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Independent rating of Forex broker NewForex

Broker ceased to exist

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: NuTrader Date: 2022-06-14 06:01:38 (UTC+3)
I opened an account at NewForex 3 months ago. I started with a small capital and then started adding more because I saw how efficient and convenient it was to trade with the NewForex broker. Their trading platform is very easy to use and the trading fees are not high. My account manager is also friendly so I can easily ask him for help when I'm having a bit of trouble with my trades. Their service is has a good quality. NewForex is a trusted broker that I can rely on.
Author: Dante Date: 2022-05-30 08:37:11 (UTC+3)
NewForex is a reliable broker. They are regulated and I can say that they can really be trusted. However, their trading platform is not perfect. It still needs a lot of improvement as it often lags. Delays in order are frequent because of this as well. But in terms of trustworthiness, then this broker is on top of the list.
Author: Rico Date: 2022-05-13 06:54:54 (UTC+3)
I have been trading with NewForex since last year. The trading experience has always been pleasant and comfortable. The platforms have good quality and easy to use, the customer support team is reliable, the most important is their trading cost is low, and the withdrawal and deposit system is efficient. For every trade, I get a profit of more than $500. They are good broker and also profitable. They also don't hide commission, I would recommend NewForex for a good trading experience.
Author: Fabio Date: 2022-04-20 03:16:22 (UTC+3)
I joined NewForex 3 months ago. So far, the trading process is good. The platform is also easy to customize. It is very easy to operate and has quick execution. Here my orders are executed almost instant, and the slippages are low. The price quote is live according to the market, So I am satisfied for smooth, besides their term and condition is fair to me, as it is fixed. I am doing a scalping trade and using an Ea, whose performance is too good. They aren't scam broker, as they are regulations on the market. My profit withdrawal is easy with their local representative within a day. Now I'm happy about the excellent service from NewForex brokers.
Author: Ersha Date: 2022-04-06 01:29:32 (UTC+3)
They execute my options with appropriately. Money withdraw also very easy and quck. I requested for a withdraw a $600 from my profit on 4th March through Skrill and I got my money within same day. I have nothing bad to say about them. Also, I have preferred their advanced charting tools, extensive back-testing options and a wide range of EA too. Till now I have been made $2520 profits without any troubles with them and I had many successful cash withdrawals via wire transfers. That's why NewForex are trusted to me and I am happy with their platform.
Author: Rasha Date: 2022-03-31 00:27:32 (UTC+3)
Till now I have Deposited $400 and almost earned $450. My profit withdrawn is so easy via Neteller, which take 4 hours. Really I am pleased with NewForex broker. Their policy and rules are very transparent. Last months I opened up several GPB/USD, and GBP/JPY sell orders during the Brexit concern I made $355 and some trades are still running and the account balance is $760. Today mooring I withdraw $450 form my profit via Neteller and they send it within hours. I am very happy with their service. I will update my review if anything happens in the future.
Author: Duddy Date: 2022-03-17 06:26:32 (UTC+3)
So far, I'm enjoying my trading with NewForex. My trading is going as usual, have faced a problem during trading but it's normal and not significant, also their support team solved the problem fastly. The trading conditions also good. The platform is easy to use and has an instant executions. I still trading with NewForex until now, just last week I got a profit but I didn't withdraw it yet. Soon I want to withdraw, I hope that their withdrawal process will be easy and fast as their deposit process.
Author: Juli Date: 2022-03-04 01:30:29 (UTC+3)
At the beginning, I traded in their demo account, and I had good trades. Then, I moved to trade in real account, and my balance continues growing up after earning profits in many times. My profit increased each month, and now I make close to $790 a month. I use also one EA which helps me with the currency trading. The platform MetaTrader 4 works fast in execution and is user friendly. I recommend the broker till now is honest. For EUR/USD I have a nice spread of 0.8 pips. The transfer was made using my Visa Credit Card and was credited within 2 working days. Actually each deposit it takes 2 working days, and also for withdraw, but there is no hidden commission. Sum up, I think New Forex is an ideal broker to trade in forex world.
Author: KellenFX Date: 2022-02-16 06:13:24 (UTC+3)
I don't have much trading experience with NewForex, but overall is good, and NewForex is better than other brokers I've ever traded with. The platform has good quality, great performance, and useful information about trading. Their support team is excellent, reliable and well educated, and they always solve my trading issue immediately. So far, no significant issue has happened. And I still continue my trading with NewForex. NewForex is a recommended broker.
Author: Donna Date: 2022-02-03 04:27:12 (UTC+3)
Spreads are competitive, but depending on Market conditions it can get up to 3.5 on majors. So watch out. Once I tried to request their Equity Bonus, but the rules are quite difficult to understand and volumes informed tor each and get profits is kind of confusing, I wish they could give more details. In a week I can earned profit about $500 to $1000. Meta Trader is the platform I use with this broker that very functional and easy to operated. I highly recommend NewForex for you all. So let's get success trading in this broker. There are no limitations in trading, no tricks, everything is clear and transparent I ever saw. Two week ago I made withdrawals of the amount of $450. I am totally pleased.

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