Reported as a scam / unregulated
Why NETO TRADES is on the register
According to its website, it claims that it is regulated by the GSE in the United States. However, according to inquiries, GSE is a Government-Sponsored Enterprise (GSE) is a quasi-governmental entity. It’s not an authority in the sense of a regulatory body, but rather than an entity created by the United States Congress to enhance the flow of credit to specific sectors of the US economy.. We searched the National Futures Association (NFA), but no matching information was found in the NFA. In addition, it mentioned that it is related to Secure Crypto Finance, and that Secure Crypto Finance is regulated by the world’s biggest supervision authorities, including the Financial Conduct Authority. However, it did not specify which regulatory agencies. After inquiry, no matching information was found in the FCA. In essence, NETO TRADES is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. NETO TRADES appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.