Neotrades Review: Traders Claim Profit Cuts, False Assurances & Unfair Terms

Do you feel constant pressure from Neotrades to deposit your forex capital? Were you given a false assurance by the broker on recovering your trade losses? Have all your profits been wiped to ZERO on the Neotrades login? Does the Mauritius-based forex broker apply stringent terms and conditions for profit withdrawals? In this Neotrades review article, we have showcased these complaints. Read them below.

Explaining the Top Forex Trading Complaints Against Neotrades

The Constant Deposit Pressure & False Promise Accusation

Many traders complain about the constant deposit pressure they face from Neotrades officials. These officials allegedly claim that they would help the client recover their trade losses. As clients trade, earn profits & sometimes lose trades. However, the officials backtrack by not fulfilling the promises made earlier.

Unfair Terms & Conditions Imposed for Neotrades Withdrawals

Neotrades allegedly imposes unfair terms and conditions as traders seek to withdraw profits. In a shocking revelation, a trader claimed that the broker stipulated a trading volume of $35 million to withdraw $1,000. As the terms & conditions were found to be bogus, the trader sought a booklet that specifies such a requirement. However, the broker official does not hand it to the trader, prompting him to share a negative Neotrades review.

The Fund Scam Complaint

Several traders complain about increasing cases of fund scams in the name of hidden terms and conditions that the broker allegedly refuses to share with them at the beginning. As a result, the broker is able to scam many traders. In one such case, a trader was robbed of $1,000 due to this. Sharing the review the trader gave to Neotrades online.

One Trader, Multiple Complaints

A trader shared a shocking revelation on how Neotrades has been unsuccessful in ensuring internal fund transfers and withdrawals. The trader got angrier with the requirement of putting in a large capital to withdraw funds. Here is a screenshot where the trader explained the financial misery at Neotrades.

The Review of Neotrades by WikiFX: Score & Regulatory Details

The complaints shared above reflect Neotrades unprofessional trading behavior that prevents traders from unleashing their trade potential. By placing questionable restrictions on withdrawals, pressuring traders to deposit more, and scamming them eventually, the broker has earned a bad reputation in the forex community. The WikiFX team did not find a valid license for Neotrades in its investigation. As a result, our team could only give it a score of 1.50 out of 10.

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