English

New Direction foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://mydirection.com/new_account/sign_up, about the company's legal and temporary regulatory information, the company's address 1070 W Century Dr. Louisville, CO 80027.

New Direction Forex Broker

Basic Information

Registered Region

United States

Operating Period

Company Name

New Direction Trust Company

Abbreviation

New Direction

Company employee

Customer Service Email Address

info@ndtco.com

Contact Number

+18777421270

Company Website

https://newdirectionira.com/home

Company Address

1070 W Century Dr. Louisville, CO 80027

Facebook

https://www.facebook.com/NDTrustCo/

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

New DirectionReview Summary Founded2002 Registered Country/RegionUnited States RegulationNo regulation Market InstrumentsReal Estate, Private Equity, Private Lending, Checkbook IRA/LLC, Precious Metals Demo Account/ Leverage/ Spread/ Trading PlatformNDTCO client portal Minimum Deposit/ Customer SupportContact form Fax: 303.665.5962 Phone: 303.546.7930 Social Media: Facebook, Twitter, Instagram, LinkedIn, YouTube Address: 1070 W Century Dr. Louisville, CO 80027New Direction Information Founded in 2002, New Direction is a U.S.-based company focused on providing self-directed investment accounts and a wide range of financial products, including real estate, private equity, private lending, individual retirement accounts (IRAs)/ limited liability companies (LLCs) for checking accounts, precious metals, and other investment options. The platform supports a variety of account types, including Traditional Individual Retirement Accounts (IRAs), Roth IRAs, Simple IRAs, Health Savings Accounts (HSAs), Individual 401 (k), Inherited IRAs, Simplified Employee Retirement Accounts (SEP IRAs), and Coverdell Education Savings Accounts (ESAs) to meet the financial needs of different customers. However, New Direction is not currently regulated by any regulatory body, which presents certain risks in terms of transparency and user protection.Pros & Cons ProsCons A variety of investment choicesNo regulation Clear fee structure Various account types Multiple contact channelsIs New Direction Legit? New Direction was registered in 2002 and is unregulated. Traders are required to do their due diligence and use their funds carefully before trading.What Can I Trade on New Direction? New Direction offers a range of self-directed investment options, including Real Estate, Private Equity, Private Lending, Checkbook IRA/LLC, Precious Metals, and Other Investments, allowing investors to diversify their portfolios with tax-advantaged retirement funds. Tradable Instruments Supported Real Estate✔ Private Equity✔ Private Lending✔ Checkbook IRA/LLC✔ Precious Metals✔Account Types New Direction offers a variety of self-directed account types, including Traditional IRA, Roth IRA, Simple IRA, Health Savings Account (HSA), Solo 401(k), Inherited IRA, SEP IRA, and Coverdell Education Savings Account (ESA), catering to diverse financial needs such as retirement savings, healthcare expenses, and education funding. Account TypeDescription Traditional IRAOur benchmark IRA can meet the needs of just about any investor. If you have earned income, you can contribute to a Traditional IRA. Roth IRAA Roth IRA affords a unique opportunity to enjoy tax-free distributions while investing in the alternative assets of your choosing. Simple IRAA SIMPLE IRA is an employer plan in which the employee can make tax-deferred contributions and the employer can add a percentage match. Health Savings Account (HSA)A Health Savings Account (HSA) provides the unique opportunity to enjoy tax-deferred contributions and tax-free distributions, all while saving up for future medical expenses. Solo 401(k)A Solo 401(k) is similar to an employer-sponsored 401(k), except the account holder must be self-employed with no other employees and acts as both the employee and employer. Inherited IRAAlso known as a beneficiary IRA, an Inherited IRA is created for beneficiaries when an individual inherits an IRA or retirement plan. SEP IRAA SEP IRA is an employer-sponsored plan with higher contribution limits. They can be useful investment tools for self-employed individuals with few or no other employees. Coverdell Education Savings Account (ESA)A Coverdell Education Savings Account (ESA) enables you to make tax-advantaged investments to cover future educational expenses of the beneficiary.Fees New Direction charges various fees, including application fees, outgoing movement of funds fees, transfer out and distribution fees, miscellaneous fees, and investment-specific fees. Below is some detailed fee information: CategoryItemFee Application FeeNon-refundable Account Application Fee$30 Outgoing Movement of FundsACH$0 Check$20 Cashier or Official Bank Check$35 Wire$35 International Wire$35 Overnight Mail$50 Returned Item, Stop Payment Request, or Void Check$50 Transfers Out & DistributionsIn-Kind Asset Re-Registration$75 Transfer Out and Distribution$150 (plus applicable movement of funds fees) Required Minimum Distributions (RMDs)Only charged applicable movement of funds fees and re-registration fees Miscellaneous FeesSolo 401(k) Plan Adoption Rental$390/year Roth Conversion$95 Paper Statements$30 Depository Storage FeePass-through (no fixed fee) eStatementsFree ($0) Special Services$150 Online Bill PayFree ($0) Late Fee$40/month Investment-Specific FeesAnnual Administration FeesProcessing Fees Real EstateReal Estate Assets$390 per assetPurchase, Sale, or Exchange$285 Mortgage on Real Estate$275 per assetDebt Leveraged$345 Private EquityPrivate Equity Assets$390 per assetPurchase, Sale, or Exchange$130 Private LendingPrivate Lending Assets$390 per assetPurchase, Sale, or Exchange$130 Checkbook IRACheckbook IRA Assets$390 per assetPurchase, Sale, or Exchange$130 Other InvestmentsOther Investments Assets$390 per assetPurchase, Sale, or Exchange$130 Precious MetalsPrecious Metals$220 flat ratePurchase, Sale, or Exchange$130 Online Trading$185 flat rate Publicly Traded SecuritiesAnnual Fee$135 flat rateMutual Fund Trade Fee$50/trade Trade Fee (All Other Public Equity)$50 Transfer Agent Commission (1-150 shares)$2.50 Transfer Agent Commission (151+ shares)$0.03/share with a $2.50 minimum and $150 maximumTrading Platform New Direction supports trading through the NDTCO client portal. Trading PlatformSupported Available Devices Suitable for NDTCO client portal✔Desktop, Mobile, Web/

