New Traders Holding FX- Some Detailed Information about This Broker

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