Neomarkets

Yes, Neomarkets Group Ltd does charge commissions for certain account types. For example, the MT5 Hedge account has commissions for Shariah-compliant trades, and the NeoTrade PRO account also charges commissions on stocks. For most retail accounts like the Classic and MT5 Cent, there are no commissions, but the spreads start a bit higher.

Withdrawals at Neomarkets Group Ltd are generally processed within 24 hours, which I find pretty fast. However, if I use a bank wire transfer, it can take up to 5 business days for the funds to reach my bank account, depending on the bank’s processing time. I’d prefer faster withdrawal methods, but the 24-hour processing time is reasonable for smaller amounts.

Neomarkets Group Ltd’s fee structure is a bit unclear, which makes it difficult to know exactly what I’m paying for. The Classic and MT5 Cent accounts have no commission, but the spread starts from 0.00009 pips, which is very tight and good for trading costs. For the MT5 Hedge, MT5 SwapFree Hedge (Islamic Account), and NeoTrade PRO accounts, commissions apply, and they range from $3.5 to $4 per lot depending on the instrument.

The spread at Neomarkets Group Ltd starts from 0.00009 pips, which is incredibly tight, especially for forex trades. This is a significant advantage for me as it minimizes trading costs. However, the spreads can vary depending on the account type and market conditions, so I always check the spreads for each trade I plan to execute.