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NEOBROK

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://neobrok.com/index.php/en/

Website

Rating Index

Contact

+441887593302
info@neobrok.com
https://neobrok.com/index.php/en/
Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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NEOBROK · Company Summary

Aspect Information
Company Name NEOBROK
Registered Country/Area Saint Vincent
Founded year 2018
Regulation Not regulated
Minimum Deposit $60, €60, or 6000 RUB
Maximum Leverage Up to 1:100
Spreads Start at 0.01% for BTC/USDT
Trading Platforms WebTrader
Tradable assets Forex Currency Pairs, Metals, Commodities, Popular Indexes, Energy Financial Instruments, Liquid Bonds, Russian, European, and American Shares, Cryptocurrency Pairs.
Account Types Standard account
Customer Support Phone at +441887593302 and +74956403702; email at info@neobrok.com.
Deposit & Withdrawal Primarily uses cryptocurrencies
Educational Resources Limited educational resources

Overview of NEOBROK

NEOBROK, established in 2018 in Saint Vincent, offers cryptocurrency trading with notable pros and cons. It provides up to 1:100 leverage and competitive spreads starting at 0.01% for BTC/USDT. A low minimum deposit of $60, €60, or 6000 RUB enhances accessibility, and its user-friendly WebTrader platform suits traders of all levels. With 24/7 customer support, assistance is readily available. However, NEOBROK operates without regulatory oversight, lacks a demo account, and offers limited educational resources. It mainly uses cryptocurrencies for payments, and an 80 EUR monthly inactivity fee applies. Its trading assets encompass a wide range of options, appealing to diverse trading preferences.

Overview of NEOBROK

Is NEOBROK legit or a scam?

NEOBROK operates without regulatory oversight. The absence of regulation means there may be insufficient safeguards for traders and potential limitations on transparency and accountability. Unregulated entities may not adhere to industry standards, potentially exposing traders to scams, fraud, or other unethical practices. Therefore, individuals should exercise caution, perform thorough due diligence, and remain aware of the unregulated status of NEOBROK to ensure a safe and secure trading experience.

Is NEOBROK legit or a scam?

Pros and Cons

Pros Cons
Leverage Up to 1:100 Lack of Regulatory Oversight
Competitive Spreads No Demo Account Available
Low Minimum Deposit Limited Educational Resources
User-friendly Trading Platform Mainly Uses Cryptocurrencies for Payments
24/7 Customer Support Inactivity Fee of 80 EUR per Month

Pros:

  1. Leverage Up to 1:100: NEOBROK offers leverage of up to 1:100 for cryptocurrency trading pairs. This means you can trade a position that is 100 times the size of your deposit .

  2. Competitive Spreads: NEOBROK provides competitive spreads, starting at just 0.01% for BTC/USDT trading pairs. Competitive spreads can help lower your trading costs and potentially increase your profitability.

  3. Low Minimum Deposit: NEOBROK has a low minimum deposit requirement, allowing you to start trading with as little as $60, €60, or 6000 RUB.

  4. User-friendly Trading Platform: NEOBROK's WebTrader platform is known for its user-friendly interface, making it suitable for traders of all experience levels.

  5. 24/7 Customer Support: NEOBROK offers round-the-clock customer support through various channels, including live chat, email, and phone.

Cons:

  1. Lack of Regulatory Oversight: NEOBROK operates without regulatory oversight, which means it doesn't have the supervision and safeguards that regulated brokers do.

  2. No Demo Account Available: NEOBROK does not provide a demo account for traders to practice or test strategies without risking real funds.

  3. Limited Educational Resources: NEOBROK doesn't provide an extensive range of educational materials such as tutorials, webinars, or articles to enhance traders' knowledge. This might require traders to seek external educational sources.

  4. Mainly Uses Cryptocurrencies for Payments: Although NEOBROK claims to accept credit cards and e-wallets like QIWI and Payeer, it primarily uses cryptocurrencies for payments.

