2.015 • 47 REVIEWS
Out of business
Updated: Aug 2, 2023
NetoTrade is a forex broker. Neto Trade offers the MT4 and WebTrader forex trading top platform. offers over 40 forex currency pairs, stocks, gold, silver and oil for your personal investment and trading options.
December 16, 2013:The French AMF has issued a warning about unauthorized forex brokers. is on that list. CLICK HERE to verify.

January 20, 2014 SCAM ALERT

There are 3 FPA Traders Court Guilty Verdicts against NetoTrade.  The FPA now considers NetoTrade to be a Scam broker.

The FPA advises AGAINST opening an account with NetoTrade.  If you have an account with NetoTrade (شركة نيتوتريد), the FPA recomments that you try to withdraw all of your funds immediately.


The FPA asks that NetoTrade's employees in Cyprus and Israel stop trying to post reviews while pretending to be customers.

Website is in Arabic.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $500
Established: 2013
Address: Unknown
Contact:, + 44-2080893679
Regional offices:
Prohibited countries: Unknown
Trading platforms: MT4, WebTrader
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (45+)
CFD: (50+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, CASHU
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, CASHU
* Please check broker website for more information
2.015 • 47 REVIEWS

Recent User Reviews of

Singapore, Singapore,
Sep 15, 2020,

Is it a scam call?

Service use: Other
Just received a call from NetoTrade from a rep call Victor. They said they have to closed their trading department and they have to refund my money that I have in my trading account with them but I am not trading with them.

They said I have $22k and they want me to share my computer screen with them to verify my KYC detail. No legitimate broker ever do that. That should prove that they are trying either trying to hack my computer by tempting me with the fund which I never deposited.

I'm writing this just in case anyone from NetoTrade call, please be careful and beware that it might be a scam.
Forex Peace Army
Review moderation team note
Thanks for sharing the warning.  Giving someone else access to your computer can allow them to install malware which gives them access at any time.  This would let the steal passwords and other private data.
UAE, United Arab Emirates,
Jul 7, 2019,

They toke my money and they stopped responding to my calls and emails

Service use: Live Length of use: 0-3 Months
Don’t believe them they cheated me and i lost my money with them don’t trade with them don’t believe them
moon sohar
Oman, Sohar, Oman,
Feb 18, 2019,
Registered user

please help me with this case

Dear all I will till you my story I have received a call from this company Netotrade frist call come from UAE they say will opening an account for me with them and they keep a manager who will help me in my acc and teach me who to sell and buy they till my I should deposit at list 500$ for opening the acc then my account manager say that not enough for as to make brofit so he ask my to deposit money and I do I deposit another 500$ than he told my there is a big chance to win a lot of money because the oil will increase so he ask me to deposit money and there is 100% brofit so I deposit 3200$ than a deposit another 2500$ and when the brofit come almost 32800$ I ask to withdraw some money but they not accept they say I should deposit another amount to transfer the amount to my account or I will lose all my money . I don't know what should I do to make them return at lest my money I am a house wife and I give them all my money can any one help my what should I do please I bagging you
Forex Peace Army
Review moderation team note
To get advice, please open a thread in the Scam Alerts folder.
mohammad hashem
dubai, United Arab Emirates,
Mar 21, 2018,
Registered user

i feel i scamed by them

i had a bad experience w them. it was in 2015 when some lady called me and convince me to trade w them the minimum amount investing was 500$
I had a mentor and i managed to raise this amount to 1000$ then somebody called me and asked me to raise my investment to 2000 or more because there was a news he knows about it and it could make me a fortune
and when i refused to do that, thing got changed and i lost trade after trade . m not sure what they did to my account but any trade i was taking, was loss
eventually i got a margin call and because i didn't trust them any more i didn't add any fund to my account and its blow out
Durban, South Africa,
Nov 13, 2017,

Netotrade is not a scammer

Netotrade is not a scame site. I cannot relate to some of the bad and terrible things which have been stated against Netotrade. As regards to the account I had with Netotrade all was well and even when for a meanwhile I suspended my account I was able to make withdrawal of monies from my account. The only thing I could relate to is the delay of couple of weeks it took Netotrade to finalise my withdrawal request. If they can improve in finalising withdrawal request promptly all other allegation levelled against them could be proved wrong. Absolutely, Netotrade is not a scam.
Forex Peace Army
Review moderation team note
If NetoTrade wants to prove it is not a scam, they should resolve the complaints that led to them being labelled as a scam.
Doha, Qatar,
Jul 19, 2017,

