Neomaaa.com Reviews

Based on looking at the website, Neomaaa.com appears to be a proprietary trading firm, often referred to as a “prop firm,” that offers traders the opportunity to access funded trading accounts. While the promise of trading with someone else’s capital and keeping a significant portion of the profits might sound enticing, it’s crucial to approach such platforms with a discerning eye. The financial world is rife with schemes that appear legitimate on the surface but can lead to significant financial and ethical pitfalls, particularly when dealing with instruments that might involve interest riba or excessive speculation.

As individuals striving for an ethical and blessed livelihood, we must be vigilant about the permissibility of our earnings. Platforms that involve trading derivatives like Forex and Futures often rely on mechanisms that may involve interest-based swaps, leverage, or speculative contracts that lack the underlying asset exchange required for a permissible transaction. Furthermore, the inherent nature of prop firm challenges, which often involve passing strict profit targets and drawdown limits, can push individuals towards excessive risk-taking and gambling-like behavior, which is explicitly forbidden. It’s essential to understand that any engagement where the primary aim is to profit from price fluctuations through leveraged positions, especially without genuine ownership and transfer of risk, can fall into areas of concern regarding riba and gharar excessive uncertainty. True financial growth, for us, comes from legitimate trade, hard work, and ethical investment that benefits society, not from high-risk speculation that could easily lead to financial strain and distress.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Neomaaa.com Review & First Look

Upon an initial review, Neomaaa.com presents itself as a platform designed to identify skilled traders and provide them with capital. The website emphasizes “Trade Confidently.

Earn Real Rewards,” promising access to professional tools and a high profit split, up to 90%.

What is Neomaaa.com?

Neomaaa.com positions itself as a prop firm that allows traders to prove their skills on a demo account.

If successful in meeting certain criteria, they gain access to a “funded account” with simulated capital, from which they can earn a share of the “profits.” This model aims to attract aspiring traders who lack the capital to trade independently.

The Prop Firm Model: A Closer Look

The prop firm model, while seemingly appealing, operates on a specific premise: Currencies4you.com Reviews

• Evaluation Phase: Traders pay a fee to attempt a trading challenge on a simulated demo account. They must meet specific profit targets and stay within defined drawdown limits.
• Funded Account: If the challenge is passed, the trader is granted access to a “funded account.” It’s important to note this is often still a simulated account, and the “funding” refers to the firm’s willingness to pay out a percentage of the profits generated in this simulated environment.
• Profit Split: The firm takes a percentage of the profits generated, and the trader keeps the rest. Neomaaa.com claims up to a 90% profit split.

The Inherent Risks and Ethical Concerns

While the promise of trading without risking personal capital is alluring, several aspects of the prop firm model, and specifically Neomaaa.com’s offerings, raise significant ethical and financial concerns:

• Nature of “Funding”: The “funded accounts” are often simulated. This means traders are not actually trading on live markets with the firm’s capital. Instead, they are performing well on a demo account, and the firm pays them based on their simulated performance. This can be misleading and does not constitute genuine partnership or investment.
• High Failure Rates: Data from the prop trading industry suggests that the vast majority of participants often over 90-95% fail to pass the evaluation phase or maintain profitability in the “funded” stage. This means most participants end up losing their initial evaluation fees.
• Focus on Speculation: The emphasis on high leverage, rapid profit targets, and instruments like Forex and Futures inherently promotes speculation rather than genuine investment or value creation. This is a red flag for those seeking permissible financial dealings.

Neomaaa.com Cons: Unveiling the Pitfalls

While Neomaaa.com highlights its benefits, it’s crucial to delve into the cons, especially from an ethical and financial prudence perspective.

The nature of proprietary trading often involves significant risks and may not align with principles of ethical wealth generation.

High Barrier to “Funding”

Neomaaa.com, like most prop firms, imposes stringent rules and targets that can be incredibly difficult to meet consistently.

