New Knight Group Limited Review: Nknight.live Nasty Broker

New Knight Group Limited claims it is a genuine forex trading entity. The company was allegedly established in 2007. That is enough time for the entity to provide its results. However, the broker has nothing to show for. We are unaware of the mechanism the entity uses to minimize trading risks. 

 Additionally, the platform assures investors experts are handling their funds. They work with financial researchers. The venture is dedicated to being in toe with the trending trading matters in the market. The scheme promises clients only profitable opportunities. 

New Knight Group Limited allegedly uses technology to get the best outcome. Their financial services are allegedly tip-notch. This is not a professional institution as it purports. The scheme is operating anonymously. The information of the team is nowhere to be seen. 

Stick with us as we expose more worrisome factors about the broker. In the meantime, you can check out these trending and endorsed forex trading brokers. They enforce top-notch security of finds. Your data is also secure in the entity. 

Nknight.live Review

You can trade forex, energy, index, and metal. These products are volatile. Meaning you cannot predict the next direction the market will take. A company needs to collect funds from public members to provide the ownership data. 

It instills confidence in traders. Knowing their funds are secure. Your data security is also at risk with New Knight Group Limited. How can you trust discreet individuals with your money? They can even sell the information to third parties. 

Moreover, the venture does not keep investors’ funds in a separate account from theirs. The company is not working with a known bank to store traders’ money. Recovering money from the system is going to be a nightmare. Offshore entities mainly target novice traders. 

They allow traders to diversify their risks by trading with various currency pairs. Ensure that you research thoroughly on a scheme to understand how it operates. This way, you won’t be hit by surprise. Many reputable forex schemes run their business transparently. 

Trading Conditions of New Knight Group Limited 

New Knight Group Limited has a demo account. The scheme uses the MetaTrader5 trading interface. Before opening an account, you must provide personal data. The company offers a superior trading interface and does not exempt them from being a bogus firm. 

The broker leaves out essential information on what makes them unique from their competitors. From its look, we do not see the entity as a reliable firm. The venture also fails to state the account types available. We suspect the entity is collecting funds from one client and using the fund to process clients’ withdrawal requests. 

New Knight Group Limited is offering high leverage to clients. It ranges from 1:100 and 1:200. The cap may appear profitable if the market moves in the intended direction. However, you should note that it could go both ways. 

Furthermore, the regulatory bodies have a limit on the leverage. They do this to protect investors against severe risks. Information regarding the spread is not available on the website. Regardless, it would help if you refrained from doing business with this nasty entity.

Withdrawal and Deposits 

New Knight Group Limited is only accepting funds via cryptos. If you deposit using the entity, you should not assume that crypto payments are irreversible. You cannot issue a chargeback, nor can you know the person who receives the funds. It is an ideal method for scammers as it allows them to cover their tracks. 

The entity does not have legal documentation. We are unaware of the minimum amount clients can cash out. Additionally, it is hard to tell if there are hidden charges. The broker lacks professionalism. It can hence do whatever it pleases. 

Legitimate ventures will have all the necessary information published on the website. You can hence read and understand what you are signing up for. Do not waste your time with ambiguous entities. 

Customer Support and Contact Details

New Knight Group Limited allegedly originates from Sydney, Australia. They also claim offices in Vanuatu, USA, and Hong Kong. The scheme states it has professional multilingual support. Sadly, nobody knows the actual location of the scheme. They want investors to believe this is a multinational enterprise. 

If a company cannot provide such details, you should not entrust your money to them. There is no actual office address or contact details to reach the scheme. Moreover, a genuine entity will have a phone number, email address, live chat, and even active social media platforms. 

The team responds swiftly to the queries of investors. A broker that does not care about their clients’ experience is unworthy of your trust. New Knight Group Limited will most likely use their sales rep to make you deposit more money. The phone number they use will be disconnected once you start suspecting they are scammers. 

Regulatory Status of New Knight Group Limited 

The broker states it adheres to the set rules in the industry. They are targeting investors from the European, Asia, and USA regions. These are areas with strict jurisdiction. Numerous advantages come with trading with regulated platforms.

In the USA, a broker cannot operate legally without depositing a capital of $20 million. The capital requirement in the EU region is 730K EUR. All investment entities must report their daily results to the authority. This ensures there is no manipulation of prices. If the company violates its terms and conditions, it can lose its license. 

New Knight Group Limited is an unprofessional scheme that does not even have legal documentation. They even claim to have a license from the Australian Securities Exchange Commission (ASIC). It is a bold claim, and the information is false. The entity can exit the market unceremoniously without giving notice. 

Not even the authorities will be able to save you from the scammers. You cannot trace them down as the broker runs its activities behind closed doors. Eventually, you will have to give up. Your funds will be trapped in their system.

Clients Reviews of New Knight Group Limited 

New Knight Group Limited advertises enticing deals. It should award them endorsement from those that have gained from their operation. However, the entity does not have anything to show for. It is essential to see what traders say before depositing your money. 

The platform is newly established. Nobody has earned using the company. We can only see warnings from financial analysts to stay away from the firm. Furthermore, some scammers go the extra mile of hiring random people to leave positive remarks. Their marketers work tirelessly. 

Final Verdict 

New Knight Group Limited is an offshore platform. We do not know the location of the company. They are collecting funds from members of the public without having a license. The scheme does not have a customer support team. Additionally, the trading conditions of the firm are unideal. 

Here is a list of some of the transparent and reliable forex trading companies. They have superb customer support. Additionally, the venture works with reputable financial institutions to safeguard the funds of clients. If there is any dispute the entity resolves the matter amicable. 

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What do investors have to say about this company?

No, the platform is using false information to win over investors.