Score
NEWSOLID
China|5-10 years| http://www.new-solid.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
China
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed NEWSOLID also viewed..
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Website
new-solid.com
Server Location
Hong Kong
Website Domain Name
new-solid.com
Server IP
47.90.96.141
Company Summary
Note: NEWSOLID's official website: https://www.new-solid.com/ is currently inaccessible normally.
| NEWSOLID Review Summary | |
| Founded | 2021 |
| Registered Country/Region | China |
| Regulation | Unregulated |
| Market Instruments | Cryptocurrencies, CFDs, precious metals, indices |
| Demo Account | ❌ |
| Leverage | 1:100 |
| EUR/USD Spread | 1.8 pips |
| Trading Platform | MT4 |
| Min Deposit | $100 |
| Customer Support | Email: new_soLid@yeah.net |
| Phone: 400-666-3202 | |
NEWSOLID is a foreign exchange broker registered in New Zealand. It supports trading via the MT4 platform and provides opportunities for simulated trading. The broker provides a leverage of 1:100 and a EUR/USD spread of 1.8 pips. In addition, NEWSOLID is not subject to any legal regulatory oversight currently.
Pros and Cons
| Pros | Cons |
| MT4 support | Lack of detailed information on fees |
| No legal regulation | |
| Unavailable website | |
| Wide spreads | |
| No demo accounts |
Is NEWSOLIDLegit?
NEWSOLID lacks regulatory oversight from any financial institution and has been blacklisted by several financial regulatory bodies. Even worse, the Financial Markets Authority of New Zealand (FMA) has included it in its list of suspected fraudulent entities. In addition, the domain of this company was registered on December 6, 2021, was updated on November 2, 2024 , and will expire on November 6, 2025.
Trading platform
NEWSOLID claims to support trading through the MT4 platform. However, you are unable to download MT4 from NEWSOLID's website, and no free demo account is provided. This is a dangerous signal, and the lack of regulation combined with warnings from New Zealand regulatory agencies raises suspicions that you may face significant risks.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ❌ | / | Experienced traders |
| MT4 | ✔ | Computer | Beginners |
| cTrader | ❌ | / | Experienced traders |
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 23
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Review 23
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Kyle Loh
Malaysia
Fraud platform. Severe slippage. It was too late for me to deposit $7000 due to the platform error.
Exposure
2021-09-19
FX7869413681
Hong Kong
Waiting in the line is just an excuse. If you don't lose money, your commission won't arrive immediately. That means, if you profit, you can't get your commissions.
Exposure
2021-05-17
FX7869413681
Hong Kong
It's been half an hour, the deposit hasn't arrived yet, the official website customer service is very arrogant, and I have to bear it myself. I heard that the withdrawal will not arrive, but now the deposit is not available. Investors should be careful
Exposure
2021-04-26
王牌老师助理
Hong Kong
I applied for withdrawal with my friend. She received her withdrawal but I haven’t
Exposure
2021-04-19
FX7869413681
Hong Kong
I've made many phone calls. Please stay alert and avoid being cheated
Exposure
2021-04-19
FX3361889947
Hong Kong
I applied for withdrawal at 9:50 am on the morning of April 16. The customer service always asked me to wait for the arrival notification.
Exposure
2021-04-19
乌漆麻黑
Hong Kong
I’ve lost nearly $10,000! Stay away from the agent with an alias Heshang!!!
Exposure
2021-04-15
FX7869413681
Hong Kong
In the past, the withdrawal was available on the same day that the account was received. Now the withdrawal can not arrive at 8 pm if I aplied at 10:00 am. Such a platform is basically about to abscond with the money. Please pay attention
Exposure
2021-04-09
FX2823447223
Hong Kong
The advance payment is 290%. Forced liquidation with no reason. The paltform explained that they didn't manipulate it
Exposure
2021-02-05
FX3361889947
Hong Kong
Severe slippage. Set SL at 1900, while close at 1895, more than five pips. The platform said it was STP model and it's very normal
Exposure
2021-01-11
FX7869413681
Hong Kong
Deposit at 9:00. But it hasn't arrived until 10:30. NEWSOLID claimed the deposits can arrive immediately.
