A full-relativistic approach is used to compute the radius of the innermost stable circular orbit (ISCO), the Keplerian, frame-dragging, precession and oscillation frequencies of the radial and vertical motions of neutral test particles orbiting the equatorial plane of a magnetized neutron star. The space-time around the star is modelled by the six parametric solution derived by Pachón et al. (2012). It is shown that the inclusion of an intense magnetic field, such as the one of a neutron star, have non-negligible effects on the above physical quantities, and therefore, its inclusion is necessary in order to obtain a more accurate and realistic description of physical processes, such as the dynamics of accretion disks, occurring in the neighbourhood of this kind of objects. The results discussed here also suggest that the consideration of strong magnetic fields may introduce non-negligible corrections in, e.g., the relativistic precession model and therefore on the predictions made on the mass of neutron stars.