NEWBLOCK TRADING LIMITED is a Contract for Difference (CFD) broker that was established in Cyprus on May 28, 2020. It primarily provides CFD trading services to investors, but the address of its headquarters is not disclosed. This broker offers services only in certain countries within the European Economic Area.
Corporate Registration and Regulatory Status:
The official website of NEWBLOCK TRADING LIMITED states, "NEWBLOCK TRADING LIMITED is a Cyprus Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission with license number CIF. NEWBLOCK TRADING LIMITED's registration number is HE409657. The company's registered address is ."
In reality, the broker's official website does not reveal its license number and registered address, and the link to its license certificate is also inoperable. Upon verification, it is found that an entity named NEWBLOCK TRADING LIMITED, with the registration number HE409657, exists in the Cyprus Companies Registry and Intellectual Property Department. However, this entity is not authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), meaning it operates without regulation.
Additionally, NEWBLOCK TRADING LIMITED is part of the same group of companies as Modmount Services Limited, Peaksight Ltd, and FX Novus (Pty) Ltd. According to Whois information, the domain name of the broker's official website was registered on April 19, 2022, and also on March 28, 2022.
Account Opening:
The broker's official website does not provide any account opening portal.
Account Information:
NEWBLOCK TRADING LIMITED's official website does not offer any information about account types, nor does it provide key details such as spreads, trading leverage, trade volume, trading commission, or deposit amounts.
Trading Platform:
The broker's official website does not provide any information regarding its trading platform.
Deposits and Withdrawals:
The broker has not provided any related information.
Conclusion:
Traderknows warns investors that NEWBLOCK TRADING LIMITED is an unregulated broker, suspected of false advertising. Many key details are missing from its official website, and contact options are extremely limited. Therefore, Traderknows advises investors to avoid this broker when choosing a trading platform and to opt for those with strong regulation and a good reputation to prevent unnecessary financial losses.
Currently, this broker is marked as "Suspected of Fraud" on Traderknows.
