NewForex

Operational Since:

2014

Country where domiciled:

Belize

International offices:

UK, United Arab Emirates, China, Russia

Regulation:

YES - FSC - BVI "Finpark Ltd"

Broker Status:

Independent broker -

Broker Type:

Market Maker

US Clients Accepted:

Average Monthly Volume In USD:

Source To Prove Volume:

BROKER WEBSITE

Accounts

Mini Account:	YES	Minimum Deposit ($US):	$1
Standard Account:	YES	Minimum Deposit ($US):	$10
ECN Account:	NO	Minimum Deposit ($US):	-
VIP Account:	NO	Minimum Deposit ($US):	-
MT4 First Stream:	YES	Minimum Deposit ($US):	$1
MT4 New Grade:	YES	Minimum Deposit ($US):	$10
N/A:	YES	Minimum Deposit ($US):	N/A
Base account Currencies offered:	USD, EUR

Leverage

Maximum Leverage for Mini Account:	1000/1
Maximum Leverage for a Standard account:	700/1
Maximum Leverage for an ECN account:	-
Maximum Leverage for a VIP account:	-
Maximum Leverage for MT4 First Stream:	1000/1
Maximum Leverage for MT4 New Grade:	700/1
Maximum Leverage for N/A:	N/A

Lot Size

Minimal lot size for a Mini account:	0.01	Increments:	-
Minimal lot size for a Standard account:	0.01	Increments:	-
Minimal lot size for an ECN account:	-	Increments:	-
Minimal lot size for a VIP account:	-	Increments:	-
Minimal lot size for MT4 First Stream:	0.01	Increments:	-
Minimal lot size for MT4 New Grade:	0.01	Increments:	-
Minimal lot size for N/A:	N/A	Increments:	N/A

Payment Options

Deposit Options:	Visa, MasterCard, WebMoney , YandexMoney, QIWI, AlfaClick Bank , Skrill , PayCo
Withdrawal Options:	Visa, MasterCard, WebMoney , YandexMoney, QIWI, AlfaClick Bank , Skrill , PayCo

Products

Products for Mini Account:	FX, Metals and CFDs
Products for Standard Account:	FX, Metals and CFDs
Products For ECN Account:	---
Products For VIP Account:	---
Products for MT4 First Stream:	FX, Metals and CFDs
Products for MT4 New Grade:	FX, Metals and CFDs
Products for N/A:	---

Spread & Commission

Commission:	NO	Account:	-
Commission Fees:	NO
Spread type (Fixed,Variable):	Fixed	Accounts:	MT4 First Stream , MT4 New Grade
Spread on EURUSD on a Mini account:	2.0 pips Fixed
Spread on EURUSD on Standard account:	2.0 pips Fixed
Spread on EURUSD on ECN account:	-
Spread on EURUSD on VIP account:	-
Spread on EURUSD on MT4 First Stream:	2.0 pips Fixed
Spread on EURUSD on MT4 New Grade:	2.0 pips Fixed
Spread on EURUSD on N/A:	N/A

VIP Benefits

Premium Trading Conditions For VIP Clients Both Retail And Institutional:	NO
Premium Trading Conditions Offered:	-
Briefly describe main Advantages:	-

Trading Terms

News Trading:	YES
Mirror/Social Trading:	NO	Mirror Trading Providers:	-
Scalping:	YES
Hedging:	YES
Expert Advisors:	YES
Trading platforms available:	MT4 (Desktop/Mobile/iPhone/iPad/iPod touch/Android)
Trading platform's Time zone:	GMT+3
Decimal Pricing:	4 Digits
Execution:	Both - Market and Instant execution	Accounts:	-
Total Number Of Liquidity Providers:	10
ECN/STP Liquidity Provider:	NO
ECN/STP Working With:	NO
Trailing Stops:	YES
OCO Orders:	NO
One-Click Execution:	YES
Mobile Trading:	YES
Web-Based Trading:	YES
API Solutions:	NO
Currency Pairs Total:	32	Exotic Pairs Included:	-
Gold, Silver:	Both
Oil:	NO
CFD’s:	YES
MAM/ PAMM solutions For Fund Managers:	NO
Managed Account Services For Investors:	NO
Swap-Free Accounts:	YES
- Available To Anyone:	YES
- Islamic Clients:	NO
- Restrictions Applied:	NO
Segregated Accounts:	NO
Interest On Unused Margin:	YES
Bonuses Or Rewards:	YES
Trading Contests:	YES
Binary Options:	NO
Spread Betting:	NO
Trading On Bitcoin:	NO
Affiliate Program:	YES
Affiliate Programs Offered:	CPA and Revenue Share
Conditions For Affiliates:	- Standard partners commission is 1 pip of spread for a lot, i.e. $10 USD for EURUSD lot. - Commission can be withdrawn without any limits (like mininum commission\referal amount and etc) at any time. - Commission can be transfered on Visa, Mastercard, Skrill, Webmoney, PayCo, Qiwi, YandexMoney, Alfa Click in 1-2 work days. - All statistics are available in partners cabinet - awards, referals, usage or referal link. - You get personal manager and assistance with affiliate program.
Awards won:	NO

