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Neotrades has a rating of 3.3 stars from 162 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Neotrades most frequently mention copy trading, minimum deposit and pamm account. Neotrades ranks 4th among Brokerage sites.
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Despite broker has favorable conditions and great set of tools, I don't like it
It seems to me that man tends to get used and adapt to any conditions.
I think so because when I had account with another company I had small selection of assets to trade. And I was pretty comfortable.
But now when I opened account with this company and got access to such large number of various financial instruments, I realized that I had limited opportunities.
Now I can trade anything I want. Even IPO trading is available to me with this broker.
This is significant advantage that I appreciate.
I read a review that this broker has exceptional trading terms for trading shares, and that made me explore more and eventually register an account with Neotrades.
And I'm glad I made that decision because this platform provides an excellent trading environment with an incredibly wide range, allowing users to trade fractions of a share.
While there is a slight drawback in solely relying on MT5, the benefits of their platform outweigh this. The Copy Trading feature is a standout addition, as well as the wide range of tradable assets available - both are great features. Furthermore, the platform's advanced tools, coupled with quick execution and low spreads, have significantly improved my trading experience.
I am not really impressed by my experience of trading with this broker. I wish it added more options for trading in terms of platforms and minimum deposit size is too big, too.
After making up my mind to pay the minimum deposit on the platform, I have so many good things to say about neotrades. First of all, the service is great. Traders have some of the best trading conditions available, and then there is also copy trading on the platform. If you want to earn as the pros earn, then you can find a trader to follow.
In my opinion, there's no need to make things more complicated if they work fine when they're simple.
I hope you understand my point. I am talking about this broker. It has easy to manage platform which makes it efficient. I like that to open order or make any other action i don't have to set something up for a long time or make any algorithms. Everything is simple. I open and close orders based on analysis and get profit.
That's what I like about this broker.
The trading experience is great. Right from the website of the broker, there is a very neat and urban design, a minimalistic, or Scandinavian touch to it. But the broker does not lack tools, features or quality. Everything is done right on the platform really.
It's not so bad. It can be named as a solid broker for those who love variety in trading. With a $50 minimum deposit, it offers access to over hundreds of instruments, and up to 1:400 leverage in some of those instruments. The platform is easy to navigate, great for both beginners and pros i'd say, aand They also offer social trading and PAMM accounts. Fairly good
I immediately realized that this broker is reliable!
Neotrades has taught me what a good broker should look like... on its example:)
The platform has positive traits even though it's not deprived of cons. Endorse them for development.
I think that choice of basic account currencies is a great advantage. There is no need to convert currencies. And I can use the same currency as in my bank account.
I joined last September with hope of making the last quarter trading profit to enable me to begin the new year on a new note, but reverse was the case. They took all my money and began asking for ridiculous tax payment before i can withdraw on my account. I refused and after few days my account was blocked. I suspected fraud and reported the situation to Affinity Intell, they looked into it, tracked the payments and was able to recover 90% of my money back.
Copy trading investing is right up my street to be honest. Doing nothing and making money.
What more can I ask? :D
Overall it's reliable and credible entity.
But what I don;t really like is the restrictive minimum deposit. So that only the rich traders can use the broker. Although I would definitely recommend to everyone to try and trade with Neotrades.
It offers an unusual package of trading tools and instruments. The ones that you won;t find at the 90% of other forex comanies.
So if you have a spare $1000, then go for it.
They have made the right decision by offering only the MT5 as an option for a trading engine. The concept of Neotrades, to provide an advanced trading experience is possible only with this powerful and highly customisable trading app.
Using MT5 along with Neotrades is incredibly smooth and seamless.
I have a new additional source of income.
With this broker I have been trading for a long time, but I didn't pay attention to the copy trading service. I thought it was something not for me.
But a couple of days ago I read one recommendation from experienced trader. He wrote that even in spite of his great experience he directs part of his money to copy trading.
Thanks to his experience he can choose the most promising trader and copy his trades.
This way he gets additional income. And this way I will get income too. It's a great opportunity!
The platform is quite simple to operate. You enter the size of your trading account and the system automatically calculates the ratios.
It took a week for me to realize whether this is a good platform or not.
The balance eventually tipped toward the "good" side.
The company has a regulation, it has solid number of markets for trading, plus it somehow contributes to the education of traders via market analysis and trading ideas.
But, it's anyway better to dilate this "research & education" section...
Not truly impressed.
I tested it and yeah, it's MetaTrader 5, yeah, it's a diversity of assets and yeah, it's the possibility to copy trade.
But what about education? Do smth.
Answer: One of the advantages of a PAMM account here is actually no limitations on the withdrawal. What's even more is that you can take out, transfer or add money basically whenever you want.
Answer: I can say that trading can be difficult for beginners in principle. There are so many dangers that beginners don't know about yet. But after overcoming all challenges, beginner gets experience that allows him to make excellent profits from trading. So one of the dangers that I wrote about is the ratio of margin size, lot size and risks. Neotrades helps to overcome such a danger. Minimum deposit of this broker makes trading safe. Also for beginners, Neotrades has free analytics.
Answer: Well, thats easy. The live chat is simply the easiest way to get in touch. It is fast and very convenient as well.
Answer: Has some strong and some weaker points compared to other brokers. But overall, my impression has been pleasant, they provide a fairly good service!
Answer: X400? Why it shouldn't be enough? I would even say it's more than enough, just make quick calculations. Some brokers offer x1000 or even x2000, but do u guys really need that leverage? It means margin call and stop out within milliseconds, you dig that? So, for profitable trading it's even more than enough as I said. Deposit more money and don't abuse leverage much, it's not wise, man.
Answer: Sure, it does align with my strategy because it's about safe approach. I mean I don't rush when it's not necessary, for instance, when I see that the price is about to break th level out, I would better check everything twice because... pullback is also possible. This is the reason why I don't abuse leverage much and x400 is more than enough for me to comply with both my strategy and risk management. In general, it's cool that Neotrades provides such a leverage. There are those who love risks.
Answer: You mean what? Their platform or app for mobile trading? Anyway I tried both trading on the desktop and using my smartphone, everything was fine. It's famous metatrader 5 and it's optimized to the degree that you experience no difficulties whatsoever. Idk how, but they managed to integrate all the instruments from desktop version to mobile, so analysis is as simple as if you trae using your laptop. So, yeah, I kinda get along with this platform.
Answer: Well, it is easy, but it is not exactly easy. Lol... ummm, you basically have to study the results of the traders you want to copy. Not just their results, but their trading styles, risk, trading frequency... quite a bit. Once you find someone you think is going to be the best fit, then you can allocate funds and copy. It's easy, but not exactly easy.
Answer: There are no significant difference among the accounts offered by the broker. I would say, for positional trading you can opt for any of them and you have to appeal to your personal financial capabilities, because sum of minimum deposit varies. It's cool that on Advanced and Expert accounts you have a chance to meet with the account representative and maybe you can get certain insights from him. In other cases, leverage is the same, platform is the same, number of assets is the same too...
Answer: If you want to invest in accounts of professional traders then you should meet all the requirements, for instance, they can set their own rules of trading strategies, paying out or the threshold of minimum deposit. I mean, everyone has different requirements.
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