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NEWTOWN -

Score

1.83 /10
Danger

NEWTOWN

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

https://www.newtownc.com

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Score

Regulatory Index0.00

Business Index5.98

Risk Management Index0.00

Software Index7.02

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

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Broker Information

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Company Name

Newtown Capital Global Limited

Company Abbreviation

NEWTOWN

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

NEWTOWN · Company summary

Note: NEWTOWN's official website: https://www.newtownc.com is currently inaccessible normally.

NEWTOWNReview Summary
Founded2022
Registered Country/RegionUnited Kingdom
RegulationNot regulated
Market InstrumentsForex, Stocks, Cryptocurrencies, CFDs
Demo Account/
LeverageUp to 1:500
SpreadFrom 0.6 pips
Trading PlatformcTrader
Min Deposit/
Customer SupportEmail: 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 assetsLimited account types
Low spreadsNot 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.

No license
No FCA

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 PlatformSupported Available Devices Suitable for
MT4❌/Beginners
MT5❌/Experienced traders
cTrader✔Android, IOS and WindowsExperienced traders

Deposit and Withdrawal

NEWTOWN accepts deposits through credit cards, debit cards, and bank transfer.

User Reviews

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User comment

4

Comments

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Diep.Bui
more than one year
Reports of withdrawal issues from other traders are troubling, and the limited customer support options make it challenging to seek timely assistance. Considering the risks associated with an unregulated broker, it's crucial to explore regulated alternatives for a safer trading experience.
Reports of withdrawal issues from other traders are troubling, and the limited customer support options make it challenging to seek timely assistance. Considering the risks associated with an unregulated broker, it's crucial to explore regulated alternatives for a safer trading experience.
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2023-12-08 10:33
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Arsyakha Yusuf Al Hakim
more than one year
The minimum deposit requirement of $500 is relatively high, and the broker lacks transparency regarding account types and demo accounts. The poorly designed and currently inaccessible website, along with grammatical errors, raises doubts about the professionalism of the platform.
The minimum deposit requirement of $500 is relatively high, and the broker lacks transparency regarding account types and demo accounts. The poorly designed and currently inaccessible website, along with grammatical errors, raises doubts about the professionalism of the platform.
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2023-12-07 19:21
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