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Independent rating of Forex broker NewForex

6/10 (votes 100)

On-line since
2014
Country of origin
Россия
Regulation
BVI Financial Services Commission (Certificate No. SIBA/L/14/1082 for FinPark Ltd.)
Payment options
Visa, Master Card, Skrill, WebMoney, Qiwi, Yandex Money, AlfaClick Bank transfer
Minimum account size
$1
Minimum lot size
0.01
Leverage
1:1000
Spreads
от 2 пунктов
The NewForex broker founded in 2014 has offices in more than 150 countries of the world, including Moscow, London, Dubai, and Hong Kong. During its operation, the broker has proved to be a reliable partner that provides its customers with quality service. Investors can trade the following assets: 25 currency pairs, metals (gold and silver), and CFDs on shares of 28 companies. NewForex does not charge any commissions and fees. Besides, it offers fixed spreads from 2 points. To process orders, the broker uses an instant execution type.
A broad range of its trading solutions are suitable for both experienced traders and beginners in the Forex market. Customers have access to scalping, advisors, hedging, as well as Islamic accounts. Trading with the company is conducted through the most popular trading platform MetaTrader 4.


NewForex offers two types of trading account which correspond to a certain type of trading. An MT4 First Stream account with a minimum deposit of $1 will be perfect for beginners of the financial market. Experienced traders will see value in an MT4 New Grade account. This account requires a larger deposit, but its owners receive interest of 2.5% per annum credited to their free margin.
NewForex runs contests and various campaigns, as well as gives bonuses on a regular basis. For example, one of the broker's special offers is a 30% bonus on every deposit.
The company pays particular attention to training of its customers as well as provides them with analytical reviews and the latest economic news. The broker's support service is available 24/7.
The Feedback section will help you make an objective assessment of the NewForex company.


Advantages:
Low minimum deposit.
No commissions and fixed spreads.
A 30% bonus on every deposit.
Instant execution of orders.
Appropriate for options trading.

Comments

Author: Nelson Date: 2021-01-14 01:05:07 (UTC+3)
I am a loyal NewForex user. Since 2016 I have chosen this broker for trading. Our trading is not always going well, because there are technical things that traders must pay attention to. Even when lost, we cannot completely blame the broker. We have to understand and make notes ourselves to avoid the same problem, and we make sure that in the future it will not be repeated. And of course, we must already know the risks we have.
Author: Estela Date: 2021-01-13 03:36:41 (UTC+3)
Throughout my trading journey at NewForex, I was never disappointed. Their platform is of high quality and the trading fees are reasonably low. There are just some incidents when the charts would be delayed but the good thing is that they fix it right away.
Author: Soshi Date: 2021-01-05 07:46:06 (UTC+3)
I used about five different brokers in the past and so far NewForex has the best execution I have seen absolutely surprised at speed of servers. I running an EA on GBP/USD pair and it has been trading more since I moved it to NewForex. Zero spike, yes that true, it’s hard to trust but their servers and pricing feed is excellent. My every order has been filled the exact price that I wanted. I recommend NewForex broker.
Author: Jaycette Date: 2020-12-30 04:04:13 (UTC+3)
Entering the Forex market is no joke. I was honestly very nervous when I decided to start an account but I am grateful no NewForex because they made it easier for me to get used to the market and adjust accordingly. With their user-friendly website and trading platforms, I did not struggle to get a hold of what is happening. Before I know it, I am already trading comfortably.
Author: Ivanova Date: 2020-12-29 01:46:08 (UTC+3)
My trading experience has always been pleasant at NewForex. The platforms have good quality and easy to use, the customer support is easy to contact and helpful. The trading cost is low. Also, the withdrawal and deposit system is efficient. I have nothing to complain about NewForex because of their good trading platform quality and service, I have a stable income now. I will keep trading with them for sure.
Author: Jones Date: 2020-12-22 12:57:47 (UTC+3)
NewForex Broker's service is encouragable and their platform is solid execution with a live price quote, their spread is fixed too, as I can be doing scalping trading in the market and till now I can manage $550 profit. Besides I have found the best signals, analytical tools, and EA trading facility. All major news and analysis on the trading platform, which needs a scalper. Really I am satisfied with NewForex broker.
Author: Serxhio Date: 2020-12-15 06:00:35 (UTC+3)
I have been with NewForex for a few years now. I am receiving the 30% bonus on my deposits but I want to warn you that there might be times when you will not receive it. Some are complaining about it but it is clearly stated in the terms and condition that the broker has the right to not give the bonus. That is exactly why it's a bonus! It is not their obligation. Besides, they are generous enough already and the whole trading experience is excellent.
Author: Ferdius Date: 2020-12-10 01:19:35 (UTC+3)
My profit is around $1400 a month and the withdraw process is easy without any commission. I had two times positive slippage. Support is always ready to prove all necessary information. I applied stop loss and take profit system to control the loss and it really worked with their MT4 trading platform. It is recommended to try out this broker for those who is still looking a platform for forex trading activities. Newforex has very precise timelines, so there is no time lag in trading.
Author: Yikvan Date: 2020-12-09 06:46:19 (UTC+3)
Overall, my experience with NewForex is better than I expected. As a beginner, I was able to adjust easily because their tools and platforms are easy to understand. Although, I noticed that there are times when the charts are not synced with the market. It doesn't really affect the trades too much; I just really noticed the delays.
Author: Kalasta Date: 2020-12-07 08:15:04 (UTC+3)
I have opened a live account with NewForex eight months ago with $1200. First 4 months traded continuously and I earned good profit. Even every month I withdraw profits on average $300 without any bother. Due to my family matter, I didn't trade for last 3 months. So last month while I tried to login on trading platform I was unable to login. Instantly I contact with their customer support and they told me that my account is archive due inactivity and instantly they active my account. After login my client cabinet my account I found my balance is increased because of adding 5% interest regularly. This is call honest broker, pleased with NewForex brokerage.

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