Warning: Is Neotrades a Scam?

Warning: Neotrades (neotrades.com) Analysis

Neotrades (neotrades.com) has been marked as a potential fraud operation.

We found that the company name is Neotrades Capital Ltd, it is located at 1ST Floor River Court, 6th St Denis Street P.O Box 1079, Port Louis 11328, Mauritius, the phone number is '+23058690044, and the support email is support@neotrades.com.

Neotrades presents itself as a trading platform, but it appears unlicensed by any major financial regulator, like the ASIC or CySEC.

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Can You Trust Neotrades?

Neotrades runs without oversight.

Investing with unregulated brokers is very unsafe. Legitimate firms are always authorized with bodies like the FINRA or FCA to ensure consumer safety.

Neotrades operates without this supervision. This means there is no safety net if they withhold your money. Most online scams involve unlicensed entities, and getting back funds from them is difficult without professional help.

For instance, in Europe, unlicensed firms are outside the jurisdiction of the Financial Ombudsman. In the US, they are not members of regulatory bodies, meaning your money is completely exposed.

How They Steal Money

Investment fraud is evolving. Criminals use social engineering to take your savings. Below are typical methods seen in brokers like Neotrades (neotrades.com).

Pig Butchering & Romance Scams

"Pig Butchering" is a common tactic where scammers groom victims over months. They build a romance on social media. Eventually, they introduce a "lucrative" investment. It's a trap to get you onto a fake platform .

The "Bonus" Trap

Scammers build websites that look exactly like legit trading apps. They have charts and profits that go up. But it is a game. The scammer controls the prices to make you feel rich to deposit more. When you try to withdraw, the "profits" are gone.

Red Flags

• Cold Calling: They call you from "brokers" out of the blue.
• Unregulated: The company has no authorization.
• High Returns: They guarantee huge profits or risk-free trades.
• Cannot Withdraw: They refuse withdrawals. They demand "tax fees" before releasing funds.
• Aggressive Sales: Agents pressure you to invest bigger amounts.

Do not trust positive ratings. Scammers frequently write their own 5-star reviews to appear real.

Verdict

We advise against Neotrades. It appears to be a scam. Save your funds and use a regulated broker. Avoid neotrades.com at all costs.