• Profit Targets: For instance, their “1 Step” plan requires an 8% profit target in Phase 1, and the “2 Step” plan requires 6% in Phase 1 and 6% in Phase 2. These are high targets to achieve in a controlled environment, especially for new traders.
• Strict Drawdown Limits: They impose a “Max Daily Drawdown” e.g., 4% for a $100,000 account and a “Max Drawdown” e.g., 6% for a $100,000 account. Breaching these limits, even by a small margin, typically results in immediate account termination, meaning the loss of the challenge fee and any accumulated simulated profits. For example, a 4% daily drawdown on a $100,000 account means a maximum loss of $4,000 in a single day from the starting balance or peak equity.

Misleading “Funded Account” Concept

The terminology used by prop firms, including Neomaaa.com, can be deceptive regarding the nature of the “funded account.” Sportisgood-de.de Reviews

• Simulated Trading Environment: The “funded accounts” provided are typically not live trading accounts with real capital from the firm. Instead, they are usually demo accounts on which traders execute trades. The firm then mirrors these trades internally or simply pays out based on the simulated performance.
• No Real Capital Risk by the Firm: The firm is primarily risking its reputation and the challenge fees it collects, not its own trading capital in a direct sense through your trades. The financial model largely relies on the large volume of failed challenges.

Ethical Ambiguities and Haram Concerns

The core activities promoted by Neomaaa.com, particularly Forex and Futures trading, carry significant ethical ambiguities that conflict with permissible financial principles.

• Riba Interest: Forex trading often involves overnight swap rates interest on positions held open, which are a form of riba. Even if a trader attempts to avoid holding positions overnight, the underlying market structure can still be problematic.
• Gharar Excessive Uncertainty: Trading highly leveraged derivatives like Forex and Futures, where contract specifications can be complex and the market is volatile, introduces excessive uncertainty and speculation, which is not permissible. The objective is often to profit from mere price fluctuations rather than genuine exchange or productive investment.
• Gambling-like Behavior: The high-risk, high-reward nature, combined with the stringent rules and potential for quick losses, can encourage a mindset akin to gambling. This is especially true when individuals are driven by the desire to “pass the challenge” and access “funded” accounts, leading them to take irrational risks.
• Lack of Tangible Exchange: In permissible transactions, there must be a clear exchange of value and transfer of ownership. Forex and Futures trading, especially when leveraged, often deviate from this principle, as they are contracts based on future prices or merely currency pairs, rather than a physical exchange of goods or services.

Payment Methods and Financial Transparency

While Neomaaa.com accepts various payment methods, including cryptocurrency, this doesn’t alleviate the underlying ethical concerns.

• Cryptocurrency Payments: The use of cryptocurrency USDT TRC-20 is mentioned for platform changes can offer a degree of anonymity but does not purify the nature of the transaction itself if the underlying activity is questionable.
• Refund Policy: The website mentions “Refund Yes” for 1-step and 2-step plans, implying a refund of the challenge fee, but the conditions for this are not immediately clear and likely tied to passing the challenge, which, as discussed, is difficult.

Support and Operational Concerns

While 24/7 support is advertised, the ultimate success of a trader on the platform hinges on their ability to consistently meet unrealistic targets, not merely on support quality.

• Discord Community: The platform encourages joining a Discord community for market insights and networking. While community can be beneficial, if the focus is on speculative trading strategies that involve impermissible elements, then the community, too, can lead participants astray.
• No Minimum Trading Days: For some plans, there are no minimum trading days, which might seem like flexibility but can also encourage impulsive and high-frequency trading, further leaning into speculative behavior.

In summary, while Neomaaa.com tries to present an opportunity, the inherent risks, the simulated nature of “funded” accounts, and the ethical ambiguities surrounding the trading instruments involved Forex, Futures make it a highly problematic venture for those seeking to earn a permissible and blessed livelihood.

Neomaaa.com Alternatives: Pathways to Ethical Wealth

Given the ethical and financial concerns associated with platforms like Neomaaa.com, especially those involved in highly leveraged and speculative trading such as Forex and Futures, it’s crucial to explore alternative avenues for wealth generation that align with permissible principles. Lulu.com Reviews

Instead of chasing quick, high-risk gains that often involve interest riba or excessive uncertainty gharar, focus on methods that promote real value, ethical trade, and sustainable growth.

