Discuss NewTradeFX.com

[Administrator]

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[loayobeid]

is it real company or its scam

 

[James .H]

Hi I've been with them for almost a year (managed account) and its been going great. I have withdrawn 4 times no problem. I've been scammed a few times so went for this regulated broker who seem pretty solid. All in all I'm satisfied and would definitely recommend them.


Spam Cat says you are lying. You tried to create another forums account from the same anonymous proxy used by Baladax30. NewTradeFx's website only says they are in the process of getting registered with Cysec. The company makes no claim to any currnt regulation.

 

[algonzalez]

Is NewtradeFZ actually regulated, if so in which country and could you please provide evidence.

AMF claims they are not regulated:
AMF - News releases 2015 - AMF

NewtradeFX's website states:

"NewTradeFx is in process to be registered in Cyprus and will be shortly licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC)"

https://www.newtradefx.com/safety-of-funds

 

[highloss]

Is newtradefx regulated by FCA? My understanding is capital market services UK ltd is FCA regulated, not newtradefx though is said covered by capital market services. Not sure if this is legally binding if newtradefx goes bust. Anyone can shed some lights on this? so far anyone has issue of withdrawal? l have been approached by a cold call to trade with them.

 

[Baladax30]

I've been scammed in the pasted a few times- and im very cautious -
I don't know about the trading but im with Newtradefx in their managed account since beginning of 2013 and doing very good.
I withdraw on a semi annual basis the profits with no problem.

Spam Cat says you are lying. NewTradeFx's domain was first registered on April 7, 2014.

 

[algonzalez]

NewTradeFX reports

Hi Baladax30, seems a bit convenient that you have just joined and only posted on this forum.

Are you or anyone else able to share your account statement? Or have their account up on MyFXBook?

I've been receiving bi-monthly reports from NewTradeFX and wanted to compare an actual managed account against their reports. Their reports seem too good to be true.

I've attached January report for everyone to see.

 

[Naz88]

Fake

I am with Newtradefx maneged account from 5 months my account maneger is Dean Price i invested big amount but didn't withdraw any money from this account. when ever I wanted to withdraw they don't answer phone now I'm calling Dean from two weeks he don't answer they opened 3 positions last Thursday but they didn't bother to check my account agian or close the positions they opened from 5 days unprofessional people seating and doing trading c***.

 

[Naz88]

Good

hi
Iam with newtradefx maneged account from 7 months they helped me a lot thank you

 

[algonzalez]

Hi Naz88, why did you change your mind? Were you able to withdraw your money?