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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

4.4
/ 5

Neomarkets review

By azeshan
Updated on Nov 6, 2024
|
13 mins read

Overview

NeoMarkets is a financial institution that offers Forex and CFD investment services to clients across the world. Established in 2022, NeoMarkets has its headquarters located in the Republic...
See full overview for Neomarkets
Countries
+224
Devices
Minimum deposit
20 USD
Max insured
No
Our Verdict
4.4
/ 5
Commissions & Fees
4
/ 5
Deposit & Withdrawal
4.3
/ 5
Customer Support
4.5
/ 5
Account Opening
4.9
/ 5
Regulation & Safety
4.2
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.

  • NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.

  • NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.

  • The broker provides the option for traders to employ higher leverage, potentially amplifying their trading opportunities.

  • NeoMarkets offers diverse tradable instruments, allowing clients to explore different markets and diversify their portfolios.

  • NeoMarkets supports hedging, a trading strategy that can be useful for risk management and portfolio diversification.

Cons

  • NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.

  • To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.

  • NeoMarkets’ website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.

  • The broker imposes an inactivity fee on dormant accounts, which may discourage long-term or occasional traders.

  • NeoMarkets falls short in providing an extensive range of educational resources, which could pose a challenge for new traders seeking learning materials and support.

General details

Type of accounts
ECN accounts
Unlimited Demo Accounts
Standard Accounts
VIP accounts
Trading platforms
Execution Model
ECN
MM
Deposit currency
USD
EUR
AED
INR
RUB
SAR
Regulatory complience
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Arabic
Hindi
Persian
Persian
Autotrading
MQL.5 Signals
Contact details
[email protected] +44 2392 16 0887

Customer reviews

Read real reviews from traders all over the world:

S
Sergio G
16 January 2024
Advantages: Execution of transactions; low spreads and no trading commission
Disadvantages: Low leverage in metals and oil
For me an important factor was the possibility of replenishing crypto. There is also a really stable spread. I used the bonus program but so far the bonus itself has not been traded, although it is already good to use it in trading. I'm waiting for the swap-free accounts to be connected.
See all 1 customers reviews

Accounts

Type of Trading Accounts on NeoMarkets

NeoMarkets offers its clients the freedom to choose from a range of account types, allowing them to tailor their trading experience according to their preferences and expertise level. The broker mentions the availability of several account types, including Netting, Hedge, ECN, and DEMO. However, one notable limitation is that the broker’s website lacks detailed information about each account type.

Potential clients may find themselves needing to open an account with NeoMarkets before gaining access to these crucial account details. In contrast, many other brokers in the industry provide comprehensive account type details upfront, making it easier for traders to compare their options and select the account type that aligns best with their trading objectives.

ECN - Neomarkets
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 5 MetaTrader 5 Mobile
Deposit currency
USD
EUR
RUB
INR
AED
Trading instruments
Forex
1:500
Number of currency pairs: 50
EUR
AED
AUD
BHD
CAD
CHF
CZK
DKK
EGP
GBP
HKD
HRK
HUF
ILS
INR
IQD
ISK
JOD
JPY
KWD
LBP
MXN
NOK
NZD
OMR
PLN
QAR
RON
RUB
SAR
SEK
SGD
THB
TRY
UAH
USD
ZAR
BGN
BRL
CLP
CNY
IDR
IRR
KRW
MAD
MYR
PHP
SYP
TND
YER
1:500
1:500
1:500
Execution type
market
Spread type
Floating
Decimal places
4
Commission
Spread, overnight swap
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Hedge - Neomarkets
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 5 MetaTrader 5 Mobile
Deposit currency
USD
EUR
RUB
INR
AED
Trading instruments
Forex
1:500
Number of currency pairs: 50
EUR
AED
AUD
BHD
CAD
CHF
CZK
DKK
EGP
HKD
GBP
HRK
HUF
ILS
INR
IQD
ISK
JOD
JPY
KWD
LBP
MXN
NOK
NZD
OMR
PLN
QAR
RON
RUB
SAR
SEK
SGD
THB
TRY
UAH
USD
ZAR
BRL
CLP
CNY
DZD
IDR
IRR
KRW
MAD
PHP
SYP
TND
TWD
YER
1:500
1:500
1:500
Execution type
market
Spread type
Floating
Decimal places
4
Commission
Spread, overnight swap
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Netting - Neomarkets
Swap-free account
Availability of a VIP account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 5 MetaTrader 5 Mobile
Deposit currency
USD
EUR
RUB
INR
AED
Trading instruments
Forex
1:500
Number of currency pairs: 54
ARS
DKK
AUD
BGN
CAD
CHF
CLP
CZK
EUR
AED
BHD
EGP
GBP
HKD
HRK
HUF
ILS
INR
IQD
ISK
JOD
JPY
KWD
LBP
MXN
NOK
NZD
OMR
PLN
QAR
RON
RUB
SAR
SEK
SGD
THB
TRY
UAH
USD
ZAR
BRL
CNY
DZD
IDR
IRR
KRW
LYD
MAD
MYR
PHP
SYP
TND
TWD
YER
1:500
1:500
1:500
Cryptocurrencies
Minimum position size
0.01 units
Maximum position size
1000000 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100%
Commission
Spread, overnight swap
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Demo - Neomarkets
Swap-free account
Availability of a VIP account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trading Platforms
METATRADER 5 Meta Trader 4 Mobile
Deposit currency
USD
EUR
RUB
INR
SAR
Trading instruments
Forex
1:500
Number of currency pairs: 31
ARS
DKK
AUD
BGN
CAD
CHF
CZK
EUR
GBP
HKD
HUF
ILS
JPY
MXN
NOK
NZD
PLN
RUB
SEK
SGD
THB
TRY
USD
ZAR
RON
CLP
OMR
QAR
SAR
HRK
ISK
1:500
1:500
1:500
Cryptocurrencies
Minimum position size
0.01 units
Maximum position size
1000000 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100%
Commission
Spread, overnight swap
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents

