Score
Neomarkets
Mauritius|1-2 years| https://marketsneo.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+7 (727) 350-61-58
Other ways of contact
Broker Information
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Neomarkets Group Ltd
Neomarkets
Mauritius
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
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Neomarkets · Company Summary
| NeomarketsReview Summary | |
| Founded | 2023 |
| Registered Country/Region | Mauritius |
| Regulation | No regulation |
| Market Instruments | ForexCommoditiesIndicesShares |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | 0.00009 pips |
| Trading Platform | MT5, Neo Trade |
| Min Deposit | $20 |
| Customer Support | Phone: +2306503301 |
| Email: info@marketsneo.com | |
Neomarkets Information
Neomarkets is a broker incorporated in Mauritius in 2022. It mainly provides trading instruments including Forex, Commodities, Indices and Shares, and supports traders to use MT5 and Neo Trade two platforms. There are also 5 account types for traders to choose from, which also support commissions starting at $0. Currently, it operates in an unregulated state.
Pros and Cons
| Pros | Cons |
| 4000+ trading instruments | No regulation |
| 5 account types | |
| Minimum deposit $20 | |
| Support commission from $0 | |
| Support MT5 |
Is Neomarkets Legit?
Neomarkets, whose website says it was registered in 2022, is currently operating in an unregulated state.
What Can I Trade on Neomarkets?
Neomarkets claims to offer 4000+ trading instruments. It supports trading products such as shares, such as Amazon, Apple and Alibaba; In addition, primary, secondary and exotic forex pairs can be traded; It also provides US, Europe and Asia indices; Commodities include gold and silver, such as Brent crude in the UK and WTI crude in the US.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
There are five kinds of accounts in Neomarkets: MT5 Netting Account, MT5 Hedge Account, MT5 Cent Account, MT5 SwapFree Account, NeoTrade Account.
They all have a minimum deposit requirement of $20, support the MT5 platform, and have a maximum leverage of 1:500 except for the Neo Trade Account, which has a maximum leverage of 1:100.
| Account Types | MT5 Netting | MT5 Hedge | MT5 Cent Account | MT5 SwapFree | NeoTrade |
| Minimum deposit | $20 | $20 | $20 | $20 | $20 |
| Trading Instruments | Currency pairs-40Metals-3Energy-2Stock indices-10 | Currency pairs-40Metals-3Energy-2Stock indices-10 | Currency pairs-40Metals-3Energy-2Stock indices-10 | Currency pairs-40Metals-3Energy-2Stock indices-10 | Currency pairs -41Metals-2Energy-2Stock indices -11Stocks -15652 |
| Leverage | Fixed (up to 500) | Fixed (up to 500) | Fixed (up to 500) | Fixed (up to 500) | Fixed (up to 100) |
| Spreads, pips | From 0.00009 | From 0.00009 | From 0.00009 | From 0.00009 | From 0.00009 |
| Commission | No | No | No | Yes | CFD - No, Stocks - Yes |
| Minimum contract size, lots | 0.01 (step 0.01) | 0.01 (step 0.01) | 0.01 (step 0.01) | 0.01 (step 0.01) | 0.01 (step 0.01) |
| Maximum contract size, lots | From 20 | From 20 | From 20 | From 20 | No |
| Maximum of open and pending transactions | No | No | 100 | No | No |
| Stop out level | 20% | 20% | 20% | 20% | 20% |
| Hedging | No | Yes | Yes | Yes | No |
| Trading platform | MetaTrader 5 | MetaTrader 5 | MetaTrader 5 | MetaTrader 5 | NeoTrade |
| Mobile trading | Apple, Android | Apple, Android | Apple, Android | Apple, Android | Apple, Android |
Neomarkets Fees
Spreads for all five accounts start at 0.00009pips. MT5 Netting Account, MT5 Hedge Account and MT5 Cent Account do not charge commission, while MT5 SwapFree Account and NeoTrade Account charge commission.
In forex pairs, the spread of EUR/USD is 0.00009, and the spread of other forex pairs is maintained between 0.00010 and 0.6000; Metal spreads range from 0.0250 to 1.6; Energy spreads range from 0.090 to 0.1; The spread of the index remained at 1.32 to 27.60.
Trading Platform
Neomarkets offers one trading platform MT5 and the other Neo Trade. Traders can use it on desktop as well as mobile.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile | Skilled traders |
| Neo Trade | ✔ | Desktop, Mobile | All traders |
| MT4 | ❌ |
Deposit and Withdrawal
There are two types of deposits in Neomarkets: Currencies and Bank wire. There are three withdrawal methods: AED; INR, PKR; USD,EUR.
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