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United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|


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+44 77 2387 6639
33 Cavendish Square, Marylebone, London W1G 0PW, United Kingdom


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

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Contact number


+44 77 2387 6639

Broker Information


Company Name

New Finance LLC

Company Abbreviation


Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away!
Previous Detection : 2023-12-06
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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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.


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.


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).


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:, 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.


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.

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

User Reviews

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3-6months NEWFX I apologize in advance for spelling errors more or less 10 months ago I put my number on a site to invest in Amazon, I was contacted by you, who immediately asked to invest in amazon and if there was a way to do something automatic without taking time away from my family, I the girl immediately said yes ... she asked me how much she wants to invest, I replied 250 I was, she tells me if you can get to 500 you would have given me 750 ... I said okay .... made the first transfer .. .then he tells me that Manuel, his manager, would contact me shortly for a chat ...ok after a few minutes she called me kind and friendly he tells me if I had put in another 2000 euros you would have given me 5000 so I could operate more even though I had told them that I just wanted to invest in amazon and I had time for this type of thing ... but I trusted ... and I made the 2nd transfer that she had me followed by one of her best brokers Cristian and asked me for my trading objective, I answered them 150-200 euros a month to get rid of some whim from my daughter Cristian calls me and has 12 small protected operations done to show me how it works I told them that I just wanted to invest in Amazon, he replied that Amazon needs a few months to see any results, I replied I'm not in a hurry .... but nothing after a few days he contacted me and told me that there was an investment that he thought was very profitable (bitcon) but I had to invest another
2023-09-19 21:30
more than one year
A very young broker, no contents at all. This broker only presents some account types and minimum deposit requirements, which is anywhere near enough for me.
2022-12-13 19:30
more than one year
Indeed, NEWFX offered a wide selection of account types, but I didn't find one that suited me. Why no demo accounts? Why no mini accounts? Why minimum deposit is so high?
2022-12-05 18:33
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