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Neex group includes several related companies.
Neex AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
Neex SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
Neex MU - located in Mauritius, regulated by the Financial Services Commission (FSC).
Neex LC - located in Saint Lucia, regulated by the Financial Services Regulatory Authority (FSRA).
Be aware, ASIC has placed some trading restrictions (such as limited trading leverage) on AU brokers since late March 2021.
At the same time, MU and LC brokers remain free from such constraints.
Neex group accepts clients from all over the world, excluding USA, Canada, Belgium and some other countries where the provision of FX products/services is heavily restricted or prohibited by law.
Forex broker offers the following underlying assets for trading.
| 60+ Currency Pairs | Based on major and minor world currencies. |
| 14 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 3 Metal CFDs | Based on Gold, Silver, Platinum. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 20+ Stock CFDs | Based on shares of highly capitalized US companies. |
Neex is an international forex and CFD broker established in 2000, making it one of the more experienced players in the retail forex broker space. Over the years, the company has expanded its footprint across several regions and now operates through a group structure with entities registered and regulated in Australia, South Africa, Mauritius, and Saint Lucia.
One of Neex's main strengths lies in its multi-jurisdictional structure, which provides some flexibility in terms of max leverage and other trading conditions. As an example, EU-based traders should be able to take full advantage of this broker's 1:500 leverage by signing up with one of the offshore entities. This would not have been possible with a broker that is locally regulated in the EU. For Australian clients, however, the local regulation could cause some issues in this regard, given that the Australian Securities and Investments Commission (ASIC) since 2021 has imposed leverage restrictions similar to those in the EU.
Another notable thing about Neex is its investment-oriented services. The broker offers its own PAMM and copy-trading solutions, allowing clients to allocate funds to experienced traders while strategy providers can earn performance-based compensation. This makes the platform suitable not only for independent traders but also for those seeking a more passive approach to earning returns on their capital.
In terms of trading accounts, Neex keeps things simple, with only two types to choose from:
– Standard Account, with a minimum deposit of $50, spreads from 1.2 pips and no commissions
– Premium Account, with a minimum deposit of $500, spreads from 0 pips and no commissions
Both trading accounts can be denominated in either USD, EUR or GBP, and gives access to the broker's full selection of tradable instruments. The company states that client funds are kept in segregated accounts at designated banks, which is important in the rare event a broker becomes insolvent or bankrupt.
Once signed up with a trading account, Neex clients can trade through MetaTrader 4 (MT4), MetaTrader 5 (MT5), or through MetaTrader's web-based platform. As many of our readers know, MT4 is the original retail trading platform from MetaQuotes Software, and the platform remains hugely popular to this day. Its successor, MT5, offers some expanded functionality and an upgraded user interface, but it is still similar enough for traders to feel familiar.
Neex offers a solid range of trading instruments across multiple asset classes. Forex traders can access more than 60 currency pairs, stock traders can trade a selection of around 20 popular US-listed stocks and 14 international indices, while those interested in commodities can try their luck in the precious metals, oil (WTI and Brent), and natural gas markets.
All of the assets are offered as contracts for difference, better known as CFDs. This makes it extremely easy for anyone to take leveraged bets on price moves of the underlying assets, both to the short and the long side.
Funding options include bank wire transfer, credit cards like Visa and MasterCard, as well as the popular e-wallets Skrill, and Neteller. Processing times and fees may vary depending on the chosen method, but Neex itself does not charge any fees for processing deposits. Unfortunately, Neex does not accept crypto deposits.
In conclusion, we believe it's safe to say that Neex by now is one of the veterans in the forex industry, having been around since the year 2000. The broker has an interesting and pretty attractive offering, both in terms of platforms and tradable instruments, and we therefore see this broker continuing on its successful path for the foreseeable future.
