France’s regulators warned investors that Netotrade along with the other brokers are not regulated. Previously UK regulators in June 2013 also warned investors about the netotrade forex broker. This time it is the france regulators.
Although anyone can trade with an unauthorized and unregulated broker but the risks should be beard by the trader and they can not file any dispute with any regulatory body. It means at the time of fraud or scam traders can not request authorities like FCA or any other entity to get back the funds from a particular broker.
So it is adviced to stay away from unregulated forex broker and always trade with regulated brokers such as etoro broker and others. You can find several simply by searching in google with the following keywords.
regulated forex brokers list
list of regulated borkers