Search

NEW KNIGHT GROUP LIMITED Forex Broker provides real users with * positive reviews, * neutral reviews and 6 exposure review!

NEW KNIGHT GROUP LIMITED Broker Review

1.43

WikiFX monitor

Business

Influence E

License

No license

NEW KNIGHT GROUP LIMITED Review 6

Latest All(6) Exposure(6)
Exposure
Stole my assets!

I have $8492.08 in limbo=stolen

Mike3322
2022-12-04
Exposure
I discovered a method to overcome

I made a withdrawal request on the 14th of September but it was rejected once, so I reapplied on the 16th although it showed that it was completed, the money did not

FX57947855
2022-11-01
Exposure
NEW KNIGHT GROUP CAN STILL BE TRACKED

When I realized their website was down then I knew something was wrong which is why I had to make consultations with the right authorities on the next step. Their digital footprint and the financial transactions made to them were all tracked and the actions that allowed this to happen is represented in my proof of deposits and others.

FX3747971676
2022-11-01
Exposure
Scam website, unable to withdraw

New website was launched, https://user.newkht.info/login, I even tried to withdraw but they made an excuse of the hard fork, its already have been over a month since ETH had a fork, but you can still deposit?  Doesn't that sound strange?  Luckily the funds were still there, but weeks later, funds were traded and depleted with a negative balance.  My understanding MT5 does not allow margin trading to go below a certain amount, it automatically cancels.  There should aways be positive funds.New website, there is no history of your past trades, just all of the sudden someone decided to trade for you and funds are gone.

blew888
2022-10-31
Exposure
Absconded

There is no way to log in, and the money is also gone. I have been contacting the customer service to withdraw the money. The system has been upgraded for a long time.

小平民
2022-09-12
Exposure
Unable to withdraw

The fraud broker NEW KNIGHT GROUP LIMITED trades on the MT5 platform, and uses the foreign exchange to deposit funds. When applying for withdrawal, the only contact method on the Internet is LINE online customer service. Although the so-called official website is registered in Australia, it does not have any Formal enterprise tax number, business address or contact information, the only contact is the email. According to the information query bundled in MT5, it is an online company address from Hong Kong, that is, the APP can be copied at any time in high yield. The so-called "referrals" don't give you time to search for information when they take you, and will downplay the hidden black dealers. Just to tell you that NEW KNIGHT is just a currency exchange company, all funds are controlled in the NEW KNIGHT account, not MT5. When the application amount is large, they are all rejected, and they are told to pay more security deposit before they can unfreeze the funds. It is undoubtedly a bottomless pit and a black account. met a liar. When the relationship between them is sorted out, it is too late. At the same time as the tricks of the liar are constantly updated, either do not do it, it is necessary to spend time to identify it.

小丽丽
2022-08-23

  

New Knight Group Limited 2025 Review: Everything You Need to Know

  The New Knight Group Limited has garnered significant attention in the forex trading community, predominantly due to its controversial reputation. This review synthesizes various insights from multiple sources, highlighting the broker's questionable legitimacy, user experiences, and the potential risks involved in trading with this entity.

  Note: It is crucial to recognize that New Knight Group Limited operates under different entities across various jurisdictions, which raises concerns about its regulatory compliance and overall trustworthiness.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service 1
Trading Setup 2
Trust Rating 1
User Experience 2

  We evaluate brokers based on their performance in key areas that affect traders' experiences and safety.

  

Broker Overview

  Founded in 2007, New Knight Group Limited claims to be a financial brokerage registered in Sydney, Australia, with purported branches in the United States, Vanuatu, and Hong Kong. However, there is no verifiable regulatory authority backing this claim, as it lacks a legitimate license from any recognized financial regulatory body, such as the Australian Securities and Investments Commission (ASIC) or the Financial Conduct Authority (FCA). The broker primarily offers trading through the popular MetaTrader 5 (MT5) platform, allowing users access to various trading instruments, including forex pairs, commodities, and indices.

  

Detailed Analysis

  

Regulatory Status

  New Knight Group Limited operates without any regulatory oversight, which is a significant red flag for potential investors. The absence of a regulatory license means that traders have no safety net in case of disputes or issues with fund withdrawals. According to various sources, including WikiFX, all claims regarding regulatory compliance are misleading, as the broker is not listed in any regulatory databases. This lack of transparency raises concerns about the safety of funds deposited with New Knight Group Limited.

  

Deposit and Withdrawal Methods

  The broker exclusively accepts cryptocurrencies for deposits and withdrawals. This method is favored by many scammers, as it provides anonymity and makes it nearly impossible to recover funds once sent. Reports indicate that users have faced numerous challenges when attempting to withdraw their funds, with some claiming that their accounts were blocked or that they were asked to pay exorbitant fees before they could access their money. As highlighted by Valforex, this practice is indicative of a fraudulent operation.

  

Minimum Deposit Requirements

  New Knight Group Limited requires a minimum deposit of $1,000, which is considered excessively high compared to industry standards. Most reputable brokers allow new traders to open accounts with deposits as low as $100 or even less. This high entry barrier may deter novice traders and indicates that the broker is more interested in securing large deposits rather than fostering a diverse trading community.

  

Trading Costs and Conditions

  Users have reported that spreads offered by New Knight Group Limited are significantly wider than those from regulated brokers, with the EUR/USD spread starting at 3 pips. In the forex trading industry, a spread above 2 pips is generally viewed as unfavorable. Moreover, there are no clear details on additional commissions or fees associated with trading, which could further erode traders' profits. The broker also advertises leverage up to 1:500, which is not compliant with regulations in most jurisdictions, where leverage is typically capped at 1:30 for retail traders.

  

Customer Support

  Customer service appears to be one of the weakest aspects of New Knight Group Limited. Many reviews mention a lack of accessible contact information, with no phone number or email provided on their website. Communication is limited to a live chat feature, which often leads to frustration among users. Reports from Crypto Complaint indicate that once funds are deposited, the broker is unresponsive to inquiries, leaving traders feeling abandoned.

  

User Experiences and Expert Opinions

  Numerous user reviews indicate a pattern of negative experiences when dealing with New Knight Group Limited. Many traders have reported issues with withdrawing their funds, claiming that the broker either blocked their accounts or delayed processing withdrawals indefinitely. According to Forex Peace Army, users have described their experiences as akin to a Ponzi scheme, where funds from new investors are used to pay off older ones, creating an illusion of profitability.

  In summary, the New Knight Group Limited review reveals a broker that operates without proper regulatory oversight, imposes high entry barriers, and exhibits questionable business practices. Users are advised to exercise extreme caution and consider more reputable, regulated alternatives for their trading needs.

NEW KNIGHT GROUP LIMITED review