Score
Netotrade
United Kingdom|5-10 years| https://www.netotrade.ae
Website
Rating Index
Influence
Influence
D
Influence index NO.1
United States 2.62Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
netotrade.ae
Server Location
United States
Website Domain Name
netotrade.ae
Server IP
35.227.196.172
Company Summary
Note: Netotrade's official website: https://www.netotrade.ae/ is currently inaccessible normally.
| Netotrade | |
| Founded | 2010 |
| Registered Country/Region | Cyprus |
| Regulation | No regulation |
| Market Instruments | Forex, Cryptocurrencies, Stocks, Commodities, Indices |
| Account Type | Mini, Golden, Platinum, and ECN |
| Demo Account | ✔ |
| Leverage | 1:30 |
| Spread | 0.3-3.3pips |
| Deposit & Withdrawal | Bank Transfer, Credit/Debit Cards, Skrill, Neteller |
| Trading Platform | MetaTrader 4, MetaTrader 5, NetoTrade WebTrader |
| Minimum Deposit | $500 |
| Customer support | 24/5 Live Chat, Email, Phone |
| Educational Resource | Trading Academy, Ebooks, Webinars, Expert Analysis |
Netotrade Information
Netotrade, founded in 2010, is a brokerage registered in Cyprus. The trading instruments it provides cover Forex, Cryptocurrencies, Stocks, Commodities, Indices. It provides 4 accounts and 3 trading platforms. But it is currently unregulated and lacks security.
Pros and Cons
| Pros | Cons |
| Diverse trading platforms | No regulation |
| Lots of tradable assets | High withdrawal fees and slow processing times |
| Multiple account types offered | |
| Competitive spreads from 0.3 pips | |
| Demo Account Available |
Is Netotrade Legit?
It is clear that Netotrade, which was registered in 2010 and is currently unregulated, is insecure.
What Can I Trade on Netotrade?
Netotrade offers traders the opportunity to trade Forex, Cryptocurrencies, Stocks, Commodities and Indices. But it can't offer products such as CFDs and ETFs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| ETFs | ❌ |
| CFDs | ❌ |
| Bonds | ❌ |
| Futures | ❌ |
Account Types
Netotrade offers a total of 4 different types of accounts to traders -MiniAccount, Golden Account, Platinum Account, ECN Account. It also provides demo account.
| Account Types | Minimum Deposit | Leverage | Spread | Commission | Additional Features |
| Mini | $500 | 1:400 | From 3.3 pips | $0 | 25% education bonus |
| Golden | $5000 | 1:400 | From 2.2 pips | $0 | 20% welcome bonus, personal account manager |
| Platinum | ＄5000 | 1:400 | From 1.8 pips | $0 | Personal account manager |
| ECN | $5000 | 1:400 | From 0.3 pips | 0.3 points | Personal account manager |
Netotrade Fees
4 accounts are different in spread and commission. ECN account's spread is the lowest, starting with 0.3pips, but it charges from 0.3 points for every transaction. The other 3 accounts all charge no commission. Mini account's spread is the highest, starting with 3.3pips.
| Account Types | Spread | Commission |
| Mini | 3.3pips | $0 |
| Golden | 2.2pips | $0 |
| Platinum | 1.8pips | $0 |
| ECN | 0.3pips | From 0.3 points |
Netotrade Platform
Netotrade provides 3 trading platform-MetaTrader 4, MetaTrader 5, and NetoTrade WebTrader, which supports traders on PC, Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 Margin WebTrader | ✔ | Web, Mobile | Proficient |
| MT4 | ✔ | Desktop, web, and mobile | Beginner |
| NetoTrade WebTrader | ✔ | Web | Beginner |
Deposit and Withdrawal
The broker supports three payment methods: Bank wire transfer, Debit/credit cards, E-wallets. In addition, its withdrawals fees are high and processing times are slow.
| Deposits | Withdrawals | |
| Method | Bank wire transfer, Debit/credit cards, E-wallets | Bank wire transfer, Debit/credit cards, E-wallets |
| Fees | No fees | $25 wire transfer fee, 3% card fee, 3% e-wallet fee |
| Processing Time | Instant with cards, up to 1 business day for wire transfers | Up to 5 business days for wire transfers, up to 3 days for cards/e-wallets |
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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