Pseudo-legal broker New Financial Center: review of activities and reviews

Pseudolegal broker New Financial Center: activity overview and reviews

There is nothing good in deceiving and cheating people. However, some brokers, including New Financial Center (NFC), resort to all tricks to attract traders, using false promises and a legitimate facade. However, according to user reviews, NFC employs typical fraudulent methods aimed at extracting funds from clients. In this review, we will discuss why it is worth avoiding opening an account with this CFD broker.

What is known about New Financial Center?

From the very beginning, NFC promises a unique trading experience, which seems dubious. It is better to verify the information presented on the official website of the CFD broker. The following statistics are available:

• recently opened 637 accounts,
• total of 46,785 accounts registered,
• 12 million transactions,
• over 5 million successful payouts.

However, according to user reviews, this statistics is fake. It is intended to deceive gullible individuals who will believe in loud statements without conducting additional checks.

According to information on newfcenter.com, the managing company of the CFD broker is E. T. K. Inc Ltd. This is an offshore company registered in the Marshall Islands. Experience from similar reviews shows that scam projects choose registration in offshore zones, indicating their dishonest activities.

The legal address is stated as: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Island MH96960. However, in reality, there is no headquarters of the company “New Financial Center” at this address.

In the “Contacts” section on newfcenter.com, several ways of contacting support are provided:

• feedback form,
• email: [email protected],
• phone numbers: +7 (499) 504 28 54 (Russia, Moscow), +44 (20) 380 786 14 (UK, London).

A few words about the license. The main page of “New Financial Center” displays the FSA logo (an authoritative regulator from the UK) and the permit number (663021). Verification showed that this document does exist in the database. However, the permission was issued to New Leaf Financial Services Ltd from the UK, which has no connections to NewFCenter. Scammers copied the document and used it for their purposes.

Honest review of the site newfcenter.com

The resource of the pseudobroker “New Financial Center” looks standard and like a copy of other similar projects. The creators did not invest in developing a quality resource, indicating their desire to quickly extract money from gullible traders. Scammers understand that a scam project will not last long due to negative reviews that will quickly undermine the trust of potential clients.

The moderators of newfcenter.com have nothing substantial to offer, so the site is filled with empty promises. The domain was registered only in December 2019, contradicting the claimed 12 million transactions and almost 5,000 clients.

The server IP addresses are located in Russia, indicating that the pseudobroker New Financial Center is targeting traders from the post-Soviet space. The site does not have a valid SSL certificate, threatening the security of user data.

The design of newfcenter.com is poor, and the information is insufficient. The target audience includes newcomers, inexperienced in financial markets. Professionals will not fall for the false promises of charlatans from New Financial Center.

How to register on newfcenter.com?

Trader reviews indicate the simplicity of the registration process on newfcenter.com. Simply click the “Register” button in the top right corner of the NewFCenter site and fill out the provided form:

• name and surname,
• email address,
• phone number,
• password.

“New Financial Center” does not request agreement to a client agreement, it is implied by default. By registering on the NewFCenter site, the trader agrees to the terms of cooperation, which may be disadvantageous for the client.

Account types: conditions overview

New Financial Center requires a minimum account deposit of $5,000, which is a significant amount. Despite having several types of accounts on the site, their conditions are not detailed:

• Basic. Starting deposit – $5,000, leverage up to 1:500, 24/5 support, floating spread, unique strategy and business plan, trading signals,
• Standard. Same conditions as Basic, the only difference is the deposit amount – $10,000,
• Premium. Starting deposit – $25,000, conditions are similar to other accounts,
• VIP. Minimum top-up – $50,000, conditions are similar to other accounts.

A demo account is not available, depriving clients of the opportunity to practice without risk. Instead, assistance is offered by a “financial advisor” who, as claimed, will help with trading, although in reality, their goal is to quickly wipe out the account.

Deposit/Withdrawal methods

NewFCenter works with various payment systems:

• Mastercard,
• VISA,
• Maestro,
• Pay Card,
• WIRE Transfer.

Information on the fund crediting schedule and commissions is absent on the site, raising suspicions about the company’s intentions not to pay out funds.

What do clients write in reviews about “New Financial Center”?

Although NewFCenter claims to have been operating in the market since 2009, according to reviews, the project was launched recently, as evidenced by the initial reviews. The broker’s site is full of positive reviews, casting doubt on their authenticity.

How do they scam at New Financial Center?

New Financial Center is in the active promotion stage, and there are few reviews at the moment. However, it is certain that negative reviews will start to appear in the near future.

Offering over 400 assets and “financial advisors,” New Financial Center promises earnings through trading. Despite the terms of the client agreement and the deposit, some traders, ignoring warnings, register on NFC. After losing funds, they are left only with writing negative reviews, as the offshore company “New Financial Center” does not take responsibility.

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Review summary

NFC — a fake CFD broker, whose activity should be avoided. The lack of legal basis indicates illegal activity. Do not trust the promises of scammers and protect your finances!