1. Halal Entrepreneurship and Business Ventures

The most recommended and blessed path to wealth is through legitimate trade and entrepreneurship, where you create value, provide goods or services, and assume real business risk.

• Starting a Small Business: Identify a need in your community or market and develop a product or service to meet it. This could be anything from e-commerce selling physical products, local services, or even a digital product that solves a problem.
  • Direct Sales: Focus on physical products with clear ownership transfer.
  • Service-Based Businesses: Offer skills like web design, writing, consulting, or local services.
• Partnerships Musharakah/Mudarabah: Instead of interest-based loans, consider entering into permissible partnerships where profits and losses are shared based on mutual agreement and effort.
  • Musharakah: A joint venture where two or more parties contribute capital and/or labor, sharing profits and losses.
  • Mudarabah: One party provides capital, and the other provides expertise and labor, with profits shared according to a pre-agreed ratio, and losses borne by the capital provider unless due to negligence.

2. Ethical and Permissible Investments

Instead of speculative trading, focus on long-term investments in tangible assets, ethical businesses, or permissible funds.

• Real Estate Investment: Invest in properties for rental income or long-term appreciation. This involves tangible assets and clear ownership.
  • Direct Property Ownership: Buy, manage, and rent out residential or commercial properties.
  • Real Estate Investment Trusts REITs: Ensure they are permissible, focusing on real estate assets rather than interest-based financing.
• Investing in Permissible Equities Stocks: Invest in publicly traded companies that operate in permissible sectors avoiding those involved in alcohol, gambling, conventional finance, entertainment with impermissible content, etc..
  • Shariah-Compliant ETFs/Mutual Funds: Many funds specifically screen companies for compliance, making it easier to invest.
  • Individual Stock Picking: Conduct due diligence to ensure the company’s core business, revenue streams, and financial practices are permissible. Look for companies with strong fundamentals and ethical governance.
• Commodities Physical Ownership: While trading commodity futures can be problematic, investing in physical commodities or through specific permissible structures that involve actual ownership transfer can be an option. This is more complex and typically requires specialized knowledge.

3. Skill Development and Professional Growth

Invest in yourself by acquiring valuable skills that can lead to stable, high-income opportunities.

• Education and Certifications: Pursue degrees, certifications, or vocational training in fields with high demand e.g., technology, healthcare, skilled trades.
• Freelancing/Consulting: Leverage your expertise to offer services on a freelance basis. Platforms like Upwork or Fiverr can connect you with clients seeking specific skills.
• Building a Personal Brand/Expertise: Become an expert in a niche and leverage that through content creation blogging, YouTube, public speaking, or specialized consulting.

4. Permissible Financing and Savings

Avoid interest-based loans and credit cards. Aslitarcanclinic.com Reviews

Instead, explore ethical financing options and cultivate disciplined savings habits.

• Halal Financing Institutions: Seek out financial institutions that offer home financing, auto financing, and personal financing based on permissible contracts like Murabaha, Ijarah, or Musharakah Mutanaqisah.
• Savings and Budgeting: Develop a strong habit of saving a portion of your income and creating a strict budget to manage expenses. Financial stability comes from careful planning and avoiding debt.
• Gold and Silver as Stores of Value: Historically, gold and silver have been used as stable stores of wealth. Investing in physical gold and silver can be a permissible way to preserve wealth, ensuring actual possession and avoiding speculative paper gold/silver.

By focusing on these ethical alternatives, you can build a robust financial future that is blessed and free from the uncertainties and impermissible elements found in speculative trading platforms.

The goal is not just to acquire wealth, but to acquire it in a manner that benefits you in this life and the hereafter.

Neomaaa.com Pricing: Understanding the Cost of Entry

Neomaaa.com offers different account types and pricing structures, primarily based on the initial simulated balance and the number of steps in their evaluation process.

Understanding these costs is crucial, as they represent the initial investment a trader must make, often without any guarantee of success. Thesilentdiscoguys.co.uk Reviews

Pricing Models Offered

Neomaaa.com presents different “plans” for traders to choose from, each with varying simulated account balances and profit splits upon hypothetical “funding.”

