Neotrades Review: Is it safe to deal with a Neotrades broker?
Neotrades is an award-winning and safe brokerage for Forex and CFDs. They also claim to have innovative technology, provide professional education, and offer customer service of a world-class level. But, looking through the lens of deeper investigation, this review concerning Neotrades shows some serious issues that any potential trader should be aware of.
Key Facts About Neotrades:
- No solid evidence linking the website to a valid license.
- Claims to be operated by Neotrades Capital Ltd.
- Allegedly licensed by Mauritius FSC, a regulator with a weak reputation.
- CNMV (Spain’s top regulator) has issued a warning against Neotrades.
Neotrades Broker Overview
- Website: https://neotrades.com/en
- Website Availability: Yes
- Address: 1ST Floor River Court, 6th St Denis Street P.O Box 1079, Port Louis 11328, Mauritius
- Owned By: Neotrades Capital Ltd
- Blacklisted by: Comisión Nacional del Mercado de Valores (Spain) -(CNMV)
- Domain Age:
Name NEOTRADES.COM
Registry Domain ID 1621256084_DOMAIN_COM-VRSN
Registered On 2010-10-20T04:29:34Z
Expires On 2025-10-20T04:29:34Z
Updated On 2023-10-23T15:51:22Z
Regulatory Red Flags
No Reliable Regulation
Even though Neotrades claims that it fulfills all regulatory responsibilities on the part of the Mauritius FSC, there is no direct proof linking neotrades.com with any loyal license. Not to mention, Mauritius FSC is widely criticized for loose supervision, providing little or no protection to traders.
Major Concerns:
- Lack of clear regulatory backing.
- No protection for client funds.
- CNMV alert indicates serious risk.
- High possibility of fraud.
Scam Warning: Stay Alert!
How the Neotrades Scam Works
This Neotrades review shows actual reports of a trading scam associated with Neotrades Capital. A scammer named Adrian Pika contacts potential victims with false investment tips. At first, small profits are displayed to establish trust, but when bigger funds are invested, problems arise.
Common Scam Tactics:
- Pushing investors to deposit more money.
- Showing fake profits through manipulated dashboards.
- Blocking or delaying withdrawal requests.
- Cutting off communication once larger amounts are invested.
Scam Details You Must Know:
- Website: https://neotrades.com/en
- Phone: +971 58 508 5683
- Email: adrian.p@neotrades.com
Final Thoughts
In conclusion to this Neotrades review, we highly recommend that traders and investors avoid Neotrades Capital. The absence of a reliable license, a warning from CNMV, and several scam accusations render it an unsafe platform. Select only brokers licensed by well-known authorities such as FCA, ASIC, or CySEC to guarantee your safety.
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