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NEEX Review
Neex onboards clients through a South African FSCA entity, but a separate Mauritius company actually holds and executes trades, a lighter regulator.
Min Deposit
$50
Spreads From
0.0 pips on Premium plus commission, 1.2 pips on Standard
Max Leverage
1:500
Platforms
MetaTrader 4, MetaTrader 5
Pros
- South African onboarding entity holds a genuine FSCA license
- Low $50 minimum deposit on the Standard account
- Wide product range across forex, commodities, indices, and stock CFDs
- Choice of MetaTrader 4 and MetaTrader 5 platforms
Cons
- The FSCA entity only onboards clients, actual execution sits in Mauritius
- A third group company is a barely regulated Saint Lucia offshore shell
- Leverage up to 1:500 is far above FCA and EU retail limits
- Some traders report blocked withdrawals tied to bonus credit terms
Neex is a CFD broker offering forex, commodities, indices, and US stock CFDs on MetaTrader 4 and 5. Client signup happens through Neex (Pty) Ltd, a South African company holding FSCA license 49937.
That FSCA entity only introduces clients though. Its own site says all execution, custody, and liquidity actually run through Neex International Limited, licensed by the Mauritius FSC, a lighter touch regulator. A third group company, Neex Limited, is a barely regulated Saint Lucia offshore company set up in 2024.
Standard accounts open from $50 with leverage up to 1:500, well above FCA and EU retail caps. Some traders report Neex blocked withdrawals after labelling accounts as credit abuse or hedging arbitrage once a trading credit bonus was involved. Read bonus terms closely before you accept one.
Min. Deposit
USD 50
Max Leverage
1:500
Spreads From
0.0 pips on Premium plus commission, 1.2 pips on Standard
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