• 1 Step Plans: These plans typically involve a single evaluation phase.
  • Account Sizes: $5,000, $10,000, $25,000, $50,000, $100,000, $150,000, $200,000.
  • Example Pricing: A $10,000 account might cost $99, while a $100,000 account is priced at $488.
  • Profit Target: 8% for Phase 1.
  • Maximum Daily Loss: 4%.
  • Maximum Loss: 7%.
  • Minimum Trading Days: 4.
  • First Payout: No split during the challenge. For funded accounts, 30 days.
• 2 Step Plans: These plans involve two evaluation phases.
  • Account Sizes: Similar ranges to 1 Step plans.
  • Example Pricing: A $10,000 account might be comparable, but overall the structure aims to test consistency over two phases.
  • Profit Target: 6% for Phase 1, 6% for Phase 2.
  • Maximum Loss: 8%.
  • Minimum Trading Days: 4 per phase.
  • First Payout: 14 days with add-on for funded accounts.
• Instant Funding Plans: These seem to offer immediate “funding” but with different rules and typically lower profit splits.
  • Account Sizes: $5,000 to $200,000.
  • Profit Target: No target for funded account activation.
  • Maximum Daily Loss: 3%.
  • Maximum Loss: 6%.
  • Minimum Trading Days: 5.
  • First Payout: 30 days.
  • Profit Split: 70/30 lower than challenge accounts.

What Your Payment Covers

The fees you pay are essentially for:

• Access to a Demo Account: This is the primary service. You’re paying for the opportunity to use their simulated trading platform to prove your skills.
• Evaluation and Tracking: The fee covers the platform’s infrastructure for monitoring your trading performance against their strict rules.
• Potential “Funding”: If successful, the fee is the gateway to being considered for a “funded” account and the chance to earn a profit split.

The True Cost: Beyond the Initial Fee

The stated pricing can be misleading because the actual “cost” often includes much more than the initial payment.

• High Failure Rates: As discussed, a vast majority of traders fail these challenges. This means their initial payment is often a sunk cost. According to industry statistics, only a small percentage of traders often less than 10% successfully pass prop firm evaluations.
• Reset Fees: If a trader fails a challenge but wants to try again, Neomaaa.com, like other firms, may offer a “reset discount” e.g., 15% discount on a new challenge. This implies additional costs if a trader persists after failing.
• Opportunity Cost: The time and effort spent trying to pass these challenges could be invested in learning ethical financial principles, developing permissible business ventures, or acquiring skills that lead to more stable and blessed income streams.
• Psychological Toll: The pressure to meet aggressive profit targets and avoid drawdowns can lead to significant stress, anxiety, and potentially rash decision-making, which has its own non-monetary costs.

Ethical Perspective on Pricing

From an ethical financial standpoint, paying for something with such a high probability of failure, especially when the underlying activity highly leveraged speculative trading is problematic, is not a prudent use of resources.

It resembles purchasing a lottery ticket where the odds are stacked heavily against you, only with a more complex facade. Edgevisors.com Reviews

The money spent on these challenges could instead be directed towards:

• Investing in skill development: Courses for permissible trades or entrepreneurship.
• Seed funding for a small ethical business.
• Charity Sadaqah: A much more rewarding and blessed expenditure.

Therefore, while Neomaaa.com publicly displays its pricing, the true “cost” extends far beyond the numbers on the screen, encompassing financial loss, wasted effort, and potential ethical compromises.

How to Cancel Neomaaa.com Subscription

Canceling a subscription with a proprietary trading firm like Neomaaa.com typically involves specific steps, especially if you’ve signed up for an evaluation or “funded” account.

Since these platforms usually operate on a one-time purchase model for challenges rather than recurring subscriptions, the cancellation process might refer more to discontinuing your participation or preventing future charges rather than canceling a monthly membership.

Understanding Neomaaa.com’s Payment Model

Neomaaa.com charges for access to its evaluation programs, not a recurring subscription. Dentalpinclinic.com Reviews

Once you pay for a challenge e.g., a “1 Step” or “2 Step” plan, that fee covers your attempt.

There isn’t a monthly charge that needs to be “canceled” in the traditional sense.

However, if you wish to stop participating, prevent further attempts, or have any issues with a recent purchase, here’s how you might approach it.

