NewCFDs Review: Measuring Platform Performance
NewCFDs Review: Measuring Platform Performance

The broker’s page is in French, meaning it’s targeting mainly French clients. According to their website, the broker offers a next-generation trading platform. However, we saw nothing new and nothing spectacular. All we can tell is that the broker is a huge red flag. Why?

Read our NewCFDs review and find out.

Broker status: Offshore Broker
Regulated by: No regulation
Scammers Websites: https://www.newcfds.com/
Owned by: PRO – SM Ltd
Headquarters Country: Saint Vincent and the Grenadines
Foundation year: 2021
Supported Platforms: Web trader
Minimum Deposit: $250
Cryptocurrencies: Yes
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: N/A
Free Demo Account: Yes
Accepts US clients: No

NewCFDs Regulation and Security

NewCFDs is an online trading brokerage owned by PRO- SM Ltd from Saint Vincent and the Grenadines. However, the broker is not quite impressive since it’s not listed in FSA SVG or any other trading register. Since SVG has the rule to tell brokers to opt for Tier1 regulations, we’ve checked AFM, FCA, ASIC, and more and found nothing. This means we are involved with an offshore scam, and you should get your money back as quickly as possible.

Fund Withdrawal Issues With NewCFDs

Everyone starts trading with the same goal in mind – to make some profit. But what happens once you discover you cannot withdraw that profit? Who should you complain to if the broker is offshore and unregulated?

Many clients experienced withdrawal issues, according to NewCFDs reviews. And many of them stated the same. The company does not accept withdrawal requests, and if by any chance you manage to speak with your broker, your account will simply be suspended and your phone number blocked in the company’s system. If something similar happens to you, please let us know immediately.

Traders Opinion

If you cannot withdraw the funds, of course, you will not be satisfied. That’s why we were not surprised to see many negative NewCFDs reviews. According to traders, the broker does not give clients much back. Moreover, they are connecting to AnyDesk and trying to deduct even more money.

Do not deal with illicit offshore brokers.

NewCFDs Reviews

How Does Online Trading Scam Work?

Online trading scams are prevalent nowadays. Why? Because many people are looking for additional income. And investing is the most profitable. Now, the problem is that many companies and regulatory bodies do not oversee them all. And once they turn their backs, brokers are doing whatever they want.

Usually, everything starts with a false trading ad that is promising millions overnight. Once you sign up, the broker gives you a call, convincing you to add more funds than you intended to increase the success.

And it works like this until you stay with no money. So, you are not an asset anymore, your account is suspended, and your money is gone.

Scammed by NewCFDs?

If you were scammed by NewCFDs or any other illicit brokerage, report it immediately.

Our experts are ready to provide you with all the information regarding the chargeback process.

But what is a chargeback?

This is a way for your bank to refund the money directly from the merchant. Contact us via online chat to let us know what happened and we’ll help you find the most suitable solution.

Let’s get your money back now.

What is NewCFDs?

NewCFDs is an online trading brokerage without a trading license.

Is NewCFDs a scam?

Since NewCFDs is not a regulated broker, it can be considered a scam.

Is NewCFDs regulated?

No, the broker does not have any kind of financial regulation for providing financial services.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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