NetoTrade is a Forex broker situated primarily in UK’s capital, London, and since 2010 it has operated within the virtual market space. Continued growth since its inception has given this broker enough leverage to open an office in France and offer customers a range of tradable assets, including 49 currency pairs, Gold & Silver, CFD, Oil, Stocks, Indexes and soft commodities.
To facilitate its growing customer base, NetoTrade’s platform is available in English, Arabic, Portuguese, French and Italian; moreover, a range of payment options, including CashU, credit cards, debit cards and wire transfer, are available.
To further compliment this global focus, NetoTrade allows customers to hold accounts in various currencies, such as AUD, CAD, EUR, GBP, JPY, NZD, CHF and USD. This diversity is great for traders who want to improve their profit margin by avoiding unnecessary currency conversion fees when depositing and withdrawing funds.
NetoTrade.com’s Special FX:
One of the most interesting aspects of this site is its social trading provisions. Designed to create a sense of community and open up the foreign exchange market to everyone, the handy feature allows members of NetoTrade to connect with each other and improve their skills.
The process couldn’t be easier to navigate: the user simply follows the traders they believe are performing well (much in the same way a person would follow someone on Facebook or Twitter) and a live stream will show whenever they make a trade. The user can then decide to review the trade a copy it into their account automatically.
This automatic style of trading is fantastic for amateur traders as it allows them to follow the movements of the professionals without the same amount of risk.
NetoTrade offers four different accounts, three being straight broker accounts and the fourth being an ECN account. For each account the user will gain access to the currency exchange market through MetaTrader 4 and thus have access to in-chart trading, live data streams, customisable orders and mobile trading.
Beyond the capabilities of MetaTrader 4, the user will be able to benefit from the following conditions:
Features Mini Account Gold Account Platinum Account ECN Account
Minimum Deposit: $250 $5,000 $10,000 $5,000
Minimum Deal size: $1,000 $1,000 $25,000 $5000
Spreads from: 3.3 pips 2.2 pips 1.8 pips 0.3 pips
Leverage 1:400 1:400 1:400 1:400
Welcome Bonus 25% 20% 15% 15%
In addition to the above conditions, each NetoTrade member will get access to a person account manager (excluding Mini Account holders); technical analysis reports, live chat support and market update emails.