Is Neuer Capital Scam or a Legitimate Trading Website?

Neuer Capital Review
  • Broker Rating
4.7

Summary

You might be asking yourself “is Neuer Capital scam or legit?”.  Well rest assured that Neuer Capital is a legitimate and safe broker for your trading needs. Going over the offerings and features of Neuer Capital in detail clarifies that it is a good choice for trading cryptocurrencies and earning a high return on investment.

Neuer Capital Scam or Legit?

Neuer Capital logoThe last decade has seen a horde of advancements being made and the world we live in has now gone digital, more so than it ever was before. Over the years, there has been a great deal of technological progress, which has brought about a number of changes and developments, and this has had a huge impact on various industries. However, one of the major developments that have occurred in the last decade in the financial industry is the launch of cryptocurrencies. The first cryptocurrency was introduced by Satoshi Nakamoto in 2009, with the intention of launching a virtual currency that would have a decentralized nature, so it would be free of government and third-party manipulation.

When Bitcoin was first introduced, no one could have predicted that it would form an industry of its own, but this is exactly what has happened. Today, these digital currencies are regarded as a global phenomenon and have revolutionized the finance industry, beyond what anyone could have fathomed. In the first few years, there wasn’t much talk about cryptocurrencies, but things changed drastically for this industry in 2017. This was when Bitcoin, the pioneer cryptocurrency, reached its peak of $20,000 and helped thousands of people make massive profits.

From then on, cryptocurrencies became a force to be reckoned with and the world saw a surge in crypto adoption, prompting many people to delve into this market. Therefore, it is not that big of a surprise to find out that Bitcoin is no longer the only crypto you can find in the market. Thousands of other coins have been launched since then, and each of them have their own profit potential. People are taking great interest in these cryptocurrencies because they want to enjoy the same returns as others did in 2017. Considering this increase in interest and demand, many brokerages have been established for accommodating those who wish to try their luck.

You can find brokerages that already existed in the market and were offering other trading instruments and have now added crypto to their offerings as well. However, it is important to bear in mind that cryptocurrencies are not like any other financial instrument because they are decentralized, highly volatile, and unregulated still. Therefore, your focus should be to look for a company that especially focuses on crypto trading. Since they are only offering cryptocurrencies, they make an effort to add all the resources, tools and functions that are required for trading these virtual currencies.

With these brokers, traders can find the right set of trading tools, plenty of educational resources, a solid trading platform and other kind of support, when required. The good news is that the number of crypto-focused platforms has also surged, bearing in mind the popularity of these assets. This means that you don’t have to worry about limited options, but you cannot just opt for any broker. Picking the first option you find is not a smart move because not all of them are capable and reliable. You have to do your homework in order to determine if a particular broker is right for you or not. How can you do that?

This involves considering every single aspect of the company and its offerings. One of the options that you will find in the market is known as Neuer Capital.

Neuer Capital Review

Broker Neuer Capital
Website https://www.neuercapital.com/
Trading Accounts Basic, Bronze, Silver, Gold, Platinum and Black accounts
Minimum Deposit €1,000
Assets Coverage Cryptocurrencies CFDs (Contract for Difference)
Trading Tools Charting tools, trading signals, price alerts, graphs and custom analytics
Education and Training E-books, videos, courses, tutorials and webinars
Customer Support 24/6 through email, phone and live contact form
Security Policy KYC (Know Your Customer) and AML (Anti-Money Laundering) policies
Parent Company Expand Solutions Ltd.

Is Neuer Capital a Scam?

You might be asking yourself “is Neuer Capital scam or legit?”.  Well rest assured that Neuer Capital is a legitimate and safe broker for your trading needs.

https://www.neuercapital.com/

Neuer Capital is an online broker that offers cryptocurrencies CFDs (Contract for Difference) to its clients from all over the world. The platform is owned and operated by Expand Solutions Ltd., a company that’s based in the Republic of Seychelles. Trading CFDs means that you will not be required to physically purchase the cryptocurrencies involved and this saves you from the hassle of finding appropriate storage for them. The broker has not been around for very long, but it is dedicated to cryptocurrencies only and has added tools and resources that are needed for trading these volatile assets.

Regardless, it is a good idea to check exactly what Neuer Capital entails before you decide to use its trading services. Check out some of its notable aspects below:

The Security Policies at Neuer Capital

When you are in the market for a brokerage, you need to know what security policies are being used because security issues have become a real concern nowadays. Cybercrime is surging quickly and the crypto market is a hot target because of the huge amount of traffic. When signing up on a platform, you would obviously be required to share your personal information and also have to entrust your money to an unknown party, which warrants some concern. The best way to assuage them is to know what security policies are applicable, if any, in order to protect you from exposure.

