NEWTOWN Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-23 18:12

Abstract：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. Besides, its leverage is up to 1:500. However, it is not regulated.

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

NEWTOWNReview Summary
Founded	2022
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	Forex, Stocks, Cryptocurrencies, CFDs
Demo Account	/
Leverage	Up to 1:500
Spread	From 0.6 pips
Trading Platform	cTrader
Min Deposit	/
Customer Support	Email: support@newtownc.com
Customer Support	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 assets	Limited account types
Low spreads	Not 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.

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 Platform	Supported	Available Devices	Suitable for
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders
cTrader	✔	Android, IOS and Windows	Experienced traders