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NEW KNIGHT GROUP LIMITED -

Score

1.40 /10
Danger

NEW KNIGHT GROUP LIMITED

Australia

Scam Brokers

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://nknight.live

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Comparison

Quantity 6

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.14

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

NEW KNIGHT GROUP LIMITED

Company Abbreviation

NEW KNIGHT GROUP LIMITED

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2024-11-16
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Exposure

6 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Stole my assets!

I have $8492.08 in limbo=stolen

2022-12-04 08:19
Scam

Scam website, unable to withdraw

New website was launched, https://user.newkht.info/login, I even tried to withdraw but they made an excuse of the hard fork, its already have been over a month since ETH had a fork, but you can still deposit?  Doesn't that sound strange?  Luckily the funds were still there, but weeks later, funds were traded and depleted with a negative balance.  My understanding MT5 does not allow margin trading to go below a certain amount, it automatically cancels.  There should aways be positive funds.New website, there is no history of your past trades, just all of the sudden someone decided to trade for you and funds are gone.

2022-10-31 06:53
Unable to Withdraw

NEW KNIGHT GROUP CAN STILL BE TRACKED

When I realized their website was down then I knew something was wrong which is why I had to make consultations with the right authorities on the next step. Their digital footprint and the financial transactions made to them were all tracked and the actions that allowed this to happen is represented in my proof of deposits and others.

2022-11-01 03:23
Scam

Absconded

There is no way to log in, and the money is also gone. I have been contacting the customer service to withdraw the money. The system has been upgraded for a long time.

2022-09-12 11:08
Unable to Withdraw

I discovered a method to overcome

I made a withdrawal request on the 14th of September but it was rejected once, so I reapplied on the 16th although it showed that it was completed, the money did not

2022-11-01 04:08
Unable to Withdraw

Unable to withdraw

The fraud broker NEW KNIGHT GROUP LIMITED trades on the MT5 platform, and uses the foreign exchange to deposit funds. When applying for withdrawal, the only contact method on the Internet is LINE online customer service. Although the so-called official website is registered in Australia, it does not have any Formal enterprise tax number, business address or contact information, the only contact is the email. According to the information query bundled in MT5, it is an online company address from Hong Kong, that is, the APP can be copied at any time in high yield. The so-called "referrals" don't give you time to search for information when they take you, and will downplay the hidden black dealers. Just to tell you that NEW KNIGHT is just a currency exchange company, all funds are controlled in the NEW KNIGHT account, not MT5. When the application amount is large, they are all rejected, and they are told to pay more security deposit before they can unfreeze the funds. It is undoubtedly a bottomless pit and a black account. met a liar. When the relationship between them is sorted out, it is too late. At the same time as the tricks of the liar are constantly updated, either do not do it, it is necessary to spend time to identify it.

2022-08-23 10:39
NEW KNIGHT GROUP LIMITED · Company summary
basic-info

General Information

Founded in 2007, NEW KNIGHT GROUP LIMITED is a financial brokerage firm registered in Sydney, Australia, with its branches in the United States, Vanuatu and Hong Kong. NEW KNIGHT GROUP LIMITED boasts that it provides access to various trading instruments thorough the MT5 trading platform, and the minimum deposit to start with this forex broker is as high as $1000.

Please note that NEW KNIGHT GROUP LIMITED does not hold any regulatory license to show it operates legally.

Minimum Deposit

In the FAQ section, NEW KNIGHT GROUP LIMITED says that the minimum deposit is 1000 USD, which is absurdly high. most licensed brokers offer more affordable terms for novice traders, including Starter account with a minimum initial deposit of 100 USD or even less.

Leverage

NEW KNIGHT GROUP LIMITED offers flexible trading leverage from 1:100 to 1:200, generous offering yet with high risk.

Leverage may increase potential risks on one hand, but it can cause serious fund losses, especially to experienced traders. So, it is wise for them to choose the safe leverage ratio no more than 1:10.

Spreads

In NEW KNIGHT GROUP LIMITED MT5 trading platform, we discovered the spread on the EUR/USD pair is starting at 3 pips. However, in the forex industry, a spread over 2 pips is considered wide for forex traders. Furthermore, it is not clear if there are additional commissions for trading.

Trading Platform

NEW KNIGHT GROUP LIMITED says it provides easy access to the advanced MT5 trading platform, which is among the most popular trading platforms around the world.

MT5 trading platform features powerful charting tools, multiple technical indicators, as well as EA supported to operate automated trading.

trading-platform

Negative Reviews

Some traders shared their awful trading experience on the NEW KNIGHT GROUP LIMITED platform, complaining that this forex broker stole this deposited money, and blocked their trading accounts. This broker involves serious withdrawal problems. Come to WikiFX to see the whole story.

negative-reviews

Payment Methods

Like most scammers, NEW KNIGHT GROUP LIMITED accepts cryptocurrencies as the only payment methods for clients to make a deposit and withdrawal:

payment-methods

Scammers prefer cryptocurrencies because these transactions are not subject to refunds. Legit forex brokers typically work with a series of payment processors, such as Credit Cards, PayPal, Skrill, Neteller, and more.

Customer Support

Worryingly, NEW KNIGHT GROUP LIMITED left its clients nowhere to turn to since no contact information can be found. This can be served as further evidence that this forex broker is just a scammer established purely for extract traders available funds.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

User Reviews

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User comment

6

Comments

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FX3925864476
more than one year
First Su Ya finds you on WhatsApp, strikes up a conversation due to accidentally sending to the wrong number (stupid assistant). Says nice things to you. Decides you might know a lot about Forex, really smart, can do it with her help. Come use my family's Forex Trading Site: New Knight. I'll help you. Money goes in, but money never comes out. I think it's a training site that inputs real Forex numbers for XAUUSD, and you aren't supposed to notice the extra letter they added.
First Su Ya finds you on WhatsApp, strikes up a conversation due to accidentally sending to the wrong number (stupid assistant). Says nice things to you. Decides you might know a lot about Forex, really smart, can do it with her help. Come use my family's Forex Trading Site: New Knight. I'll help you. Money goes in, but money never comes out. I think it's a training site that inputs real Forex numbers for XAUUSD, and you aren't supposed to notice the extra letter they added.
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2023-04-10 14:57
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FX1082635599
more than one year
It's ridiculous. I wanted to withdraw, but customer service told me that their system was being upgraded and they could not withdraw for the time being, so I was asked to wait patiently. I'm just wondering, why are deposits without any problems? When it comes to withdrawals, there are so many problems that stop me.
It's ridiculous. I wanted to withdraw, but customer service told me that their system was being upgraded and they could not withdraw for the time being, so I was asked to wait patiently. I'm just wondering, why are deposits without any problems? When it comes to withdrawals, there are so many problems that stop me.
Translate to English
2022-12-05 15:34
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