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.
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