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New Win FX

Saint Vincent and the Grenadines|2-5 years|
MT5 Full License|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://newwinfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
NewWinFx-DEMO MT4
Server Location France

Contact

Support@Newwinfx.com
https://newwinfx.com/
uite 305, Griffith Corporate Center, Beachmont, Kingstown St. Vincent and the Grenadines Business

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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1G

40G

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Broker Information

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Company Name

New Win FX LTD

Abbreviation

New Win FX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0541075) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • United StatesNFA (license number: 0560914) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0541075)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0560914)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

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New Win FX · WikiFX Survey

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New Win FX · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

New Win FX Review Summary in 10 Points
Founded 2013
Registered Country/Region Saint Vincent and the Grenadines
Regulation Not regulated
Market Instruments Spot Indices, Commodities, Forex, Indices, Cryptocurrencies, Metals, Stocks
Demo Account Not specified
Leverage 1:500
EUR/USD Spread Start from 0.0 pips
Trading Platforms New-Win Trader
Minimum Deposit 0
Customer Support Email, Live chat, Online Messaging, Postal Address

What is New Win FX?

New Win FX is a global brokerage firm based in Saint Vincent and the Grenadines. It offers trading services in various market instruments, including Spot Indices, Commodities, Forex, Indices, Cryptocurrencies, Metals, Stocks. However, it is important to note New Win FX currently has no valid regulations.

New Win FX

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Wide range of trading instruments across multiple asset classes • Not regulated
• Generous leverage up to 1:500 • No MT4/5 trading platforms
• Various account types to suit different trading needs • Not accept clients from some countries
• Multiple payment methods supported
• No minimum deposit requirement

New Win FX Alternative Brokers

There are many alternative brokers to New Win FX depending on the specific needs and preferences of the trader. Some popular options include:

  • TD Ameritrade- TD Ameritrade is a well-established broker with a wide range of investment options, comprehensive research tools, and a user-friendly platform, making it suitable for both beginner and advanced investors.

  • Axi- Axi is a reputable broker known for its competitive pricing, diverse range of tradable instruments, and robust trading platforms, catering to the needs of both retail and institutional traders.

  • BlackBull Markets- BlackBull Markets is a trusted broker offering competitive spreads, fast execution, and a range of trading accounts, making it a popular choice for traders seeking a reliable and transparent trading environment.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is New Win FX Safe or Scam?

New Win FX currently has an unauthorized regulatory status by United States NFA (National Futures Association), license no. 0541075, this may raise concerns about the legitimacy and safety of the platform. When a brokerage operates outside the regulatory boundaries or has an abnormal regulatory status, it suggests a lack of oversight and compliance with industry standards. This can increase the risks associated with trading, including the potential for fraudulent activities or the inability to seek legal recourse in case of issues or disputes. It is advisable to conduct thorough research and due diligence before engaging with any financial platform to safeguard your funds and ensure a safe trading experience.

NFA license

Market Instruments

Users of New Win FXhave access to market instruments including Spot Indices, Commodities, Forex, Indices, Cryptocurrencies, Metals and Stocks.

Forex trading involves the buying and selling of different currencies in pairs, with the aim of profiting from the fluctuations in their exchange rates. Traders can engage in trading major currency pairs such as EUR/USD, GBP/USD, USD/JPY, as well as minor and exotic currency pairs.

Moreover, New Win FX allows clients to trade cryptocurrencies, which is a digital or virtual currencies that use cryptography for secure transactions and control the creation of new units.

Stocks, also known as shares or equities, represent ownership in a company, is also available with New Win FX. When you own stocks in a company, you become a shareholder and have a claim on a portion of the company's assets and earnings.

Clients of New Win FX also have the opportunity to trade metals which are a group of rare and valuable metals that have significant economic and industrial importance. These metals are known for their inherent rarity, beauty, and resistance to corrosion.

Furthermore, indices are also available in New Win FX platforms. It represents a statistical measure of the performance of a specific group of assets, such as stocks, bonds, or commodities. It serves as a benchmark or reference point for tracking the overall performance of a particular market or sector.

Finally, clients can choose to participate in commodities contracts. Commodities refers to trades in crude oil and energy. Prices usually follow basic economic concepts, with a reduction in supplies leading to higher prices and a glut, to lower prices.

Market Instruments
Market Instruments

Accounts

New Win FX offers a range of account types to cater to different trading preferences and capital levels.

The account types include STANDARD (A) with a minimum deposit requirement of USD 20 and STANDARD (B) with a minimum deposit requirement of USD 50. These accounts are designed to accommodate traders with smaller capital sizes.

For more experienced and professional traders, New Win FX provides the REAL PRO account, which requires a minimum deposit of USD 500. This account offers advanced trading features and potentially lower trading costs.