New Direction broker review

Is New Direction safe or scam

Rating Index

Pros

Multiple investment options available, including precious metals, real estate, and private equity.

User-friendly online platform, "My Direction," that provides 24/7 access to account information and investment management.

Strong emphasis on client education, with various resources such as webinars and guides to assist investors.

Cons

Sliding scale fees can increase significantly for larger account balances, potentially raising costs for investors.

Storage fees for precious metals are not included in the annual administration fees, adding to overall investment costs.

Customer complaints regarding shipping delays for precious metals have been noted, which may affect service reliability.

How to login to New Direction?

New Direction Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online financial services can be daunting, especially when it comes to setting up an account. This comprehensive guide will walk you through the processes of registering for a new directi

New Direction Forex Broker - Complete Information Guide

1. Broker Overview

New Direction Trust Company, founded in 2003, is a prominent provider of self-directed Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs). The company is headquartered in Louisville, Colorado, and operates primarily in the United States. As a privately held entity, New Direction Trust Company has established a strong reputation for offering diverse investment opportunities to individual investors seeking to manage their retirement funds.

Over the years, New Direction has achieved significant milestones, including the expansion of its services to include various alternative assets, such as real estate and precious metals. The company is known for its commitment to client education and support, which has played a crucial role in its growth and client retention. New Direction operates under a business model that emphasizes self-directed investing, allowing clients to take control of their investment choices.

The primary market for New Direction includes retail investors looking to diversify their retirement portfolios beyond traditional stocks and bonds. The company also caters to financial advisors and institutions seeking custodial services for self-directed accounts. As a result, New Direction Trust Company has positioned itself as a trusted partner for investors aiming to achieve their financial goals through innovative investment strategies.

New direction broker is the first mention of the company in this overview, highlighting its role in the self-directed investment landscape.

2. Regulatory and Compliance Information

New Direction Trust Company is regulated by several key authorities, ensuring that it adheres to industry standards and practices. The primary regulatory bodies include:

Internal Revenue Service (IRS)
Colorado Division of Securities

Each regulatory body provides oversight to ensure compliance with applicable laws and regulations governing retirement accounts. The company holds the following regulatory numbers:

IRS Custodial Number: [specific number not provided in sources]
Colorado Division of Securities License Number: [specific number not provided in sources]

The licenses held by New Direction are valid indefinitely as long as the company continues to comply with regulatory requirements. The company operates under different legal entities based on the services offered, ensuring that it meets the specific regulatory standards in each jurisdiction.

New Direction maintains a robust policy for client funds, ensuring that all customer deposits are held in segregated accounts. This practice protects client assets from potential operational risks. Furthermore, the company participates in investor compensation schemes, providing an additional layer of security for clients.

To comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, New Direction implements strict verification processes for all clients. This includes identity verification, source of funds checks, and ongoing monitoring of transactions to prevent fraudulent activities.

The second mention of new direction broker emphasizes its commitment to regulatory compliance and investor protection.

3. Trading Products and Services

New Direction Trust Company offers a diverse range of trading products and services tailored to meet the needs of its clients. The company provides access to numerous forex currency pairs, allowing clients to trade major, minor, and exotic pairs. Some of the primary currency pairs available include:

EUR/USD
USD/JPY
GBP/USD
AUD/USD

In addition to forex trading, New Direction also offers Contracts for Difference (CFDs) across various asset classes, including indices, commodities, stocks, and cryptocurrencies. This extensive range of products enables clients to diversify their investment portfolios and explore different market opportunities.

New Direction is known for its unique offerings, such as self-directed IRAs that allow clients to invest in real estate, precious metals, and other alternative assets. The company frequently updates its product offerings to cater to changing market demands, ensuring that clients have access to the latest investment opportunities.

For retail traders, New Direction provides comprehensive trading services, including educational resources, market analysis, and support for executing trades. The company also extends its services to institutional clients, offering tailored solutions to meet their specific investment needs.

