Neotrades has a rating of 2.9 stars from 163 reviews, indicating that most customers are generally dissatisfied with their purchases. Neotrades ranks 5th among Brokerage sites.
Not truly impressed.
I tested it and yeah, it's MetaTrader 5, yeah, it's a diversity of assets and yeah, it's the possibility to copy trade.
But what about education? Do smth.
Taking into account that the company is comparatively new on the market, or at least it seems to be the one, I should say that it's comparatively good and it can even become a competitor for many other more famous brokerage companies.
There is a good selection of assets including the endemic IPOs, plus there's a Metatrader 5 that can boast a broad array of timeframes and different instruments for market analysis.
If you are bored of manual trading then Neotraders introduces possibility to copy trade or to engage in account management.
There's quite an interesting environment around there.
Having an experience of trading with different companies, this one leaves exceptionally positive emotions so far.
A couple of days ago I made my first steps on this platform and decided to express my opinion about it.
First things first - the company has a regulation, which is extremely important for not worrying about funds and data safety.
Secondly, I truly admire the performance of the MT platform.
Thirdly, I relish the fact there's a space for improvement. If you have obtained primary skills and want to test something new, then you can pay attention to the copy trading functionality, or if you believe you are skilled enough, you can consider Pamm account.
Neotrades are cool.
I believe that it matters how modern the broker is. It affect how diverse and suitable conditions company provides.
Speaking of diversity. It seems to me that only one trading platform is disadvantage. I find it important for some traders have a choice.
Otherwise, broker is excellent
Neotrades are those guys that surround me with everything I need daily: robust platform, choice of different assets, and a good span of instruments for analysis.
Some companies say that they have fast order execution, and some companies have really fast order execution.
Neotrades is just one of such brokers.
I don't know how, but they achieved that orders are executed instantly
I started with 250$ account. Everything was going good for 3 weeks time. Then they insisted me to increase the capital and asked me to invest another 8K$. Then they started taking big lots and suddenly they told me if you don't add another 10K$ your account will be in danger and you will be washed out. Then within 2 days I lost all the money.
The Trading Central at Neotrades is quite a handy feature. I appreciate the trading signal they provide daily.
We can say that this broker provides all the best for traders with exception of trading platform. Yes, I am in the camp of those who are in favor of alternative platforms to MetaTrader.
Although MT5 is a powerful and feature-rich platform.
I am fond of trading more serious asset classes, like stocks, indices and others. So Neotrades is a perfect company for me since it provides a ton of this type of assets.
Much more than I have traded before.
I even have the opportunity to tarde ETFs and bonds. Despite the fact all those markets require deeper knowledge in fundamental analysis, it won't stop me.
My goal is to increase the awareness, raise my trading skills and use the PAMM account or copy trading.
I want to scale the profits through account management. Neotrades has everything to accomplish my long term goal.
Hopefully the broker will only get better over time.
I am not impressed by the company as I had expected to be impressed. After readinggg a couple of reviews, I thought that it would be a really cool broker with outstanding features. However, features truned out to be ordinary for me.
Of course, I like the fact everything works stably here. I have tested the platform, I quickly signed up, and the range of markets is quite broad, but at the same time, nothing is suprising.
I wish this broker further development, because it really has all chance to evolved into a top-tier company. So far, can't add here more.
I would call the broker perfect, but many people will disagree with me. There are some pretty exclusive services offered by the broker such as a dedicated account rep, daily analysis, and also one-on-one meetings with the account rep. You can use a leverage of up to 1:400. Honestly, not bad.
There is something about the broker that made me open an account in the first place. Maybe it's the trustworthy environment or solid trading conditions idk.
Probably it's the combination of all the factors. Because Neotrades is a regulated and established entity so I don't have to worry about the future of my trading.
Plus it offers some interesting features to all the clients. Like the PAMM account that allows you to become a full-fledged account manager with your honed trading strategy.
Speaking of the flaws of the broker I can say that Neotrades has to work on the number of payment mechanisms.
The ones that they provide right now are okay, but I'd like to see more of the alternative methods for different traders.
The broker is good, but is hardly the place for the regular trader. Is the broker reliable? Yes. Trustworthy? Sure. Affordable? Far from it.
I did not expect that this broker has such a large selection of assets to trade. Some of them I traded for the first time.
