What Account Types and Fees Does Neomarkets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Classic Account |
Beginners and retail traders |
Low minimum deposit, flexible leverage |
Suitable for small-capital practice |
| MT5 Hedge |
Experienced traders |
Advanced trading tools, hedging options |
Requires familiarity with trading strategies |
| MT5 Cent Account |
New traders |
Micro lot trading, low risk exposure |
Ideal for beginners testing strategies |
| MT5 SwapFree Hedge (Islamic Account) |
Muslim traders |
Swap-free trading, compliant with Islamic law |
Requires documentation for eligibility |
| NeoTrade PRO |
Corporate clients |
Custom services and high trading limits |
Requires corporate documentation and trading volume qualifications |
Account Opening Process
To open an account with Neomarkets, follow these steps: First, complete the registration form by submitting personal, employment, and financial information. Next, provide identity verification documents, such as a government-issued ID and proof of address (e.g., utility bill). After your documents are reviewed and approved, you can start trading. Additionally, Neomarkets offers flexibility for upgrading to a professional account later on, should your trading volume and experience increase over time.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for trading |
| CFDs (S&P 500) |
1.5 |
$5 per lot |
Standard fees for indices |
| CFDs (Gold) |
0.2 |
$3 per lot |
Low spreads on commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Neomarkets also applies the following additional fees: There are no deposit fees for most methods, but withdrawal fees may apply if the total withdrawal exceeds $50,000 in a calendar month, incurring a 1% charge. Additionally, clients may face inactivity fees after a period of account dormancy. No platform usage fees are associated with trading on Neomarkets, but overnight interest (swap rates) can apply to positions held overnight. Finally, currency conversion fees may be incurred when trading in different currencies.
