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Newton Global foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.ngcbgroup.com/en/auth/sign-up, about the company's legal and temporary regulatory information, the company's address Suite 101, 10th Floor, Premier Business Centre, Sterling Tower, 14 Poudriere Street, Port Louis, Mauritius.

Newton Global Forex Broker

Basic information

Registered region
Mauritius
Operating period
--
Company Name
Newton Global Commercial Business (NGCB) LTD
Abbreviation
Newton Global
Company employee
--
Customer Service Email Address
support@ngcbgroup.com
Contact number
+23002456703
Company address
Suite 101, 10th Floor, Premier Business Centre, Sterling Tower, 14 Poudriere Street, Port Louis, Mauritius
Keywords
2-5 years
Suspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk

Company profile

Aspect Information Company Name Newton Global Registered Country/Area Mauritius Founded Year 2022 Regulation Not regulated Minimum Deposit $20 (Silver Account) Maximum Leverage 500:1 Spreads Starting from 0.5 pips (Platinum) Trading Platforms MetaTrader 5 (MT5) Tradable Assets Forex, Indices, Commodities, Stocks Account Types Silver, Gold, Platinum Demo Account N/A Customer Support Phone: +971 (0) 4 491 9121 or +230 (0) 245 6703, Email: support@ngcbgroup.com Deposit & Withdrawal Bank transfers, credit/debit cards, electronic payment systems Educational Resources Webinars, Seminars, NGCB Academy

Overview of Newton Global

  Newton Global, founded in 2022 and based in Mauritius, offers trading services in Forex, Indices, Commodities, and Stocks. Despite not being regulated, the company provides trading opportunities with a minimum deposit of $20 for its Silver Account and leverage up to 500:1. Spreads start from as low as 0.5 pips for Platinum accounts, with trading facilitated through the MetaTrader 5 platform.

  Newton Global offers three account types: Silver, Gold, and Platinum. Although a demo account is not available, traders can access educational resources such as webinars, seminars, and the NGCB Academy. Customer support is provided via phone and email, and deposit and withdrawal options include bank transfers, credit/debit cards, and electronic payment systems.

Pros and Cons

Pros Cons
Wide range of tradable assets No demo account mentioned
Competitive spreads Margin requirements vary
User-friendly trading platform No weekend trading
Educational resources

  Pros

  •   Wide Range of Tradable Assets: Newton Global offers a diverse selection of assets for trading, including forex, indices, commodities, and stocks. This allows investors to diversify their portfolios and potentially benefit from various market movements across different asset classes.

  •   Competitive Spreads: The information suggests Newton Global offers competitive spreads across its account types. Lower spreads translate to potentially reduced trading costs, allowing investors to keep more of their profits. Spreads start from 1.5 pips for Silver accounts, further tightening to 0.8 pips and 0.5 pips for Gold and Platinum accounts respectively.

  •   User-friendly Trading Platform: MetaTrader 5 (MT5) is a recognized and sophisticated trading platform offered by Newton Global. It boasts a user-friendly interface, a comprehensive suite of tools, and advanced charting capabilities. MT5 satisfies diverse needs, allowing traders to conduct in-depth technical analysis and execute trades efficiently.

  •   Educational Resources: Newton Global provides educational resources to support traders, including webinars, seminars, and an NGCB Academy. This can be beneficial for beginners or those seeking to enhance their trading knowledge and skills.

  Cons

  •   No Demo Account Mentioned: The information doesn't explicitly confirm the availability of a demo account. Demo accounts are valuable tools for practicing trading strategies and familiarizing oneself with the platform without risking real capital. Their absence could be a drawback for beginners.

  •   Margin Requirements Vary: Margin requirements for opening positions can vary depending on the chosen instrument and applied leverage. This can range from 1% to 20% of the notional position value. While leverage can amplify potential profits, it also magnifies potential losses. Understanding margin requirements and trading responsibly is crucial.

