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Neotrades has a rating of 3.2 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 5th among Brokerage sites.
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I have been trading for a long time and I was starting to get bored of trading on financial markets. Then one of my friends recommended me to try out PAMM accounts.
Honestly, I have not heard about this before but my friend explained everything to me and I thought it is a good idea to wake up my willingness to trade because now I'm responsible for investors' money and want to show them what I have got. By the way, it is a good opportunity to make some additional money besides trading. I mean, as long as I'm profitable I'm getting a part of profit from my investors. :)
I will not say that the broker is very accessible. The minimum deposit is above many traders can pay, but the services are worth it. It kinda gives the feeling that I am buying into a premium service, but I am not really paying. And I guess the traders here are also more serious with trading since it is a significant minimum deposit.
The MetaTrader 5 is actually a decent trading engine. I thought of it as an old-timer and for reasons unknown I have always avoided trading on this app.
What made me give it a chance is actually the fact that I wanted to start trading with neotrades and the MT5 is the only trading terminal they offer. A friend of mine with whom we are exploring the markets together and sharing our experiences has recommended this broker. It provides great market insights and trading ideas, and you, as a client of theirs, have a dedicated account representative.
All these are features the pro traders are getting with significant trading account sizes, while at Neotrades you will get access to them with only a $1000 initial deposit requirement for the Standard account.
What I wanted to say is that the onboarding process went smoothly. MT5 is quite a simple trading platform to get comfortable with, even if you have not traded on it.
Neotrades offers different financial services for traders. They also allow you to trade IPO stocks and mark my words, when I create a huge company, you will also buy my stock during the IPO event. Hah.😂
By the way, I'm a big fan of the stock market and luckily the company also provides a wide range of stocks of top companies around the world. The trading platform is convenient and it has plenty of useful technical tools for successful trading. I want to mention their support, whenever I contact them, they always respond quickly and explain how everything works.
When I firstly entered the Neotrades platform, I was like " :O" after seeing how much money I had to deposit in order to get Standard account.
Well, I am not greedy at all, so I deposited $1k and started to do wonders. Hahaha, just kidding, I started from the demo account and only after I created a kind of strategy I started to work on a real acc and do my best to multiply profits.
This platform seems to be targeted at experienced traders, and its concept is built around that. Maybe I am wrong about the second, but I am pretty sure about the first part 😀
The range of instruments is vast. The app they choose to offer is MT5, and a PAMM account option is available, along with other features that pro traders would like to see from a broker.
Neotrades offers competitive trading conditions and I can prove this.
Look, you have a minimum deposit threshold which equates just to $1k. With this sum, you can easily adjust positions size and set up good risk-reward ratio. If we appeal to the system when ou can risk nor more than 5% from the overall depo, then you can open positions with $50 + applied leverage. This will be enough to earn money in the long run. But don't forget about proper analysis, I spend 70% of time on analysis and only 30% on making deals, adjusting indicators, drawing lines and whatnot.
I am fully satisfied with the trading conditions they give to me. I initially thought that minimum deposit was too high, like, you know, not everyone can afford to allocate $1k, nevertheless, I understood that it's only for the better!😇
As I see, many traders stick to the same opinion, it's easier to distribute and manage you funds in that case.
Other than that, it's awesome there is an account representative who you can reach out to and clarify all the issues. Only 2 times a week, but... it's more than enough to resolve issues.
All in all everything works correctly.
I appreciate when the broker I trade with provides me with solid market insights or trading ideas. Neotrades does both.
However, what I like the most is their market analyses. Unlike most of the brokers, where the market analyses are focused mostly on major forex pairs, on gold and maybe on a few indices, on this platform I read analyses for a wider range of markets, including for companies and their stocks.
Also, I would like to mention that they have made the best decision to choose MT5 as their primary trading software.
When it comes to trading, I know that I have paid my dues... I have paid in FULL. I have blown accounts, spent so much time studying, used telegram signal providers... I have doe most things, and now I think I know what works for me here. The broker has been nothing short of excellent in playing its part. There are no issues trading here.
I have been in a lot of different telegram groups and to be honest many of the signals were useless and it never worked out. Since that moment I stopped using trading signals from telegram.
However, it turned out that the company also provides trade ideas and their signals really work most of the time. I always steal their ideas and of course make my own analysis also.
The speed of the platform is something I really enjoy and it makes trading very easy going. Also;
- The trading and analytical tools are also effective and easy to operate.
- Trading on this platform is give me access to copy trading, which allows me to make more money passively but carfully. You cannot trust all the traders.
Obviously, this broker is a solid company. At least this is shown by impressive minimum deposit. I needed not a small amount to open account. So, you need to be prepared for this
I am satisfied with those services Neotrades broker supplies.
There is a MetaTrader 5 trading engine which seems to be one of the most optimized and developed nowadays. It outperforms MT4, its predecessor, and this is cool. I experience no delays in execution, as well as it's possible to algo trade using EAs.
The range of market is very broad, I don't feel any shortage of assets and it's awesome they provide you with trade ideas which always come in handy and help in the analysis.
Thank you guys, as they say, keep up the good work, you apparently have a real potential.🤗
Not the most expensive broker I have seen, but it quite up there when minimum deposit is considered. However, it is justifiable... because the broker offers a very refined trading environment. All their services, tools and features work very efficiently, allowing me to trade the way I want.
I have quite positive impressions about this trading platform. All in all it allows you to reveal your potential as a trader, you know.
I am a scalper, I chose Standard account and I really like spreads. You have to know how we, scalpers, are sensitive to spreads, because we execute millions of deals within one minute. Just a joke, but you know what I am driving at.
So, whether these are currency pairs, shares - whatever. Spreads are tight if you know when to trade, cuz sometimes they may widen, especially when it comes to news release, for example.
I don't know who created the Trading ideas of the broker and who is responsible for the analytics, but I salute to him!
I made so many profitable deals using this feature. Of course some of them were with small profits, actually the majority were with small profits, but still, it works!
I wish they would expand it to more assets.
It was the first time I've used PAMM accounts for investments. I mean I know how to trade but I don't have enough time to devote to trading, so I decided to invest my money in PAMM accounts of professional traders. I made up my own investment portfolio and invested in a few accounts of traders and it is kind of diversification for the portfolio to invest in different strategies.
I already had trading experience before I opned account with this company. I came here for more favorable trading conditions.
I deposited my account here by $1200 and started trading.
Apparently my mood was too good and I didn't notice how I opened several orders with 0.50 lot instead of 0.05 lot 😬
This almost led to unfortunate consequences.
But I noticed it in time...
I wrote this because I noticed that there were no problems when opening such a large lot. Order was executed smoothly as if it was only 0.01 lot.
This indicates a high quality of execution.
The variety of financial services in Neotrades company is really beyond my imagination. I can trade any assets and some of them were for the first time in my trading path, these are Bonds and ETFs.
Trading platform is multifunctional but it was hard to adapt to it at first. Anyway it was worth it spending a lot of time learning how to use their trading platform.
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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