Score

1.18 /10
Danger

NEWRGY IMEX

Canada

1-2 years

Regulated in United States

Crypto-Licence

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 275

Exposure

Time Machine
Website

Score

Regulatory Index4.62

Business Index4.25

Risk Management Index0.00

Software Index4.16

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

NEWRGY IMEX

Company Abbreviation

NEWRGY IMEX

Platform registered country and region

Canada

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-17
  • The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 267 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

NEWRGY IMEX · Company summary
AspectInformation
Company NameNEWRGY IMEX
Founded2023
Registered Country/AreaCanada
RegulationFinCEN
Market InstrumentsForex Trading, Stock Trading, Commodities Trading, New Financial Products
Demo AccountNot mentioned
Maximum LeverageNot mentioned
Minimum DepositNot mentioned
Trading PlatformsNEWRGY IMEX Trading Center (Mobile App)
Educational ResourcesProvided through NEWRGY IMEX - Trading Center app
Customer SupportPhone: 18022587590

Overview of NEWRGY IMEX

NEWRGY IMEX, established in 2023 and headquartered in Canada, offers a range of financial services through its trading platform, the NEWRGY IMEX Trading Center mobile app. This broker provides access to various market instruments including forex trading, stock trading, commodities trading, and new financial products.

However, according to feedback from some users, they have encountered Ponzi scheme issues when trading with this broker.

Overview of NEWRGY IMEX

Pros & Cons

ProsCons
  • Offers a diverse range of financial instruments
  • Limited info about accounts
  • Provides access to a mobile trading platform
  • Lack of transparency regarding minimum deposit, leverage, etc
  • No info on payment methods

Pros:

  1. Offers a diverse range of financial instruments: NEWRGY IMEX provides access to various financial instruments, including forex trading, stock trading, commodities trading, and new financial products.
  2. Provides access to a mobile trading platform: NEWRGY IMEX offers a mobile trading platform called the NEWRGY IMEX Trading Center app. This allows clients to trade conveniently from their mobile devices, offering flexibility and accessibility to manage their investments on the go.

Cons:

  1. Limited info about accounts: There is limited information available about the specific account types and features offered by NEWRGY IMEX. This lack of transparency makes it challenging for potential clients to fully understand the available options and choose the most suitable account for their needs.
  2. Lack of transparency regarding minimum deposit, leverage, etc.: NEWRGY IMEX does not provide specific details regarding important aspects such as minimum deposit requirements, maximum leverage offered, and other trading conditions.
  3. No info on payment methods: Similarly, NEWRGY IMEX does not offer clear information about deposit and withdrawal methods available to clients. This lack of clarity poses challenges for clients seeking to fund their accounts or withdraw profits in a convenient and secure manner.

Is NEWRGY IMEX Legit?

Yes. It is regulated by the Financial Crimes Enforcement Network (FinCEN) in the United States.

Financial Crimes Enforcement Network (FinCEN)
Current StatusRegulated
Regulated by United States
License TypeCrypto-Licence
License No.31000246587446
Licensed InstitutionNEWRGY International MonetaryExchange Ltd
Regulated by FinCEN

Market Instruments

Several types of trading assets are available at NEWRGY IMEX to meet the needs of various clients.

Forex Trading:

NEWRGY IMEX allows clients to trade in the foreign exchange market, offering a wide range of currency pairs for speculation or hedging purposes. Clients can access real-time exchange rates, utilize advanced trading tools like technical analysis indicators, and execute trades swiftly through their platform.

Stock Trading

The platform provides access to a vast array of stocks from different global exchanges. Clients can trade stocks of companies ranging from established giants to emerging startups. NEWRGY IMEX offers real-time stock quotes, market news, and analysis tools to help clients make informed trading decisions.

Commodities Trading

Clients can engage in commodities trading, including precious metals like gold and silver, energy commodities such as crude oil and natural gas, as well as agricultural products like wheat and coffee. The platform offers comprehensive market data, price charts, and research reports to assist clients in trading commodities effectively.