  •   No Weekend Trading: Trading is unavailable on Saturdays and Sundays. This limitation could restrict trading opportunities for those who prefer to trade during weekends.

Regulatory Status

  Newton Global does not hold any regulated licenses from financial authorities. This lack of regulatory oversight means that Newton Global is not subject to the stringent regulatory standards and investor protections enforced by regulatory bodies in the financial industry. Consequently, traders should conduct thorough research before engaging with Newton Global's services, as the absence of regulatory oversight poses higher risks related to security, transparency, and accountability.

Market Instruments

  Newton Global is an investment platform that offers a variety of financial products for trading in the global markets.

  Firstly, they provide Forex trading, allowing users to trade various currency pairs around the clock. With the Forex market open 24 hours a day, traders can engage in transactions whenever they choose, taking advantage of fluctuations in exchange rates to potentially profit from currency movements.

  Additionally, Newton Global facilitates trading in Indices, which are portfolios of stocks grouped together to provide diversification and potentially lower risk compared to investing in individual stocks. Investors can access major indices like the S&P 500, DJI, and FTSE 100, among others, leveraging their positions to amplify potential returns.

  Commodity trading is another offering, enabling investors to buy and sell agricultural products and metals on exchanges. By trading commodities through CFDs or derivatives like Gold, Silver, Oil, and Coal, investors can capitalize on global trends and achieve returns on their investments.

  Lastly, Newton Global allows investors to trade or own stocks in the US and European financial markets, providing access to a wide array of companies with the highest market capitalization globally. This enables investors to diversify their portfolios and potentially benefit from the growth of leading companies across various industries and regions.

Account Types

  Three account types offered by Newton Global: Silver, Gold and Platinum.

  Silver Account

  The Silver Account is the most basic account type offered by Newton Global. It has a minimum deposit of USD 20 and an average spread of 1.5 pips onwards. This account type is suitable for beginner traders who are just starting out with forex trading.

  Gold Account

  The Gold Account is a mid-tier account type that offers more features and benefits than the Silver Account. It has a minimum deposit of USD 500 and an average spread of 0.8 pips onwards. This account type is suitable for traders who have some experience and are looking for a more competitive trading environment.

  Platinum Account

  The Platinum Account is the most premium account type offered by Newton Global. It has a minimum deposit of USD 4000 and an average spread of 0.5 pips onwards. This account type is suitable for experienced traders who are looking for the best possible trading conditions.

How to Open an Account?

  You can open a live trading account with Newton Global in a few simple steps:

  1.   Visit the Newton Global Website: Head over to the Newton Global homepage. You can likely find a “Sign Up” button prominently displayed.

  2.   Fill Out Your Details: Click on the “Sign Up” button and proceed to fill out the registration form. This will likely require information like your full name, email address, and possibly a phone number.

  3.   Navigate to Live Account Creation: Once you've successfully registered, log in to your Newton Global account. Look for a section on your client dashboard labelled “Create Live Account”.

  4.   Verify Your Identity: Newton Global, like most financial institutions, requires identity verification for security purposes. Be prepared to upload a scan or clear photo of a valid government-issued ID document, such as a passport or driver's license.

  5.   Finalize Account Opening: After uploading your ID and completing any remaining steps, your live trading account with Newton Global should be opened.

Leverage

  Newton Global offers leverage of up to 500:1, meaning you can control a position worth 500 times your initial deposit. This can be appealing as it allows you to potentially magnify your profits. However, it's important to remember that leverage also amplifies losses.

Spreads & Commissions

  Newton Global offers competitive spreads across its various account types, with average spreads starting from as low as 1.5 pips onwards for Silver accounts, 0.8 pips onwards for Gold accounts, and 0.5 pips onwards for Platinum accounts. These spreads represent the difference between the buy and sell prices of assets such as currency pairs, with lower pips indicating tighter spreads and potentially reducing trading costs for investors.

