Global Broker Regulatory Inquiry Platform
WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

NeoTrade

Dominic Dominic | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://neotrade.pro/

Website

Rating Index

Contact

+34 910039618
https://neotrade.pro/
8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Dominic
Operating Period
5-10 years
Company Name
Donnybrook Consulting Ltd.
Customer Service Email Address
support@neotrade.pro
Contact Number
+34910039618
Company Website
Account
Website
Company Summary
Disclosure
Wiki Q&A
Comment

Users who viewed NeoTrade also viewed..

FXCM

FXCM

9.40
Score
Above 20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
FXCM
FXCM
Score
9.40
Above 20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
PUPRIME

PUPRIME

8.53
Score
ECN Account5-10 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
PUPRIME
PUPRIME
Score
8.53
ECN Account5-10 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
TMGM

TMGM

8.55
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
TMGM
TMGM
Score
8.55
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
vantage

vantage

8.70
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
vantage
vantage
Score
8.70
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website

Website

  • neotrade.pro
    104.27.176.238
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Company Profile

Company Profile

Review summary

Note: NeoTrade is to operate via the website - https://neotrade.pro/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No Regulation
Market Instrument forex | commodities | indices | stocks | metals | energies
Account Type Starting | Standard | Trader | VIP
Demo Account N/A
Maximum Leverage Starting: 1:20 | Standard: 1:50 | Trader & VIP: 1:100
Spread Starting: from 0.4 pips | Standard: from 0.3 pips | Trader: from 0.2 pips | VIP: from 0.1 pips
Commission N/A
Trading Platform MT4
Minimum Deposit $250
Deposit & Withdrawal Method VISA | MasterCard | Piastirx | wire transfer

NeoTrade, a trading name of Donnybrook Consulting Ltd., is allegedly a forex broker registered in Dominic that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:100 and floating spreads from 0.1 pips on the MT4 trading platform via four different live account types.

As for regulation, it has been verified that NeoTrade currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.34/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

NeoTrade advertises that it is an online trading platform provider offering trade in forex, commodities, indices, stocks, metals and energies.

Account Types

NeoTrade claims to offer four types of trading accounts - Starting, Standard, Trader and VIP, with minimum initial deposit requirements of $250, $2,500, $5,500 and $20,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Types

Leverage

The specified leverage for different account types at NeoTrade varies between 1:20 and 1:100. Leverage is adjusted based on balance and certain assets. Clients on the Starting account have a leverage of 1:20, the Standard account can experience a higher leverage of 1:50, while only the Trader and VIP accounts can enjoy the highest leverage ratio of 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

All spreads with NeoTrade are a floating type and scaled with the accounts offered. Specifically, the spread starts from 0.4 pips on the Starting account, from 0.3 pips on the Standard account, from 0.2 pips on the Trader account and 0.1 pips on the VIP account.

Trading Platform Available

The platform available for trading at NeoTrade is one of the most notable and preferred trading platforms the market offers - MetaTrader4. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Trading Platform Available

Deposit & Withdrawal

NeoTrade says to work with numerous means of deposit and withdrawal choices, consisting of VISA, MasterCard, Piastirx and wire transfer.

The minimum initial deposit requirement is said to be $250.

Funds deposited via bank/wire transfer will take up to 5 business days to appear in the clients account. Withdrawal requests may take even longer to get processed – from 4 to 7 business days.

Bonuses & Fees

NeoTrade claims to offer some bonuses, which differ depending on the account type. For example, the bonus is up to 25% on the Starting account, 50% on the Standard account, 75% on the Trader account and 100% on the VIP account. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

Also, the broker charges a dormant fee - accounts that have not been used for 6 months are considered dormant and a fee of 10% is charged each month.

Customer Support

NeoTrades customer support can be reached by telephone: +34 910039618, email: support@neotrade.pro. Company address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica.

Pros & Cons

Pros Cons
• Flexible leverage up to 1:100 • No regulation
• Variable spreads from 0.1 pips • Website inaccessible
• MT4 supported • High minimum initial deposit required

Frequently Asked Questions (FAQs)

Q 1: Is NeoTrade regulated?
A 1: No. It has been verified that NeoTrade currently has no valid regulation.
Q 2: Does NeoTrade offer the industry-standard MT4 & MT5?
A 2: Yes. NeoTrade offers the MT4.
Q 3: What is the minimum deposit for NeoTrade
A 3: The minimum initial deposit to open an account is $250, while $250 on the Starting account, $2,500 on the Standard account, $5,500 on the Trader account and $20,000 on the VIP account.
Q 4: Does NeoTrade charge a fee?
A 4: Yes. Like every forex broker, NeoTrade charges a spread fee. While the information on other fees like commissions, deposit & withdrawal processing fees are missing.
Q 5: Is NeoTrade a good broker for beginners?
A 5: No. NeoTrade is not a good choice for beginners. Although it offers the leading MT4 trading platform, it lacks legitimate regulation and its minimum initial deposit is too high.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

How safe is trading with NeoTrade?

Trading with NeoTrade presents a high-risk profile, as the broker lacks any authoritative regulatory oversight. Operated by Donnybrook Consulting Ltd., its status as an unregulated entity means client funds are not protected by any mainstream financial compensation scheme, which is a significant risk factor that warrants serious caution from prospective traders.

Three days ago
United States

What licenses does NeoTrade hold?

NeoTrade does not possess any verified licenses from major regulatory authorities such as the FCA, ASIC, or CySEC, and operates entirely without recognized regulatory oversight for its forex and CFD trading services.

Three days ago
United States

Where is NeoTrade registered?

The broker NeoTrade is registered in Dominic under the entity name Donnybrook Consulting Ltd. and has been operational for between five and ten years.

Three days ago
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

Three days ago
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Three days ago
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

Three days ago
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Three days ago
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

Three days ago
United States
View More
Write a comment
3
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com