Traders looking for tighter spreads can opt for the RAW SPREAD account, which requires a minimum deposit of USD 1,000. This account type aims to provide traders with direct market access and competitive pricing.

New Win FX also offers the PAMM & SOCIAL TRADE account, which allows traders to participate in PAMM (Percent Allocation Management Module) and social trading. The minimum deposit for this account is USD 100.

Lastly, the STANDARD NWT account is available with a minimum deposit requirement of USD 10. This account type may be suitable for traders who want to start with a small initial investment.

Anyway, it's important for traders to carefully consider their trading goals, risk tolerance, and account requirements before selecting an account type that aligns with their needs.

Accounts

Leverage

New Win FX provides a high leverage ratio of 1:500 for its accounts. This means that traders can control positions in the market that are up to 500 times larger than their initial capital. Such a high leverage ratio offers the potential for substantial gains on even small price movements. However, it's important to note that trading with high leverage also comes with increased risk. While leverage can amplify profits, it can also magnify losses, potentially leading to significant financial consequences. Traders need to exercise caution and employ effective risk management strategies when utilizing high leverage.

Spreads & Commissions

New Win FX offers different types of trading accounts, each with its own specific features and cost structure.

The STANDARD (A) account comes with a spread starting from 0.5 pips, although the specific commission details are not provided.

Similarly, the STANDARD (B) account offers a spread starting from 0.5 pips and features a multi-level IB (Introducing Broker) commission structure with a maximum of 14 levels.

The REAL PRO account provides tighter spreads, starting from 0.2 pips.

For traders seeking the lowest spreads, the RAW SPREAD account offers spreads starting from 0.0 pips. However, it incurs a commission starting from $3.5 per lot size.

The PAMM & SOCIAL TRADE account type comes with a spread starting from 0.5 pips. Notably, there is no commission charged for this account, and there is also no swap overnight.

Lastly, the STANDARD NWT account offers a very tight spread starting from 0.1 pips and does not involve any commissions.

It's important for traders to carefully consider the spread and commission structure when selecting an account type, as these factors can impact trading costs and profitability.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread (pips) Commissions (per lot)
New Win FX from 0.5 (Std) Variable (depending on account)
TD Ameritrade average 1.5 Variable
Axi average 0.4 Variable
BlackBull Markets average 0.6 Variable

Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

Trading Platforms

New Win FX offers traders the New-win Trader platform, which is available on various devices including Windows, iOS, and Android. New Win Trader Platform Data Feeds is a kind of in-house developed platform which provides the low latency price streams for FX, Indices, Commodity, Equities and Cryptocurrencies. All price streams are generated in the fast-Matching Engine and it allows all Forex market participants to access sources of FX, CFD and Crypto instruments in the fastest possible way. It also covers multiple equity markets from Europe, USA and Asia.

With this platform, your trading request will be executed even if the application is closed. Open positions can be modified by changing Stop Loss and Take Profit order levels in order to set your profit or minimize your losses.

As a client of New Win FX, traders can expect to access the New Win Trader platform to manage their trades efficiently and participate in the financial markets.

New-win Trader
Broker Trading Platforms
New Win FX New-win Trader platform
TD Ameritrade thinkorswim
Axi MetaTrader 4, MetaTrader 5
BlackBull Markets MetaTrader 4, MetaTrader 5

Trading Tools

New Win FX provides a range of trading tools to help its clients in their trading activities.

Market analytics, including trends of each trading pair, which can provide valuable insights into market movements and potential trading opportunities.

Signal services are also available, it provides trading signals generated by experienced analysts. These signals can be used as a reference for identifying potential entry and exit points in the market.

New Win FX also offers access to an economic calendar, which highlights important economic events and their potential impact on the financial markets. This calendar helps traders stay updated on key economic indicators and plan their trades accordingly.

Economic news updates are provided to keep traders informed about the latest developments in the global economy. This can help traders understand the factors influencing market movements and adjust their strategies accordingly.

Trading Tools

Deposits & Withdrawals

New Win FX offers its clients multiple options for deposits and withdrawals. They accept deposits and withdrawals through various methods, including:

Local Bank Transfer (Instant): Clients can conveniently transfer funds to and from their trading accounts using local bank transfer services. This allows for quick and seamless transactions within the supported regions.

Credit Card (Instant): Clients can use their credit cards to make instant deposits into their trading accounts. This provides a convenient and widely-used method for funding their accounts.

Wire (5 Days): Wire transfers are also accepted for deposits and withdrawals. While this method typically takes around 5 days for the transaction to be processed, it offers a reliable way to transfer larger amounts of funds.

