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Not Regulated
Score
1.59 /10
Danger
New Direction
5-10 yearsQuestionable Regulatory License
Suspicious Operational Region
High Potential Risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.60
Risk Management Index0.00
Software Index4.00
License Index0.00
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
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Warning: Low score, please stay away!
2
Previous Detection :
2026-07-17
- This broker lacks valid forex regulation. Please be aware of the risk!
- Current data indicates that this broker does not have trading software. Please be aware of the risk.
WikiFX Verification
| New DirectionReview Summary | |
| Founded | 2002 |
| Registered Country/Region | United States |
| Regulation | No regulation |
| Market Instruments | Real Estate, Private Equity, Private Lending, Checkbook IRA/LLC, Precious Metals |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | NDTCO client portal |
| Minimum Deposit | / |
| Customer Support | Contact form |
| Fax: 303.665.5962 | |
| Phone: 303.546.7930 | |
| Social Media: Facebook, Twitter, Instagram, LinkedIn, YouTube | |
| Address: 1070 W Century Dr. Louisville, CO 80027 | |
New Direction Information
Founded in 2002, New Direction is a U.S.-based company focused on providing self-directed investment accounts and a wide range of financial products, including real estate, private equity, private lending, individual retirement accounts (IRAs)/ limited liability companies (LLCs) for checking accounts, precious metals, and other investment options. The platform supports a variety of account types, including Traditional Individual Retirement Accounts (IRAs), Roth IRAs, Simple IRAs, Health Savings Accounts (HSAs), Individual 401 (k), Inherited IRAs, Simplified Employee Retirement Accounts (SEP IRAs), and Coverdell Education Savings Accounts (ESAs) to meet the financial needs of different customers. However, New Direction is not currently regulated by any regulatory body, which presents certain risks in terms of transparency and user protection.
Pros & Cons
| Pros | Cons |
| A variety of investment choices | No regulation |
| Clear fee structure | |
| Various account types | |
| Multiple contact channels |
Is New Direction Legit?
New Direction was registered in 2002 and is unregulated. Traders are required to do their due diligence and use their funds carefully before trading.
What Can I Trade on New Direction?
New Direction offers a range of self-directed investment options, including Real Estate, Private Equity, Private Lending, Checkbook IRA/LLC, Precious Metals, and Other Investments, allowing investors to diversify their portfolios with tax-advantaged retirement funds.
| Tradable Instruments | Supported |
| Real Estate | ✔ |
| Private Equity | ✔ |
| Private Lending | ✔ |
| Checkbook IRA/LLC | ✔ |
| Precious Metals | ✔ |
Account Types
New Direction offers a variety of self-directed account types, including Traditional IRA, Roth IRA, Simple IRA, Health Savings Account (HSA), Solo 401(k), Inherited IRA, SEP IRA, and Coverdell Education Savings Account (ESA), catering to diverse financial needs such as retirement savings, healthcare expenses, and education funding.
| Account Type | Description |
| Traditional IRA | Our benchmark IRA can meet the needs of just about any investor. If you have earned income, you can contribute to a Traditional IRA. |
| Roth IRA | A Roth IRA affords a unique opportunity to enjoy tax-free distributions while investing in the alternative assets of your choosing. |
| Simple IRA | A SIMPLE IRA is an employer plan in which the employee can make tax-deferred contributions and the employer can add a percentage match. |
| Health Savings Account (HSA) | A Health Savings Account (HSA) provides the unique opportunity to enjoy tax-deferred contributions and tax-free distributions, all while saving up for future medical expenses. |
| Solo 401(k) | A Solo 401(k) is similar to an employer-sponsored 401(k), except the account holder must be self-employed with no other employees and acts as both the employee and employer. |
| Inherited IRA | Also known as a beneficiary IRA, an Inherited IRA is created for beneficiaries when an individual inherits an IRA or retirement plan. |
| SEP IRA | A SEP IRA is an employer-sponsored plan with higher contribution limits. They can be useful investment tools for self-employed individuals with few or no other employees. |
| Coverdell Education Savings Account (ESA) | A Coverdell Education Savings Account (ESA) enables you to make tax-advantaged investments to cover future educational expenses of the beneficiary. |
Fees
New Direction charges various fees, including application fees, outgoing movement of funds fees, transfer out and distribution fees, miscellaneous fees, and investment-specific fees.
Below is some detailed fee information:
| Category | Item | Fee |
| Application Fee | Non-refundable Account Application Fee | $30 |
| Outgoing Movement of Funds | ACH | $0 |
| Check | $20 | |
| Cashier or Official Bank Check | $35 | |
| Wire | $35 | |
| International Wire | $35 | |
| Overnight Mail | $50 | |
| Returned Item, Stop Payment Request, or Void Check | $50 | |
| Transfers Out & Distributions | In-Kind Asset Re-Registration | $75 |
| Transfer Out and Distribution | $150 (plus applicable movement of funds fees) | |
| Required Minimum Distributions (RMDs) | Only charged applicable movement of funds fees and re-registration fees | |
| Miscellaneous Fees | Solo 401(k) Plan Adoption Rental | $390/year |
| Roth Conversion | $95 | |
| Paper Statements | $30 | |
| Depository Storage Fee | Pass-through (no fixed fee) | |
| eStatements | Free ($0) | |
| Special Services | $150 | |
| Online Bill Pay | Free ($0) | |
| Late Fee | $40/month |
| Investment-Specific Fees | Annual Administration Fees | Processing Fees | ||
| Real Estate | Real Estate Assets | $390 per asset | Purchase, Sale, or Exchange | $285 |
| Mortgage on Real Estate | $275 per asset | Debt Leveraged | $345 | |
| Private Equity | Private Equity Assets | $390 per asset | Purchase, Sale, or Exchange | $130 |
| Private Lending | Private Lending Assets | $390 per asset | Purchase, Sale, or Exchange | $130 |
| Checkbook IRA | Checkbook IRA Assets | $390 per asset | Purchase, Sale, or Exchange | $130 |
| Other Investments | Other Investments Assets | $390 per asset | Purchase, Sale, or Exchange | $130 |
| Precious Metals | Precious Metals | $220 flat rate | Purchase, Sale, or Exchange | $130 |
| Online Trading | $185 flat rate | |||
| Publicly Traded Securities | Annual Fee | $135 flat rate | Mutual Fund Trade Fee | $50/trade |
| Trade Fee (All Other Public Equity) | $50 | |||
| Transfer Agent Commission (1-150 shares) | $2.50 | |||
| Transfer Agent Commission (151+ shares) | $0.03/share with a $2.50 minimum and $150 maximum | |||
Trading Platform
New Direction supports trading through the NDTCO client portal.
| Trading Platform | Supported | Available Devices | Suitable for |
| NDTCO client portal | ✔ | Desktop, Mobile, Web | / |
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