NEWTON GLOBAL

Newton Global, operating under the legal name Newton Global Commercial Business (NGCB) Ltd, is a retail forex and CFD broker established in Mauritius in 2023. Its registered office is at Suite 101, 10th Floor, Premier Business Centre, Sterling Tower, 14 Poudriere Street, Port Louis, Mauritius. The broker targets traders in Africa and Asia, positioning itself as a platform for both novice and seasoned traders.

According to its website, the company was founded in 2022 and is part of the 'NGCB Group', with additional offices in the UAE and Vanuatu. However, independent records confirm its incorporation date as March 22, 2023, and show no verified regulatory licences.

FXCanary’s records indicate that Newton Global is not regulated by any financial authority. The broker’s website claims regulation by the Mauritius Financial Services Commission (FSC) under registration number GB22200758, but this claim could not be independently verified through the FSC’s public register. Traders should exercise extreme caution, as unregulated brokers offer no recourse in case of disputes or financial loss.

The lack of regulation is a significant red flag. While brokers in Mauritius may operate without a full investment dealer licence if they hold a Category 1 Global Business Licence, no such licence was found on file for NGCB Ltd.

Newton Global offers three account tiers designed to cater to different capital levels. The Silver account requires a minimum deposit of $500 and offers spreads from 1.5 pips. The Gold account requires $2,000 with spreads from 0.8 pips. The Platinum account requires $10,000 with spreads from 0.5 pips.

These account types are structured to incentivise higher deposits with lower spreads. However, there is no indication of maximum leverage on any account, which is unusual for brokers that typically advertise leverage caps. The broker’s website mentions leverage up to 1:500 in its company description, but this is not reflected in the account-specific pages.

The broker offers the MetaTrader 5 (MT5) platform, a widely used multi-asset trading platform. It also promotes a proprietary platform called 'NG Trader', which it claims has execution speeds under 0.3 seconds and advanced charting tools. Both platforms are available via desktop, web, and mobile.

Newton Global lists forex, commodities (including gold, silver, oil, coal), indices (S&P 500, DJI, FTSE 100), and stock CFDs as tradeable instruments. The website emphasises the ability to trade with leverage and flexible spreads, but specific details on leverage ratios per instrument are not provided.

The broker’s website does not clearly list accepted payment methods. While the minimum deposit is stated as $20 on some pages, the account tiers start at $500. This inconsistency suggests that the $20 minimum may apply only to a basic account not explicitly listed, or it may be an error.

Withdrawal procedures are not described on the site. Typically, unregulated brokers have less transparent withdrawal policies, which can lead to delays or denial of funds. Potential clients should verify this information before depositing.

Newton Global explicitly prohibits citizens and residents of the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan from using its services. This is common for offshore brokers seeking to avoid strict US regulations.

The broker appears to target traders in Africa and Asia, as suggested by its website content and mention of South Africa in some page URLs. However, it does not hold licences in any of these regions, which means local regulatory protections do not apply.

The broker maintains a presence on Facebook, Instagram, LinkedIn, and YouTube. Its website claims a partnership with the 'Forbes Select' network, but this claim is unverified. The company description also mentions collaboration with Swiss banks, which may be a marketing tactic without factual backing.

Given the lack of regulatory oversight, such claims should be treated with scepticism. Traders are advised to conduct independent due diligence and consider the risks of trading with an unregulated entity.