Another Regulatory Warning Against the NewFX Broker Scheme!

Consob blocked NewFX websites again
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As reported by FinTelegram, over the past few years, financial market regulators have warned several times about the unauthorized NewFX broker scheme. A few days ago, the Italian Consob also blocked NewFX‘s websites for Italian consumers (again) for the new active domain www.newfxtrading.com. NewFX is connected to other offshore brokers, such as DBFX or OnspotBNK, and the FCA-regulated One Financial Markets. We included the broker in our “Red Compliance” list!

Key data

Trading nameNewFX
https://newfx.us (old)
Legal entitiesNew Finance LLC (Delaware)
NewFX Limited (old)
DBFX Limited (old)
Contact data+357 2209 0674
+357 9617 0021
Broker platformSirix by Leverate
Payment processorsPraxis, FasaPay, Jeton, PayRetailers
Alfacoins, CoinDeck
WarningsCNVM against NewFX
MFSA against NewFX
Consob against NewFX
Consob against NewFX
Compliance ratingRed
Related brandsDBFX, OnspotBNK, DubaiFXM

Short narrative

The NewFX offshore broker scheme works with different domains and offshore entities. However, the actual work is also done in Cyprus. Cypriot phone numbers are given in the emails and on the website.

As a facilitating payment processor of NewFX, we found the Praxis Cashier, through which payments can be made via credit and debit cards, FasaPay, Jeton, PayRetailers, and cryptos. Clients can make crypto deposits via credit and debit cards via CoinDeck. In addition, NewFX also accepts direct deposits of various cryptocurrencies to their wallets.

The NewFX scam uses the same payment templates as DBFX, OnspotBNK, or DBinvesting. Obviously, these offshore brokers are closely connected with the FCA-regulated OneFinancialMarkets.

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If you have any information about NewFX, DBFX, DBinvesting, their operators, and facilitators, please share it with us through our whistleblower system, Whistle42.

  1. give me my money back you ruined my life
    i have only my money left



    I apologize in advance for spelling errors

    more or less 7 months ago I put my number on a site to invest in Amazon, I was contacted by you, who immediately asked to invest in amazon and if there was a way to do something automatic without taking time away from my family, I the girl immediately said yes … she asked me how much she wants to invest, I replied 250 I was, she tells me if you can get to 500 you would have given me 750 … I said okay …. made the first transfer .. .then he tells me that Manuel, his manager, would contact me shortly for a chat …ok

    after a few minutes she called me

    kind and friendly he tells me if I had put in another 2000 euros you would have given me 5000 so I could operate more even though I had told them that I just wanted to invest in amazon and I had time for this type of thing … but I trusted … and I made the 2nd transfer

    that she had me followed by one of her best brokers Cristian and asked me for my trading objective, I answered them 150-200 euros a month to get rid of some whim from my daughter

    Cristian calls me and has 12 small protected operations done to show me how it works

    I told them that I just wanted to invest in Amazon, he replied that Amazon needs a few months to see any results, I replied I’m not in a hurry …. but nothing

    after a few days he contacted me and told me that there was an investment that he thought was very profitable (bitcon) but I had to invest another 18,000 euros, I was reluctant, I didn’t want to do it, after a few insistent phone calls he convinced me and I made 2 trances 1 (6150) and more ( 11850)

    August arrives I was on holiday he contacted me he told me that there had been some control problems that they would give me back the wire transfers on the 1st (6150) he came back (6142) the second no after 1 week

    he asked me to do a bank recall, so I rushed my wife (since she doesn’t work) to the bank

    we did the recall which was successful (11842)

    Cristian tells me we’ll send you another bank transfer, I did the 6150 one but I didn’t want to do the 11850 one anymore, I said to myself that’s enough I’ll stop here …. After some insistence from Cristian I didn’t give in I didn’t want to put them anymore

    so one Monday Cristian called me and told me that he wouldn’t grind me (I would have preferred he had grinded me) he made me open the ngas (buy and sell) and he told me that we would raise 11850 by doing those operations I said to myself (fine) and I asked them what should I do

    he replied “how do you see that either the buy or the sell in profit plus 500 was closed and reopened”

    so I did

    after a week or so and a little more I received a message

    Hello Mohammed,
    I’m Vittorio Costa.
    Cristian will be out of the office on a company trip until day 12.
    He left me your account “in custody”.
    Do not hesitate to contact me at any time, and write to me when it is more convenient for you to hear from us during the day. At least one appointment a day.
    I hope all is well, he told me Cristian that you have lost some faith and enthusiasm in the project.
    I’m so sorry, I take the blame for everything you went through.
    I await your contact.

    and my absolute decline

    he made me open the oil same speech buy and sell without explaining anything
    then dowjons then they abandoned me a week

    came back he told me that things were not going well that I had to put 11850 to close the negativity so I did

    but instead of closing, he made me open the grain without explaining anything to me, always the usual buy and sell discourse

    after a week he called me and said that the transactions are expiring I had to put another 20,000 in order not to lose the money … I said make them expire I won’t put anything more
    he told me you’re crazy I replied that it’s my fault if I was put like this I have nothing to do with it
    he said “please don’t let the operations expire he would have lost his job”
    after some insistence telling me we’ll give you 125 percent at least we can close something ”
    I made the transfer
    but the credits hadn’t gone up
    I asked why he told me that he would have Stefano call me ….
    Stefano my name is and he told me that I had to put another 20,000 as they come in we’ll make you return 10,000 also said by Manuel
    I hallucinated ,,, I wanted to close everything and file a fraud report
    I didn’t have any more money, I replied
    nothing to do I would have lost everything
    believe me I never asked my wife for money (and I did that day)
    humiliated and demoralized
    I put another 20,000 but the credits only 60 percent
    and tell me the other 60 percent were served to open trades (which I didn’t want and didn’t know they were expiring)
    I only got 3000 back
    I just told you the plain truth

    Do you think it’s not a scam?
    Do you think I was wrong?
    Do you think I’m crazy?
    do you think I have not been bypassed?

    my request is 40,000 out of 57,000, it seems to me an acceptable sum since it’s not my fault

    I have debts to pay at the end of the month and maybe you can save my family

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