BrokAIr Reviews

Netotrade Review

Netotrade is the one online broker that never fails to surprise, with its unorthodox approach to trading. But can this be trusted, or is it a risky gamble?

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Netotrade Overview

Netotrade is an online brokerage that was founded in 2006. It provides traders with access to financial markets such as Forex, CFDs, and cryptocurrency. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and operates in accordance with the European Markets in Financial Instruments Directive (MiFID). Netotrade is also registered with the Financial Conduct Authority (FCA) in the UK.

Pros and Cons of Netotrade

Pros: Cons:

Founders of Netotrade

Netotrade was founded by a team of experienced professionals in 2006. The founders include Yuriy Timofeev, Maxim Gnezdilov, Alexey Kravchenko, and Alexander Kravchenko. All four founders are still involved with the company. Yuriy Timofeev serves as the CEO and Maxim Gnezdilov is the CFO. Alexander Kravchenko is the Head of IT while Alexey Kravchenko is the Head of Sales. All four founders have extensive experience in financial markets and trading.

Public Opinion

The public opinion of Netotrade is generally positive. Most reviews praise the low minimum deposit requirement and access to a wide range of financial instruments. Furthermore, many traders appreciate the educational materials available on their website as well as the customer service provided by the company. On the other hand, some traders have complained about the limited selection of trading platforms and high spreads on some instruments. Some traders have also complained about high overnight fees for leveraged instruments. Overall, Netotrade has mostly positive reviews from traders.

News Events

Netotrade has been involved in several newsworthy events over the years. In 2016, the company launched its own cryptocurrency exchange platform called “NetoX”. The exchange allows users to trade Bitcoin, Ethereum, Litecoin and other digital currencies against USD and EUR pairs. In 2017, Netotrade was awarded “Best Online Broker” by FX Empire for its customer service and trading platform features. In 2018, Netotrade acquired a UK-based broker called “Oanda” in order to expand its presence in Europe.