10 customer reviews

5 out of 5 stars

From 4 to 5

10
From 3 to 4

0
From 2 to 3

0
From 1 to 2

0
From 0 to 1

0

Platform - Performance, Usability

0%
Pricing - Spreads, Fees

100%
Features - API, News Service

0%
Support - Fund Options, Integrity

0%

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Cyril Mélançon

Public Review

1 rating

1 helpful voted.

Good broker

7 years ago.

Broker Review - Overall

I trade with Newforex for a year and a half. I opened a dollar account and I usually withdraw 600 - 700$ per month via webmoney. Also I get 30% deposit bonus. Funds withdrawal usually takes 1 - 2 days. Orders execute instantly, the terminal works fine, fixed spread. Newforex is reliable company.

Broker Advantages

Bonuses, instant execute, good withdrawal's time

Overall Trading Experience

2 year live

Trading Experience with this Broker

1,5 year live

Pricing - Spreads, Fees
100%

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Thomas Thomas

Public Review

1 rating

I use a Newforex service for a 6 months

7 years ago.

Broker Review - Overall

I use a Newforex service for a 6 months. I like trading conditions of this company. The newforex has a fixed spread for clients, orders are executed correctly, also you can hedge your deals. When I have questions, I call to support, they always help me to understand the situation. Work with Newforex nice and comfortable.

Overall Trading Experience

1 year live

Trading Experience with this Broker

6 months live

Pricing - Spreads, Fees
100%

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Mujtaba Mujtaba

Public Review

1 rating

I trade with a Newforex for 6 months

7 years ago.

Broker Review - Overall

Hello. I trade with a Newforex for 6 months. I have a good opinion about company. I chose this company because it offers the possibility to get a no deposit bonus 50 dollars. This is the real money that you can use to trade and then withdraw. It’s a very useful bonus. I like everything in this company. Trade, support, withdrawal - everything works well. Newforex is a good company.

Overall Trading Experience

2 years 2 months

Trading Experience with this Broker

6 months live

Pricing - Spreads, Fees
100%

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Henri Jan

Public Review

1 rating

I’m with NewForex since autumn last year

7 years ago.

Broker Review - Overall

I’m with NewForex since autumn last year. I trade mostly with euro, yen and pound and also lately with Canadian and Australian dollar. Low spread, it’s very convenient. What’s important they didn’t change stops artificially, some brokers have problems with this. Depositing is almost instant, withdrawals too, around one day to get money on the card. I withdrew different sums, usually via skrill. Here they offer 100% for deposit. It increases deposit and you can open bigger. About gains… I have different amounts. But I have profit, otherwise I wouldn’t trade. I withdraw up to 500$ in 2 weeks.

Overall Trading Experience

3 years live

Trading Experience with this Broker

1 year live

Pricing - Spreads, Fees
100%

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Enzo T.

Public Review

1 rating

Good company NewForex

7 years ago.

Broker Review - Overall

Good company. NewForex trading conditions are similar with other brokers. Trading in MT4, different account types, wide range of trading instruments - currency pairs, metals, CFD. But there is difference in attitude to clients. It’s important that there is no obtrusiveness, help always comes on time. Among positive points - a lot of promotions and competitions, funds withdrawal very fast. I trade with them for a year ½. Speaking in general about my experience of working with NewForex, I’m content with them as a client. Thanks to them I trade and make at least 2000 bucks a month.

Overall Trading Experience

5 year live

Trading Experience with this Broker

1 year live

Pricing - Spreads, Fees
100%

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