  5. Inactivity Fee of 80 EUR per Month: NEOBROK imposes an inactivity fee of 80 EUR per month if your account remains inactive for one month.

Market Instruments

Neobrok offers a diverse range of trading assets, providing ample opportunities for traders. Their WebTrader platform includes:

  • 44 Forex Currency Pairs: Traders can engage in the forex market with a wide selection of currency pairs, allowing them to capitalize on global exchange rate fluctuations.

  • 6 Metals for Trade: The platform includes trading options for various metals, offering opportunities for those interested in the precious metals market.

  • 10 Commodities: Neobrok allows trading in a variety of commodities, enabling investors to benefit from fluctuations in commodity prices.

  • 11 Popular Indexes: Access to popular stock market indexes provides traders with the ability to invest in and speculate on broader market trends.

  • 3 Energy Financial Instruments: Neobrok supports trading in energy-related financial instruments, offering opportunities in the dynamic energy sector.

  • 17 Liquid Bonds: Traders can participate in the bond market, benefiting from the stability and income potential of bonds.

  • 23 Russian, 100+ European, and 300+ American Shares: Neobrok's extensive stock selection includes shares from various regions, providing diversified investment options.

  • 22 Cryptocurrency Pairs: For those interested in the cryptocurrency market, Neobrok offers numerous cryptocurrency pairs for trading.

This broad spectrum of trading assets caters to a wide range of trading preferences and strategies, allowing traders to diversify their portfolios and explore multiple financial markets.

Market Instruments

Account Types

Neobrok offers a standard trading account with several key features. Traders can access leverage of up to 1:100, enabling them to amplify their positions. The spreads for BTC/USDT trading pairs start from as low as 0.01%. Neobrok charges a reasonable 0.1% commission on all trades. The minimum deposit requirement is $60, €60, or 6000 RUB, making it accessible for various traders. While there is no demo account available, traders can utilize the user-friendly web-based trading platform. Customer support is accessible 24/7 through live chat, email, and phone, ensuring assistance is readily available.

Feature Standard account
Leverage Up to 1:100
Spread Starts from 0.01% for BTC/USDT
Commission 0.1% on all trades
Minimum deposit $60, €60, or 6000 RUB
Demo account No
Trading tool Web-based trading platform
Customer Support 24/7 via live chat, email, and phone

How to Open an Account?

Opening an account with Neobrok is a straightforward process that involves several clear steps:

  1. Visit the Official Website: Start by accessing Neobrok's official website using your web browser.

  2. Registration: Look for the “Sign Up” or “Open an Account” button on the website's homepage. Click on it to begin the registration process.

  3. Personal Information: You'll be prompted to fill out a registration form with your personal details, including your name, email address, phone number, and country of residence. Ensure all information is accurate and up to date.

  4. Verify Identity: Neobrok may require users to verify their identity for Know Your Customer (KYC) purposes. This typically involves providing official identification documents such as a passport, driver's license, or other relevant documents.

  5. Deposit Funds: Once your identity is verified, you can proceed to fund your trading account. Neobrok accepts payments in USD, EUR, and RUB. The minimum deposit requirement is $60, €60, or 6000 RUB. You can use accepted payment methods such as credit cards or e-wallets for deposit.

With your account funded, you can now start trading on the Neobrok platform, accessing various trading instruments and taking advantage of their trading features. Remember to trade responsibly and stay informed about market developments.

Open an Account

Leverage

Neobrok provides leverage of up to 1:100 for all cryptocurrency trading pairs. This allows you to trade with a position size that is 100 times the value of your initial deposit.

Spreads & Commissions

Neobrok's spreads are competitive and start at 0.01% for BTC/USDT. The exchange also charges a commission of 0.1% on all trades.

Trading Platform

NEOBROK provides a trading platform known as WebTrader, designed to accommodate traders with varying levels of experience, from beginners to professionals. This web-based platform is known for its accessibility and compatibility with multiple operating systems, including Windows, Mac, and Ubuntu, without the need for complex installations.

