NewForex.com Review
3.197 •
26 REVIEWS
Out of business
Updated: Apr 1, 2024
•
NewForex is a forex broker. New Forex offers the MetaTrader 4 and mobile forex trading top platform. NewForex.com offers over 20 forex currency pairs, commodities and cfds for your personal investment and trading options.
December 2017: NewForex has announced that clients are being transferred to ForexMart.
April-July 2016: Multiple highly suspicious and fake positive reviews submitted for NewForex.
Website is down. Company seems to be out of business.
Out of business
3.197 •
26 REVIEWS
Recent User Reviews of NewForex.com
Olenk
Indonesia,
Dec 31, 2017,
Registered user
Just News
My Account : 8915267
This News from their website
http://www.newforex.com/about_us/news/details/4265#.WkjMJTuYNkg
Transferring clients balances from NewForex to ForexMart
Posted on December 30, 2017, 20:53 PM
Dear NewForex clients.
We would like to inform you, that NewForex broker was purchased by broker Forexmart, which has EU regulations. Thus all of NewForex clients balances will be transferred to Forexmart broker trading account.
To transfer your funds to Forexmart account you must to:
1. Register an account with Forexmart broker and verified the account. New FM trading account must be in the same currency, as the one you had in NF (If you have a micro account, then open the micro, if you had standard trading account, then open, please, the standard account with broker ForexMart).
2. To inform NewForex support-service support@newforex.com with the number of the current trading account with NewForex broker and the number of the new trading account with Forexmart broker.
All of the information will be checked, then your funds will be transferred to Forexmart account.
You will be able to withdraw your funds only from trading account with Forexmart broker.
This News from their website
http://www.newforex.com/about_us/news/details/4265#.WkjMJTuYNkg
Transferring clients balances from NewForex to ForexMart
Posted on December 30, 2017, 20:53 PM
Dear NewForex clients.
We would like to inform you, that NewForex broker was purchased by broker Forexmart, which has EU regulations. Thus all of NewForex clients balances will be transferred to Forexmart broker trading account.
To transfer your funds to Forexmart account you must to:
1. Register an account with Forexmart broker and verified the account. New FM trading account must be in the same currency, as the one you had in NF (If you have a micro account, then open the micro, if you had standard trading account, then open, please, the standard account with broker ForexMart).
2. To inform NewForex support-service support@newforex.com with the number of the current trading account with NewForex broker and the number of the new trading account with Forexmart broker.
All of the information will be checked, then your funds will be transferred to Forexmart account.
You will be able to withdraw your funds only from trading account with Forexmart broker.
A
aiban
United Kingdom,
Jun 12, 2017,
Registered user
hello,
when I requested for some fund in my account, New forex team said Unregulated profit cancelled, please do anyone in this forum knows what that is
when I requested for some fund in my account, New forex team said Unregulated profit cancelled, please do anyone in this forum knows what that is
Review moderation team note
We are not familiar with the term "unregulated profit".
J
John
Kenya,
May 24, 2017,
Guest
i get no response when i try to get in touch with newforex. please advise
My acc No:7077173
i deposit 29.68 usd on my wallet (USD91697701) bt it doesn't reflect.
y?
i deposit 29.68 usd on my wallet (USD91697701) bt it doesn't reflect.
y?
S
Silsilia Indah
Solo, Indonesia,
Jan 19, 2017,
Guest
I am Happy to join wit broker Newforex
I am happy to join with Newforex broker because the broker is providing rapid execution, so I can smooth transaction. I hope broker Newforek the better to serve traders, so that the broker can be a favorite broker
eerwann
Brunei Darussalam,
Nov 29, 2016,
Registered user
money deposited stolen by newforex
29/11/2016,I made a $30 deposit via payco gateway by using mastercard to NEWFOREX account but still not credit to balance.I sent many support tickets but no response.I regret for using thie service.I should have read other comments before making any deposit to this company.
Reply by Anna Mon submitted Jan 18, 2017:
Hello! I would be very grateful if you are more precise in your reviews. What is the reason for such conclusions? Could you, please, provide your trading account number to confirm that you are really NewForex client. We work honestly and are always ready to discuss openly any situation with our client.
Evand
Madiun, Indonesia,
Nov 21, 2016,
Registered user
Scam or not?
Hi,
In Newforex my acct. is 7086655 MT4 First Stream.
I start trading in Newforex with bonus $50 acct.
With hard work finally i be able to gain profit and be able to WD some of the money after deposited the account. My 1st WD attempt is to WD all my money int that acct., but it was canceled. And the ballance is decreased by $74.62. I try to contact finance and all they said is "Your withdrawal request was not approved due to breaching of trading rules. The profit from non-regulatory trades was cancelled." So after that my 2nd WD is to WD the rest of my money from that acct. and it wet well. I received my payment to my pay.co acct. within 3 days.
