New Traders Holdings Review: Avoid this Scam!

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New Traders Holdings Review: Avoid this Scam!

New Traders Holdings is a company that is allegedly trading several assets. The venture claims that its main focus is the safety of their clients. It is ironic when an offshore entity makes such a statement.

You can trade anytime that you please. Moreover, the platform is not discriminative as they accept investors from all over the world. However, they do not meet the requirements put in place to protect investors’.

New Traders Holding is trading Forex, crypto, indices, commodities, and stocks. They have three investment accounts. The company also boasts of having quality trading tools in the industry. They are also offering tight spreads with low commissions.

The entity claims that it has a professional platform for its customers. The suspicious firm states that they know how a broker should operate. Therefore, you should only expect professional treatment from them.

Stick to licensed forex brokers that have both the best trading services and reputation. You should not waste your time with an offshore entity. This is because most of them turn out to be a scam. Legit companies, on the other hand, are dedicated to offering the best user experience. Review

New Traders Holdings claims that it has over 100 assets at the disposal of its customers. These include; 38+ currency pairs, 9 indices, popular digital assets, 150+ shares, metals, and commodities.

The company is also offering educational services to their clients. The platform only brags of having great experience in the market. Sadly, they do not credit their team for us to verify the allegation. The entity is most likely bluffing to win over traders.

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New Traders Holdings does not provide sufficient information regarding their trading activities. You should stay away while you still can. You will get any money from investing in this company.

Another red flag is that the platform is only registered for a period of one year. Therefore, the more risky and uncertain it is that the firm will be there in the future. The information of the registrar is hidden from the public.

The company has a demo account. We cannot emphasize enough that New Traders Holdings is not a trustworthy entity. The platform does not even try to win over clients. They do not stand out from their competitors.

Available Platform and Trading Conditions

New Traders Holdings claim that it is offering Sirix WebTrader and MT4 platform. However, it is only the Sirix WebTrader that is available. The interface is familiar with the Ponzi scheme in the market.

It also does not have much to offer, and it is no match for the MetaTrader. MT4 has multiple favourable features, which make it stand out. Additionally, the majority of traders prefer the interface due to its customizable features.

New Traders Holdings is offering a spread of 1.7 pips for EURUSD currency pair. It is not very lucrative as entities are offering a better cap.

Withdrawal and Deposits

New Traders Holdings is accepting payment via Neteller, MasterCard, Wire Transfers, VISA, and Skrill. If you have to cash in money, use only a credit card to issue a chargeback within 540 days.

The offshore entity states that it does not have any hidden charges. They also promise that investors deposits will reflect within no time. Moreover, upon withdrawal, you are not subjected to any fees.

New Traders Holdings has bonuses for their clients. However, make sure that you read their terms and Conditions before depositing funds. The hefty measures are hard to meet, and you should only stick to regulated entities.

Contact Details

The company’s location is at Trust Company Complex, Ajeltake Island, Ajeltake Road, Majuro, MH96960. New Traders Holding is an offshore platform. They also feature a telephone number and an email address.

The support is allegedly available 24/7. The entity states that its clients enjoy the best treatment from their team. The claims are unverifiable because there is no existing clients’ feedback.

New Traders Holdings does not have clients’ feedback. Therefore, we cannot tell the kind of treatment that you can expect from the entity. Scammers will only be friendly when they need funds from you.

They will call you, luring you to take the best trading deals, which are the most expensive. Unfortunately, when you heed to their demands, you will never be able to cash out. Nobody will come to your rescue either since their location is not known.

Bitcoin Global System Regulation Status

Regulatory bodies ensure that investment companies offer safety to their clients. New Traders Holdings claims that they have put up high-security measures for the sake of their clients. The platform states it has an SSL certificate.

They also provide a conducive trading environment with full transparency. However, the entity is operating illegally. The company does not have a license from a reputable financial watchdog in the market.

This is an offshore platform that has a UK phone number and an address in an infamous location. New Traders Holdings is not in the database of the FCA. Additionally, Marshall Island does not license forex trading activities or any other online form of investment.

The company is bluffing about offering safety to investors. The platform does not segregate clients’ accounts. The firm is not following any rules, and they can do whatever they want without having to answer to anyone.

Is New Traders Holdings Safe?

No, the entity is very risky to engage with and will lead to a devastating loss. New Traders Holdings does not offer fund safety despite their false claim to be a secure venture. The entity is only after clients’ funds.

They provide a telephone number of the United Kingdom, creating even more suspicion. The entity is based at an offshore location that is infamous for accommodating scammers. They do not have a license for any regulatory body.

New Traders Holdings claims that they are working with a professional team. Nonetheless, they do not publish their names, qualification, or images. The platform is an anonymous venture that can collapse anytime.

Once they leave the market, you will be on your own. The authority has warned traders against investing with unregulated companies. Considering that the entity does not have a license, kindly keep off.

New Traders Holdings does not have trading results. They also don’t have a trading history. The risks of trading with this firm are high. They falsely claim that they have partnered with reputable financial institutions in the market.

However, the company does not disclose the names. The platform is not segregating investors’ funds. You will empty your pockets dry as those of the scammers grow bigger. The safety of your cash should be your main focus.

Final Verdict

New Traders Holdings is an unregulated entity that you should not give the chance to scam you. The company does not have a license. Therefore, the more risks that you are exposed to when engaging with the platform.

They do not have feedback from their clients. Trading with an offshore venture will result in a loss of funds. The platform does not feature information about the corporate that manage their trading activities. Hence, the scam is operating on their own accord.

Invest with legit forex brokers that are transparent. The information about the team and their qualification are visible for everyone to see. Additionally, you have the assurance that your cash is safe. The support will help you in case you encounter any problem.

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