New Finance Services: customer reviews about the company in 2023
New Finance Services: customer reviews about the company in 2023
Jokes with scammers are bad, they skillfully gain the trust of newcomers and drain funds. Sometimes losses amount to thousands of dollars. New Finance Services is one of such scammers, the number of negative reviews about this company is increasing every day. In a comprehensive review, we will tell you what facts reveal it as a second-rate money-grubber.
Key facts about New Finance Services
According to legend, New Finance Services already collaborates with 10K traders, and the number of 5-star reviews is over three hundred. It is hard to believe this, as in fact, the first feedback started appearing only a month or two ago. Moreover, in the reviews, real clients criticize this company and call it fraudulent.
We checked the domain history and found out that finservice.limited was officially registered on January 6, 2023. So, the scam lied about both the large number of clients and positive reviews.
You cannot count on the broker to support you in trading and help with current issues. The platform lists fake contacts. This is what the verification of the phone number revealed.
The Client Agreement describes oppressive conditions. In particular, the company reserves the right to delete or deactivate a user’s account, block their IP or email address, and terminate the provision of brokerage services. A trader will not be able to prove fairness and recover the invested funds.
Regulated broker or not?
New Finance Services claims to be officially registered in the UK and fully regulated. The platform has active links to the Companies House and FCA registers. At first glance, the organization does seem to have all legal documents in order. However, this is a deceptive impression.
The real New Finance Services received a certificate of incorporation back in 2003, at a time when our review subject did not exist in nature. Scammers took advantage of the fact that the UK Companies Registry is open to public access, allowing anyone to obtain information from there.
Regarding the FCA license, it is active and was issued to the actual New Finance Services in 2015. However, this company has a completely different website – new-finance.co.uk.
In reviews, people tell the truth that our review subject is a typical scammer on whom one cannot rely on honesty. The growing number of comments in the Russian-speaking segment indicates active promotion of the offer in Russia, Kazakhstan, and Belarus. New Finance Services does not have licenses from local regulators.
What is offered on the platform?
New Finance Services promises reasonable investments so that everyone can achieve financial freedom. The list of available financial instruments includes currency pairs, energy commodities, futures, metals, and stock indices. The scam does not provide a demo account for risk-free practice but uses a low entry threshold (from $100) as bait. It offers several types of accounts with the following features:
- entry threshold from $100 to $100,000,
- account manager services and personal analyst (several training courses),
- bonus offers (e.g., 50% for Standard and up to 25% for Classic accounts),
- training and analytical tools,
- daily market reviews,
- commission payments to analysts at 9-10%.
The pseudo-broker does not specify the size of spreads, leverage, detailed regulations of financial operations. Users note in reviews that everything boils down to draining capital from others’ wallets. Nobody is going to pay.
Reviews about New Finance Services
The first reviews about New Finance Services appeared recently. This only confirms that we are dealing with a fresh scam project. Users note that the company unjustifiably blocks accounts and does not allow even the withdrawal of their own savings.
Do you want to share important facts about our review subject? Publish a review using the special form located below the article.
How does the scam work?
New Finance Services offers each client the assistance of a personal manager. The mentor is supposed to help with trading, but this is according to the legend. In reality, scammers have a different goal – they provide false recommendations to quickly drain the user’s deposit. And when the trader is left penniless, they block their account and stop communicating.
Conclusion
New Finance Services uses others’ documents to gain clients’ trust. By registering on this platform, you risk being left without means of subsistence. There are no earning opportunities, and the fraudulent company does not even have access to the real market. Liquidity providers will not cooperate with a pseudo-broker who operates on deceit.