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No Regulation
Score
1.47 /10
Danger
New Traders Holding FX
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.67
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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
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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
General Information & Regulation
New Traders Holdings is a Marshall Islands registered online broker. The Marshall Islands is an offshore zone in the Pacific that does not regulate forex trading. It has been verified that New Traders Holdings is not subject to any valid regulation. Please be aware of the risk.
Market Instruments
In terms of trading assets available, New Traders Holdings advertises trading in Forex, Stocks, Commodities, Indices, and Cryptocurrencies.
Minimum Deposit
There are three types of accounts presented on the website – Basic, Standard and VIP – differing only in the minimum deposit amount. The minimum initial deposit to start a basic account is $100, in line with the industry standard.
Leverage
The leverage is in line with top regulators limits – 1:30 in Europe and 1:50 in the US. The maximum trading leverage for forex instruments is capped at 1:30.
Spreads & Commissions
The spread that is seen on the website for the EURUSD currency pair is (as low as) 1.7 pips. Although not very large, established brokers usually offer spreads of 1 – 1.2 pips, rarely more than 1.5.
Trading Platform Available
MT4 is advertised on their Home page, when it comes to trading platform available. However, that is not the case – there is only Sirix. What is more disturbing, however, is there is no “username” input field in the form, and no email was sent to provide us with one or with an Account number.
Deposit & Withdrawal
Various payment provider‘ logos are displayed on this broker’s website. VISA and MasterCard, Wire Transfer, Skrill and Neteller. They claim very short processing times, as well as no hidden charges or fees for both deposits and withdrawals.
Customer Service
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