In this regard, Neuer Capital seems to have been quite proactive because you will find a number of security measures implemented on the platform. In order to keep your personal information and communications safe, they have opted to use advanced SSL (Secure Socket Layer) encryption, which reduces the possibility of any sensitive information leaking. Moreover, they have opted to follow the protocols outlined in international security policies of KYC (Know Your Customer) and AML (Anti-Money Laundering). These policies require every trader to provide proof of identity and residence, as this ensures that only legitimate accounts can be created.

It is a great way of rooting out criminals who may attempt to gain access to the platform. To give proof of identity and address, traders have to provide some documentation, or else their account will not be verified. If your account is not verified, you will not be able to make withdrawals, which can be a concern. In order to give proof of ID, traders are asked to provide either a national ID card, driver’s license or a passport. For proof of address, they can submit a utility bill, whether gas, electricity or water, or a credit card or bank statement. Bear in mind that these shouldn’t be more than three months old, and should show your name and address.

There is an additional requirement of proof of payment, but this is applicable only if you intend to use your debit or credit cards for depositing and withdrawing money. In this case, Neuer Capital will ask you to provide a front and back photo of the card in question, as this can be helpful in reducing the possibility of financial crimes like money laundering. Moreover, you should also note that you can only use accounts in your own name, as per AML rules, and no third-party accounts are supported. Deposits and withdrawals are to be made from the same account and using the same method.

For protecting your funds, Neuer Capital has opted for account segregation, another international standard, which means customer accounts are kept separately. This ensures that their funds are not mixed up with the company’s own and are only reserved for their trading activities. Even if the company shuts down or goes bankrupt, their money will remain safe and will be returned to them. Last, but certainly not the least, you will also discover that they have a Privacy Policy applicable as well. It outlines exactly how your information is used.

They do not share, sell or rent your information to any third-party without your consent and only use it for providing their trading services, nothing more.

Registering with Neuer Capital

Not many people will wonder about the registration process involved when you have to sign up with a brokerage, but it is certainly worth the attention because some of the platforms out there do tend to make it a tad complicated and time consuming. You will come across several complaints about companies asking for lots of irrelevant and unnecessary information. This takes up time and involves a lot of form-filling, which can get annoying when you wish to start trading right away. With Neuer Capital, you will not have any such complaints because their registration process is quite straightforward.

You don’t have to jump through any hoops to get yourself registered with this broker and neither do you need to share more details than you are comfortable with. To initiate the process, you can visit their website and click on the Register button. This will open up a form that can be filled out with some basic details; your first name, last name, email address, phone number and a password. There are three options given to you in regard to account currency, which are EUR, USD and GBP.

One last step that you have to complete is to agree with Neuer Capital’s Terms & Conditions. These are outlined in great detail on their website and you can go over them and then agree. After these steps are completed, you will be registered with them and can start trading.

The Cryptocurrencies on Neuer Capital

The Cryptocurrencies on Neuer Capital

No matter which broker you are signing up with, knowing what assets you can trade with them is of the utmost importance. Not only does it tell you if they are offering the one you are most interested in, if any, it also tells you if you can use their services for the long-term. Even if it is not your goal right now, every trader wishes to diversify at some point. In order to do so, you need to have enough options and variety and this is also applicable to cryptocurrencies. As mentioned before, Neuer Capital is dedicated to crypto trading, which means that you can find various cryptocurrencies to trade on their platform.

An issue that some traders have with crypto platforms is that the options they get are pretty limited. Most of them make an effort to add only the prominent and renowned options like Bitcoin, Ethereum and Litecoin, and the others are ignored. But, the fact is that the crypto market has expanded in the last decade and almost 6,000 coins can be found. You would obviously want to diversify later on and for that, you need a greater variety. Neuer Capital has obliged in this regard because they have added some other profitable options as well. You can also trade Ripple, Bitcoin Cash, IOTA, NEM, Monero, Dash, Binance Coin, Qtum and others.

The Trading Plans at Neuer Capital

You have checked security, know what registration involves and the crypto options at your disposal; it is time for you to take a look at the trading plans that Neuer Capital has come up with, and if they can accommodate you. Brokerages are known for offering trading plans for traders, so they are able to choose one according to their risk appetite, trading style and preferences. It is the same here and you can go over the various options to pick a plan that works for you. This platform is different in this regard because they have six trading plans, rather than the usual three or four.