Steps to Discontinue Participation or Address Payment Issues

1. Check for “Active Promotions” or Discount Codes: Before considering cancellation, if you were on a trial or used a discount, ensure you understand the terms that led to your initial enrollment. The website mentions checking social media or their Discord for “#active-promotions.” This isn’t directly related to cancellation but helps understand the initial purchase.

2. Contact Support Directly: The most reliable method to inquire about stopping participation, refunds for recent purchases, or any payment-related concerns is to contact Neomaaa.com’s customer support. Timelessjump.com Reviews

   • WhatsApp: They provide a WhatsApp contact option.
   • Livechat: A live chat feature is available on their website.
   • Discord: Their Discord server has a “#support-tickets” section.
   • Email: They list an email address:
   • Support Center: They have a dedicated Support Center which might contain FAQs on refunds or account management.

3. Review Their Terms and Conditions T&Cs: Before purchasing, or if you’re already a user, always review the firm’s detailed terms and conditions, especially sections related to refunds, cancellations, and account termination. This is where the precise rules about chargebacks, refunds for failed challenges, or early termination will be outlined. While the website mentions “Refund Yes” for some plans, the specific conditions are critical.

   • Likely Refund Conditions: It’s common for prop firms to offer refunds of the challenge fee only if the trader successfully passes the evaluation phase and makes their first withdrawal from a “funded” account. This means most users who fail the challenge will not receive a refund.

4. Disabling Automatic Translation if applicable: One FAQ mentions, “Why can’t I complete a purchase on Neomaaa? Disable automatic translation, as it may interfere with the checkout process.” While not directly related to cancellation, if you encountered issues during purchase, this might be a factor to consider for any follow-up actions.

5. Addressing Cryptocurrency Payments: If you paid with cryptocurrency and haven’t received credentials or wish to cancel a pending payment, their FAQ suggests:

   • “Cryptocurrency payments usually process within 30 minutes. Once confirmed, your credentials are sent automatically.”
   • “If you haven’t received them: Check if the payment is still processing or incomplete. Ensure the full amount was sent. Need help? Send us the transaction ID, and we’ll verify it for you.”
   • For actual cancellation of a crypto transaction, it’s generally irreversible once confirmed on the blockchain, so contacting support immediately is paramount if an error occurred.

Ethical Considerations for Discontinuation

From an ethical standpoint, if you’ve recognized that participation in Neomaaa.com’s trading environment might involve impermissible elements like riba or excessive speculation, the best course of action is to:

• Cease Trading Immediately: Stop engaging in any trading activities on their platform.
• Withdraw Any Permissible Funds: If, by some slim chance, you have accumulated any permissible simulated profits that the firm is willing to pay out, attempt to withdraw them according to their terms.
• Do Not Re-engage: Resist the urge to purchase another challenge or “reset” if you fail. The financial and ethical risks outweigh any perceived benefits.
• Seek Permissible Alternatives: Re-invest your time, effort, and any remaining capital into ethical business ventures, permissible investments, or skill development that aligns with your values.

In essence, while there isn’t a typical “cancel subscription” button, discontinuing your involvement with Neomaaa.com means stopping further purchases, refraining from trading on their platform, and shifting your financial focus to ethical and permissible avenues. Pinklily.com Reviews

How to Cancel Neomaaa.com Free Trial

Based on the information available on Neomaaa.com’s homepage and FAQ section, there is no explicit mention of a “free trial” offer for their proprietary trading challenges. Their model appears to be a direct purchase of an evaluation account. Traders pay an upfront fee to participate in a “1 Step,” “2 Step,” or “Instant Funding” plan, which grants them access to a simulated trading environment.

Absence of a Traditional Free Trial

Unlike some subscription services that offer a limited-time free access period, Neomaaa.com’s business model revolves around paid evaluation challenges. The structure described includes:

• Upfront Fees: All the plans 1 Step, 2 Step, Instant Funding require an initial payment. For example, a $10,000 account starts at $99.
• Demo Accounts as Evaluation Tools: The website mentions, “Register a risk-free demo account funded by NeomAAA. Refine the strategy, demonstrate your expertise, and start trading with actual simulated money.” This phrasing implies that the “demo account” is part of the paid evaluation process, not a standalone free trial that precedes payment. You are paying for the privilege of attempting the challenge on a demo account.

