NEWFX review
NEWFX review: regulation (No), minimum deposit 500, leverage up to 1:500, platforms and current bonuses. Compare the latest forex bonuses, trading…
Trading conditions
- Broker type
- STP/ECN
- Minimum deposit
- 500
- Maximum leverage
- 1:500
- Minimum spread
- 0.0 Pips
- Platforms
- MetaTrader 4 (MT4), Mobile MT4, Web Platforms and More Trading Platforms
- Instruments
- Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures, ETFs
- Account currencies
- EUR / USD / GBP
Bonuses
- No deposit bonus
- No
- Welcome bonus
- 100% Forex Welcome Bonus
- Other promotions
- 100% Forex Tradable Bonus
Accounts and features
- Demo account
- Yes
- Islamic account
- Yes
- Swap-free
- Yes
- Mini account
- Yes
- VIP account
- Yes
- Managed account
- Yes
- Segregated funds
- Yes
- Hedging and scalping
- Yes
- News trading
- Yes
- Mobile trading
- Yes
- Web trading
- Yes
Deposits and withdrawals
- Deposit methods
- Bank transfer, credit card, Skrill, Neteller, WesternUnion, UnionPay, Bitcoin and More
- Withdrawal methods
- Bank transfer, credit card, Skrill, Neteller, WesternUnion, UnionPay, Bitcoin and More
Company
- Regulation
- No
- Founded
- 2020
- Country
- United Kingdom
- Address
- 33 Cavendish Square, Marylebone, London W1G 0PW, United Kingdom
- Publicly traded
- Yes
- Website languages
- English
- Phone
- +357 2209 0674
- Email or Skype
- [email protected]
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NEWFX pros and cons
Pros
- Regulated by No
- Raw spreads from 0.0 Pips
- Scalping and hedging allowed
- Swap-free Islamic accounts available
- Free demo account
- Trading platforms: MetaTrader 4 (MT4), Mobile MT4, Web Platforms…
Cons
- No no-deposit bonus at the moment
- Leverage up to 1:500 magnifies losses as well as profits
- Conditions and bonuses can differ by regulated entity
NEWFX FAQ
Is NEWFX a safe and regulated broker?
NEWFX was founded in 2020 and is regulated by No. Client funds are held in segregated accounts. Your protection depends on which NEWFX entity opens your account.
What is the minimum deposit at NEWFX?
The minimum deposit at NEWFX is 500. Payment providers may set their own minimum amount.
What is the maximum leverage at NEWFX?
NEWFX offers leverage up to 1:500. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.
Does NEWFX offer a no deposit bonus?
No. NEWFX does not currently offer a no deposit bonus. It offers a welcome promotion: 100% Forex Welcome Bonus. See our forex no deposit bonus list for brokers that do.
Which trading platforms does NEWFX offer?
NEWFX supports MetaTrader 4 (MT4), Mobile MT4, Web Platforms and More Trading Platforms. Mobile trading is available.
Does NEWFX allow scalping, hedging and news trading?
Yes. Scalping and hedging are allowed, and news trading is allowed.
Does NEWFX offer an Islamic (swap-free) account?
Yes. NEWFX offers swap-free Islamic accounts with no overnight swap charges.
Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.
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NEWFX at a glance
- Reader rating4 / 5 (2961 votes)
- RegulationNo
- PlatformsMetaTrader 4 (MT4), Mobile MT4, Web Platforms and More Trading Platforms
- Account currenciesEUR / USD / GBP
- LanguagesEnglish
- Phone+357 2209 0674
- Email / Skype[email protected]
- Fax+357 2209 0674
- Head office33 Cavendish Square, Marylebone, London W1G 0PW, United Kingdom