Neto Trade UK LTD is a London based broker that offers access to several different markets for retail traders. Neto Trade offers 49 Forex pairs, as well as commodities and indices via the CFD market.
The website has a plethora of educational sections and is geared for the beginner, and the experienced trader alike. With the ability to trade markets as diverse as the Japanese Yen, Wheat, and the CAC 40, there is almost always going to be a trading opportunity for the trader during all market sessions, and the range of markets available will certainly allow for the more experienced trader to take advantages of the extreme correlations that we currently see in the world’s markets.
Neto Trade offers several types of accounts, starting with the common demo account. This allows the trader to try out the markets and new strategies. This also allows the trader to look at the various markets that this broker offers, as many of the markets will probably be new to even the most experienced trader.
The smallest account available is the Mini Account, and it can be opened with as little as $100. This account has spreads as low as 3.3 pips in the Forex markets, and allows trades to be sized as little as 1000 units. The leverage is a generous 400 to 1, and the full variety of markets that the broker offers is available to this account as well.
The next account size is the Gold Account which is available with only a $5,000 deposit. This account allows for spreads as low as 2.2 pips in the Forex markets, a minimum size of 5000 units per trade, and offers the same 400 to 1 leverage. The full range of markets is available for trading in a Gold Account, and the broker also offers a 20% welcome bonus on deposits. This type of account also offers daily market reports and personal coaching assistance as well.
Neto Trade’s Platinum Account is available to those traders that deposit $10,000 or more. The spreads are as low as 1.8 in the Forex markets, and as with all other accounts you can trade the full range of offerings that the brokerage offers. The minimum trade size is 10,000 units, and also offers a 15% welcome bonus on the opening. The account also comes with a VIP account manager, VIP trading signals, and many other offers.
Neto Trade also offers an ECN Account, which is available to those that deposit $5,000 or more. The ECN offers true interbank spreads, and as a result can offer amazingly low spreads that are available between banks. The welcome bonus for this account is 15%, and the leverage is 400 to 1 as well. Most amazingly, the spreads can be as low as 0.3 pips. In this account, you are not trading with the fixed spreads that you get in other markets, rather the floating rate that the interbank market offers.
Platform and features
Neto Trade offers the industry standard MetaTrader 4 platform that many of you will certainly be familiar with. The platform offers various order types, and a seemingly endless amount of add-ons are available on the Internet, some of which are free, and some of which aren’t. Automatic trading is one of the biggest features of this platform, and it is without a doubt one of the most flexible and reliable platforms available in the Forex markets.
Neto Trade Web allows for the trader to access their account from anywhere online. This requires no download, and offers the same trading environments that all other platforms do. This is a great alternative for those who travel, wish to trade from places that they cannot download to, or even from public computers.
Neto Trade also offers a mobile platform for smart phones that shows rates and allows basic ordering and monitoring of positions. This is especially handy for those that may have longer-term positions on that they wish to keep track of.
Neto Trade is a good all-around broker that offers many markets. This is its biggest advantage as it allows for various skill levels to take advantage of their offerings. In a global market, the ability to trade the FTSE, Corn, or even the USD/CHF pair has its advantages, and those that know the correlations will certainly be served well by this broker.
Also, another one of the biggest strengths is that the wide range of markets and account sizes means that the broker is one that few will be able to “outgrow” as they progress in their trading career. Because of this, one could literally start out here, and stay for quite some time.
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