Neuer Capital Review
Interested in cryptocurrency trading? Since this market is so lucrative, more and more people are willing to invest in these new currencies and for that you need a broker. The problem is that there are numerous scam brokerages popping up on a regular basis and so people have begun to consider all new ones as a scam scheme.
Neuer Capital is one such broker.
As the broker was founded in 2019, people have some doubts about it. However, the broker is gradually becoming one of the most popular platforms for cryptocurrency trading and for good reason. You can find CFDs on numerous cryptocurrencies, such as Ripple, Bitcoin, Litecoin, Ethereum and others.
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Neuer Capital is offering its services to traders worldwide and boasts a custom-made web trading platform, wide range of payment methods and account types, leverage as high as 1:20, commission-free trading and low spreads. Let’s check out the broker’s offerings:
Brief Intro of the Platform
As stated above, Neuer Capital was launched this year and is owned by Altos Group Ltd. No commission is applicable and there are no fees. To add to it, the broker has round the clock support available in German and English, fast withdrawals, top account security and offers all cryptocurrencies in one place.
Moreover, Neuer Capital has designed its services to make it easy for any trader, whether they are a newbie or an experienced trader, to start trading without having to deal with a big learning curve in regard to its trading platform.
Trading Conditions of the Website
There are approximately 40 pairs of cryptocurrency that you can trade on Neuer Capital. You have access to some of the most popular cryptocurrencies, such as Bitcoin, Ethereum and Ripple and there are some others as well, such as OmiseGo, NXT and Monero.
Most of the cryptocurrencies can be traded with a leverage of 1:2, some come with a leverage of 1:5 and the highest leverage that the broker has to offer is 1:20. The spreads start at 0 pips, which is undoubtedly appealing because it can give you high profits and minimize cost of trading.
The minimum amount that needs to be deposited for opening an account with the broker is 500 USD, EUR or GBP, depending on what base currency you select for your account. There are no commissions you need to worry about and Neuer Capital doesn’t charge any hidden fee either, which is definitely a benefit.
Trading Platform That Has Everything You Need
Neuer Capital has chosen to go with a proprietary web-based trading platform for their clients and it can work on any device, as long as it has a browser and an internet connection. This gives you the opportunity of trading at your desk or even on the go.
There are also some impressive charting features that the platform has to offer, which have been developed by TradingView. This gives traders the freedom of using any technical analysis system. Other than that, trading is also made easy due to the availability of price indicators, drawings, templates and several chart types.
One unique feature about Neuer Capital is that the broker has added a popularity indicator and this tool allows traders to assess the market sentiment at any given time. You can also take advantage of one-click trading, particularly during times of volatility. Beginners will also find it easy to use this trading platform as it opens up with a few clicks.
Account Types You Can Pick
There are a total of five account types that you will find on Neuer Capital. There are some common features that you will be able to enjoy when you open an account with the broker, no matter which one. These include daily market analysis, Pro webinars, 24/6 customer support and access to an education center. Apart from these, the broker also provides some additional features that depend on the account you sign up for. The account options are:
- Basic account: This can be opened with a deposit of 500 in your base currency and comes with features that are best suited to beginners who have only a small capital to invest.
- Bronze account: The minimum deposit requirement increases to 10,000 for this account and provides junior price alerts to its users, along with basic features.
- Silver account: With 25,000, you can open this account with Neuer Capital and it comes with a dedicated account manager and also PIA trading signals.
- Gold account: A deposit of 50,000 is needed for this account you will get VIP price alerts and also PIA SMS signals.
- Platinum account: Since it requires a minimum deposit of 250,000, this account is best for professional traders who can get exclusive position access, VIP price alerts, one-on-one trading and personalized trading strategy.
There is also a special black account, which is only offered to top investors and you cannot sign up for it.
Methods of Deposits and Withdrawals
You can make deposits through a variety of payment methods including bank wire transfer, credit and debit cards, China Union Pay, Neteller and Skrill. Withdrawing funds is also not a big hassle because Neuer Capital has adopted a flexible policy in this regard. No fee is applicable on withdrawal, with the exception of bank wire transfers, which will cost USD 30.
Education Center on the Website
Another appealing aspect of Neuer Capital is that the broker has made an effort to develop an education center for its clients that they can access on its website. Here, they can find a ton of learning material that can assist them in mastering crypto trading. You will find market reviews, e-Books, technical analysis, webinars and other materials available.
The presence of all these features and services indicate that Neuer Capital is indeed a legitimate broker that has been established to make crypto trading easy for everyone, no matter what their skill level or experience. The broker also offers exemplary customer support to clients and is always available to answer questions and resolving problems. Furthermore, it also complies with the KYC (Know Your Customer) and AML (Anti-Money Laundering) policies to ensure the security of all their traders and to allow them to trade with peace of mind.