Netotrade

General Information & Regulation

NetoTrade is an offshore forex broker registered in Saint Vincent and the Grenadines (SVG). It is important to note that the broker does not currently hold any authorized licenses. In addition, NetoTrade had been warned by the Financial Conduct Authority (FCA) back in 2013.

Official Website Unavailable

As of now, NetoTrade's website is no longer available. We can only get a rough idea of the information of the broker from some trader review portals.

Market Instruments

NetoTrade offers investors a range of financial instruments, including Forex, stocks, indices, oil, metals, agricultural products, etc.

Accounts & Leverage

NetoTrade has four account types for investors to choose from, namely Mini, Gold, ECN and Platinum accounts. All four account types have a maximum leverage of 1:400.

Spreads

The various account types are designed to meet the needs of different traders and, of course, have slightly different account entitlements. For example, the spreads for Mini, Gold, ECN and Platinum accounts start from 3.3 pips, 2.2 pips, 0.3 pips and 1.8 pips, in that order.

Trading Platforms

NetoTrade offers its clients two trading platforms: the well-known MetaTrader 4 (MT4) platform and the NetoTrade platform developed by the trader itself. Both platforms are available for PC and mobile use.

Deposit & Withdrawal

NetoTrade supports a variety of payment methods for deposits/withdrawals, including bank wire transfers, credit/debit cards, and CashU, an online payment method.

Restricted Areas

According to the information, NetoTrade does not specify which countries it accepts traders from, but the company notes that it does not offer its services to residents of the United States, Canada and Japan.

Risk Warning

A large number of complaints have been received from NetoTrade on several online platforms, mainly covering the inability to log in and the inability to withdraw funds. Please note that the trader may have closed and run away.