This means there is a better chance of you finding a trading plan that’s best-suited to your needs. You can find a plan you are comfortable with, instead of having to make do. Listed below are the six plans and you can go over them in detail before picking one for your trading needs:

  • Basic

Neuer Capital’s first plan is named basic, because it is exactly so, as it has been developed for newbie traders. You have to deposit a minimum of €1,000 to open this account and in return, you will get Daily Market Reviews, 24/6 customer support, professional webinars that can provide guidance and education center access that can help you improve your knowledge.

  • Bronze

The second trading plan that you will come across is Bronze, which can be opened with a minimum deposit of €10,000. This account is for traders with a little bit of experience in trading crypto because features of the basic account are available here, along with some additional ones. You can get junior price alerts and they have also provided a dedicated account manager for guiding you in expanding your portfolio.

  • Silver

The Silver plan is the third one that you will find and this one is better suited to intermediate traders. The minimum deposit that has to be made for this plan is now €25,000. Along with basic and bronze plan features, the Silver one also comes with PIA trading signals because they can come in handy and they are provided five times a day.

  • Gold

The next trading plan that you will find at Neuer Capital is called Gold and the deposit requirement goes up once again to reach €50,000. Therefore, this account is a good option for advanced traders, who have some skill and experience. They have all features of the previous accounts in here, with PIA trading signals available 10 times a day because their volume is higher. They also receive custom analytics to assist them.

  • Platinum

To accommodate traders who are expert and quite skilled, there is the Platinum trading plan and it can be opened with a minimum deposit of €100,000. This account provides features of the rest of the accounts, but also boasts additions like a personalized trading strategy and attendance of premier events that can be incredibly beneficial for the traders.

  • Black

This is the last trading plan that Neuer Capital has to offer and it is only for professional and VIP traders. When it comes to the requirements for opening this account, there is a certain criteria that has to be met and you can find details about it by asking your account manager. This account gives access to all features the broker has to offer and it also comes with one-on-one training and exclusive position access for the traders. Islamic account options are also available.

The Trading Platform at Neuer Capital

The Trading Platform at Neuer Capital

One of the most vital features that brokers offer to traders is their trading platforms. This is the primary tool that you use for making your trades and it can have a big impact on your overall experience. If this platform doesn’t function properly, it can lead to disastrous consequences, particularly in the crypto market. For instance, not being able to execute trades quickly can be a major problem because the crypto market is very volatile and changes rapidly. Hence, a trade can turn in the opposite direction and result in losses for you.

Some common problems that often occur with trading platforms include lagging and even break downs, along with security loopholes. Neuer Capital has developed a proprietary trading platform for its clients and has customized it for crypto trading. It is a web trading platform, which means it is accessed through the web browser. This means you don’t need to stress over having to download a software on your device and install it. You can use this on your PC, your laptop or on mobile devices. It works on both Android and iOS ecosystems because they support web browsers.

Apart from that, you will also find that the trading platform is highly intuitive and responds quickly to any movements. Even though it is powered by cutting-edge technology, it is not difficult to navigate and use, which means even beginners will get the hang of it quickly. It is smooth in terms of functioning and allows you to enjoy high-speed execution, showing you all results in real-time. As far as trading tools are concerned, Neuer Capital has introduced some top-of-the-line ones.

There are price alerts, advanced charting capabilities and numerous charts, drawings and templates and even an economic calendar to help traders in keeping track of important market events. You can enjoy a seamless trading experience on any device and can trade on the go as well, because the platform is fully functional on mobile devices.

The Payment Methods at Neuer Capital

The process of trading involves investing money in order to make more. You have to deposit funds when you choose a trading platform offered by the broker and after you have made profits, you will want to withdraw them as well. In order to do both, you need to know what payment methods are provided to you in order to ensure they are convenient and easily accessible for you. Some brokers offer limited options, which often frustrate traders because the options may be time consuming, difficult to use or have security issues.

At Neuer Capital, you will discover that they have put together both modern and traditional payment options, so traders can pick the one that seems easy for them. Traditional payment methods include bank wire transfer, in which traders use their bank account directly for adding funds and withdrawing money. While deposits through this method are quick, withdrawals take longer than other methods, so traders may want more options. Also, you can only use a bank account in your own name for security purposes.

If you take a look at modern payment methods, Neuer Capital allows you to use your debit and credit cards for making your payments. They support Visa, Delta, Diners, MasterCard, Maestro, Solo and Maestro UK. These are fast and quite secure as well. Other payment options include using e-wallet services, such as Neteller, SoFort and Skrill, which are also supported. These are also quick, extremely convenient, as well as secure. If you have verified your account by submitting the documents mentioned above, you will be able to use any of these methods without any hassle.

Final Thoughts

Going over the offerings and features of Neuer Capital in detail clarifies that it is a good choice for trading cryptocurrencies and earning a high return on investment.