Neomarkets Information
Neomarkets was founded in 2004 and is offshore regulated by the FSC of Mauritius, where it is registered. It offers trading in forex, metals, energies, indices, and stocks with leverage up to 1:500. The broker supports both MT5 and NeoTrade platforms. However, it does not allow third-party transfers, and the minimum deposit requirement is just $20.
Pros and Cons
Is Neomarkets Legit?
Neomarkets is offshore regulated by the Financial Services Commission (FSC) of Mauritius with a Retail Forex License, license number GB22200517.
What Can I Trade on Neomarkets?
Neomarkets offers five types of trading products, including forex, metals, energies, indices, and stocks.
Account Type & Leverage & Fees
Neomarkets offers five account types: Classic Accounts, MT5 Hedge, MT5 Cent Account, MT5 SwapFree Hedge (Islamic Account), and NeoTrade PRO.
Trading Platform
Neomarkets offers two trading platforms: MT5 and NeoTrade.
Deposit and Withdrawal
Neomarkets require a minimum deposit of $20. Payment methods include bank card payments in EUR, INR, KZT, PKR, and USD, which are processed instantly without commission; and bank wire transfers in USD and EUR, which can take up to 5 business days and may incur senders bank fees.
Generally, deposits and withdrawals have no commissions unless the total withdrawal amount in a calendar month equals or exceeds $50,000, in which case a 1% fee is charged on the withdrawal amount regardless of the method. Neomarkets does not support transfers from or to third parties, and withdrawals can only be made to the original funding source.
Mauritius
