www.newtradefx.com has been flagged by AMF (France) for "Unauthorised". Category: Forex 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.newtradefx.com.
The so-called education at www.newtradefx.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 over a year thinking they would help me learn.
Pros: Quick verification|Two-factor authentication|Fast execution
Cons: Minimum deposit could be lower
Where do I even begin with www.newtradefx.com? for about three months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Good mobile app|Demo account available
Cons: Mobile app could be improved|None so far
The only good thing about www.newtradefx.com is that they remind you why regulation matters. I found them after attending a webinar they hosted. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Two-factor authentication|Easy withdrawals|Customizable dashboard|Comprehensive tools
Cons: Slow to add new assets|Spreads widen during volatile periods
KYC with www.newtradefx.com 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: Dividend tracking|Good mobile app|No hidden fees
Cons: Cannot customize dashboard fully
Do not be fooled by the professional-looking website. Behind the scenes, www.newtradefx.com is disorganized and incompetent. I found them through a forum discussion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Market news feed|Detailed reporting
Cons: Desktop app not available on Linux|No phone support on weekends
After since I opened my account last year with www.newtradefx.com, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Customizable dashboard|Regular platform improvements
Cons: Nothing significant