New Financial Products:

NEWRGY IMEX is committed to introducing innovative financial products to its platform. These include derivative products like options and futures, structured products, or other specialized instruments designed to satisfy specific investment objectives or risk profiles of clients.

Market Instruments

Trading Platform

NEWRGY IMEX presents its clients with a convenient trading experience through its dedicated platform, the NEWRGY IMEX Trading Center, available on both the Apple App Store and Google Play Store as a mobile application.

Trading Platform

Education

The educational resources provided by NEWRGY IMEX through their trading platform, the NEWRGY IMEX - Trading Center app. These resources include informative articles, video tutorials, interactive tools, glossaries of financial terms, and potentially even webinars or live educational sessions.

Educational Resources

Conclusion

In conclusion, NEWRGY IMEX offers a diverse range of financial instruments and provides access to a mobile trading platform, which can be convenient for clients seeking flexibility in managing their investments. However, several disadvantages warrant consideration. Limited information about account types and features, as well as the lack of transparency regarding trading conditions and deposit/withdrawal methods pose challenges for potential clients.

Q&A

What types of financial instruments can I trade with NEWRGY IMEX?

Forex, stocks, commodities, and innovative financial instruments.

How can I contact NEWRGY IMEX?

You can reach NEWRGY IMEX via phone: 18022587590. They are available to assist with inquiries, account management, and technical support.

Are there educational resources available on the NEWRGY IMEX platform?

NEWRGY IMEX offers educational articles, videos, tutorials, and other materials.

Risk Warning

A pyramid scheme is a classic financial scam. Once involved, you're highly likely to lose all your investment. Therefore, when investing, always stay rational, don't be swayed by promises of high returns, and choose legitimate investment channels.

News

NewsWikiFX Broker Assessment Series | Is NEWRGY IMEX Reliable?

NEWRGY IMEX has recently become a trending topic in forex markets. WikiFX has conducted a comprehensive review to help you better understand this broker. In this article, we will analyze the reliability of NEWRGY IMEX by examining its specific information, regulations, and other crucial aspects. Let’s dive in.

WikiFX
2024-07-10 16:00
WikiFX Broker Assessment Series | Is NEWRGY IMEX Reliable?

User Reviews

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User comment

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FX3810683119
0-3months
la plataforma no deja retirar y ya ha desaparecido, no deja ingresar a la cuenta y la aplicación no muestra nada, al intentar retirar, no dejaba y pedia un pago de impuestos
la plataforma no deja retirar y ya ha desaparecido, no deja ingresar a la cuenta y la aplicación no muestra nada, al intentar retirar, no dejaba y pedia un pago de impuestos
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2024-09-01 12:01
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0
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FX1263909677
0-3months
LA app de NEWRGY me ha robado mi dinero a nombre de una tal Eva Li que era la que nos indicaba para realizar depósitos y inversiones .. hizo q duplicara mis USDT y así mismo pagar el 20% de impuestos a un número de cuenta. De nombre Fátima Díaz de BanCoppel fuimos demasiados a los que nos estafaron y engañaron bloquearon la app con los fondos que se tenían y no pudimos retirar nuestro dinero alguien que nos apoye y podamos recuperar el dinero subo evidencia de las cuentas ya que los mensajes nos bloquearon y no pude capturar nada
LA app de NEWRGY me ha robado mi dinero a nombre de una tal Eva Li que era la que nos indicaba para realizar depósitos y inversiones .. hizo q duplicara mis USDT y así mismo pagar el 20% de impuestos a un número de cuenta. De nombre Fátima Díaz de BanCoppel fuimos demasiados a los que nos estafaron y engañaron bloquearon la app con los fondos que se tenían y no pudimos retirar nuestro dinero alguien que nos apoye y podamos recuperar el dinero subo evidencia de las cuentas ya que los mensajes nos bloquearon y no pude capturar nada
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2024-08-29 01:39
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