So i just want them to explain what is that "non-regulatory trades" mean. Because there is no rule in this document https://my.newforex.com/assets/pdf/action_bonus_welcome_english.pdf. I emailed finance 3 times a day still got no reply till now.
This is the prove of my acct. history. I have the image but no upload button here.
12334912 2016-11-16 15:33:23 debit ?ancel cheating profit -7462.12
Thank you for respond.
In Newforex my acct. is 7086655 MT4 First Stream.
I start trading in Newforex with bonus $50 acct.
With hard work finally i be able to gain profit and be able to WD some of the money after deposited the account. My 1st WD attempt is to WD all my money int that acct., but it was canceled. And the ballance is decreased by $74.62. I try to contact finance and all they said is "Your withdrawal request was not approved due to breaching of trading rules. The profit from non-regulatory trades was cancelled." So after that my 2nd WD is to WD the rest of my money from that acct. and it wet well. I received my payment to my pay.co acct. within 3 days.
So i just want them to explain what is that "non-regulatory trades" mean. Because there is no rule in this document https://my.newforex.com/assets/pdf/action_bonus_welcome_english.pdf. I emailed finance 3 times a day still got no reply till now.
This is the prove of my acct. history. I have the image but no upload button here.
12334912 2016-11-16 15:33:23 debit ?ancel cheating profit -7462.12
Thank you for respond.
Reply by Anna Mon submitted Jan 18, 2017:
You need to study this document http://www.newforex.com/assets/pdf/regulations_of_transactions_english.pdf . You had many violations of the rules. As I know the Finance Department told you about it.
dste
kenya, Kenya,
Oct 24, 2016,
Guest
I have an account there.I invested 10$ and wanted to practice but i then decided to withdraw through neteller which I used to deposit and my transaction has not been processed for 8 days.We Kenyans are watching closely to know if newforex is a worthy broker or a bucket shop who have poor withdrawal systems or scam people with money.I have a few friends in kenya who have accounts and also in east africa and are watching closely to gauge your reputation.Kindly confirm my transaction or else I contact the regulator and this won't go on well.Thank you
Reply by Anna Mon submitted Jan 18, 2017:
All the funds are withdrawn according to regulations. Read them, please. Perhaps you have not fulfilled a necessary condition to withdraw money.
M
mays79
Indonesia,
Sep 22, 2016,
Registered user
i get the NDB account.... the way that i can to withdrawal the profit on my account any 2 way they Cs inform to me:
1. make deposit equal with ballance
2. get the minimum lot with calculation ballance x 0.07 = lot required.
i was get the required lot on my NDB account but now they're ask me to deposit to....
very" bad trick... is this NDB scam ????
1. make deposit equal with ballance
2. get the minimum lot with calculation ballance x 0.07 = lot required.
i was get the required lot on my NDB account but now they're ask me to deposit to....
very" bad trick... is this NDB scam ????
Reply by Anna Mon submitted Sep 26, 2016:
Hello! Could you, please, stop this groundless discredit of NewForex. Selecting bonus account you agree to the terms on which it is granted. Perhaps you had not read them. All bonus terms are provided on the website. Everything is fair and transparent. According to the conditions of the promotion “Welcome!”, to withdraw bonus and profit received from trading only with bonus funds it is required to transfer credit funds into balance. The transfer of credit funds into balance is performed in 2 steps.The first step — a deposit of the bonus account with the amount not less than the Bonus ($50) plus profit received from trading with bonus funds. The second step is making not less than 50 trades with the total volume, measured in lots. A formula which counts the number of lots you need to trade is bonus + profit x 0.07 = number of lots. For example, your profit is $10. You should count in US cents: 5000 usc (bonus)+1000 usc ($10 profit) = 6000x0.07=420 lots. When the total volume of trades reaches 420 lots, all funds on the bonus account become available for any transactions, including bonus and profit. For details, please, see point 7 of the Agreement. Statistics are available in the PersonalAccount: My accounts - My Bonuses - Promotion “Welcome!” - Detailed. The system starts counting trades and lots as soon as the first minimum required deposit of the bonus account is made.
Best regards, Anna Mon, NewForex spokesperson
Best regards, Anna Mon, NewForex spokesperson
B
bobrabat
Surabaya, Indonesia,
Sep 7, 2016,
Registered user
Right now I make profit form trading in Newforex and they pay my withdrawal. Didn't have any issues just like the other. For information, avoid Arbitrase or also trading balance if you want to have smooth transaction with Newforex. Otherwise read all their FAQ related with their service. Many trader make mistake in doing trade that make they have problem when withdrawal.
N
Newkris
Klaten, Indonesia,
Sep 7, 2016,
Guest
When I joined the broker Newforex, I was impressed with the speed of execution, execution is very fast in this broker. Broker Newforex awarded: the best execution, ShowFx World in 2015, it is no wonder if I can get a price I want, so I can trade with ease. I hope trading with broker Newforex my trading results can be satisfactory