Score

1.36 /10
Danger

NEW RIVER

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.87

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

NEW RIVER DEVELOMENT CO. LIMITED

Company Abbreviation

NEW RIVER

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
NEW RIVER · Company summary

Note: NEW RIVER's official website: https://newriverco.com/ is normally inaccessible.

NEW RIVER Information

NEW RIVER is an unregulated brokerage company registered in the United Kingdom. While the broker's official website has been closed, so traders cannot obtain more security information.

NEW RIVER Information

Is NEW RIVER Legit?

NEW RIVER is not regulated, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.

Is NEW RIVER Legit?
Is NEW RIVER Legit?

Downsides of NEW RIVER

  • Unavailable Website

The website of NEW RIVER is inaccessible, raising concerns about its reliability and accessibility.

  • Lack of Transparency

Since NEW RIVER does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

NEW RIVER is not regulated, which is less safe than a regulated one.

Negative NEW RIVER Reviews on WikiFX

WikiFX contains a huge amount of broker information. Traders can come here to find broker information and compare different brokers.

Negative NEW RIVER Reviews on WikiFX

Currently, there is only one piece of NEW RIVER exposure about withdrawal difficulty and 2 neutral comments that express induced fraud and cannot withdraw.

Exposure. Cannot withdraw

ClassificationUnable to Withdraw
Date2022-10-13
Post CountryHong Kong, China

You may visit: https://www.wikifx.com/en/comments/detail/202210136432556751.html.

Conclusion

NEW RIVER Since the official website cannot be opened, traders cannot get more information about security services. In addition, the unregulated status and unregistered domain name indicate that the broker's trading risks are high. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investments and compliance with legal standards. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

User Reviews

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User comment

5

Comments

Write a review

lyy4319
more than one year
I would strongly caution against investing with New River and recommend exploring alternative brokers with proven regulatory credentials for a safer trading experience. Ensuring the security of your funds should be a top priority in the financial markets.
I would strongly caution against investing with New River and recommend exploring alternative brokers with proven regulatory credentials for a safer trading experience. Ensuring the security of your funds should be a top priority in the financial markets.
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2023-12-08 10:27
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FX1544317459
more than one year
The inaccessibility of the official website and reports of difficulties in fund withdrawals indicate potential issues with the platform. It is crucial for investors to prioritize safety and choose brokers with valid regulations to protect their funds and investments. Considering the available alternatives with established and well-regulated platforms is a safer approach for traders.
The inaccessibility of the official website and reports of difficulties in fund withdrawals indicate potential issues with the platform. It is crucial for investors to prioritize safety and choose brokers with valid regulations to protect their funds and investments. Considering the available alternatives with established and well-regulated platforms is a safer approach for traders.
Translate to English
2023-12-07 19:16
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0
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