NewForex (newforex.com )

NewForex

NewForex is an Online FX & CFD broker based in British Virgin Islands.

NewForex’s License by BVI FSC

NewForex is licensed by BVI FSC, and you can find the official certificate in NewForex’s Official Website.

*BVI FSC stands for British Virgin Islands Financial Services Commission.

The broker is relatively new as founded in 2013, and already has several official offices in Moscow, London, Hong Kong and Dubai.

NewForex is an honest broker which discloses its company and service information publicly with details.

The broker model is “Market Maker” with “Instant Execution” on MetaTrader4.

*NewForex may not allow certain trading methods on its MT4, as it is a Market Maker broker.

NewForex keeps its positive reviews with very prompt assistants without delays.

Trading Info

NewForex offers Forex pairs, Metals and Stocks through MetaTrader4.

The Maximum Leverage is 1:1000, with NBP fully supported.

☆Point – With NBP “Negative Balance Protection”, your loss is limited to the total deposit amount on NewForex MT4.

The trading cost is only the Fixed Spread from 2 pips and No extra commissions charged.

NewForex MT4 is provided with “Instant Execution”. The broker may allow all kinds of trading methods(including use of EAs, Scalping, Hedging etc) though, your trading activities may need to follow the rules of NewForex.

NewForex offers variety of Deposit methods, and strives to process all withdrawals within 1 business day.

With NewForex, you can earn 2.5% of Annual Interest.

Broker Details
CompanyNewForex
FinPark Ltd
Website newforex.com
Regulation
Founded in2013 (4 years)
Offered Instruments
Business Model
Max Leverage1,000:1
USA clients Not Accepted
JPN clients Accepted
Country BaseLondon
Headquaters 22 Long Acre, Covent Garden, London, WC2E 9LY
Supported Platforms
Support desk
Phone number+44 2037 696 475
Supported LanguageEnglish, Russian
Service Hour24/5
Phone Support Available
Live Chat Available
Callback Available
Japanese Support Not Available
Telephone Order Available

Trading Accounts (2 accounts)

Here are the details of all Forex trading accounts of NewForex.

TitleStandardCent
Account TypeForexForex
Trading PlatformMT4MT4
Minimum Deposit$10$1
Accout CurrencyEURRUBUSDEURRUBUSD
Execution TypeMM
(Instant)
MM
(Instant)
Leverage700:11,000:1
Spread TypeFixedFixed
Minimum Spreadfrom 2.0 pipsfrom 2.0 pips
Trading CommissionN/AN/A
Minimum Trading Lots0.010.01
Maximum Trading Lots100100
Decimal Pricing55
Margin Call %50%50%
Stop Out %30%25%
EA (Automated Trading)AllowedAllowed
ScalpingNot AllowerdAllowed
HedgingAllowedAllowed
News TimeAllowedNot Allowerd
PAMM/MAMN/AN/A
Islamic (Swap Free)OptionalOptional
Interest on Margin2.5% AnnuallyNone

Free 123 USD

5 USD for Free

25 USD for Free

300 USD for Free

100 USD for Free

30 USD for Free

Hercules