We are no longer promoting NewForex. The information regarding to NewForex on the website 'Hercules.Finance' maybe outdated.
NewForex - What's now?
We inform you, that NewForex broker was purchased by broker Forexmart, which has EU regulations. Thus all NewForex clients deposits will be transferred to the jurisdiction of the Forexmart broker.
To transfer your funds to Forexmart you need to:
1. Close all open positions by December 24, 2017.
2. Register an account with Forexmart and open a trading account in the same currency. (If you have a micro account, then open the micro, if standard, then open, please, the standard account.
3. To inform NewForex support, the number of the current trading account with NewForex broker and the number of the new trading account with Forexmart broker immediately after the closing of all trading positions.
All of the data will be checked and your funds will be transferred to Forexmart account.
NewForex is an Online FX & CFD broker based in British Virgin Islands.
NewForex is licensed by BVI FSC, and you can find the official certificate in NewForex’s Official Website.
*BVI FSC stands for British Virgin Islands Financial Services Commission.
The broker is relatively new as founded in 2013, and already has several official offices in Moscow, London, Hong Kong and Dubai.
NewForex is an honest broker which discloses its company and service information publicly with details.
The broker model is “Market Maker” with “Instant Execution” on MetaTrader4.
*NewForex may not allow certain trading methods on its MT4, as it is a Market Maker broker.
NewForex keeps its positive reviews with very prompt assistants without delays.
NewForex offers Forex pairs, Metals and Stocks through MetaTrader4.
The Maximum Leverage is 1:1000, with NBP fully supported.
Point – With NBP “Negative Balance Protection”, your loss is limited to the total deposit amount on NewForex MT4.
The trading cost is only the Fixed Spread from 2 pips and No extra commissions charged.
NewForex MT4 is provided with “Instant Execution”. The broker may allow all kinds of trading methods(including use of EAs, Scalping, Hedging etc) though, your trading activities may need to follow the rules of NewForex.
NewForex offers variety of Deposit methods, and strives to process all withdrawals within 1 business day.
With NewForex, you can earn 2.5% of Annual Interest.