NetoTrade is a quickly growing force in the forex field that is setting new standards in customer satisfaction, reliability and returns on investment. Founded in 2012 by a team of experienced financial experts and hi-tech professionals, the company has set itself apart by quickly adopting every technical innovation that arrives on the scene, with the aim of providing its clients with every possible tool to invest wisely and profit successfully from the multi-trillion dollar-a-day forex market. Support staff members are multi-lingual, and the online chat immediately places you on line with a live attendant.
At over 140 assets, NetoTrade offers a wide range of currency pairs, indices, commodities and shares – options and CFDs – at extremely low spreads (0.3 pips and up) and with up to 400:1 leverage.
Their trading academy is comprehensive – everything from introductions on pips and lots to elucidative explanations on trends, risk control, technical analysis and more; support staff are patient and helpful; and the free $50,000 demo account opens all trading platforms with real-time data that enables, not only beginners to practice, but veterans to test their strategies and self-written adviser codes.
NetoTrade Account Types Overview
NetoTrade Trading Platform
NetoTrade was one of the first brokerages to offer its clients a mobile trading platform – an MT4-based application downloadable for either iOS or Android phones and tablets. Alongside its free SMS signals and daily news reports, it enables investors to trade from any place and at any time.
It also swiftly adopted the new Traders Compass, an alert system that operates as an MT4 add-on, monitoring the market and the investor’s open positions, then sending out alerts regarding investment opportunities and advice on optimizing open positions – all in real time.
Aside from these, NetoTrade accounts can be accessed using the industry standard MetaTrader 4 in its latest configuration, and the Sirix-based web-trader, optimized by the company’s engineers in accordance with the feedback of NetoTrade’s clients.
Accounts & bonuses for new traders
Four live accounts provide investors with tailor-fitted trading according to their expertise and personal requirements:
The Mini account requires a minimum deposit of $500 and provides all the tools required to open a basic position. The minimum deal size is $1,000, and a 20% welcome bonus is provided.
The Gold account requires a minimum deposit of $5,000 and offers daily market reports and free SMS signals. Spreads here are more competitive, and personal coaching and trading assistance are also available.
The Platinum account minimum deposit is $10,000. Here, spreads are the tightest available, and leverage is flexible. Both Gold and Platinum account members get a 15% welcome bonus.
Finally, NetoTrade’s ECN account offers spreads as low as 0.3 pips and instantaneous execution. ECN investors get direct access to the largest liquidity pools and trade under the same conditions governing international banks and major financial institutions. The welcome bonus here is 10% of your first deposit.
NetoTrade General Information
Founded in: 2012
Headquarters: London (with regulatory offices in Cyprus)
Regulation: CySEC regulated
Languages available: English, Italian, Arabic, Turkish, Russian, Spanish, Portuguese, German, French
Support contact: Web-form, online chat, email, telephone, fax
Minimum Deposit: $250
Minimum Position: 0.01 L
Payment Options: Credit card (Visa, Mastercard, American Express), debit card (Electron, Kiwi, Vpay), on-line payment service (CashU) & wire transfer – USD & EUR
NetoTrade Review: Conclusion
For beginners and veterans, NetoTrade provides a no-nonsense environment, uncluttered by gratuitous and impossible promises that targets investors who simply want to trade. Its learning academy targets both groups, with free eBooks and a rich hoard of informative and easily comprehensible articles and videos on the entire range of forex topics; and the support staff includes experienced traders, economists and technical personnel – all waiting to attend to any query with commendable patience and helpful solutions.
Their trading conditions are far beyond fair, and the only reservation is their limiting of deposits and withdrawals to US Dollars and Euros. All-in-all, if you’re thinking of forex, without doubt – think NetoTrade; and if you’re already trading somewhere else – move!
Trade Forex & CFD using state-of-the-art trading platforms. Enjoy professional support account management, as well as comprehensive learning tools.