NetoTrade Review
2.0/5

NetoTrade Review

Non-Recommended Broker

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❌NON-RECOMMENDED BROKER

This broker was not featured in our 2024 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.

We review all brokers to a strict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. All brokers are then given a score out of 100. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information.

If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.

As a global investment company and Forex broker, NetoTrade specialises offering its clients access to the global financial market, offering advanced trading tools and excellent customer support for trading on the international markets. This broker offers trading in both commodities and stock indices CFDs and foreign currencies. Founded by a group of experienced financial experts who between them have been working in the forex industry for more than half a century, NetoTrade’s mission is to give its clients the best chance of success by offering a comprehensive trading and investment service. With its commitment to transparent pricing and fast trade executions, NetoTrade also offers up to date Forex commentaries and news, access to expert market research and professional charting tools so that whatever level of experience you have, you will benefit from a customised trading package.

BonusNo
RegulationNo
MobileYes
InstrumentsForex, Metals, Commodities, Indices, Stocks
Websitewww.netotrade.com
NOT VERIFIED

Why Choose NetoTrade?

  • Over 90,000 clients
  • 6 years of experience in the industry
  • More than 100 tradable instruments
  • Tight Forex spreads
  • Flexible leverages up to 400:1
  • MetaTrade 4 trading platform
  • Mobile trading platforms
  • Various accounts to suit individual needs
  • Live Support
  • Secure client funds
  • No restrictions on trading methods including use of Expert Advisors, hedging or scalping techniques.

Trading Accounts Offered by NetoTrade

NetoTrade offers several different types of account to accommodate all kinds of investors. These include:

Mini Account

Designed for novices, this account requires a $500 minimum deposit and has the following features:

  • Spreads from 3.3 pips
  • Leverage up to 400:1
  • Live chat support
  • All trading platforms are available
  • A welcome bonus of 25%

Gold Account

Designed for traders who are already familiar with trading in Forex and who require a better deal, this account has the following features:

  • Minimum deposit of $5000
  • Spreads from 2.2 pips
  • Leverages up to 400:1
  • Welcome bonus of 20%
  • Personal account manager
  • Live chat support
  • Access to educational tools
  • All trading platforms available

ECN Account

Perfect for experienced and professional traders, this account has the following features:

  • Minimum deposit of $5000
  • Spreads from 0.3 pips
  • Leverage to 400:1
  • Welcome bonus of 15%
  • Personal account manager
  • Live chat support
  • Access to educational tools
  • Technical analysis reports
  • All trading platforms available

Platinum Account

Designed to meet the needs of experienced investors, this account has the following features:

  • Minimum deposit of $50,000
  • Spreads from 1.8 pips
  • Welcome bonus of 15%
  • Leverage to 400:1
  • Personal account manager
  • Live chat support
  • Educational resources
  • Technical analysis reports
  • Access to all trading platforms
  • Market update emails

NetoTrade’s MetaTrader 4 Trading Platform

NetoTrade offers the popular MetaTrader 4 trading platform to its clients with all of its impressive features including:

  • Real time quotes
  • User friendly interface
  • 1 click trading
  • All order types
  • Rapid trade executions

NetoTrade has a web based platform which means that there is no need for downloads or installation, clients can simple trade wherever they may be from any internet enabled device with some of these key features:

  • Many order execution types
  • Chart based position keeping
  • Customisable indicators
  • Instant response to trading alerts
  • Real time advanced charting
  • Trading from charts
  • Setting of take profit and stop loss
  • Ability to modify, close and open orders

NetoTrade also offers the NetoTrade Mobile app which allows clients to trade using their smartphone or tablet. This app can be used with all major operating systems including Blackberry 6, Android and iPhone.

Banking and Customer Service Availability

NetoTrade ensure the safety of their clients funds whenever they deposit a payment into their trading account and there is no expiry period on any open account. It is quick and easy to deposit funds online and the following options are available for deposits:

  • Credit card – instant deposit and maximum deposit amount per week is $20,000
  • CashU – instant deposit
  • Bank Transfer – deposits are processed within 3 to 5 working days

The minimum amount that can be deposited or withdrawn is $100. Once a withdrawal request has been submitted and received, it takes NetoTrade up to three working days to process it and then a further 5 to 7 days before funds appear in the client’s account. Funds are withdrawn via the same method that funds were deposited into the account and there is no maximum limit on withdrawals or any fees charged by the broker. For clients who have deposited funds into their account with a credit card, only a value up to the amount of that deposit may be withdrawn back to the card, any sum over that amount will be transferred into the client’s bank account.
When contacting NetoTrade, there are numerous methods by which the customer support team can be contacted. The broker provides three different email addresses on its website so that enquiries and issues can be addressed to the most appropriate department: the support, finance or compliance teams. The website also lists two telephone numbers that can be used to contact a NetoTrade customer service representative, one based in the UK and one based in Switzerland. Two fax numbers are also supplied, one in the UK and one in Switzerland.

NetoTrade also has a convenient Live Chat facility which allows clients to pose urgent questions or have important issues addressed as quickly as possible. NetoTrade also has an active social media presence and can be followed on Facebook, Twitter, LinkedIn, Google+ and on YouTube. There is also a handy call back feature on the homepage which allows clients to complete their details and receive a telephone call at a time to suit their availability. Their website is also available in several languages to cater for the needs of the broker’s clients from all around the globe, including:

  • English
  • Russian
  • French
  • Arabic
  • Portuguese
  • Italian
  • Spanish

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Cryptocurrency Trading
N/A
Min Deposit: N/A

2.0
Licensing & Safety
2.0
Markets
2.0
Bonuses & Promotions
2.0
Customer Support
2.0 Overall Rating

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NetoTrade Review
2.0/5