My name is Chris.I responded to an advertisement on the internet.Netotrade advertise that people can invest their money buy becomming Forex traders.Traiding in currencies.They send me their banking details of an overseas account.I deposited R5000-00 into their account.They also promised me that they will give me a 20% bonus on the money that I deposit.This whole amount will then be used when they open my trading account.They promised to train me on a demo model.So when I am ready ,they will open my account and trade on the real platform.I had two lessons ,then the guy told me to continue for two weeks.He will then make an assessment and tell me how I have done.Within the two weeks I lost all the money in the demo model ,so I thought.When he phoned me again for the third lesson.I explained to him what happened with the money.He told me that I was not trading in a demo model ,but it was on a real trading platform.He told me to deposit another R5000-00 ,so that he can trade on my behalf to get the money back.I was totally shocked and told him that was not our agreement,We agreed that I will tell him when I am ready to trade on the real platform.I contacted them again by email to asked for a refund of my money.They never responded again on my emails.Netotrade is a very sophisticated network scam. 

Report ID: 6359
Crime Category: Fraud
Province: Eastern Cape
Suburb: N/A
Address: 294 Barberry Drive ,Ext 34 ,Bethelsdorp ,Port Elizabeth ,6000
Crime Date/Time: 14 Mar 2014, 00:03 AM
Reported By: Username6359
Reported Date: 19 May 2014, 09:05 AM
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  • noxolo4 28 Apr 2015, 04:33 PM

    I had signed up with netotrade by december 2014. Ever since i was promised $500 added to my account and was not added. I tried trading but didnt make profit then i requested to cancell my account, its been 3 weeks now and the my money is not returned. PEOPLE STAY AWAY FROM NETOTRADE THEY ARE A BIG SCAM

  • Lucy7 10 Dec 2014, 10:20 PM is a phishing site. I had over $50 0000 of Fraudulent transactions two days after I made a deposit. Stay away, it's really bad news. They will lie and steal your money using different strategies. After the Fraud I tried to withdraw my initial deposit of $2000, it has been 3 weeks and I am still waiting. I wouldn't recommend Neotrade to my worst enemy. It's one BIG Scam run by the Russian Mafia.

  • Clayton5 19 Oct 2014, 02:04 PM

    Criminals in disguise. Netotrade: nothing else than a bunch of "actors" with the intent to rob your money. They use any stratagem to steal your money. They use a fake / virtual facade (address). Nothing else than thieves !!! Should be brought to justice!!! Stay away. Beware. Clayton

  • david hamlett 27 Aug 2014, 07:06 PM

    as the above client i had the same results they scammed me out of my money bascially the same way netotrade is a scam despite the professional advertising liscense to steal

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