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

Manav Puri
, India,
Oct 8, 2013,

another scam broker busted. today i was searching about this broker & saw the below link which shows how their entire customer data can be accessed by any person. their security is a joke. this is how this broker treats their customer privacy. i must say shame on them & every one must see & evaluate a broker before submitting their personal data like credit card, identifications etc.
lojina Moustafa
Doha, Qatar,
Oct 10, 2013,
Registered user

Issue escalated to Traders Court lojina vs. | GUILTY
Netotrade operate their work from Israel and they lie and call us from UK I have my statement for my account shows "Trade 246 ltd"

2013-10-09 1Star My name is Lojina Mostafa and I have been trading with Netotrade under account No. 16385134 My problem started when I asked Netotrade to transfer USD 2500, then company refused to proceed with my withdrawal request and they did not reply any of my emails. After a while Hassan Abdel Latif called me from Netotrade introducing him self as my new account manager after company fired my ex account manager Aly Elkhaldy because he was a thief!!!!! Once Hassan recieved the account he started to open lost trades and ends it without my permission, he made me lose all my balance USD 40000 in one day!!!!!! I tried to contact the company and I reached the hardly after telling them that somy of my friends wants to trade in forex with them, as Hassan started these lost trades without my permission and ended it without my consent, they claimed that it was trading and that forex trading is very risky, then I replied that all these trades happened from your end just beacuse I started to submit withdrawal request now company refuses to reply my correspondences and I lost all of my initial investment USD 10000 and all of my profit USD 30000. luckily they made a huge mistake by stealing from my credit card without my permission and I already submitted a dispute form at my bank. I wonder how to escalate this matter as theغ stole money from my credit card and manipulated my account with out my authorization, noting that I searched over the internet and found aout that they are unregulated company and I know many victims for this company who have similar cases like mine and also submitted a dispute request at their banks . Does any one know how to deal with unregulated forex companies??
uk, United Kingdom (really Israel),
Apr 3, 2012,

Hello everyone
My name is lavi and I'm trading for 3 years on forex and binary options
Needless to say I only lost in options it really is not easy
But recently I realized that in forex a large part of my success depends on the broker that I'm trading with it
I was so far in four different companies including netotrade company that I'm with her now
Until now, the services I received were only from a trading platform and emails
And now I get phone calls from experts in trade explain to me exactly what I'm not doingright
And how to improve my trades
I can honestly say that this is the first company I was able to make profits and take them back to my bank
Fairly quickly 48 hours and the money was in my account
I recommend anyone who wants to get better trading experience to try them
My expert by the way he is Danny Brown
Good luck to everyone hope I helped

Review Moderation Team Note: 5 Star rating removed. This review did not come from the UK. It came from the same location as NetoTrade's representative in the FPA's forums. "Lavi" and the forums rep both made posts in the forums from this location.

Per FPA policy, the rating on this review is being changed to 0 stars.

The FPA does not appreciate review spammers or forum spammers.
stratford, United Kingdom (Really Cyprus),
Jun 6, 2013,

best service ever!!!! by the first week gain 24% profit, steven smith has a great service, and great learning experience, highly recommend!!

Review Moderation Team Note: 5 Star rating removed. This review came from the offices of NetoTrade in Cyprus, as did the review from "ronald" left on 2013-07-09.

Per FPA policy, the rating on this review has been set to Zero stars.

The FPA does not appreciate review spammers.
uk, United Kingdom (Really Cyprus),
Jul 8, 2013,

very pleased for now
didn't know much about forex received a few hours of training for free
and from a 1500$ investment, 3 weeks after I stand at over 19% profit, working with tom michels head analyst, very pleased.
cannot give 5 starts cause I never trader anywhere else before.

Review Moderation Team Note: 4 Star rating removed. This review came from the offices of NetoTrade in Cyprus, as did the review from "shani" left on 2013-06-06.

Per FPA policy, the rating on this review has been set to Zero stars.

The FPA does not appreciate review spammers.
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.
wigan , United Kingdom,
May 23, 2013,

This company is really bad they use very pushy sales tactics and try get you to put more money in all the time and then they are trying to tell you how you need to trade all the time and if you don't trade a lot they are ringing you up saying they can help you trade more often, there just a bunch of sales people who don't take no for an answer they are working on commission only basis that's why they are so pushy and desperate, when you want to withdraw your money out you get 10 phone calls trying to take you out of it, stay well clear and go with a broker that is fsa regulated or an ecn as these guys are just con men
, New Zealand,
Oct 7, 2014,

Hi Linda,

I have a same experience. I lost almost $ 4500 USD. I'm also student and borrow money from my friends. Alan Levine is a terrible guy. Don't trust this company....they are making foolish to everyone.
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
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