What to Do If You Misunderstood

If you somehow initiated a process believing it was a free trial and were unexpectedly charged, or if you simply wish to discontinue your engagement without making further purchases, here’s the approach:

1. Verify Your Account Status: Log into your Neomaaa.com dashboard to confirm if you indeed have any active plans or pending charges.

2. Review Purchase History: Check your email for any purchase confirmations or receipts from Neomaaa.com, which would indicate a paid transaction rather than a free trial enrollment. Gemsmantra.com Reviews

3. Contact Neomaaa.com Support Immediately: If you believe you were incorrectly charged or wish to inquire about discontinuing any form of trial or commitment, reach out to their support channels:

   • WhatsApp
   • Livechat
   • Discord via #support-tickets
   • Email:
   • Support Center: Check their FAQs for any relevant information on refunds or account management, though “free trial cancellation” is unlikely to be listed.

4. Understand “Risk-Free Demo Account” in Context: The phrase “risk-free demo account funded by NeomAAA” refers to the fact that you are not risking your own trading capital during the evaluation phase. However, you are risking the challenge fee you paid to access that demo account and participate in the evaluation. This is a critical distinction.

Ethical Perspective on “Trials” and Engagement

Even if a “free trial” were available, the underlying concerns about the nature of Forex and Futures trading from a permissible standpoint would remain.

Engaging in any activity that could lead to interest, excessive speculation, or gambling-like behavior, even on a trial basis, is best avoided.

The best “cancellation” in this context, and one that aligns with ethical principles, is to: Not-toys.com Reviews

• Avoid any further engagement with platforms promoting such high-risk, potentially impermissible financial instruments.
• Redirect your efforts towards learning and implementing truly permissible and ethical methods of income generation and investment.

Since a traditional free trial does not appear to be offered by Neomaaa.com, the focus should be on understanding the upfront payment model and, if ethical concerns arise, ensuring no further fees are incurred and moving towards permissible alternatives.

Neomaaa.com vs. Other Prop Firms: A Comparative Ethical Analysis

When comparing Neomaaa.com with other proprietary trading firms like FundedNext and FTMO, it’s essential to look beyond just the superficial metrics like profit split or lowest account fee and delve into the ethical implications of their models.

While they all operate within the prop firm industry, which carries inherent concerns, a comparative analysis can highlight similarities and subtle differences in their offerings.

Key Metrics for Comparison from Neomaaa.com’s website:

Feature	FundedNext	FTMO	NeomAAA
Account Profit Share	80% | 90% with add-on	80%	80% | 90% with add-on
Profit Target	8% / 5%	10% / 5%	6% / 6%
Reset Discount Option	Instant Funded Account	Free Competitions	15%
Jurisdiction	UAE	Czech Republic	UAE
Lowest 10k Account	15K / $99	10K / $155	10K / $99
Challenge Fee Reward	1st Withdrawal	1st Withdrawal	1st Withdrawal
Payout In 24h	Yes	No	Yes
News Allowed	Allowed	Allowed Only on Swing accounts	Allowed
Transparency & Efficiency	No minimum trading days. Accounts up to $400K. Earn a commission based on your trading progress.	–	No minimum trading days. Accounts up to $400K. Earn a commission based on your trading progress.
Freedom for Traders	Trade your way with full freedom — use news trading, EAs, or manual strategies to show success.	–	Trade your way with full freedom — use news trading, EAs, or manual strategies to show success.

Ethical Implications Across Firms

1. Underlying Instruments Forex, Futures, Cryptocurrencies:

   • Commonality: All three firms NeomAAA, FundedNext, FTMO cater to trading highly leveraged instruments like Forex, Futures, and often Cryptocurrencies.
   • Ethical Issue: The primary concern across all these platforms is the nature of these financial instruments. They often involve riba interest through overnight swaps in Forex, and gharar excessive uncertainty due to their highly speculative and leveraged nature. The lack of physical asset exchange or genuine risk-sharing in many derivative contracts makes them problematic from an ethical finance perspective.
   • Verdict: All three share this fundamental ethical challenge due to the products they facilitate.

