New Win FX is a forex broker established on March 21, 2021, in Saint Vincent & the Grenadines, primarily providing investors with services in forex, stocks, indices, commodities, and precious metals trading. Additionally, the company recruits agents. The official website of New Win FX is https://newwinfx.com/, supporting English, Malay, Thai, and Vietnamese. According to information retrieved from Whois, their website domain was registered on March 11, 2021. The company does not provide services to residents of Afghanistan, Cambodia, Cuba, Iraq, Iran, North Korea, Sudan, Syria, Somalia, Ukraine, Venezuela, and the United States. Potential competitors include FreeCopyCatTrades, FOLLOWME, ZuluTrade, TraderWagon, PreferForexSSFX, among others.
Company Background
The registered entity of New Win FX is New Win LTD, with a registered address at Suite 305, Griffith Corporate Center, Beachmont, Kingstown St. Vincent and the Grenadines. Queries with the Financial Services Authority of Saint Vincent & the Grenadines (SVGFSA) show that the company's registration number is 26233, and the company is registered as an International Business Company (IBC).
Trading Software
The company provides its proprietary New-Win Trader trading platform for users.
Account Types
New Win FX offers six different trading accounts for users, including:
- STANDARD (A)
- STANDARD (B)
- REAL PRO
- RAW SPREAD
- PAMM & SOCIAL TRADE
- STANDARD NWT
Users can choose among these account types according to their trading needs.
Regulatory Status
The Financial Services Authority of Saint Vincent & the Grenadines (SVGFSA) does not "regulate, monitor, supervise or license" business companies (BC) engaging in forex trading or brokerage. Their regulatory remit is limited to ensuring that BCs comply with the obligations stipulated in the Saint Vincent and the Grenadines Business Companies (Amendment and Consolidation) Act, Chapter 149 of the revised laws of Saint Vincent and the Grenadines, 2009.
New Win FX is registered as an International Business Company (IBC) in Saint Vincent & the Grenadines and does not possess a forex license from the Financial Services Authority of Saint Vincent & the Grenadines (SVGFSA), only adhering to the obligations set out in the Saint Vincent and the Grenadines Business Companies (Amendment and Consolidation) Act.
Conclusion
Trading Circle Encyclopedia reminds traders that the Financial Services Authority of Saint Vincent & the Grenadines (SVGFSA) does not regulate foreign exchange trading activities or issue forex licenses. As a result, New Win FX operates without regulatory oversight, which is considered illegal, posing a risk of capital loss for users. Trading Circle Encyclopedia advises selecting investment platforms with a good reputation, transparent enterprise information, and proper regulatory oversight.
