Score

1.10 /10
Danger

NG

Hong Kong

Within 1 year

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

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Comparison

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Exposure

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Score

Regulatory Index0.00

Business Index3.82

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

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

Single Core

1G

40G

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Regulatory disclosure

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The China Hong Kong SFC regulation (license number: AJG225) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

NG · Company summary

NEW GALA Securities Company Limited, referred to as 'NG', was established in Hong Kong in 2003. It is an international online provider of indices, precious metals, and related services, all of which are offered without charging commissions. However, there are suspicions regarding the authenticity of its regulatory license.

NG's homepage

Pros and Cons

Pros Cons
High Maximum LeverageSuspicious Clone Regulation
MT4 Trading PlatformLimited Account Type
Multiple Educational ResourcesNo Demo Account
No Commission

Is NG Legit?

The current regulatory status of NG is considered a suspicious clone, which means it may be using the regulatory license of a legitimate company to conduct business, leading you to believe that it is under legal supervision. Before trading with NG, you must be cautious and verify its authenticity.

Suspicious clone SFC license

What Can I Trade on NG?

You can trade commodities and indiceson NG.

Commodities: On NG, the commodities available including oil and precious metals. Crude oil is an important international commodity and financial asset and serves as a hedge against inflation, which contributes to its exceptionally active trading volume. For precious metals, you can trade gold and sliver on NG.

Indices: The indices available on NG including Hong Kong Hang Seng, Nasdaq, Dow Jones, S&P 500, Frankfurt DAX, London Financial Times 100 (also known as the FTSE 100), CAC 40 (of France, Paris), and others.

Tradable Instruments Supported
Forex Pairs
Commodities
Indices
Cryptocurrencies
Shares
Mutual Funds
What Can I Trade on NG?

Account Type

On NG, there is only one account type available, and a demo account is not provided.

This is unfriendly for beginners, as you are unable to conduct simulation training and there is an increased risk of losing funds.

Account Type

NG Fees

NG does not charge any commission, but there is a three-day overnight interest charge on Wednesday, and the specific fee is not disclosed.

For the common precious metal spot gold, spread is fixed in 25 points, and the rest of the products are 25 points spread and floating spread.

Additionally, the leverage ratio offered by NG is relatively high, with the maximum leverage up to 1:400.

Overnight interest charge
Spread
Margin leverage ratio

Trading Platform

NG supports trading on MT4, which is a globally renowned trading platform. You can check your transaction at anytime, whether on your computer or mobile phone.

Trading PlatformSupported Available Devices
MT4computer and mobile phone
MT5
MT4

Customer Service

You can contact NG through phone, email, or their physical address.

Contact Options Details
Phone+852 5697 3327
Emailhknewgala@gmail.com
Supported LanguageEnglish, traditional Chinese
Website LanguageEnglish, traditional Chinese
Physical AddressRoom 1106, Lai Ching Centre, 88 Queen's Road Central, Hong Kong
Contact info

The Bottom Line

In a word, trading a variety of products and indices on NG is commission-free with high leverage, however, it entails significant risks as the broker holding a suspicious clone license. Therefore, you are advised to choose a broker with legal regulations to ensure your assets safety.

FAQs

Is it safe to trade with NG ?

No, trading with NG is unsafe given the suspicious nature of their clone license.

What is the maximum leverage offered by NG?

The maximum leverage is 1:400.

Does NG provide a demo account?

No, demo account is not available in NG.

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