Exposure
2021-01-11
FX7869413681
Hong Kong
I withdrew at 2:00pm and now it's 9:30pm but I haven't received my withdrawal. The customer service didn't help me handle the problem and said I threatened him! My friend received the wihdrawal who withdrew later than me! Please give me an explanation!
Exposure
2020-11-20
Emperors
Hong Kong
A guy called Wangxin introduced this platform to me through friends. I profited at first. But later, I made a loss of ￥100,000 within three days. They promised to control risk and set stop loss price. You principal is their profit. He accidentally said his service fee was ￥40,000. This is a fraud platform which gives you adverse recommendations. You’ll burn all your money. Please be vigilant. It’s said that their headquarters is at New Zealand, but in fact, it’s a simulation capital tray. Their number and customer service are all fake.
Exposure
2020-10-20
海纳百川63573
Hong Kong
The commission, which should be received during 7 yo 8, is yet to be received as of 17th. NEWSOLID is simply a fraud. The service kept fending off.
Exposure
2020-08-17
六月飞霜
Hong Kong
The broker promised to rebate via Internal Transfer. After the client joined in, the rebate was canceled because of insufficient lot. The client filed a complaint to the Customer Service, only to be answered that it is fair and reasonable for the broker to do so because it had performed the duty of disclosure in advance. It claimed to be reasonable but turned out to be an obvious scam!
Exposure
2020-07-07
雾里看花27741
Hong Kong
In last October, I followed teacher Gan’s WeiBo(it has been ceased now) since she often sent some trend of XAU/USD and crude oil. She added me and induced me to join, showing me her handsome profits. Thus, I deposited fund and made some profit. With teacher’s lobbying, I added more fund. Then, she gave adverse recommendation and didn’t allow me to close the position, causing 560 thousand losses!
Exposure
2020-05-08
雾里看花27741
Hong Kong
In last October, I followed teacher Gan’s WeiBo(it has been ceased now) since she often sent some trend of XAU/USD and crude oil. She added me and induced me to join, showing me her handsome profits. Thus, I deposited fund and made some profit. With teacher’s lobbying, I added more fund. Then, she gave adverse recommendation and didn’t allow me to close the position, causing 560 thousand losses!
Exposure
2020-05-08
CCTV央视广告 明星代言～韩友晓
Hong Kong
The platform froze my account and gave no access to withdrawal, blaming it on risk management. The official shirked the responsibility on the client manager. The manager even slandered that he would freeze my ID!
Exposure
2020-05-05
春风十里不如你54981
Hong Kong
My first name is Zhu, female. In December, 2018, I was pulled into a WeChat group named Peakedness Trading Club-Money Making, in which trader Lin Yun and Wang Cong took turns to send profit screenshots, asking members to join. They added my WeChat, boasting that they could take me to make money. During that time, they inveigled me to open the account in NEWSOLID . After doing so, they kept sending order recommendations in the group and even traded for me. Within 2 years, I was asked to add fund. Without earning money, I suffered a loss of 200 thousand yuan. The collected evidence showed that my fund was flowed into some domestic companies instead of the legit forex market. Currently, some people still give order recommendations in the group, which is illegal. Though I have sent emails, the platform doesn’t deal with my problems. Hope your take heed on it. Now it has blacklisted me, continuing to scam.
Exposure
2020-04-24
春风十里不如你54981
Hong Kong
My first name is Zhu, female. In December, 2018, I was pulled into a WeChat group named Peakedness Trading Club-Money Making, in which trader Lin Yun and Wang Cong took turns to send profit screenshots, asking members to join. They added my WeChat, boasting that they could take me to make money. During that time, they inveigled me to open the account in NEWSOLID . After doing so, they kept sending order recommendations in the group and even traded for me. Within 2 years, I was asked to add fund. Without earning money, I suffered a loss of 200 thousand yuan, which almost claimed my life. The collected evidence showed that my fund was flowed into some domestic companies instead of the legit forex market. Currently, some people still give order recommendations in the group, which is illegal. Though I have sent emails, the platform doesn’t deal with my problems. Hope your take heed on it.
Exposure
2020-04-23