www.newcfds.com has been flagged by AMF (France) for "Unauthorised". Category: Produits_dérivés_sur_crypto-actifs 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.newcfds.com.
www.newcfds.com offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Clean UI|Easy withdrawals|Regular updates|Competitive fees
Cons: Slow to add new assets|Help articles are sometimes vague
After since I retired last year with www.newcfds.com I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Full transparency|Great customer service
Cons: Desktop app not available on Linux
Opened my account with www.newcfds.com after seeing their ad online and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Regular updates|Quick verification|Tax reports included|Segregated accounts
Cons: Withdrawal takes 1-2 business days|None so far