2. “Funded Account” Misconception: Oryxphoto.com Reviews

   • Commonality: Like NeomAAA, most prop firms, including FundedNext and FTMO, typically offer simulated “funded accounts.” The firm doesn’t put its actual capital at risk through your trades in the live market. Instead, they profit from the high failure rates of challenges and pay out a percentage of simulated profits.
   • Ethical Issue: This can be misleading, as it creates the impression of genuine capital allocation when it’s primarily a performance-based payout from evaluation fees.
   • Verdict: All three likely operate on this model, making direct comparisons on this point less relevant as a differentiator.

3. Profit Targets and Drawdowns Pressure and Gambling-like Behavior:

   • Comparison: NeomAAA’s profit target 6% / 6% is slightly lower than FTMO’s 10% / 5% and FundedNext’s 8% / 5%. Lower targets might seem easier, but coupled with strict drawdowns, the pressure remains intense.
   • Ethical Issue: The aggressive profit targets and tight drawdown limits across all firms inherently push traders towards high-risk, high-reward strategies, which can morph into gambling-like behavior. The focus shifts from sound risk management and ethical investment to simply hitting numbers to avoid account termination and qualify for “funding.”
   • Verdict: All firms, by design of their challenge structure, encourage speculative and potentially harmful trading habits.

4. Jurisdiction UAE vs. Czech Republic:

   • Comparison: NeomAAA and FundedNext claim UAE jurisdiction, while FTMO is in the Czech Republic.
   • Ethical Issue: While UAE jurisdiction might imply a closer adherence to Islamic finance principles in other contexts, for prop firms dealing with Forex and Futures, the underlying nature of the product overrides geographical location. A firm based in a region with Islamic finance traditions might still facilitate impermissible activities if its core product involves riba or gharar.
   • Verdict: Jurisdiction alone does not purify the financial activities if the underlying business model involves impermissible elements.

5. Cost of Entry and Refund Policies:

   • Comparison: NeomAAA and FundedNext have a lower entry fee for a 10k account $99 compared to FTMO $155.
   • Ethical Issue: A lower entry fee might make it seem more accessible, but if the probability of failure remains high, it’s still a significant waste of funds on a problematic activity. The refund policies typically tied to first withdrawal mean most participants will lose their fees.
   • Verdict: All firms, regardless of price point, are fundamentally selling access to a high-failure-rate challenge, not guaranteed income.

Overall Ethical Conclusion

From an ethical perspective, there is little to differentiate NeomAAA, FundedNext, and FTMO in terms of fundamental permissibility. All these firms:

• Promote and facilitate trading in instruments Forex, Futures, Cryptocurrencies that frequently involve riba and gharar.
• Encourage highly speculative and potentially gambling-like behavior due to their challenge structure profit targets, drawdowns.
• Operate on a model where the firm primarily profits from evaluation fees and trader failures, rather than genuinely investing capital based on shared risk and reward.

Therefore, instead of choosing between these firms, the more ethical approach is to avoid them altogether and seek out genuinely permissible and productive avenues for financial growth and wealth generation. Focus on ethical entrepreneurship, direct investment in Shariah-compliant businesses, or real estate, where value creation and ethical principles are paramount. Opensmarttech.net Reviews

Frequently Asked Questions

Neomaaa.com is a proprietary trading firm prop firm that offers traders the opportunity to participate in evaluation challenges to qualify for “funded accounts,” allowing them to trade with simulated capital and earn a profit split.

How does Neomaaa.com’s “funded account” work?

Neomaaa.com’s “funded account” is typically a simulated demo trading account.

Traders who pass an evaluation challenge are granted access to this account, and if they generate profits in the simulated environment, Neomaaa.com pays them a percentage of those profits, usually up to 90%.

Is Neomaaa.com legitimate?

Neomaaa.com operates as a prop firm, a business model that exists in the trading industry.