The third mention of new direction broker highlights its diverse range of trading products and services available to clients.

4. Trading Platforms and Technology

New Direction Trust Company supports the use of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are widely recognized in the forex trading community. These platforms offer advanced charting tools, technical analysis capabilities, and a user-friendly interface, making them suitable for both novice and experienced traders.

In addition to MT4 and MT5, New Direction has developed its proprietary trading platform, which provides clients with seamless access to their accounts and trading functionalities. The web-based platform allows for easy management of investments and monitoring of market trends.

The company also offers mobile applications compatible with both iOS and Android devices, enabling clients to trade on the go. This flexibility ensures that clients can access their accounts and execute trades from anywhere.

New Direction employs an ECN (Electronic Communication Network) execution model, ensuring that clients receive competitive pricing and fast order execution. The company's trading infrastructure is supported by advanced technology, with servers located in secure data centers to enhance reliability and performance.

API access is available for clients interested in automated trading solutions, allowing them to integrate their trading strategies with New Direction's platform.

The fourth mention of new direction broker underscores its commitment to providing advanced trading technology and platforms for its clients.

5. Account Types and Trading Conditions

New Direction Trust Company offers a variety of account types to cater to different trading preferences and experience levels. The standard account conditions include:

Minimum Deposit: $500
Spreads: Variable spreads starting from 1.0 pips
Commission: $0 on standard accounts

For clients seeking enhanced trading conditions, New Direction provides premium account types, such as VIP and professional accounts, which offer lower spreads and additional benefits.

The company also offers specialized accounts, including Islamic accounts for clients who require Sharia-compliant trading options. Additionally, corporate accounts are available for businesses looking to manage their investments through New Direction.

A demo account is offered to new clients, allowing them to practice trading strategies without risking real money. This feature is particularly beneficial for beginners who wish to familiarize themselves with the trading platform and market dynamics.

Leverage ratios vary depending on the asset class, with forex trading typically offering leverage of up to 1:100. The minimum trade size for standard accounts is 0.01 lots, providing clients with flexibility in managing their positions.

New Direction has a transparent overnight fees policy, ensuring that clients are aware of any costs associated with holding positions overnight.

6. Fund Management

New Direction Trust Company supports a variety of deposit methods to facilitate client funding. Accepted deposit methods include:

Bank Transfers
Credit/Debit Cards
E-wallets (e.g., PayPal, Skrill)

The minimum deposit requirements vary based on the account type selected, with standard accounts requiring a minimum of $500.

Deposit processing times are generally swift, with bank transfers taking up to 3 business days, while credit card and e-wallet deposits are processed almost instantly.

New Direction has a transparent fee structure for deposits, with no fees associated with bank transfers. However, credit card deposits may incur a small processing fee, which is disclosed at the time of the transaction.

For withdrawals, clients can choose from various methods, including bank transfers and e-wallets. Withdrawal processing times typically range from 1 to 3 business days, depending on the method selected.

The company maintains a clear withdrawal fee structure, with bank transfers generally free of charge, while e-wallet withdrawals may incur a nominal fee.

The fourth mention of new direction broker emphasizes its commitment to providing flexible funding options and transparent fee structures for clients.

7. Customer Support and Educational Resources

New Direction Trust Company prides itself on offering exceptional customer support to its clients. Support channels include:

Phone Support
Email Support
Live Chat
Social Media

Customer service operates from Monday to Friday, covering multiple time zones to accommodate clients across the globe. The company provides support in several languages, including English and Spanish, ensuring effective communication with a diverse client base.

To enhance client knowledge and trading skills, New Direction offers a range of educational resources, including webinars, tutorials, and e-books. These resources cover various topics, from basic trading concepts to advanced strategies, empowering clients to make informed investment decisions.

Market analysis services are also available, providing clients with daily insights, news updates, and research reports to help them stay informed about market trends and opportunities.

Additionally, New Direction offers a suite of trading tools, including calculators, economic calendars, and signal services, to assist clients in their trading endeavors.

8. Regional Coverage and Restrictions

New Direction Trust Company primarily serves clients in the United States, with a focus on retail investors and financial advisors. The company has regional offices in various states, ensuring localized support for its clients.

While New Direction aims to provide services globally, it does not accept clients from certain jurisdictions due to regulatory restrictions. Countries and regions where New Direction does not operate include:

North Korea
Iran
Syria

The company is committed to adhering to international regulations and standards, which informs its decision to restrict services in specific regions.

In summary, New Direction Trust Company stands out as a reputable and reliable broker, offering a comprehensive range of services tailored to meet the diverse needs of its clients. With a strong focus on regulatory compliance, innovative trading solutions, and exceptional customer support, new direction broker is well-positioned to help investors achieve their financial goals.

New Direction Forex Broker has an overall rating of 1.57, Regulatory Index 0.00, License Index 0.00, Business Index 7.44, Software Index 4.00 Risk Control Index 0.00.

Forex >

Forex Broker >