Wikilix
Licence record

neotrades: FSC licence GB21200093

Wikilix check
Limited
Issuing authority
The Financial Services Commission
Jurisdiction
Mauritius
Last checked
Oct 10, 2026

This is Wikilix's record of a licence issued by The Financial Services Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Oct 20, 2026

Licence Verification Record

The Financial Services Commission GB21200093

Wikilix read the FSC register on Oct 10, 2026. This is what it said.

Issuing authority
The Financial Services Commission
Jurisdiction
Mauritius
Effective
Mar 8, 2022
Register status
Active on the FSC register as Investment Dealer (Full Service Dealer excluding Underwriting); no annotations and no surrender notice published

Checked Oct 10, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/neotrades/licenses/the-financial-services-commission/gb21200093Fields on file 8 / 11

Our check
Checked

What we checked

This authorisation is in force but limited — it does not carry the same protections as a full trading licence.

Wikilix check
Limited
Authority strength
Tier 3
Jurisdiction
Mauritius
Last checked
Oct 10, 2026
Register says
Active on the FSC register as Investment Dealer (Full Service Dealer excluding Underwriting); no annotations and no surrender notice published

Finding

A genuine Investment Dealer (Full Service Dealer excluding Underwriting) licence held by Neotrades Capital Ltd, the company that contracts with clients. It permits dealing in securities and derivatives from Mauritius. Mauritius is a mid to low tier offshore regime: there is no investor compensation scheme, no statutory negative balance protection, and the Client Agreement allows client money to be held outside Mauritius. The number the broker advertises, GB21200093, is its Mauritius Global Business Licence rather than the dealer licence reference, and the register prints a licence type and date rather than a number. Client protection: Limited. Real supervision of the entity, but no compensation scheme and no guarantee that client funds are returned if the firm fails. Effective: 08 Mar 2022.

Exhibit

Register screenshot, captured Oct 10, 2026
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
GB21200093
Register status
Active on the FSC register as Investment Dealer (Full Service Dealer excluding Underwriting); no annotations and no surrender notice published
Effective from
Expires
No expiry shown
The authority

About FSC

The Financial Services Commission is the authority that issued this licence, and the jurisdiction it applies in is Mauritius.

Full name
The Financial Services Commission
Jurisdiction
Mauritius
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2001
Oversight
A government or statutory body
Firms we track under it
35 firms
Regulates
Forex, Bond, Stocks, Fund, Options, Derivatives, Commodity, Loan, Retail Investment, Securities, Binary option, Margin Loan, Futures, CFD
Licences it issues
Investment Dealer (Full Service / Broker / Discount)
Typical cost of a licence
Investment dealer capital MUR 10m (full service) – MUR 600k
Public register
Searchable by the public
Transparency
Medium
Protection

What this licence protects

FSC's own rules for the firms it authorises.

  • Compensation schemeDeposit insurance covers up to MUR 300,000 per depositor
  • Complaints routeFSC complaints
  • Maximum leverageVaries by broker
This describes the authority's regime, not how neotrades applies it.
The holder

Who holds this licence

The licence above is recorded against neotrades. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Neotrades Capital Ltd.
Based in
Mauritius
Wikilix score
42.6the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • Neotrades Capital LtdMauritius · Reg. C185992 · Mar 3, 2022
  • NAGA Global (CY) LtdCyprus
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences neotrades holds

One other licence is on record for neotrades.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions

Neotrades gives complaints@neotrades.com as the address for raising a complaint and publishes a on its own site setting out how one is handled. Put it in writing, keep a copy, and include the account details, the amounts and the dates of any withdrawal request that was not processed. A broker's internal complaints route is the first step rather than the only one, and where no licence has been confirmed there is no supervising authority that has been shown to stand behind it.

Three tiers are on file, separated by their minimum deposit rather than by their trading terms: 1,000 USD, 5,000 USD and 25,000 USD, each with the same maximum leverage of 1:400. No commission figure is published for any of them. The tiers are no longer shown on the website and new accounts are not being opened.

Withdrawals are recorded at four to seven business days, and longer for bank wires. The fee runs up to 3.5 per cent depending on the method, on top of anything a card issuer or payment provider charges, and a request has to be accompanied by signed forms and completed identity checks. Deposits carried no fee from the broker itself.

The only contact Neotrades gives on its current website is support@neotrades.com, and it asks clients to use that address for any question about an account. Also on file are a complaints address at complaints@neotrades.com, a Mauritius telephone number on +230 2089022, a WhatsApp number on +971 45604965, and live chat in English during business hours. Whether every one of those channels is still staffed is not something the website confirms.

No. Neotrades states on its own website that it does not offer services or open accounts for individuals or entities located in the United States, the European Union, or any jurisdiction where doing so would breach applicable law. It has in any case stopped opening new accounts everywhere.

Neotrades is the trading brand of Neotrades Capital Ltd, a company incorporated in Mauritius under registration number C185992 with a registered office at 6 St Denis Street, 1/F River Court, Port Louis 11328. Its client agreement of May 2025 additionally names NAGA Global (CY) Ltd of Cyprus as a partner company. Neither entity has been checked against a corporate registry, so both stand as the broker's own account of who runs the service.

No. Neotrades states on its own website that it is no longer opening new accounts and that changes are taking place regarding its services. The site no longer carries trading, account, platform or payment pages: what remains is a short support notice, a set of legal documents, and an instruction to contact support@neotrades.com with any question about an existing account.

Maximum leverage on file is 1:400, and it applies to all three account tiers equally. That is the last figure Neotrades published rather than a currently advertised one, because its website no longer carries any trading or account pages.

The entry tier required a minimum deposit of 1,000 USD, with higher tiers at 5,000 USD and 25,000 USD. Individual payment methods carried their own floor, from 250 USD on bank cards, bank wires and e-wallets. Neotrades no longer publishes any of these figures and states on its own website that it is no longer opening new accounts, so no deposit will open one at present.

Bank cards, bank wire transfers, e-wallets and cryptocurrency including BTC, USDT and Ethereum are the funding methods on file. Neotrades charged no deposit fee of its own, cards and e-wallets were credited instantly, and wires took three to five business days. Withdrawals are recorded at four to seven business days with a fee of up to 3.5 per cent, and they require signed forms and completed identity checks. These methods are on file for accounts that already exist, since Neotrades states it is no longer opening new ones, and PayPal and Wise are not supported.

MetaTrader 4 and MetaTrader 5 are the platforms on file for Neotrades, both offered through a browser. No download link is on file for either one, and the broker's website no longer publishes a platform page, so there is currently no way to inspect the trading environment before funding an account.

No official register has been shown to list Neotrades, so its regulation is best described as claimed rather than held. Neotrades Capital Ltd states on its own website that it is a Mauritius based company, fully licensed under licence number GB21200093 and regulated by the laws of that country, but that claim has not been confirmed on the register of the authority that would have issued it. Safety is a separate question, and the more pressing one: the broker has stopped opening new accounts and replaced its trading site with a support notice, which is the kind of change that makes withdrawals the first thing an existing client should attend to.

Licence GB21200093 was issued by The Financial Services Commission (FSC), the financial authority for Mauritius.
neotrades holds this FSC licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the FSC register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates FSC tier 3. Supervision is lighter-touch and client protections vary.
This page links straight to the FSC register. Search it for GB21200093, and for the name neotrades rather than the trading brand.
neotrades has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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