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Is it possible to deposit funds into my NEWRGY IMEX account using cryptocurrencies such as Bitcoin or USDT?

Broker Issues
NEWRGY IMEX
Deposit
Withdrawal
06-19
United States
WikiFX
Reply

As an experienced forex trader, I approach all brokers with careful scrutiny, especially when there are persistent red flags. With NEWRGY IMEX, I note an extremely high level of risk that cannot be ignored. My deep dive into user reports reveals countless complaints about lost funds and withdrawal blocks, with numerous victims describing how they were instructed—often by individuals with pseudonyms like Eva Li—to transfer funds via cryptocurrency, including USDT. In these cases, users not only deposited their money using crypto, but were also coerced into paying hefty “taxes” in digital currencies, only to have the platform freeze their accounts and abscond with the money. From my perspective, while it seems technically possible to deposit funds—USDT being explicitly mentioned in several firsthand accounts—the process appears to have been weaponized as part of repeated scams. Unlike reputable, regulated brokers, NEWRGY IMEX has no recognized oversight, offers little transparency, and now has an inaccessible website. Under these circumstances, using cryptocurrency channels with this broker offers virtually no recourse if things go wrong, a risk I would never accept. Even if deposits were possible in the past, the overwhelming evidence of blocked withdrawals and disappeared funds makes any further engagement extremely inadvisable for me or anyone prioritizing financial safety.

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