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No Regulation
Score
1.52 /10
Danger
NEWSOLID
Add brokers
Comparison
Quantity 23
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.08
Risk Management Index0.00
Software Index4.00
License Index0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
3
Previous Detection :
2025-05-01
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 20 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
Exposure
23 pieces of exposure in total Pyramid scheme complaint
ExposeNote: 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 |
23
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