ANSWER Dear Investor,Neotrades is a forex broker claiming to be operated by Neotrades Capital Ltd, which is licensed by the Mauritius Financial Services Commission (Mauritius FSC).However, there is no clear evidence linking the site neotrades.com to the license holder. Additionally, the Mauritius FSC is known for its lax regulation. Therefore, extreme caution is advised when considering Neotrades as your broker. We recommend opting for brokers regulated by top-tier financial regulators.Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added Neotrades to its alert list for lacking the required authorization. This serves as a significant warning regarding the broker's regulatory compliance.Compared to fully regulated brokers, Neotrades poses substantial risks. It would be wise to reconsider your choice.
See more