Neotrades
Neotrades Review 2025 – Is It a Safe Forex Broker?
Thinking of trading with Neotrades? In this detailed review, we examine Neotrades’ regulations, account types, spreads, fees, platforms, and more. By the end, you’ll know whether Neotrades is a suitable broker for your trading needs in 2025.
| Feature | Details |
|---|---|
| Broker Name | Neotrades |
| Founded | 2021 |
| Headquarters | Port Louis, Mauritius |
| Regulations | FSC Mauritius (Global Business License Category 1) |
| Minimum Deposit | $250 |
| Account Types | Standard, ECN, Islamic (Swap-Free) |
| Trading Platforms | MetaTrader 5 (MT5), WebTrader |
| Instruments Offered | Forex, Indices, Commodities, Metals, Stocks CFDs, Crypto CFDs |
| Leverage | Up to 1:500 (varies by region) |
Regulation & Safety
Neotrades is lightly regulated and offers basic trader-protection measures:
- Regulated by the Financial Services Commission (FSC), Mauritius
- Global Business License – GBL Category 1
- Segregated client funds
- Basic negative balance protection
*Note: FSC Mauritius is not a top-tier regulator like ASIC, FCA, or CySEC. Traders should evaluate risk accordingly.*
Account Types Offered
| Account Type | Platform(s) | Spreads From | Commission | Minimum Deposit |
|---|---|---|---|---|
| Standard | MT5 / WebTrader | ≈ 1.5 – 2.0 pips | No commission | $250 |
| ECN | MT5 | 0.1 pips | ≈ **US$4 – US$6** per lot (round-turn) | $500 |
| Islamic (Swap-Free) | MT5 / WebTrader | Same as Standard or ECN | Small admin fees may apply | $250 |
Trading Platforms
- MetaTrader 5 (MT5) – advanced charting, automated trading
- WebTrader – browser-based trading platform
- Mobile apps for iOS and Android
- Supports EAs, indicators, and custom scripts
Instruments You Can Trade
- 50+ Forex pairs
- Indices (US30, NAS100, SPX500, etc.)
- Commodities & energies (Oil, Gas, etc.)
- Metals (Gold, Silver)
- Stocks CFDs
- Cryptocurrency CFDs
Spreads, Fees & Commission
- Spreads: Standard spreads from 1.5 pips; ECN spreads from 0.1 pips
- Commissions: ECN accounts charge ≈ US$4–6 per lot
- Swap Fees: Charged on overnight positions unless using Islamic accounts
- Deposit/Withdrawal Fees: Some payment methods may have fees
- Inactivity Fee: Applies after long periods of inactivity
Security & Measures
- Segregated client accounts
- SSL encrypted transactions
- KYC/AML verification
- Risk warnings provided on website
Deposit & Withdrawal Options
| Method | Processing Time | Fees / Notes |
|---|---|---|
| Credit / Debit Card | Instant | Possible small fees |
| Bank Transfer | 2–5 business days | Bank fees may apply |
| E-wallets (Skrill, Neteller) | Instant–Same day | Varies by provider |
| Cryptocurrency | Minutes to hours | Network fees apply |
Customer Support
- 24/5 Live Chat
- Email support
- Phone support in select regions
- Support available in multiple languages
Pros & Cons
Pros
- MT5 platform with fast execution
- ECN account with tight spreads
- Crypto CFD trading available
- High leverage up to 1:500
Cons
- Not regulated by top-tier regulators (ASIC, FCA, CySEC)
- Higher minimum deposit ($250)
- Limited platform choice (MT5 only)
- Withdrawal fees may apply on some methods
Is Neotrades Right for You?
Neotrades is suitable for traders seeking MT5 access, high leverage, and the ability to trade Forex, CFDs, and crypto. ECN spreads are competitive, but the lack of top-tier regulation and relatively high minimum deposits may concern some traders.
Scalpers and experienced traders may benefit from the ECN account, while beginners should approach with caution due to regulation considerations.
If you decide to choose Neotrades:
Open Live Account with Neotrades
FAQs About Neotrades
Is Neotrades regulated?
Yes — Neotrades is regulated by the Financial Services Commission (FSC) of Mauritius.
What is the minimum deposit?
The minimum deposit is $250 for Standard accounts and $500 for ECN accounts.
Does Neotrades offer Islamic/swap-free accounts?
Yes, Islamic accounts are available upon request.
How tight are the spreads?
ECN spreads start from 0.1 pips; Standard spreads start from around 1.5 pips.
How long do deposits/withdrawals take?
E-wallets and crypto are the fastest; bank transfers take longer (2–5 business days).
Disclaimers
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Make sure you fully understand the risks involved before trading.
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