WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

NEWFX

United Kingdom|2-5 years|
High potential risk|

https://www.newfx.us

Website

Rating Index

Contact

+44 77 2387 6639
cs@newfx.co
https://www.newfx.us
33 Cavendish Square, Marylebone, London W1G 0PW, United Kingdom

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 77 2387 6639

Other ways of contact

Broker Information

More

Company Name

New Finance LLC

Abbreviation

NEWFX

Platform registered country and region

United Kingdom

Company website
Twitter
Facebook
YouTube

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

NEWFX · WikiFX Survey

Users who viewed NEWFX also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

IC Markets Global

9.10
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)
Official website

Decode Global

8.64
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website

IronFX

7.84
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

NEWFX · Company Summary

General Information

NEWFX is allegedly a global STP/ECN forex broker based in Dominic that provides its clients with the industry-standard MeatTrader4 trading platform, leverage up to 1:100, fixed or floating spreads and no commission on over 250 tradable financial instruments, as well as a choice of seven different live account types.

Market Instruments

NEWFX advertises that it offers more than 250 trading instruments across five asset classes in financial markets, including CFDs on forex, indices, commodities, stocks and cryptocurrencies.

Account Types

There are seven live trading accounts offered by NEWFX, namely Basic, Discovery, Silver, Gold, Premium, VIP and VIP+. Opening a Basic account requires the minimum initial deposit amount of $200, while the other six account types with the much higher minimum initial capital requirements of $2,000, $5,000, $10,000, $15,000, $30,000 and $50,000 respectively.

Leverage

The maximum leverage ratio provided by NEWFX is up to 1:100. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Different traders can enjoy quite different spreads. Also, spreads are influenced by what asset classes traders are holding. NEWFX reveals that the default spread for forex is 1:50, for commodities or index is 4%, for stocks is 10%, for cryptocurrency is 100%. However, the spreads beginners or professionals can experience are different. In particular, the spread for forex, commodities, index, stocks and cryptocurrency is 1:100, 2%, 2%, 5% and 50% respectively on beginners, while the processionals can enjoy 1:200, 1%, 1%, 2.5% and 20% separately. All charging no commissions.

Trading Platform Available

When it comes to trading platforms available,NEWFX gives traders Web Trader, Mobile Trader and MetaTrader4. MT4 is the best-known and widely-used trading platform in the world, offering 9 different time frames, technical indicators, one-click trading, automated EAs and more. While with Mobile Trader, trading can be done from anywhere and at any time through the right mobile terminals including Android and iOS.

Trading

Deposit & Withdrawal

NEWFX accepts deposits via credit cards like Visa and MasterCard, bank wire transfers and cryptocurrency of Bitcoin. The minimum deposit requirement for credit cards is € 200, while the maximum deposit amount by credit card is € 50,000 for each calendar month. And the maximum amount per deposit or transaction is $/€ 5,000. The broker says that it charges no withdrawal fees via credit cards, however, a small fee is applied to all bank transfer requests. As for the processing time of deposit and withdrawal requests, deposits via credit cards can be processed in real-time or within one working day; withdrawals with credit cards can take up to one billing cycle for the crediting of funds to the credit card; deposits or withdrawals via bank transfers usually require 1-2 days (domestic) and 3-5 working days (international).

Fees

NEWFX will charge some rollover fees. To be more specific, 0.015% of the overnight exposure for currencies, commodities, indices, shares and ETFs, while 0.05% for cryptocurrency, whether on retail clients or on professional clients.

Customer Support

NEWFXs customer support can be reached through telephone: +44 77 2387 6639, email: support@newfx.co, cs@newfx.co or live chat. Besides, you can also follow this broker on some social media platforms like Facebook, Twitter and YouTube. UK office: 33 Cavendish Square, Marylebone, London W1G 0PW, United Kingdom; UAE office: Trade CentreTrade Centre 2 – Dubai – United Arab Emirates; US office: 1000 NW Street, Mid-Town Brandy Wine, Ste 1200, Wilmington, DE 19801 Delaware, United States.

News

Scam Warning: Investing in NewFX may Put Your Money at Risk

NewsScam Warning: Investing in NewFX may Put Your Money at Risk

2023-03-30 07:51

Are you new to forex trading? Please bear with us while we warn you about the risk of signing up with scam brokers who are always on the hunt.

WikiFX
2023-03-30 07:51
News
Scam Warning: Investing in NewFX may Put Your Money at Risk

Review

0 Comments
Write a comment

No comment yet

Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com