Crypto (USDT, BTC) - Instant: New Win FX supports cryptocurrency deposits and withdrawals, specifically USDT (Tether) and BTC (Bitcoin). This option allows clients to utilize the speed and security of blockchain technology for instant transactions.

It's important to note that processing times and any associated fees may vary depending on the specific payment method and the client's location. New Win FX does not cover any exchange rates charged if trades deposit in a currency that is different to that of their bank funds.

Moreover, specific information regarding withdrawal fees is not provided. For accurate details about withdrawal fees, it is recommended to refer to the broker's website or contact their customer support. They will provide the necessary information regarding any applicable withdrawal fees or charges.

Deposits & Withdrawals

Customer Service

New Win FX offers customer support through various channels.

For inquiries or assistance, traders can reach out to their customer support team via email at Support@Newwinfx.com.

Additionally, New Win FX provides a 24/7 live chat option, allowing traders to engage in real-time conversations with a support representative. This live chat feature ensures that assistance is available round the clock to address any urgent concerns or queries.

Furthermore, New Win FX offers an online messaging system where traders can fill out a form with their inquiries or concerns. This allows traders to communicate their specific questions or issues in detail and receive a personalized response from the support team.

In addition, you can also get in touch with them by post as below:

Postal Address:

New Win FX Ltd. Office 981182-184 High Street North, East HamLondon E6 2JA. UK.

However, direct phone contact information is not available yet for this broker.

Customer Service
Pros Cons
• Accessibility • No direct phone contact
• Multi-channel support • Quality and Expertise

Note: These pros and cons are subjective and may vary depending on the individual's experience with New Win FX customer service.

Conclusion

According to available information, New Win FX is a non-regulated Saint Vincent and the Grenadines-based brokerage firm. While the firm has some experience in the industry and offers a range of market instruments such as Forex, Cryptocurrencies, Metals, Indices, Stocks and Commodities, it is important to consider certain factors such as lack of regulations that may raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from New Win FX before making any investment decisions.

Frequently Asked Questions (FAQs)

Q 1: Is New Win FX regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: At New Win FX, are there any regional restrictions for traders?
A 2: Yes, New Win FX LTD does not provide services to residents of Afghanistan, Cuba, Iran, North Korea, Sudan, Syria, Ukraine, USA.
Q 3: Does New Win FX offer demo accounts?
A 3: No.
Q 4: Does New Win FX offer the industry leading MT4 & MT5?
A 4: No. It offers New-Win Trader platform on Windows, iOs and Android devices
Q 5: What is the minimum deposit for New Win FX?
A 5: The minimum initial deposit to open an account is $0.
Q 6: Is New Win FX a good broker for beginners?
A 6: No. It is not a good choice for beginners. It has an unauthorized regulatory status by the United States NFA. This lack of proper regulation raises concerns about the broker's adherence to industry standards and investor protection.

User Reviews

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Jenniee
more than one year
Hey, New Win FX is totally on point when it comes to spreads and account options! They've got a wide range of spreads that are super competitive, and the account types are so versatile, it's like they've got something for everyone. Whether you're a beginner or a pro, you can find something that fits your style and budget.
2024-07-12 17:42
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0
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FX1483014107
more than one year
Been trading with New Win FX and I'm pretty stoked. They offer massive leverage and the spreads are super tight, which is great for my trades. Super easy to get started and I can even trade from my phone, which is perfect when I’m on the move.
2024-06-04 14:17
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0
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Benneat
more than one year
I Have used this broker for many years, I get my withdrawals between 2-5 days, a lot of great features, only problem is read t&cs b4 joining cause I had got my account banned.. Other than that its a great broker
2024-04-19 12:18
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0
0
FX1640157678
more than one year
I made a deposit of $100 with my Visa card into my live trading account on the 19th of July 2023 and made some trading profits and decided to withdraw $50 through my Visa card as refund on the 28th of July 2023. I was told withdrawal may take up to 10 working days of which I waited until 11th August 2023 and the money has not been credited into my account. I contacted their live support to complain and follow up on it of which they apologized and told me to wait another 24 to 48 hours of which did but didn't receive anything.
2024-03-14 09:38
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0
0
fghjdfghj
more than one year
I must say, navigating the intricacies of intraday trading is challenging enough without being bogged down by technical glitches. Thankfully, the adept tech team at New Win FX has been instrumental in guiding me through those rough patches.
2024-02-27 17:55
1
0
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純爺們
more than one year
Hi, every trade is more or less about risk, risk is profit... whether at this broker or somewhere else. When trading, you need to keep a calm mind, each trade bears its risks, and there is no success without risk, success depends on the level of risk and the importance of the broker is customer support, it is at a good level.
2023-03-16 17:58
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0
0
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