However, the legitimacy for a discerning individual depends on understanding that “funding” is often simulated, and the high failure rates mean most participants do not earn a profit. Carlfriedrik.com Reviews

What are the main challenges on Neomaaa.com?

Neomaaa.com offers “1 Step” and “2 Step” evaluation challenges, requiring traders to hit specific profit targets e.g., 6-8% while staying within strict daily and maximum drawdown limits e.g., 4% daily, 6-8% max.

What are the fees for Neomaaa.com’s challenges?

The fees vary based on the simulated account size and plan type.

For example, a $10,000 account might cost around $99, while larger accounts like $100,000 can be priced at $488.

Can I get a refund if I fail a Neomaaa.com challenge?

No, generally.

Neomaaa.com, like most prop firms, typically only offers a refund of the challenge fee if a trader successfully passes the evaluation and makes their first withdrawal from the “funded” account. If you fail, the fee is usually not refunded. Leinummer.de Reviews

What trading platforms does Neomaaa.com support?

Neomaaa.com supports MetaTrader 5 MT5, TradeLocker, and cTrader.

Availability may depend on your account type and region.

Can I trade Forex on Neomaaa.com?

Yes, Neomaaa.com allows trading a wide range of Forex pairs majors, minors, exotics as well as commodities, indices, and cryptocurrencies.

Are there any restrictions on trading hours on Neomaaa.com?

Yes, trading is unavailable during weekend market closures and scheduled maintenance periods.

Some assets may also have limited availability based on market hours or platform rules.

Does Neomaaa.com allow news trading or EAs Expert Advisors?

Yes, Neomaaa.com explicitly states that news trading and the use of EAs Expert Advisors are allowed, offering “full freedom” for traders.

What is the profit split offered by Neomaaa.com?

Neomaaa.com offers a profit split of 80%, with the potential to reach 90% with add-ons or specific plan types.

How often can I request payouts from Neomaaa.com?

For funded accounts, payouts can typically be requested after 30 days for 1-step plans and 14 days with add-on for 2-step plans, provided minimum profit and trading day requirements are met.

Does Neomaaa.com offer instant funded accounts?

Yes, Neomaaa.com offers “Instant Funding” plans, which seem to provide immediate “funding” but typically come with different profit splits e.g., 70/30 and drawdown rules.

What is the maximum daily drawdown on Neomaaa.com?

The maximum daily drawdown is typically 4% of the initial balance or peak equity for most challenge types, and 3% for Instant Funded plans.

What is the overall maximum drawdown on Neomaaa.com?

The overall maximum drawdown ranges from 6% to 8% depending on the plan type e.g., 7% for 1 Step, 8% for 2 Step, 6% for Instant Funded.

What is the minimum trading days requirement on Neomaaa.com?

For most challenge plans, the minimum trading days requirement is 4 or 5 days to pass an evaluation phase.

Does Neomaaa.com operate in the U.S. or other restricted countries?

Yes, Neomaaa.com states they provide services in the U.S., Venezuela, and Cuba.

However, they do not operate in countries like Pakistan, Sudan, Somalia, Iran, Lebanon, Syria, Libya, and Vietnam.

How do I contact Neomaaa.com support?

You can contact Neomaaa.com support via WhatsApp, Livechat on their website, Discord via #support-tickets, or email at .

Does Neomaaa.com offer any discounts?

Yes, Neomaaa.com mentions offering “Reset Discount” options e.g., 15% for re-attempting challenges and advises checking their social media channels or Discord for active promotions.

What happens if my Stop Loss isn’t executed at the set level on Neomaaa.com?

Neomaaa.com explains that Stop Loss execution can be affected by high market volatility, leading to “slippage” where the Stop Loss is filled at the next available price.

This is attributed to market conditions, not broker error.

0.0 0.0 out of 5 stars (based on 0 reviews) Excellent0% Very good0% Average0% Poor0% Terrible0% There are no reviews yet. Be the first one to write one. Your review Your overall rating Select a Rating5 Stars4 Stars3 Stars2 Stars1 Star Title of your review Your review Your name Your email This review is based on my own experience and is my genuine opinion. ​ Submit Review

Amazon.com: Check Amazon for Neomaaa.com Reviews Latest Discussions & Reviews: