NEWTOWN Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-10-23 18:12Abstract：NEWTOWN was founded by Newtown Capital Global Limited in the United Kingdom in 2024. It offers various trading assets, like Forex, Stocks, Cryptocurrencies and CFDs. Besides, its leverage is up to 1:500. However, it is not regulated.
Note: NEWTOWN's official website: https://www.newtownc.com is currently inaccessible normally.
| NEWTOWNReview Summary | |
| Founded | 2022 |
| Registered Country/Region | United Kingdom |
| Regulation | Not regulated |
| Market Instruments | Forex, Stocks, Cryptocurrencies, CFDs |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 0.6 pips |
| Trading Platform | cTrader |
| Min Deposit | / |
| Customer Support | Email: support@newtownc.com |
| Address: Unit 1804, South Bank Tower, 55 Upper Ground, London England SE1 9EY | |
NEWTOWN was founded by Newtown Capital Global Limited in the United Kingdom in 2024. It offers various trading assets, like Forex, Stocks, Cryptocurrencies and CFDs with leverage up to 1:500 and spread from 0.6 pips via the cTrader platform. However, it is not regulated.
Pros and Cons
| Pros | Cons |
| Various trading assets | Limited account types |
| Low spreads | Not regualted |
| Lack of transparency | |
| Relatively new |
Is NEWTOWN Legit?
FCA, the UK's local financial authority, shows no information about NEWTOWN. Besides, NEWTOWN also claims it was regulated by the National Futures Association (NFA). But the website of NFA also has no results of it.
What Can I Trade on NEWTOWN?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| CFDs | ✔ |
| Metals | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
NEWTOWN only provides a single account type: Standard account.
Leverage
The leverage of NEWTOWN is up to 1:500. Note that high leverage comes with not only high returns but also high losses.
Spreads and Commissions
NEWTOWN's spread starts from 0.6 pips, butthe commission is not mentioned.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
| cTrader | ✔ | Android, IOS and Windows | Experienced traders |
Deposit and Withdrawal
NEWTOWN accepts deposits through credit cards, debit cards, and bank transfer.
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