Here I got a wide range of possibilities for trading and I like it! For example, broker provides comprehensive support.
Looking at this company through the prism of my experience, I should confirm that you can make money here. Not easily and without any difficulties, because trading isn't an easy venture, nevertheless they have managed to devise and embed an infrastrcture which prepossesses to making good dough.
Conditions are pretty favorable, there's nothing to pick on.
My returns from my trades were becoming less and less, I started to have problems, maybe I lost my focus maybe it was my broker who was charging me a ton of hidden fees, comms and spreads i dont know, so i left. Then I run into neotrades and registered, started making some trades here and there, my results were better because my cost of trading was lower. Even though i think the trading conditions could still be slightly improved, their copy trading platform was what gave me the results i wanted.
They need alot to become good broker
I have joined them since one and half months and the reason they advertised providing good signals and asked me to deposited $250 to get the signals and when i do what i got is technical anyalsis which are avialble onmarket for free. But then the account manager try to figure some trades which was good trades and profitable but it need good capital and need time to mnoitor. I can confirm they are expert in the siganls but they have the worest support and the web site is too bad and not fubctioning well and if u send an email sking for help nobody will care about you. Now i tried many time to withdraw my $250 but I cant because i need to fully verified my acrd and to do this u need to upload ut card pic but the problem the web not working well which prevent u from uploading so i sent them the documents on emailto verifiy but no one care. I rise a complain to them compaint dep. Again this dep look like have same problem. They will ignore you if you did not lisen to them and fund ur acc with at least $5k. So Im going to rise the complain to the regulator it self. I dont recommended this broker at all unles they change the way of them dealing with customer
Answer: One of the advantages of a PAMM account here is actually no limitations on the withdrawal. What's even more is that you can take out, transfer or add money basically whenever you want.
Answer: I can say that trading can be difficult for beginners in principle. There are so many dangers that beginners don't know about yet. But after overcoming all challenges, beginner gets experience that allows him to make excellent profits from trading. So one of the dangers that I wrote about is the ratio of margin size, lot size and risks. Neotrades helps to overcome such a danger. Minimum deposit of this broker makes trading safe. Also for beginners, Neotrades has free analytics.
Answer: Well, thats easy. The live chat is simply the easiest way to get in touch. It is fast and very convenient as well.
Answer: Has some strong and some weaker points compared to other brokers. But overall, my impression has been pleasant, they provide a fairly good service!
Answer: X400? Why it shouldn't be enough? I would even say it's more than enough, just make quick calculations. Some brokers offer x1000 or even x2000, but do u guys really need that leverage? It means margin call and stop out within milliseconds, you dig that? So, for profitable trading it's even more than enough as I said. Deposit more money and don't abuse leverage much, it's not wise, man.
Answer: Sure, it does align with my strategy because it's about safe approach. I mean I don't rush when it's not necessary, for instance, when I see that the price is about to break th level out, I would better check everything twice because... pullback is also possible. This is the reason why I don't abuse leverage much and x400 is more than enough for me to comply with both my strategy and risk management. In general, it's cool that Neotrades provides such a leverage. There are those who love risks.
Answer: You mean what? Their platform or app for mobile trading? Anyway I tried both trading on the desktop and using my smartphone, everything was fine. It's famous metatrader 5 and it's optimized to the degree that you experience no difficulties whatsoever. Idk how, but they managed to integrate all the instruments from desktop version to mobile, so analysis is as simple as if you trae using your laptop. So, yeah, I kinda get along with this platform.
Answer: Well, it is easy, but it is not exactly easy. Lol... ummm, you basically have to study the results of the traders you want to copy. Not just their results, but their trading styles, risk, trading frequency... quite a bit. Once you find someone you think is going to be the best fit, then you can allocate funds and copy. It's easy, but not exactly easy.
Answer: There are no significant difference among the accounts offered by the broker. I would say, for positional trading you can opt for any of them and you have to appeal to your personal financial capabilities, because sum of minimum deposit varies. It's cool that on Advanced and Expert accounts you have a chance to meet with the account representative and maybe you can get certain insights from him. In other cases, leverage is the same, platform is the same, number of assets is the same too...
Answer: If you want to invest in accounts of professional traders then you should meet all the requirements, for instance, they can set their own rules of trading strategies, paying out or the threshold of minimum deposit. I mean, everyone has different requirements.
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