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NetoTrade Fees and Spreads

NetoTrade Fees and Spreads

 

 

 

Overall Rating

4.4/5

Rated #479 of 
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

Not Regulated

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

10

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

NetoTrade does not charge a commission fee with spreads from 0.3 pips.

NetoTrade doesn’t charge any account fees, while deposits and withdrawals are also free of charge. NetoTrade also charges an inactive fee.

Finding a reputable list about NetoTrade Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

NetoTrade spreads start from 0.3 pips on an ECN Account.

The spread list and fee schedule which is offered by NetoTrade are transparent as well as competitive. Fees, spreads, and commissions that traders can expect when trading with NetoTrade is as follows:

  • Mini Account – spreads from 3.3 pips.
  • Gold Account – spreads from 2.2 pips.
  • ECN Account – spreads from 0.3 pips.
  • Platinum Account – spreads from 1.8 pips.

The spreads which are offered by NetoTrade are much wider in comparison to those offered by other brokers. In addition, for the best spreads, traders will need to register an ECN Account, which may subject traders to other trading and non-trading fees.

 

Additional Trading Fees

When trading financial instruments such as forex, traders can often expect that overnight fees or swap fees will be charged when positions are held for longer than a trading day.

Swaps can either be credited or debited, depending on whether traders are in a long or short position when the trading day concludes. Traders can consult the NetoTrade website to obtain a comprehensive breakdown of the swaps that they can expect when trading with NetoTrade.

NetoTrade makes provision for an Islamic Account for Muslim traders who follow the Sharia Law, who is subsequently prohibited from earning or paying interest where the holding of open positions is concerned.

NetoTrade does not offer spread betting and thus spread betting fees do not apply.

 

Overall Rating

4.4/5

Rated #479 of 
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

Not Regulated

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

10

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

NetoTrade either deposit fees or withdrawal fees. In addition, traders also have access to the following payment methods when making deposits or requesting withdrawals:

  • Bank Wire transfer
  • Debit Card
  • Credit Card
  • Skrill

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

 

Pros and Cons

✔️ PROS ❌CONS
Competitive spreads No US Clients
Competitive trading conditions High minimum deposit
Segregation of funds for clients
Well Regulated
Wide variety of accounts

 

You might also like: NetoTrade Minimum Deposit

You might also like: NetoTrade Demo Account

You might also like: NetoTrade Sign up Bonus

You might also like: NetoTrade Account types

You might also like: NetoTrade Islamic Account

 

FAQ’s

 

How many instruments can I trade with NetoTrade?

You can trade the following financial instruments:

  • Commodities
  • CFDs
  • Stocks
  • Precious Metals
  • Indices
  • Forex

 

Which platforms are supported by NetoTrade?

  • NetoTrade web platform
  • MetaTrader 4
  • Mobile

 

Does NetoTrade offer leverage?

Yes, NetoTrade offers maximum leverage of 1:400.

 

What spreads can I expect with NetoTrade?

You can expect spreads from 0.3 pips on the ECN Account. The Islamic Account is expected to reflect the same spreads as the live trading account which was converted.

 

Does NetoTrade charge commission?

No, NetoTrade does not charge commission. It is unclear whether Islamic account holders are subjected to commission charges. Traders must verify this information with the broker as it is not stated on the website.

 

Is NetoTrade regulated?

Yes, NetoTrade is regulated by CySEC.

 

Is NetoTrade a recommended forex trading broker for experts and beginners?

Yes. NetoTrade caters to both beginners and experts.

 

What is the overall rating out of 10 for NetoTrade?

6/10.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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