NETO TRADES is a scam or a good broker.

https://netotrades.com/

NETO TRADES seems to be a potential scam due to its lack of licensing. 

The broker's regulatory claims are unfounded. A Government-Sponsored Enterprise (GSE) is a quasi-governmental entity established by the United States Congress to improve the flow of credit to certain sectors of the US economy. It's not a regulatory authority in the traditional sense, so the broker's claim of being regulated by a GSE cannot be taken as proof of legitimacy.

NETO TRADES is expected to be registered with the National Futures Association (NFA), but it has failed to do so. Moreover, it ambiguously claims to be regulated by the Financial Conduct Authority (FCA), a claim that is proven to be false.

Therefore, NETO TRADES is an unregulated broker and carries significant risks of fraud and identity theft. To avoid such risks, investors are strongly recommended to avoid unregulated brokers like NETO TRADES and opt for fully regulated ones instead.