Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
tabawan_dreamer
Within 1 year

What are the primary advantages and disadvantages of doing business with NEWRGY IMEX?

Broker Issues
NEWRGY IMEX
Regulation
05-21
United States
WikiFX
Reply

As a trader with years of experience evaluating brokers, I approach every new firm with caution, and my experience investigating NEWRGY IMEX has underscored the importance of this mindset. The firm claims to offer a variety of tradable products, including forex, stocks, commodities, and derivatives, and operates through its proprietary mobile platform. In theory, this kind of access can be appealing to traders who want diversity and trading convenience. However, when digging deeper, several critical red flags became immediately apparent. NEWRGY IMEX is entirely unregulated, and I could not confirm any legitimate oversight or licensing anywhere. The inability to access their official website, along with the lack of transparency about key metrics like minimum deposit, spreads, or leverage, immediately raised my suspicion—any reputable broker normally has this information front and center. Most concerning for me are the overwhelming number of detailed reports from users alleging severe withdrawal issues, blocked accounts, disappearing funds, and demands for dubious “tax” payments before any withdrawal is even considered. As someone who has seen many brokerages come and go, I know these are strong indicators of potentially fraudulent activity. I did not find any credible evidence that anyone had successfully made a withdrawal. Given these user experiences and the utter absence of regulatory protection, I would personally avoid NEWRGY IMEX under any circumstance, as the potential risks far outweigh any apparent benefits. Protecting capital is always my first priority, and with this broker, I saw too many unresolved dangers to proceed.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com