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NEWSOLID -

Score

1.51 /10
Danger

NEWSOLID

China

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.new-solid.com

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Comparison

Quantity 23

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.98

Risk Management Index0.00

Software Index4.00

License Index0.00

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

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Company Name

NEWSOLID

Company Abbreviation

NEWSOLID

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 20 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

23 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw in NEWSOLID

I've made many phone calls. Please stay alert and avoid being cheated

2021-04-19 15:48
Unable to Withdraw

The deposits can't arrive in time

Deposit at 9:00. But it hasn't arrived until 10:30. NEWSOLID claimed the deposits can arrive immediately.

2021-01-11 10:46
Others

Commission not returned

The commission, which should be received during 7 yo 8, is yet to be received as of 17th. NEWSOLID is simply a fraud. The service kept fending off.

2020-08-17 15:13
Resolved

The speed of withdrawals is so slow. The customer service of NEWSOLID had a bad attitude

I withdrew at 2:00pm and now it's 9:30pm but I haven't received my withdrawal. The customer service didn't help me handle the problem and said I threatened him! My friend received the wihdrawal who withdrew later than me! Please give me an explanation!

2020-11-20 21:44
Scam

Lose a lot under their guidance. The agent and broker here suck

I’ve lost nearly $10,000! Stay away from the agent with an alias Heshang!!!

2021-04-15 22:41
Others

NEWSOLID wiped out the account

The advance payment is 290%. Forced liquidation with no reason. The paltform explained that they didn't manipulate it

2021-02-05 23:54
Unable to Withdraw

Unable to withdraw

Waiting in the line is just an excuse. If you don't lose money, your commission won't arrive immediately. That means, if you profit, you can't get your commissions.

2021-05-17 10:53
Scam

Failure rebate.

The broker promised to rebate via Internal Transfer. After the client joined in, the rebate was canceled because of insufficient lot. The client filed a complaint to the Customer Service, only to be answered that it is fair and reasonable for the broker to do so because it had performed the duty of disclosure in advance. It claimed to be reasonable but turned out to be an obvious scam!

2020-07-07 23:43
Unable to Withdraw

The withdrawal can’t arrive

I applied for withdrawal with my friend. She received her withdrawal but I haven’t

2021-04-19 19:22
Severe Slippage

Slippage

Severe slippage. Set SL at 1900, while close at 1895, more than five pips. The platform said it was STP model and it's very normal

2021-01-11 11:37
Unable to Withdraw

The withdrawal can not arrive!

In the past, the withdrawal was available on the same day that the account was received. Now the withdrawal can not arrive at 8 pm if I aplied at 10:00 am. Such a platform is basically about to abscond with the money. Please pay attention

2021-04-09 20:13
Scam

Scam

In last October, I followed teacher Gan’s WeiBo(it has been ceased now) since she often sent some trend of XAU/USD and crude oil. She added me and induced me to join, showing me her handsome profits. Thus, I deposited fund and made some profit. With teacher’s lobbying, I added more fund. Then, she gave adverse recommendation and didn’t allow me to close the position, causing 560 thousand losses!

2020-05-08 21:16
Others

Forced liquidation

Fraud platform. Severe slippage. It was too late for me to deposit $7000 due to the platform error.

2021-09-19 15:50
Unable to Withdraw

The withdrawal hasn't arrived

I applied for withdrawal at 9:50 am on the morning of April 16. The customer service always asked me to wait for the arrival notification.

2021-04-19 09:38
Others

The deposit can nt arrive

It's been half an hour, the deposit hasn't arrived yet, the official website customer service is very arrogant, and I have to bear it myself. I heard that the withdrawal will not arrive, but now the deposit is not available. Investors should be careful

2021-04-26 22:25
Severe Slippage

NEWSOLID cheats me of my hard-earned money

A guy called Wangxin introduced this platform to me through friends. I profited at first. But later, I made a loss of ￥100,000 within three days. They promised to control risk and set stop loss price. You principal is their profit. He accidentally said his service fee was ￥40,000. This is a fraud platform which gives you adverse recommendations. You’ll burn all your money. Please be vigilant. It’s said that their headquarters is at New Zealand, but in fact, it’s a simulation capital tray. Their number and customer service are all fake.

2020-10-20 19:28
    NEWSOLID · Company summary

    Note: NEWSOLID's official website: https://www.new-solid.com/ is currently inaccessible normally.

    NEWSOLID Review Summary
    Founded2021
    Registered Country/RegionChina
    RegulationUnregulated
    Market InstrumentsCryptocurrencies, CFDs, precious metals, indices
    Demo Account❌
    Leverage1:100
    EUR/USD Spread1.8 pips
    Trading PlatformMT4
    Min Deposit$100
    Customer SupportEmail: new_soLid@yeah.net
    Phone: 400-666-3202

    NEWSOLID is a foreign exchange broker registered in New Zealand. It supports trading via the MT4 platform and provides opportunities for simulated trading. The broker provides a leverage of 1:100 and a EUR/USD spread of 1.8 pips. In addition, NEWSOLID is not subject to any legal regulatory oversight currently.

    Pros and Cons

    Pros Cons
    MT4 supportLack of detailed information on fees
    No legal regulation
    Unavailable website
    Wide spreads
    No demo accounts

    Is NEWSOLIDLegit?

    NEWSOLID lacks regulatory oversight from any financial institution and has been blacklisted by several financial regulatory bodies. Even worse, the Financial Markets Authority of New Zealand (FMA) has included it in its list of suspected fraudulent entities. In addition, the domain of this company was registered on December 6, 2021, was updated on November 2, 2024 , and will expire on November 6, 2025.

    Is NEWSOLID Legit?

    Trading platform

    NEWSOLID claims to support trading through the MT4 platform. However, you are unable to download MT4 from NEWSOLID's website, and no free demo account is provided. This is a dangerous signal, and the lack of regulation combined with warnings from New Zealand regulatory agencies raises suspicions that you may face significant risks.

    Trading PlatformSupported Available Devices Suitable for
    MT5❌/Experienced traders
    MT4✔ComputerBeginners
    cTrader❌/Experienced traders
    Trading platform

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