NetoTrade Review

Overview

Based in London, UK, Netotrade is an online Forex broker that has been around since 2010. They offer trades in a whopping 49 different currency pairs, as well as trades… more

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Details

Broker NetoTrade
Website URL www.netotrade.com
Founded 2010
Headquarters London, United Kingdom
Support Types Live Chat , Telephone , Email
Languages English , Arabic , French , Italian , Portugese
Trading Platform MT4, Netotrade Web, Netotrade Mobile
Minimum 1st Deposit $100
Minimum Account Size $100
Minimum Trade Amount 1000
Leverage 400:1
Spread 1.8 Pips
Free Demo Account Open Demo
Regulated Yes
Deposit Methods VISA , Mastercard , Wire transfer , Liberty Reserve , CashU
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 80/100

Full Review

Based in London, UK, Netotrade is an online Forex broker that has been around since 2010. They offer trades in a whopping 49 different currency pairs, as well as trades in uncommon markets such as Wheat or the Yen, which is always good, especially for brokers that are looking for a bit of diversity.

Netotrade is suitable for both professional brokers as well as beginners, which is proven by their range of trading accounts. The Mini account is perfect for new traders wanting to get in an learn the market and start trading forex currencies. The Mini account will be set up for customers depositing between $100-4.999 and offers spreads as low a 3.3 pips and a maximum leverage of 400:1 which is definitely a competitive offer compared to many of the other brokers on the market today. The next step up is the Gold account, for deposits between $5.000-10.000, which is for brokers that are a bit more serious and are looking for even more benefits. The gold account offers lower spreads, 2.2 pips as well as a 20% bonus on your first deposit. For the very advanced traders there is the Platinum account which offers the greatest set of benefits of all the accounts. This account is credited to traders who deposits more than $10.000, and offers spreads lower than anywhere else on the market, starting a 1.8 pips. With a 400:1 maximum leverage and a 15% deposit bonus this is a great oppurtuntiy for proffesional traders to get started on NetoTrade.

Another feature that will please experienced brokers is that NetoTrade offers trading on the popular trading platform MetaTrader 4, which is a very powerful and informative tool that has become the market standard for the largest online currency brokers in the business. In addition, NetoTrade also offers their own NetoTrade Web, which is a trading platform that is web based and can be used on other computers than your own personal one. Although less advanced than the MT4 it is a great feature to have, as you don’t always have the option to download software on other computers than your own. To complete the package, Netotrade has also developed their own mobile platform, the NetoTrade Mobile, which of course let’s clients keep updated on the currency market from anywhere in the world, via their mobile device.

One of the main positive features we noticed is that Netotrade has made an effort to make life for new traders as easy as possible. The educational sections of the weebsite are excellent, and traders can browse through several different trading guides and basically learn everything there is to know in order to understand forex trading. These guides are so detailed and informative it should also be helpful for more experienced traders.

As we all know, currency trading can seem very complicated in the beginning, and new traders will therefor be pleased to see that NetoTrade offers a customer support section that without doubt lives up to the highest standard in the business. You can reach the support centre via Phone, live chat as well as email, and also expect a quick reply. There is also an extensive F.A.Q helpful for everyday enquiries that can be solved easily. All in all, we think that Netotrade is a good alternative for a trader, much thanks to their large range of currency pairs, bonuses as well as education.

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