New Lines Futures Austria has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: Schwarzenbergplatz 16 1010 Wien This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.newline-austria.com.
New Lines Futures Austria has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Fast support response|Multi-device support|Clear documentation
Cons: Limited social trading features|Minimum deposit could be lower
I joined New Lines Futures Austria after a family member had a good experience and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Economic calendar|Fast execution|Multi-device support
Cons: Spreads widen during volatile periods
KYC with New Lines Futures Austria is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Good analytical tools|Intuitive for beginners|Real-time alerts
Cons: Limited social trading features