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No valid regulatory information, please be aware of the risk!
I have $8492.08 in limbo=stolen
New website was launched, https://user.newkht.info/login, I even tried to withdraw but they made an excuse of the hard fork, its already have been over a month since ETH had a fork, but you can still deposit? Doesn't that sound strange? Luckily the funds were still there, but weeks later, funds were traded and depleted with a negative balance. My understanding MT5 does not allow margin trading to go below a certain amount, it automatically cancels. There should aways be positive funds.New website, there is no history of your past trades, just all of the sudden someone decided to trade for you and funds are gone.
When I realized their website was down then I knew something was wrong which is why I had to make consultations with the right authorities on the next step. Their digital footprint and the financial transactions made to them were all tracked and the actions that allowed this to happen is represented in my proof of deposits and others.
There is no way to log in, and the money is also gone. I have been contacting the customer service to withdraw the money. The system has been upgraded for a long time.
I made a withdrawal request on the 14th of September but it was rejected once, so I reapplied on the 16th although it showed that it was completed, the money did not
The fraud broker NEW KNIGHT GROUP LIMITED trades on the MT5 platform, and uses the foreign exchange to deposit funds. When applying for withdrawal, the only contact method on the Internet is LINE online customer service. Although the so-called official website is registered in Australia, it does not have any Formal enterprise tax number, business address or contact information, the only contact is the email. According to the information query bundled in MT5, it is an online company address from Hong Kong, that is, the APP can be copied at any time in high yield. The so-called "referrals" don't give you time to search for information when they take you, and will downplay the hidden black dealers. Just to tell you that NEW KNIGHT is just a currency exchange company, all funds are controlled in the NEW KNIGHT account, not MT5. When the application amount is large, they are all rejected, and they are told to pay more security deposit before they can unfreeze the funds. It is undoubtedly a bottomless pit and a black account. met a liar. When the relationship between them is sorted out, it is too late. At the same time as the tricks of the liar are constantly updated, either do not do it, it is necessary to spend time to identify it.
Founded in 2007, NEW KNIGHT GROUP LIMITED is a financial brokerage firm registered in Sydney, Australia, with its branches in the United States, Vanuatu and Hong Kong. NEW KNIGHT GROUP LIMITED boasts that it provides access to various trading instruments thorough the MT5 trading platform, and the minimum deposit to start with this forex broker is as high as $1000.
Please note that NEW KNIGHT GROUP LIMITED does not hold any regulatory license to show it operates legally.
In the FAQ section, NEW KNIGHT GROUP LIMITED says that the minimum deposit is 1000 USD, which is absurdly high. most licensed brokers offer more affordable terms for novice traders, including Starter account with a minimum initial deposit of 100 USD or even less.
NEW KNIGHT GROUP LIMITED offers flexible trading leverage from 1:100 to 1:200, generous offering yet with high risk.
Leverage may increase potential risks on one hand, but it can cause serious fund losses, especially to experienced traders. So, it is wise for them to choose the safe leverage ratio no more than 1:10.
In NEW KNIGHT GROUP LIMITED MT5 trading platform, we discovered the spread on the EUR/USD pair is starting at 3 pips. However, in the forex industry, a spread over 2 pips is considered wide for forex traders. Furthermore, it is not clear if there are additional commissions for trading.
NEW KNIGHT GROUP LIMITED says it provides easy access to the advanced MT5 trading platform, which is among the most popular trading platforms around the world.
MT5 trading platform features powerful charting tools, multiple technical indicators, as well as EA supported to operate automated trading.
Some traders shared their awful trading experience on the NEW KNIGHT GROUP LIMITED platform, complaining that this forex broker stole this deposited money, and blocked their trading accounts. This broker involves serious withdrawal problems. Come to WikiFX to see the whole story.
Like most scammers, NEW KNIGHT GROUP LIMITED accepts cryptocurrencies as the only payment methods for clients to make a deposit and withdrawal:
Scammers prefer cryptocurrencies because these transactions are not subject to refunds. Legit forex brokers typically work with a series of payment processors, such as Credit Cards, PayPal, Skrill, Neteller, and more.
Worryingly, NEW KNIGHT GROUP LIMITED left its clients nowhere to turn to since no contact information can be found. This can be served as further evidence that this forex broker is just a scammer established purely for extract traders available funds.
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
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