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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.
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.
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.
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.
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.
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.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.