NewForex (FinPark Ltd)

Notification

We inform you, that NewForex broker was purchased by broker Forexmart, which has EU regulations. Thus all NewForex clients deposits will be transferred to the jurisdiction of the Forexmart broker. To transfer your funds to Forexmart you need to: 1. Close all open positions by December 24, 2017. 2. Register an account with Forexmart and open a trading account in the same currency. (If you have a micro account, then open the micro, if standard, then open, please, the standard account. 3. To inform NewForex support, the number of the current trading account with NewForex broker and the number of the new trading account with Forexmart broker immediately after the closing of all trading positions. All of the data will be checked and your funds will be transferred to Forexmart account.

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.

Service Details

Service Details
CompanyNewForex
(FinPark Ltd)
Regulation
Founded in2013 (5 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

Deposits & Withdrawals

Deposits & Withdrawals
Base Currency Options
Available Crypto-CurrenciesN/A
Deposit Methods
Withdrawal Methods

Support desk

Support desk
Phone number+44 2037 696 475
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 PlatformMetaTrader 4 (MT4)MetaTrader 4 (MT4)
Minimum Deposit$10$1
Accout Currency
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

123 USD for Free

300 USD for Free

30 USD for Free

35 USD for Free

30 USD for Free

25 USD for Free

Partner brands

Hercules.Finance