WebTrader offers essential features such as a user-friendly interface, a variety of trading indicators, a news feed, support for cryptocurrency trading, and trading signals for replication. It includes six time frames for analysis, over 100 trading indicators, and a simplified charting system for technical analysis, allowing users to easily place pending orders directly from the charts.

One notable advantage of WebTrader is its robust testing and debugging capabilities, especially useful for traders employing automated strategies. This feature helps traders fine-tune their automated trading systems for greater precision.

In summary, NEOBROK's WebTrader is a practical and versatile trading platform, catering to traders with different needs and preferences.

Trading Platform

Deposit & Withdrawal

NEOBROK offers several payment methods, including credit cards and e-wallets like QIWI and Payeer. They accept payments in three currencies: USD, EUR, and RUB. The minimum deposit amount is 60 USD, 60 EUR, or 6000 RUB. However, it's important to note that NEOBROK primarily utilizes cryptocurrencies as a payment method.

Deposit & Withdrawal

The minimum deposit amount for a Neobrok account is 60 USD, 60 EUR, or 6000 RUB.

Additionally, NEOBROK specifies a fee for inactive accounts. If an account remains inactive for one month, an 80 EUR fee is charged. It's advisable to carefully review the terms and conditions regarding fees and payment methods before engaging with the broker.

Customer Support

Neobrok offers 24/7 customer support via live chat, email, and phone.

You can reach NEOBROK's customer support through their provided contacts, including phone numbers at +441887593302 and +74956403702.

For written communication or inquiries, you can contact them at Neoholding Ltd., Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines, or email them at info@neobrok.com.

Their support team is available to assist with any questions or concerns you may have.

Customer Support

Educational Resources

NEOBROK offers limited educational resources. While their trading platform is user-friendly, they do not provide an extensive range of educational materials. Traders may find a lack of in-depth educational content such as tutorials, webinars, or articles to enhance their trading knowledge. As a result, individuals looking for comprehensive educational resources to support their trading journey might need to consider external educational sources to supplement their learning.

Educational Resources

Conclusion

NEOBROK offers a diverse range of trading assets, including forex pairs, metals, commodities, indexes, energy instruments, bonds, shares from various regions, and numerous cryptocurrency pairs. While these offerings provide ample opportunities for traders, it's essential to note that NEOBROK operates without regulatory oversight, lacks a demo account, and provides limited educational resources. On the upside, it offers competitive spreads, up to 1:100 leverage, a low minimum deposit, a user-friendly trading platform, and 24/7 customer support. Traders considering NEOBROK should carefully evaluate their individual needs and risk tolerance to make an informed decision.

FAQs

Q: What is the minimum deposit required to open an account with NEOBROK?

A: NEOBROK requires a minimum deposit of $60, €60, or 6000 RUB to get started.

Q: Does NEOBROK provide a demo account for practice trading?

A: No, NEOBROK does not offer a demo account for traders to practice without risking real funds.

Q: What are the available customer support channels at NEOBROK?

A: NEOBROK offers 24/7 customer support through live chat, email, and phone.

Q: How can I contact NEOBROK's customer support team?info@neobrok.com.

Q: Are there any fees for inactive accounts on NEOBROK?

A: Yes, NEOBROK imposes an inactivity fee of 80 EUR per month for accounts that remain inactive for one month.

Q: Is NEOBROK a regulated broker?

A: No, NEOBROK operates without regulatory oversight, which means it lacks the supervision and safeguards provided by regulated brokers.

Broker Information

Company Name

Neoholding ltd.

Company Abbreviation

NEOBROK

Regulatory Status

No Regulation

Platform registered country and region

Saint Vincent and the Grenadines

Phone of the company
  • +441887593302

  • +74956403702

Twitter

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Company address
  • Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • info@neobrok.com

  • support@neobrok.com

Company Summary

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