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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Comments about broker

Marrio trader
review NetoTrade
23-09-22

I can't open my trade on time. I have opened a trade on ERU/USD at 1.1326, which opened 15 pips lower from my direction and the trade could be closed anytime because the platform has no guarantee. In the previous time, it happened to me while I was set TP and SL. Actually now I don't trust them in any services of them due to cancelling my withdrawal of profit five times. Overall their customer service was also too bad and didn't answer on live chat or mail. So I am trying to return back my investment of $2500 from NetoTrade

Bayyan trader
review NetoTrade
14-12-21

NetoTrade broker has nothing good, they only have poor services. I started to trade with them 4 months ago, and from that moment I'm losing money and never had the chance to gain a profit. The platform they provide does not even have good quality, it has slow order execution and hard to customize. Last time, I lost around $900 because of their platform freeze. I couldn't recover all my losses. It's very disappointing.

Elmo trader
review NetoTrade
11-08-21

I use my bank card as a payment method at NetoTrade. Depositing money to my trading account is easy but for some reason, withdrawing the profits could take more than a week. The broker delays the transaction and I had to wait for a week and a half once just to receive the money.

Kamisu trader
review NetoTrade
04-05-21

I am using NetoTrade for pretty long time and they are really amazing. Their spreads are competitive. They also offer metal and CFDs for trading. Last five months I withdrew 4 times from my fund without any trouble and all withdraw processed within same day. Their customer support always answers quickly to my email or via phone.

JasmineFX trader
review NetoTrade
24-03-21

I have been trading with them for more than three months. But, I don't think they improve their services. Their platform is not working perfectly, the spread is high, and order executions are delays. ECN account also not working properly. The most thing I hate from this broker is that their trading platform and services are not good, but when I got into a problem, customer support really hard to reach, they are so ignorant and won't fix the problem quickly. My advice for traders who want to trade with them, better stay away from this broker.

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