NEG Markets prop firm offers funded accounts ranging from 5k to 300k USD options and allows traders to access several challenge types including instant, 1-step, 2-step, and 3-step. However, all funded accounts are virtual, and traders only trade on demo accounts even after getting funded. The maximum profit split is capped at 80% for all accounts except instant challenges which allow payouts from 60% which increases gradually every month.
In this NEG Markets review, we will assess the firm’s critical features including safety, rules, fees, funding amounts, platforms, assets, spreads, support, and much more.
Pros & cons of NEG Markets prop firm
Pros
- Ability to withdraw with $0 fees
- Most payment options are free and instant
- Fast and digital account opening/verification
- Fees start from 50 USD on 1-step challenges
- Does not offer educational resources
- Lacks multilingual support
- Lacks phone support option
Cons
- Lacks trader reviews on FPA and Trustpilot
- Is inexperienced in the prop trading industry and only offers demo accounts
- Does not offer cryptos and other assets
- Does not offer access to MetaTrader 4, MetaTrader 5 advanced platforms
Safety of NEG Markets – 0
NEG Markets reviews are lacking on the FPA, as the firm is still very young. There are also no reviews on Trustpilot, indicating that the firm is very young and has no feedback from retail traders. This lack of trader feedback is usually a huge red flag, and we can not confirm that the firm is legit. The firm was launched in 2024, which makes it super young and inexperienced in the prop trading industry. Another important factor when assessing the prop firm’s safety is whether a regulated broker backs its trading. In the case of NEG Markets, all funded accounts are funded accounts, meaning traders only access demo accounts even when they get funded. There is no broker involved, which makes the firm even less safe.
The firm gets a 0 score in this section as it lacks all crucial safety features and is very young still.
NEG Markets Funding and Maximum Capital Allocation – 3
NEG Markets funded programs are diverse and include instant, 1-step, 2-step, and 3-step challenge types. The NEG Markets funding options differ for each funded account type. The instant account offers 25k, 50k, and 75k USD options. 1-step and 2-step evaluations have the same range of funding options and include 5k, 10k, 25k, 50k, 100k, 200k, and 300k USD. The 3-step challenge starts at 10k and has up to 300k USD funding at max.
NEG Markets challenges offer both beginners and experienced traders suitable account types. The smaller challenges start from 5k USD in funding, which is enough for beginners but still high.
NEG Markets scaling plan is not offered at the moment and traders are limited by how much funding they can control.
Overall, the firm gets a 3 score in this section for offering decent funding options.
NEG Markets Assets – 2
NEG Markets prop trading assets include Forex pairs, commodities, and popular indexes. The leverage levels are different for each instrument. Forex major pairs have 1:100, minors 1:30, FX exotics 1:30, metals 1:20, and indexes also 1:20. The firm does not allow access to other popular asset classes like stocks, futures, or cryptos. Spreads are expensive, and the firm does not offer 0 pips on FX majors either, which is a huge downside.
In the end, NEG Markets gets a 2 score in the assets section for lacking cryptos and other popular instruments.
NEG Markets Trading rules and limitations – 1.2
NEG Markets rules are different for each funded challenge type the firm offers. Traders are prohibited from trading during major economic news and are not allowed to tick scalp, meaning there is a minimum period for each open position. Let’s compare the rules for each funded challenge to see whether the firm is competitive in rules.
The Instant NEG Markets challenge has the following rules:
- Profit target – None
- Daily risk limit – None
- Maximum drawdown – 8%
- Minimum trading days – 14 days
The 1-step NEG Markets challenge has the following rules:
- Profit target – 10%
- Daily risk limit – 4%
- Maximum drawdown – 8%
- Minimum trading days – 3 days
The 2-step NEG Markets challenge has the following rules:
- Profit target – 8% (phase 1), 5% (phase 2)
- Daily risk limit – 5%
- Maximum drawdown – 10%
- Minimum trading days – 3 days
The 3-step NEG Markets challenge has the following rules:
- Profit target – 6% (all phases)
- Daily risk limit – 4%
- Maximum drawdown – 10%
- Minimum trading days – 3 days
As we can see, the firm offers pretty average rules. However, it does not allow news trading and tick scalping, which is a downside.
Overall, the firm gets a 1.2 score in this section.
NEG Markets Fees – 3
The pricing starts from 50 dollars for the 5k USD challenge of a 2-step account, which is pretty competitive. Some firms are offering even lower fees for 5k USD accounts, and NEG Markets is competitive in this aspect. The 1-step challenges start from 60 USD for the 5k challenge, which is also very competitive. The 3-step challenge starts from 70 USD for the 10k USD account.
NEG Markets free trial is not offered at the moment and the NEG Markets free repeat is available either. Traders have to purchase funded accounts to start over, and they can not check trading conditions before purchasing them, which is a downside.
Overall, the firm receives a 3 score in this section.
NEG Markets Platforms – 0.9
The firm provides access to its own custom web trading platform. This platform is limited as it only provides absolute basic features and lacks custom indicators and automated trading capabilities. The platform also has very few built-in indicators. There is no support for advanced trading platforms like MT4 or MT5, which is a huge downside. Mobile trading is available, but the platform is not mobile-friendly and it is inconvenient. The platform is built inside the website and trader’s dashboard and is sometimes laggy.
Overall, the firm gets a 0.9 score in this section for only offering a web platform.
NEG Markets Profit-Sharing – 3
NEG Markets profit split starts from 80% and traders can increase it up to 90% using paid add-ons. Instant accounts start from 60%, and it is increased every month up to 80%. The ability to have a 90% payout is very flexible, but the firm severely lacks safety and does not provide advanced platforms and low spreads.
Overall, the firm gets a 3 score in this section.
Education and trading tools at NEG Markets – 0
The firm lacks comprehensive educational resources. There are no webinars, trading courses, or video guides. There is no trading blog either, and traders have to find financial education somewhere else if they want to become successful traders. No tools are provided to assist traders in their daily trading activities, which is also a downside.
Overall, the firm gets a 0 score in the education section.
Customer Support at NEG Markets – 2.4
Customer support at NEG Markets is provided via two channels, email, and live chat. The email can be used right from the website using the online form, while the live chat is built inside the website of the firm. There is no phone support or hotline, which is a red flag, as legit firms never hide their phone number or address. Both the website and the support are only available in the English language, which is also a drawback for the firm.
Overall, the firm gets a 2.4 score in the support section for offering live chat and email options but lacking phone support and a multilingual website.
Frequently Asked Questions on NEG Markets
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