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Forex Broker NetoTrade

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Review of the Forex broker Neto Trade

NetoTrade-Broker Review

NetoTrade is a Forex broker from UK which offers ECN accounts and allows to trade in the Forex market, with precious metals (gold and silver) and Contracts For Difference through various trading platforms, including Metatrader 4.


Type of broker

Neto Trade is a Non Dealing Desk broker..


Regulation

No information about it.


Country of origin

The headquarters of this company are located in London, United Kingdom.


Trading Instruments

This broker offers the possibility to trade in the market with the following instruments:
  • Forex Market: 52 currency pairs in the spot market, from the most important such as the EUR/USD, USD/JPY and GBP/USD to other more exotic like the USD/RUB for example. 
  • Commodities: Gold and Silver in the spot market and corn, gas, sugar, soy bean and other through CFD´s.
  • Contracts For Difference*: CFDs based on the following financial assets:
    • Stock Indices.
    • Commodities like those mentioned before.
 
*The trading conditions of the Contracts For Difference depends on the underlying asset of the contract.

Trading Accounts​

NetoTrade offers various types of trading accounts designed for clients with different profiles, from beginners traders to professional traders. The main features of these accounts are the following:

  • Mini Account: These accounts are designed for beginner traders and require a deposit of $100 to $ 5000. This account offers fixed spreads from 3.3 pips for EUR/USD, a maximum leverage of 1:400 and a minimum transaction size of 0.01 lots. It also has a bonus of 25% over the first deposit made by the trader.
  • Gold Account: It is the regular trading account of this broker, which was designed for professional traders with market experience. The account deposit required  to open an account of this type is $5000 to $10000 and it offers fixed spreads from 2.2 pips for the EUR/USD with a maximum leverage of 1:400 and a minimum transaction size of 0.05 lots. It also has a 20% bonus over the first deposit made by the trader.
  • Platinum Account: It's a trading account created for experienced traders who require even better trading conditions. This account requires a minimum deposit of $10000 to $25000 and it offers fixed spreads from 1.8 pips  for the EUR/USD with a maximum leverage of 1:400 and a minimum transaction size of 0.1 lots. It also has a bonus of 15% on the first deposit made by the trader. The Platinum account includes extra services for VIP clients such as trading signals and market reviews.
  • ECN Account: This is a trading account that offers  ECN trading conditions so it is ideal for professional traders who require the best conditions in their trades. With this account, the trader has access to major liquidity providers in the market such as large banks, which offer very low spreads that are subject to market conditions (supply and demand), with almost instantaneous executions. The  ECN/STP  model of NetoTrade enables clients to trade with  variable spreads from 0.3 pips for the EUR / USD. The minimum deposit to open an account of this type is $5000  and it provides a maximum leverage of 1:400 with a minimum transaction size of 0.05 lots.

Demo Accounts

NetoTrade offers a demo account without limit of time and with virtual money which allows the traders to practice their trading strategies.


Trading Platforms

This broker offers 4 types of trading platforms with different advantages which were designed to allow the user to trade with all the instruments offered by NetoTrade. The main features of these applications are the following:
  • Metatrader 4: It is the main trading platform of this broker and is based on Metatrader 4, one of the most popular and comprehensive application of its kind in the Forex market sector. Metatrader 4 is characterized by its reliability, robustness and the large number of functions and tools that it provides for the trader, including updated quotes, advanced charts with different time frames (1 minute – 1 month), market news and dozens of technical indicators incorporated. Also, this application offers several types of orders and a very fast execution. Another advantage is that Metatrader allows the creation, implementation and evaluation of automated trading systems known as Expert Advisors, which can be designed based on all kinds of strategies.
  • Neto Trade Web: It is a web-based platform that requires no download or installation and can be accessed from anyplace with Internet connection through the NetoTrade website. It has various functions and tools such as real-time prices, all types of orders, price charts with technical analysis indicators, updated market news and other. Additionally it offers the advantage that it is an easy to use and user-friendly application.
  • NetoTrade Mobile: It is a platform designed to provide complete access to the trading account of the client from any smart mobile device like the iPhone, Blackberry and devices based on Android technology. This application has price charts, real-time quotes, several types of orders, the complete history of closed trades and other functions. Thanks to its features, this applications allows to trade in the market with all financial instruments offered by NetoTrade.
  • CEO´s Platform: It is an application designed for professional account managers who are dedicated to managing client funds. This platform offers multiple capital management functions with supervisory capacit

Payment Options

-This clients of NetoTrade can deposit and withdrawal funds through Bank Wire Transfer,credit card (The major credit cards like VISA and Mastercard) and CashU.


Main Advantages of NetoTrade

  • This broker offers regular bonuses for clients that open a trading account and deposit funds. Depending on the type of account, these bonds can be from 15% to 25% on the amount deposited by the customer. 
  • ECN Accounts provide direct access to the major sources of market liquidity such as large banks. 
  • NetoTrade offers accounts with ECN and Market Maker trading conditions for clients with different needs and preferences. 
  • This company offers basic  trading  education through its website, which focuses mainly on the Forex and other financial markets and how to trade with them. It also has free video tutorials. 
  • In NetoTrade website, the visitors have access to daily and weekly analysis of the market based on technical analysis. 
  • For customers who have real trading account with the broker, there are additional services such as: 
    • Daily market reports. 
    • A training service through a personal assistant of the company which offers training in the use of NetoTrade services, including its trading platforms. This assistant also guides the clients in their market their if they require this kind of help. 
  • For customers with Platinum accounts, this broker has improved services according to their needs such as a VIP account manager, a VIP service of trading signals, additional offers and more. 
  • NetoTrade offers swap free version of its trading accounts (islamic accounts).
  • This broker allows to earn money promoting its services through various affiliates programs, including Netotrade Partners and Best Forex Partners.

Main Offers of NetoTrade

This broker offers regular bonuses for trading account opening and the deposit of funds. The amount of these bonuses depends of the capital deposited by the client. 

  • Currently, it offers a welcome bonus of 30% (of the capital deposited by the client) for new clients that open a trading account an deposit funds.

Other Categories of this broker

  • Gold Broker
  • Silver Broker.
  • ECN Broker.
  • Metatrader Broker.

Company NetoTrade UK Ltd.
Operating since 2010.
Minimum account size $100
Minimum lot size 0.01 lot.
Maximum Leverage(FX) 1:400
Spreads

-For regular trading accounts it offers fixed spread from 1.8-3.3 pips for EUR/USD.

-For ECN trading accounts it offers floating spreads from 0.3 pips for EUR/USD.

Link to the website NetoTrade Website
Open an account ECN Forex broker Netotrade

 

 

 

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