Statistics of NetoTrade votes

NetoTrade reviews

NetoTrade_logo NetoTrade 6/10 (votes 2374)

On-line since: 2011
Country of origin: UK
Regulation: -
Payment options: credit cards, bank wire, QIWI, CashU
Minimum account size: $250
Minimum lot size: -
Leverage: 1:400
Spreads: tight, floating

NetoTrade was founded in 2011 by a team of savvy financial experts. The official website reads that the broker’s top priority is to provide its clients with the best trading conditions and the most popular trading instruments to earn online. Among the company’s instruments are currency pairs, CFDs, stock indexes, and commodities. The broker accompanies every customer by an individual package of services to suit any trading proficiency and to enable the most successful trading results. NetoTrade cares about safety of all clients’ funds and insures all investments.

Trading conditions

With NetoTrade, clients can trade a wide range of currency pairs, CFDs, stock indexes, commodities, shares, and cryptocurrencies. Traders can choose from four types of accounts: basic, gold, platinum, and ECN. Every account is customized by unique advantages and spreads, so a client can pick suitable trading conditions.

The broker assists its clients with training programs and extra tools to ensure successful trading such as the economic calendar, schedule of trading sessions, and daily analytical materials. Beginners can practice trading on a demo account and monitor strategies of experienced traders online.

Trading platforms

NetoTrade offers its clients online trading through its own cutting-edge platform with a great variety of functions and easy access. A client does not have to download the trading platform on a PC. Another good option to trade with the broker is MetaTrader 4, the most popular trading platform. A mobile app is also available with NetoTrade.

Customer support

At the bottom of the home page, the broker specifies contact information: several email addresses, a fax number, a phone number, and a feedback form. At the same time, there is no information on the working hours of the customer support.

Deposit and withdrawal

To deposit and withdraw funds, a client can use bank cards, bank wire, and payment systems like QIWI and CashU. However, the broker does not give details on withdrawal terms, transaction terms, and other specifics.

Reviews from traders

There is a little negative feedback from traders on the Internet. They voice two main complaints about a too long time of depositing an account and unfriendly customer support. Nevertheless, the company’s rank is measured at 3 out of 5 scores.

Pros and cons of NetoTrade

Advantages:

  • Affordable minimal deposit
  • Several types of trading account
  • Wide range of trading instruments
  • Quality educational content

Disadvantages

  • No information on supervisory agency
  • Limited options of deposit and withdrawal
  • No regular bonus programs

Conclusion

The broker aims to provide beneficial and flexible trading conditions, a vast arsenal of trading instruments, convenient trading platforms, and informative learning courses. On the flip side, there is no information on the license and a watchdog agency. This undermines trust in the broker. Besides, a limited number of withdrawing methods is a grave disadvantage which casts a shadow over the broker’s positive image. There are a few negative reviews of NetoTrade on the Internet. However, serious drawbacks have not been discovered so far.

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