NetoTrade Forex Broker -Full Rating Analysis (v.2)
NetoTrade Forex Broker General Rating
NetoTrade RATING SUMMARY | ||
MAX | ACHIEVED | |
1.Reliability | 28.00% | 8.71% |
2.Competition | 30.00% | 24.00% |
3.Trading-Options | 26.00% | 18.50% |
4.Technology | 16.00% | 7.00% |
Overall Rating | 100.00% | 58.21% |
NetoTrade Rating Analysis
NETOTRADE -RATING ANALYSIS | ||||
TOTAL RATING | 100.0% | NetoTrade Broker | ||
Weight Analysis | Factor Analysis | 58.21% | ANALYSIS | |
1. FOREX BROKER CREDIBILITY | 28.00% | FACTOR-1 ANALYSIS | 8.71% | NetoTrade Credibility Analysis |
1.1 NetoTrade Level of Regulation | 12.00% | FSC (BVI)=1.0%, CYSEC=3.0%, CBI=4.0%, ASIC=4.0%, BaFIN=5.0%, FSA (UK)=6.0%, FINMA=8.0% and MiFID=+4.0% | 0.00% | NetoTrade is not regulated yet by any regulatory body = 0% |
1.2 NetoTrade Headquarters Base | 5.00% | Offshore=0%, Cyprus=2.0%, Ireland, Australia=4.0%, USA, UK, Germany, France, Switzerland=5.0% | 5.00% | NetoTrade Home Base is in UK = 5.0% |
1.3 NetoTrade Years in the Market | 4.00% | 0-2 Years=0%, 2-4 Years =1.0%, 5-7 Years=2.0%, 7-10 Years=3.0%, 10+ Years =4.0% | 1.00% | NetoTrade was found in 2010 2-4 years = 1.0% |
1.4 US Traders | 2.00% | Yes=2.0 or No=0 | 0.00% | NetoTrade doesn't allow US traders = 0% |
1.5 NetoTrade Web Ratings (Usage for differentiating results) | 5.00% | 2 Ratings: ForexPeaceArmy Rating=2.5%, EarnForex Rating=2.5% | 2.71% | NetoTrade FX FPA=3.167 & Earn Forex= 4.5 / 10.00, Total = 5.417 / 10.0 = 2.7085 |
2. FOREX BROKER COMPETITION | 30.00% | FACTOR-2 ANALYSIS | 24.00% | NetoTrade Competition Analysis |
2.1 NetoTrade Offering Spread (EUR/USD) | 12.00% | EUR/USD Spread <0.5=12.0%, <0.6=11.0%, <0.7=10.0%, <0.8=9.0%, <0.9=8.0%, <1.0=7.0%, <1.25=6.0%, <1.50=5.0%, <2.0=4.0%, <2.5=3.0%, <3.0=2.0%, <3.5=1.5%, <4.0=1.0%, >4%=0 | 12.00% | NetoTrade EUR/USD minimum Spread is 0,3 pips = 12.0% |
2.2 NetoTrade Commissions on Trading | 7.00% | No Commissions=7%, Low Commissions=4%, Low to Medium Commissions=3%, Medium Commissions=2%, Medium to High Commissions=1%, High Commissions=0 | 2.00% | $1.8 per standard lot = 2.0% |
2.3 NetoTrade Commissions on Deposit / Withdrawal | 2.00% | Yes=0 or No=2.0% | 2.00% | No Withdrawal Commissions are charged by NetoTrade = 2.0% |
2.4 NetoTrade Maintenance Fees | 2.00% | Yes=0 or No=2.0% | 2.00% | No Maintenance Fees by NetoTrade = 2.0% |
2.5 NetoTrade Rate of Leverage | 4.00% | 400%+=4.0%, 350%=3.5%, 300%=3.0%, 250%=2.5%, 200%=2.0%, 150%=1.5%, 100%=1.0%, <100%=0% | 4.00% | Max Leverage at NetoTrade is 1/400, = 4.0% |
2.6 NetoTrade Customer Service Quality | 3.00% | 24/7=1%, 24/6=0.5%, 24/5=0%, Phone=1.0%. Live Chat=1.0%, Skype=1.0% | 2.00% | NetoTrade provides 24/5=0%, Phone=1%, Live Chat=1% = 2.0% |
3. FOREX BROKER OPTIONS | 26.00% | FACTOR-3 ANALYSIS | 18.50% | NetoTrade Trading Analysis |
3.1 NetoTrade Availbale Forex Currencies | 8.00% | 45+ Currency Pairs=8.0%, 40+ Currency Pairs=7.0%, 35+ Currency Pairs=6.0%, 30+ Currency Pairs=5.0%, 25+ Currency Pairs=4.0%, 20+ Currency Pairs=3.0%, 15+ Currency Pairs=2.0%, 10+ Currency Pairs=1.0%, Less than 10 pairs=0 | 8.00% | NetoTrade offers 42 Forex Currencies= 8.0% |
3.2 NetoTrade Other Financials Available | 2.00% | Commodities=1.0%, Energy=1.0%, CFD trading=1.0% | 1.00% | CFDs = 1.0% |
3.3 NetoTrade Bonus / Rebate Rate | 8.00% | Bonus / Rebate >40%=8.0%, >35%=7.0%, >30%=6.0%, >25%=5.0% >20%=4.0%, >15%=3.0%, >10%=2.0%, >5%=1.0 | 3.00% | Bonus 15% by NetoTrade = 3.0% |
3.4 Scalping Allowance | 1.50% | Yes=1.5% or No=0% | 1.50% | NetoTrade allow Scalping = 1.5% |
3.5 Hedging Availability | 1.50% | Yes=1.5% or No=0% | 1.50% | Yes NetoTrade allow hedging = 1.5% |
3.6 NetoTrade Number of Deposit Methods | 2.50% | For each deposit method available=0,5%, max=5 methods | 2.50% | 5 methods available by NetoTrade (Credit Cards, Liberty Reserve, Debit Cards, Bank Wire and LiveKash) =2.5% |
3.7 NetoTrade Number of Withdrawal Methods | 2.50% | For each withdrawal method available=0,5%, max=5 methods | 1.00% | 2 methods available by NetoTrade (Credit Cards and Bank Wire) = 1.0% |
4. FOREX BROKER TECHNOLOGY | 16.00% | FACTOR-4 ANALYSIS | 7.00% | NetoTrade Technological Analysis |
4.1 NetoTrade Available Platforms | 5.00% | Each Supported Platform=1%, max=5 | 2.00% | MetaTrader4 and NetoTrade Web platform are available from NetoTrade = 2.0% |
4.2 API Trading Availability | 1.00% | Yes=1.0 or No=0 | 0.00% | No, API trading is not available at NetoTrade = 0% |
4.3 Automated Trading (Expert Advisors) | 2.00% | Yes=2.0 or No=0 | 2.00% | Yes, NetoTrade allow signals from Expert Advisors |
4.4 NetoTrade Mobile Devices Support | 2.00% | Each Supported Device=0,5% (iPhone, iPad, Android, Windows Mobile, Blackberry), max=4 | 2.00% | NetoTrade applications for iPhone, Windows, Android and BlackBerry devices = 2.0% |
4.5 NetoTrade MT4 / MT5 Availability | 1.00% | Yes=1.0 or No=0 | 1.00% | Yes, NetoTrade offers Metatrader4 |
4.6 NetoTrade Level of Innovation | 5.00% | High Innovation=5%, Medium Innovation=2.5% | 0.00% | Low Innovation (offering many Forex currencies, platform for all mobile devices) |
NetoTrade Rating & Review Analysis
Online Forex Reviews (2012)