Tradable instruments

Tradable instruments on Neomarkets trading platforms include:

Currencies
N/A
Commodities
N/A
Indices
N/A
ETF
N/A
Cryptocurrencies
N/A
Stocks
N/A
Commodities
N/A

Frequently asked questions

Find the right answer to your question below.

Is NeoMarkets Forex a Scam?

NeoMarkets is a relatively new player in the forex brokerage industry, having been established in 2022 in the Republic of Mauritius. As of now, NeoMarkets operates under the regulatory oversight of the Financial Services Commission (FSC) of the Republic of Mauritius, holding an investment dealer license with the number GB22200517. As for online reviews, NeoMarkets, a relatively new broker, has limited online feedback. On Trustpilot, there is only one review at the time of writing, which gives the broker an average rating with a TrustScore of 3.7 out of 5 stars. Given NeoMarkets’ limited online presence and reviews, potential clients may want to exercise caution and conduct thorough due diligence before opening an account.

How do I open a NeoMarkets trading account?

For clients interested in opening a trading account with NeoMarkets, follow these straightforward steps to get started:

  • Start by visiting the NeoMarkets Sign-In page on their website.
  • Look for the “Registration” button, usually located in the top-right corner of the homepage, and click on it.
  • Fill in your details, including your name, email address, phone number, and any other required information.
  • Make sure to check the privacy policy box to indicate your agreement with NeoMarkets’ privacy policies.
  • After entering your information and accepting the privacy policy, click the “Sign Up” button to complete the initial stage of the registration process.
  • NeoMarkets will send a verification link to the email address you provided during registration. Access your email and click on the link to verify your email address.
  • Log in to your newly created account. You will need to upload certain documents to verify your identity and residence. This typically involves providing a utility bill, ID, or similar documents as part of the legal verification process.
  • Once your documents are verified, your account will be activated, granting you access to your personal account area.
  • Take the time to familiarize yourself with the risks and benefits associated with trading. It’s important to clearly understand what you’re getting into.
  • If you’re satisfied with the information and ready to start trading, you can proceed with funding your trading account.

Neomarkets compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
  • 4.4
    / 5
  • 4.3
    / 5
  • 20 USD
  • 1:500
  • 4
    / 5
  • N/A
  • N/A
  • 4.2
    / 5
  • FIU
  • No
  • See review
Alfa-Forex
  • Free VPS hosting
  • Specialized trading accounts
  • 4.6
    / 5
  • 4.3
    / 5
  • N/A
  • N/A
  • 4.9
    / 5
  • N/A
  • N/A
  • 4.9
    / 5
  • CBR
  • Yes
  • See review
Alpari
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • 4.5
    / 5
  • 4.5
    / 5
  • $5
  • 1:1000
  • 4.5
    / 5
  • $0
  • $0
  • 4.5
    / 5
  • No
  • No
  • See review
FxPro
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
  • 4.8
    / 5
  • 4.9
    / 5
  • $100
  • 1:10000
  • 4.7
    / 5
  • $0
  • $0
  • 4.8
    / 5
  • FCA
  • Yes
  • See review
ACY.com
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • 4
    / 5
  • 3.7
    / 5
  • 50$
  • 1:500
  • 4.5
    / 5
  • $0
  • $0
  • 4.2
    / 5
  • ASIC
  • Yes
  • See review
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