum deposit required to open an account with them is $100 at a trade size of 0.01 lots.
The reviews are one of the best mediums to know about a company’s performance in the market as well as the quality of service that it provides to the customers. These reviews are true reflection as they come directly from the users of the service. The review for Neto Trade forex broker is quite positive and the most liked service is that they offer trading in instruments other than forex, like CFD, Oil, Stocks, Indexes, soft commodities and spread betting with leverage of 1:400 on each of them. Their customer support service is also liked by their clients as it is multilingual and the service is very prompt and responsive. They offer personal manager to handle the accounts better and is liked by many traders. A few cons mentioned in the review are that they do not have many payment options and that they are not regulated by any regulatory authority. Also they do not allow traders from United States to trade with them. However, the overall review is very positive and the average rating given to the company by its users is 5.9 out of 10.