NewForex is this a scam? Review and Customers Reviews

NewForex is a startup Forex broker operating in online trading since 2013. The company is focused on the international market, covering almost 150 countries of the world, has official representational offices in London, Hong Kong, Moscow and Dubai. The main target of its business the broker consider the high quality of services. The stepped-up customer focus is commended by broker users. The safe trade on favorable terms, reliable software – all this made the company a success, let it find its audience.

And yet, is NewForex a scam or a respected company you can trust to? We answer this question in the broker detailed review.

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Terms of trade with NewForex

Thanks to NewForex it’s easy to start your way in the fascinating world of the financial trading opportunities: the trader faces the minimal market entry threshold, trading with no spreads or with the fixed ones at option, the best swaps, the wide range of tools, automated trading, hedging, a great number of bonus offers and contests.

The particular attention is given to continuous growth, implementation of new technologies making trading more effective. The broker prepared everything for Forex trading to be easy and safe due to application of up-to-date software, trusted data centers, secure data transmission channels. The safe and functional work in financial markets involves the use of the best – so the broker chose the time proved terminal MetaTrader 4, the most popular around the world, distinguished by simple interface, further capabilities for technical analysis performance and strategies test, able to serve millions of traders at a time. МТ4 fits perfectly for any training level: it has all tools required both for newcomers and professional market players.

There is a large number of free training materials available on the official website (articles, webinars, videos, forum). The latest daily analytics prepared by professional company staff is the inherent trading element: to get income, you are supposed to be up to speed on the market dynamics and so on. One factor underlying the broker success is its members, which know the ropes. Traders may apply to 24/7 support, ask any questions for trading terms and service and be sure that the will get the quality information. The fact that the quick customer service is not a formal approach, but something much more important, is the company specific feature and calling card.

Deposit and withdrawal

For comfortable trading NewForex provides its user with the convenient deposit and withdrawal procedures. To make the deposit, you need to sign up by broker, contribute the sum after you chose the appropriate way for the money transfer (minimal deposit – 1$) of the extensive list of payment systems:

• Bank transfers,
• Credit and debit cards (VISA, MasterCard),
• Electronic payment systems (WebMoney, NETELLER, QIWI, Skrill etc.).

The funds for trading become available instantly after payment. The withdrawal is possible for authenticated and verified traders.

Complaints about NewForex

Despite of the fact that the broker is yet a very startup, there are the references about it in Internet already and they differ. At that, there are much more positive comments inspiring confidence. More often than not the following things are pointed as strength: the openness and transparency of the broker providing the latest analytics, specific trading regulations, steady terminal operation, timely technical support operation, favorable trading terms, (no comission, fixed spreads, minimal entry threshold), bonuses, quick transactions completion, helpful forum materials, option to trade advisers.

Among negative moments users point the lame connection with the server, long support service responses, terminal deadlocks. Besides there is the NewForex representative Anna Mon working on forums assisting users in resolving their issues. Please point that there are enough negative comments in Internet, too, which look more like «paid», as their reality isn’t confirmed after manager specified requests.

For you not to have issues with the broker, ask your account manager about the most accurate terms for account verification, bonus use, trading regulation and withdrawal aspects. The company is yet a startup, it still needs to win its audience, which means there will be more references and now it’s early to reach conclusions.

Is NewForex a scam?

Despite of NewForex to be among the startup brokers today and its capabilities in trading yet to be shown, it already managed to put its best foot forward and win the users confidence. There is enough references about the broker in Internet, most of them are positive, which describes it well. The company’s representative works on forums actively and properly, assisting users in resolving their emerged issues. There is also a great number of references in Internet, which seem to be a «paid» spam, as their authors don’t provide the information about themselves.

The user is engaged in Forex trading by broker, the customers point its reliability, favorable trading terms (fixed spreads, low entry threshold etc.) – all this also describes well the successful startup company, distinguishing it from scam artists (truth about Forex). Setting its paramount goal the provision of the updated and safe service NewForex meets it successfully, proving its concern on establishing itself firmly in the financial services market, build with the user the relationship of trust.

On a separate note is the application of MT4 trading terminal, which fits both for newcomers and professional traders, providing not only further trading capabilities, but also performance safety and stability with no system failures. Bonuses, affiliate program, helpful demo account operations, quick registration, training materials, up-to-date analytics, which helps you to get income, – these things were also commended by users and prove the well considered policy of cooperation with user, unlike fly-by-night brokers.

The informative official NewForex website presents the maximum information: about the company, terminal, accounts, trading terms, bonuses, certification. The possession of a license is an essential step of the company towards the user trust. Shall we consider NewForex a scam lottery? We believe it’s early to reach any conclusions at this stage the company, but any trader may protect himself dealing with his account manager properly.

NewForex broker regulator

NewForex is officially registered in Belize, has the license for brokerage activity FSC BVI (№ SIBA/L/14/1082), securing the safe and trouble proof trade.

• Check the license FSC BVI on NewForex website

NewForex bonuses

Any trader of the company may get 2 types of bonuses:

• Bonus+30%

The gainful broker bonus will let you get extra 30% to each replenishment sum. You may take advantage of the offer several times, there are no limitations for amount of funds, which the trader plans to contribute, this let you get more bonuses. Please ask your account manager about the bonus conditions.

• Bonus+10%

The gainful broker bonus will let you get extra 10% to deposit for 3 references about the company. The maximal bonus amount is 100$, it is credited no matter of trading to be effective or not, and may be withdrawn under conditions. Please ask your account manager about the bonus conditions.

Summary

The trading Forex broker NewForex is one of the startup, but quite successful companies, which started its way in trading very rapidly, certainly may claim for the leadership. The provision of the up-to-date service, reliable software, safe operation, along with the professional support service, analytics and training materials – there is everything to suggest that the broker makes its work a success, setting goals and meeting them skillful and effective. A great number of positive references is also the evidence of the properly chosen development strategy. Users point the steady terminal operation, easy trading etc., which commands the company.

The company’s representative works on forums actively, proving that the broker is concerned about the customers’ opinion. It is to be hoped that the company, which successfully started in the financial services market, will keep its rapid growth, traders will face favorable contests, new trading options. It is also true that NewForex didn’t yet have chance to shine, it’s early to consider it a fraudulent company. Yet the traders’ references we expect relating to this review, may not only change the broker’s ratings, but caution market players against possible troubles, too.