NetoTrade Review

NetoTrade

Info

Name : NetoTrade
Website : netotrade.com
Established : 2013
Country : United Kingdom
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Choice of Trading Accounts
  • Demo Account

Disadvantages

  • No Regulation

NetoTrade Review

NetoTrade Review

NetoTrade is a global Forex brokerage and investment company that specializes in global financial markets. NetoTrade is located in London, UK. Traders can choose currencies and CFDs, including stock indices and commodities.

Accounts

NetoTrade offers a generous choice of different trading accounts.

Account Types
Account Types

The minimum deposit needed to open the Mini account is $500. This account is designed for newcomers and beginners who are looking to enter the world of trading at minimal risk. The Mini Account offers a 400:1 leverage and the minimum deal size is $1,000.

The Gold account requires a deposit of at least $5,000. This account is geared towards traders who are familiar with Forex trading and are looking for better deals. It comes with competitive spreads, a personal coach and trading assistance.

$10,000 is the minimum requirement for a Platinum account which is designed for experienced Forex traders. It offers tight spreads and leverage and traders can access the full range of currency pairs and CFDs. A VIP account manager is also available. VIP trading signals are sent out and there are other special VIP offers for Platinum account holders.

The fourth account at NetoTrade is the ECN account geared for professional and experienced traders. The minimum deposit is $5,000, spreads are low and trades are instantly executed. All trading is done under the conditions governing international banks and the ECN/STP model grants direct access to the largest liquidity pools.

NetoTrade is one of the few brokers that allow trading on Bitcoin pairs. Anyone with an ECN account can trade Bitcoins with direct market access reserved for major liquidity providers, a prerequisite for trading on this highly popular but volatile asset.

NetoTrade’s Demo account offers the opportunity of financial trading in a risk-free environment. Traders receive real-time rates while experiencing real-world volatility, and they can even test strategies using all the technical tools available to a seasoned pro.

Features

The NetoTrader website is user friendly and easily navigated. I especially liked the tab that appears on the right of each page which opens to a small toolbar with the most important sections provided by the brokerage. This is a very handy feature for all traders. The website is available in English, Arabic, French, Italian, Portuguese and Russian.

NetoTrader offers traders a list of standard features but one that stands out is their clear explanations of the various assets they offer, an example of which is their lengthy description of CFDs and how they work.

Interest rates or rollovers and how to they are calculated is another topic that is clearly examined. A table of international interest rates is included and is very enlightening.

Even more informative is their extensive discussion of Bitcoins and their position in Forex trading. The section delves into the birth of this crypto currency, its historical value and its relevance in today’s currency markets.

Social trading is an important feature at NetoTrade and its cutting-edge technology allows traders to see and share real-time trading decisions with fellow investors and automatically copy the exact trades of some of the best in the business. Social trading allows traders to discuss strategies, ideas and experiences, so they can develop trading skills and improve their profitability.

Once a trader decides which traders to copy he need only replicate their investments and earn from their expertise. This is an essential educational tool for beginner traders as it enables them to witness real-time strategies of the pros, while profiting from their productivity.

Bonuses/Promotions

NetoTrader offers several promotions.

At the time of this review, there was a special 30% deposit bonus for traders trading in Russian rubles.

With their Refer-a-Friend promo, anyone bringing in a friend who deposits $500 - $2,500 or more to a Mini accounts gets a $250 trading bonus; those bringing in a friend who deposit $2,500 or more to the Platinum account gets a $500 trading bonus.

Education

At the NetoTrade Academy traders are offered a variety of tools, such as free trading signals, technical analysis, daily market reviews and Forex articles. Traders can gain insights into the market with Daily Alerts analysis. They can find out what expert analysts are saying about upcoming market developments by reading their daily market analysis and receive the most recent market updates with daily video reports.

Daily Market Analysis
Daily Market Analysis

Forex Education
Forex Education

Their technical analysis enables traders to boost their chances of profitable trading and their economic calendar is a timed list of events affecting the global economy, especially key macro-economic factors that shape the views and decisions of policymakers, investors, analysts and the public. The calendar can be monthly, weekly, daily or even hourly.

Webinars are mentioned as another offering to account holders but none were available at the time of this review.

Deposits/Withdrawals

Funds can be deposited in any of the NetoTrade accounts via credit cards, wire transfers, QIWI and CashU.

Withdrawals are done using the same methods.

Customer Support

Traders can contact a NetoTrader representative via telephone to England and with email. Chat is also available during trading hours which are 9-5 GMT.

Conclusion

NetoTrade is a fully functioning trading company offering everything a trader needs to trade comfortably. There is no regulation which is unusual in the Forex industry which is sorely lacking. The choice of accounts is attractive and indicate the broker’s eagerness to cater to traders with all levels of trading.

Advantages

  • Choice of Trading Accounts
  • Demo Account

Disadvantages

  • No Regulation
Review info :
Broker reviewed : NetoTrade Rating : 7 out of 10
Reviewed By : Review Date :