NEEX at a glance
NEEX is a multi-asset broker offering forex, metals, energies and indices on MT5, with a focus on tight spreads and fast execution for retail traders.
NEEX reports a founding year of NOT VERIFIED and a head office in Kingstown, Saint Vincent. It lists 2 regulators and 2 trading platforms.
BrokerBazaar verdict
NEEX has a genuine-looking multi-entity structure with an identifiable ASIC-regulated Australian entity and FSC-regulated Mauritius entity. However, the South African regulatory disclosure contains a material licence/entity discrepancy that requires resolution before its FSCA claim can be treated as independently verified.
Legal entities, regulation and licences
NEEX operates through 4 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
NEEX states that it accepts clients from Saint Vincent, Comoros. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, Commodities, Indices, US Stock CFDs. Platforms: MT5, NEEX App. Account types: Standard, ECN.
Best-for tags assigned by our team: MetaTrader, Low Spreads, High Leverage.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $50. Spreads start from 0.0 pips and commission is From $3/side per lot (ECN). Maximum leverage is 1:500, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Visa, Mastercard, Bank Transfer, Neteller, Skrill. Withdrawal methods: Bank Transfer, Credit Card, Crypto, e-Wallets.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Yes. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Not specified. Hedging: hedging. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: complaints@neex.com. Phone: +27 10 140 3074. For Neex (Pty) Ltd, formal complaints may be submitted to complaints@neex.com or by telephone at +27 10 140 3074. Complaints are acknowledged in writing within one business day with a unique reference number. Straightforward matters may be resolved within three business days. More complex complaints are investigated within 40 business days, with updates at least every 10 business days. A compliance review is completed within 15 business days. If the complaint remains unresolved after six weeks, the client may approach the FAIS Ombud.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Tight ECN spreads
- Strength: High leverage available
- Strength: MT5 platform
- Strength: Multiple funding options
- Limitation: Offshore regulation only
- Limitation: MT5 only (no MT4)
- Limitation: Limited track record
Who this broker suits, and who it does not
NEEX is most relevant to traders looking for: MetaTrader, Low Spreads, High Leverage.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
NEEX change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for NEEX yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about NEEX
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 2.4/5; WikiFX 8.63/10; Forex Peace Army N/A/5; Google Play Store N/A/5; Apple App Store 5/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with NEEX. How we make money. Trading leveraged products carries a high risk of loss.