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Broker violations and abnormal records
  • 2021-08-08 The Spain CNMV Added NewFX into Its Warnings

    On 9 Aug 2021, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that NewFX was not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=newfx.co


    On 9 Aug 2021, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that NewFX was not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=newfx.co
  • 2021-08-31 The Malta MFSA Added NewFX into Its Warnings

    On 1 Sep 2021, the Malta Financial Services Authority (MFSA) issued a warning that NewFX was not Maltese registered companies nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. You may visit: https://www.mfsa.mt/news-item/mfsa-notice-newfx-limited-unlicensed-entity/

    On 1 Sep 2021, the Malta Financial Services Authority (MFSA) issued a warning that NewFX was not Maltese registered companies nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. You may visit: https://www.mfsa.mt/news-item/mfsa-notice-newfx-limited-unlicensed-entity/
  • 2022-04-03 The Italy CONSOB Added NewFX into Its Warnings

    On 4 April 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that NewFX was not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela


    On 4 April 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that NewFX was not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
  • 2022-10-24 BrokersView has Reviewed that NewFX is an Unregulated Forex Broker

    NewFX claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. 

    In adittion, the broker also claims to be located in the USA. We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA. 

    Moreover, the company also has offices in the UK and Dubai, according to its website. However, we did not find any matching results in the United Kingdom Financial Conduct Authority (UK FCA) or the Dubai Financial Services Authority (DFSA). That means the broker is not authorized in the UK or Dubai. 

    Actually, NewFX has been warned by three regulators including: the Italy Commissione Nazionale per le Società e la Borsa (CONSOB), the Spain Comisión Nacional del Mercado de Valores (CNMV), and the Malta Financial Services Authority (MFSA).

    The truth is that NewFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    NewFX claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. In adittion, the broker also claims to be located in the USA. We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA. Moreover, the company also has offices in the UK and Dubai, according to its website. However, we did not find any matching results in the United Kingdom Financial Conduct Authority (UK FCA) or the Dubai Financial Services Authority (DFSA). That means the broker is not authorized in the UK or Dubai. Actually, NewFX has been warned by three regulators including: the Italy Commissione Nazionale per le Società e la Borsa (CONSOB), the Spain Comisión Nacional del Mercado de Valores (CNMV), and the Malta Financial Services Authority (MFSA).The truth is that NewFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

1 comments

Momo Dhimi
give me my money back you ruined my life i have only my money lefthttps://youtu.be/k9FAMsHZ648SHAME NEWFX I apologize in advance for spelling errorsmore or less 7 months ago I put my number on a site to invest in Amazon, I was contacted by you, who immediately asked to invest in amazon and if there was a way to do something automatic without taking time away from my family, I the girl immediately said yes ... she asked me how much she wants to invest, I replied 250 I was, she tells me if you can get to 500 you would have given me 750 ... I said okay .... made the first transfer .. .then he tells me that Manuel, his manager, would contact me shortly for a chat ...okafter a few minutes she called mekind and friendly he tells me if I had put in another 2000 euros you would have given me 5000 so I could operate more even though I had told them that I just wanted to invest in amazon and I had time for this type of thing ... but I trusted ... and I made the 2nd transferthat she had me followed by one of her best brokers Cristian and asked me for my trading objective, I answered them 150-200 euros a month to get rid of some whim from my daughterCristian calls me and has 12 small protected operations done to show me how it worksI told them that I just wanted to invest in Amazon, he replied that Amazon needs a few months to see any results, I replied I'm not in a hurry .... but nothingafter a few days he contacted me and told me that there was an investment that he thought was very profitable (bitcon) but I had to invest another 18,000 euros, I was reluctant, I didn't want to do it, after a few insistent phone calls he convinced me and I made 2 trances 1 (6150) and more ( 11850)August arrives I was on holiday he contacted me he told me that there had been some control problems that they would give me back the wire transfers on the 1st (6150) he came back (6142) the second no after 1 weekhe asked me to do a bank recall, so I rushed my wife (since she doesn't work) to the bankwe did the recall which was successful (11842)Cristian tells me we'll send you another bank transfer, I did the 6150 one but I didn't want to do the 11850 one anymore, I said to myself that's enough I'll stop here .... After some insistence from Cristian I didn't give in I didn't want to put them anymoreso one Monday Cristian called me and told me that he wouldn't grind me (I would have preferred he had grinded me) he made me open the ngas (buy and sell) and he told me that we would raise 11850 by doing those operations I said to myself (fine) and I asked them what should I dohe replied "how do you see that either the buy or the sell in profit plus 500 was closed and reopened"so I didafter a week or so and a little more I received a messageHello Mohammed,I'm Vittorio Costa.Cristian will be out of the office on a company trip until day 12.He left me your account "in custody".Do not hesitate to contact me at any time, and write to me when it is more convenient for you to hear from us during the day. At least one appointment a day.I hope all is well, he told me Cristian that you have lost some faith and enthusiasm in the project.I'm so sorry, I take the blame for everything you went through.I await your contact.Regards.and my absolute declinehe made me open the oil same speech buy and sell without explaining anythingthen dowjons then they abandoned me a weekcame back he told me that things were not going well that I had to put 11850 to close the negativity so I didbut instead of closing, he made me open the grain without explaining anything to me, always the usual buy and sell discourseafter a week he called me and said that the transactions are expiring I had to put another 20,000 in order not to lose the money ... I said make them expire I won't put anything morehe told me you're crazy I replied that it's my fault if I was put like this I have nothing to do with ithe said "please don't let the operations expire he would have lost his job"after some insistence telling me we'll give you 125 percent at least we can close something "I made the transferbut the credits hadn't gone upI asked why he told me that he would have Stefano call me ....Stefano my name is and he told me that I had to put another 20,000 as they come in we'll make you return 10,000 also said by ManuelI hallucinated ,,, I wanted to close everything and file a fraud reportI didn't have any more money, I repliednothing to do I would have lost everythingbelieve me I never asked my wife for money (and I did that day)humiliated and demoralizedI put another 20,000 but the credits only 60 percentand tell me the other 60 percent were served to open trades (which I didn't want and didn't know they were expiring)I only got 3000 backI just told you the plain truthDo you think it's not a scam?Do you think I was wrong?Do you think I'm crazy?do you think I have not been bypassed?my request is 40,000 out
2023-06-20
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