Netotrade SCam

Netotrade called me to several times and I was afraid to participate and then I decided after long time to start with minimum amount 500$ and when I am paying something happened as if they can see me, they took the double of the amount. after a while another guy as trying to convince me to pay 20000$. I suddenly felt something wrong, The second day they called me again and I told him Named DR. Dyaa let start buying stocks, I refused and told him I want my money back since that time he never call me back and there only lady who keeps telling me I forward your quest to admin. That happened three weeks ago, I can long in and see the amount of money but I cannot refund it.
Thank you
ajman, United Arab Emirates,
Feb 25, 2017,
Registered user

plz if someone trading with plz stop trading bcz its looking like fraud

hi this is saqib and i registered an account in netotrade so in one month i got profit 9000 us dollars nd now one week before i submitted one request for withdrawal 4500 dollars and still i did not get in my account . and i tried a lot of times to cantact them but they are not attending any call before they were calling for deposit and now they are not attending my call because i want to withdraw little amount so its means its fraud so if some one can help me in this matter so plzz help
London, United Kingdom,
Sep 7, 2016,

Neto Scammers

Neto Trade (conmen people) rang me last week (cold calling) and tried to scam my bank account for 2500$ without my permission, which sent me massively over drawn.. I never agreed to anything and they even set me up a traders account without my permission again.

Neto Trade then offered me silly amounts of money to go with them part compensation, but you know your will lose all your money and more by reading all these reviews regardless.

FCA have warnings on their website about Neto Trade as scammers, these people from Neto Trade are not regulated and operate totally illegally!!!!!!!!

Neto Trade even set up more withdraws through my bank account and I had to change all my cards details with the bank very quickly.

Luckily, my bank ensured Neto Trade couldn't take my money and I didn't get scammed by Neto Trade, but had lots of sleepless nights worrying over this scam problem.

Best Advise: "If Neto Trade ring you, just hang up the phone", if you don't, Neto Trade will take your money for certain.
Dammam, Saudi Arabia,
Jun 16, 2016,

Netotrade is a scamming broker, on 20 Dec 2015, I received a call from UK, from MR Fahed Abdullah an account advisor, asking me to join the forex then I told him that I have no experience in forex. he reassured me bygetting the help of assigned an account manager called Tareq Elyan titled "VIP account manager,faculty of economics,university of cambridge".I deposited 2500 USD, then in few days the account manager ask for more deposits to get bonus 100% in addition getting VIP account. He was calling me on daily basis getting remote access to my laptop performing positions without stop loss order .due lack of experience I didn't realized the TRAP that he was playing. always promising to correct the - ve balance & near margin call by Asking me to add more & more money & even hedging position
it is uncontrolled open losses with big Lots,margin level 250-350 % & too many positions. on Feb 5, 2016 the account manager ask me for more deposit to buy gold, I refused then he threaten me if no deposit he will perform a trading lead to total loss.
He is not agree to do stop loss order or closing non-profiting positions & I Have to do unlimited deposit of more money to solve the shortage of margin otherwise it will be my fault.
there was too many Fake promises to solve it.
eventually in 2 months time, I lost my money.
total amount deposited 210,500.00 USD with 0 USD withdrawal
& margin call on Feb 26,2016 where I have been confronted with complicated situation.
now it is very clear to me that they push me to deposit more & more money trying to save the losing account.
, Saudi Arabia,
Jan 18, 2016,

This is a Terrible company ,they main goal is the commission,your money is not.

2014-12-02 5 Stars Thank everyone who reply to my problem with Netotrade.

I am pleased to announce that I resolved this issue with NetoTrade Compliance Department with agreement.

I would like to thank especially Mrs. Roberts for her kind assistance and understanding.

2014-11-24 1 Star MY STORY started in the last week of October 2014, when I received a call from a person form Netotarde
for the second time where the first was a female tiring for hours to convince me to open account of 2000$ with them. In the begging, I refused knowing the risk in Forex trading but the second person his name is ZAIN AL AYIN told me that you can trade in stocks if you want and that there is 100% profit in weeks time in Apple stock if I open account Today.
I did that ,then I received a call form a another stating that he is my account manger ,then I told him about the deal with apple stock ,but he told it is too late that time the stock was around 102 $ now the stock is 117$.MY ACCOUNT MANGER NAME IS( TAHA AMIN) with a TITLE CHIEF FINANCIAL ANALYST . Then he try to force me to deposit more money for bounce ,I did deposit 5000$ then he told to deposit more ,I deposit 2000$ .
After that, he started to make deals with big lots which cost me a lost of 3000$,then I stooped trading.Most of that was my mistake because I was new to trading in general which that his job to help me.Then he told me do not worry ,the lost will come with profits but I have to deposit 5000$ more to rise margin ,I send a email asking him to stop making trades with my authorization but he (you are not tell me that , i make the calls not you).
In less than a week , I lost all my money , and received a call form a person saying that the account in danger and if i do not deposit more money ,I will lose all 15000$ which I did.
N.B. when tiring to withdraw what is left 7000$ of my money the account manger called me and ask to cancel which I refused he closed the line and made sure I will lose all)