Trading Platform

  Newton Global's trading platform is powered by MetaTrader 5 (MT5), a sophisticated and versatile trading platform designed to meet the diverse needs of traders. With MT5, users have access to a comprehensive suite of tools and features for executing trades across various asset classes, including Forex, indices, commodities, and stocks. The platform offers advanced charting capabilities, allowing traders to conduct in-depth technical analysis using a wide range of indicators and drawing tools.

  Additionally, MT5 supports algorithmic trading through its built-in Expert Advisors (EAs), enabling traders to automate their trading strategies and execute trades with precision and efficiency. With its user-friendly interface, robust security features, and integration with Newton Global's services, MT5 provides traders with a powerful platform to navigate the financial markets effectively and capitalize on trading opportunities.

Deposit & Withdrawal

  Newton Global offers a range of payment methods for traders to fund their accounts and manage their transactions efficiently. These payment methods include bank transfers, credit/debit cards, and electronic payment systems.

  Margin requirements for opening positions can vary depending on the leverage provided for the instrument being traded, ranging from 1% to 20% of the notional value. For instance, if the margin requirement for a position with a notional value of $10,000 is 5%, traders would need $500 in their account to open the position, indicating a leverage of 1:20.

  You can trade 24 hours from Monday to Friday with NG MetaTrader 5 on the competitive pricing offered by Newton Global. Kindly note that trading will not be available on Saturdays & Sundays.

Customer Support

  Newton Global offers comprehensive customer support to assist traders with their inquiries and concerns. They can be reached via phone at +971 (0) 4 491 9121 or +230 (0) 245 6703. Additionally, traders can communicate with the support team via email at support@ngcbgroup.com. Whether traders have questions about account management, technical issues with the trading platform, or require assistance with transactions, the customer support team is readily available to provide prompt and personalized assistance.

Educational Resources

  Newton Global holds regular webinars and seminars to guide traders in learning about trading. Additionally, you can learn about trading basics, analysis, and trading psychology at NGCB Academy.

Conclusion

  Newton Global offers a tempting selection of tradable assets like forex, indices, and commodities, all accessible through the user-friendly MetaTrader 5 platform. Competitive spreads and educational resources might be appealing for some. However, the lack of a regulatory license and a demo account raise concerns. Weekend trading restrictions and variable margin requirements add to the considerations. Before diving in, thoroughly research Newton Global and ensure you understand the risks involved, especially with high leverage trading.

FAQs

  Question: What investment products does Newton Global offer?

  Answer: Newton Global allows you to trade a variety of financial instruments, including foreign currency (forex), stock market indexes, commodities like oil and gold, and individual company stocks.

  Question: Is Newton Global a safe platform to use?

  Answer: Newton Global is not regulated. This lack of oversight might be a concern for some investors, as regulated platforms adhere to stricter safety and transparency guidelines.

  Question: What are the minimum deposit requirements to start trading with Newton Global?

  Answer: The minimum deposit required depends on the account type you choose. The Silver account starts at $20, while Gold and Platinum accounts require higher minimum deposits.

  Question: How much leverage can I use with Newton Global?

  Answer: Newton Global offers leverage of up to 500:1, which means you can control a position worth up to 500 times your initial deposit.

  Question: What trading platform does Newton Global use?

  Answer: Newton Global utilizes the MetaTrader 5 (MT5) platform, a popular and versatile choice among traders. MT5 provides a user-friendly interface and a comprehensive suite of tools for technical analysis and trade execution.

  Question: Does Newton Global offer educational resources for traders?

  Answer: Yes, Newton Global provides educational resources such as webinars, seminars, and an NGCB Academy.

  

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Latest Reviews

fxhjjj

fxhjjj

Malaysia

Joining their program was the best decision I made this year!!!

Positive

2024-06-27

Newton Global Forex Broker has an overall rating of 2.06, Regulatory Index 0.00, License Index 0.00, Business Index 5.67, Software Index 8.80 Risk Control Index 0.00.