Newage Tradex (newage-tradex.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: newage-tradex.com.
I have been trying to close my account with Newage Tradex (newage-tradex.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Clear documentation|Risk management tools|Detailed reporting|Excellent charting
Cons: No live chat on mobile|Limited social trading features
I signed up with Newage Tradex (newage-tradex.com) from a blog post comparing services and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Social trading features|Real-time alerts
Cons: Alert system is basic|Inactivity fee applies after 12 months
Newage Tradex (newage-tradex.com) locked my account without warning and demanded documents I had already submitted. since early this year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Low minimum deposit|Great customer service|Fast execution|High security standards
Cons: Would like more payment methods
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Newage Tradex (newage-tradex.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Comprehensive tools|Clean UI|Smooth onboarding
Cons: Nothing significant
I had high hopes for Newage Tradex (newage-tradex.com) after doing extensive research, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Responsive team|Fast execution
Cons: No phone support on weekends
My withdrawal request from Newage Tradex (newage-tradex.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Regular updates|Economic calendar
Cons: Wait times can be long during peak hours
The so-called education at Newage Tradex (newage-tradex.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about five months thinking they would help me learn.
Pros: Multi-currency support|Portfolio tracking tools
Cons: Spreads widen during volatile periods|Minor UI glitches occasionally