News Traders Review – Scam?

News Traders is the kind of brokerage that everyone needs to avoid. Though they have been around for a short time, they have earned a bad reputation, and people have reportedly lost thousands of dollars to them.

We thoroughly investigated and found heaps and heaps of concerning things about the platform. From how they operate to how the policies are structured, almost everything showcases the conflict of interests pretty well.

You don’t have to be a genius to figure out that you should avoid them. If you are interested in learning about how this broker functions and the kind of hassles present, then the following content will be helpful to you. 

News Traders Review - Scam

Finding information about this firm wasn’t easy. We encountered a lot of dead ends when we were trying to narrow in on the actual owners. News Traders is owned and operated by News Traders LTD(located in Saint Vincent and the Grenadines).

As you might already know, the regulatory status is weak, and brokerages that are situated in this region, for the most part, are shady entities. This platform does not feature segregated accounts, insurance is not offered.

Conflict of interest is too much, and the kind of control they have over everything is more than unfair. As the goals of the owners and the investors aren’t aligned, it is better to avoid them at any cost.

Weak regulatory status and vague policies are the kinds of things that are unjustifiable in the field of finance. If you spot any entity with the traits mentioned above, it is wise to move away from them. 

News Traders Trading Platform

News Traders supports the MT4 trading platform. The interface is nice,, and most retail investors will like how things work. Customization is unparalleled, and charting tools and indicators present will be more than adequate. Note that we do not know whether they allow all kinds of trading strategies.

Also, talk to the support team before employing any EA. We do not know the trading costs present as they do not provide a demo account. In case you are wondering, know that they are a market maker, which means they have a conflict of interest to a huge extent.

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    There are 4 account types are present, but the starting capital is significantly larger compared to top brokers in the sector. All in all, apart from the interface, nothing about them can be considered reliable and unique. 

    Terms and Conditions

    Offshore brokers like this one enforce many policies, but the catch is that they will always maintain an edge. For starters, this platform charges enormous dormant fees. If users do not place any trade for over 45 days, then he or she has to pay around $100 ridiculous monthly.

    Withdrawal policies are also not completely transparent, and funnily enough, other parameters aren’t even revealed. If this firm ever bites the dust, there is no clear protocol.

    Go through the small print to be safer and never take anything for granted with them. Offshore entities can twist their policies a lot and can do so without even giving prior notice. So, you need to be alert to them, or you will end up with a hole in your pocket. 

    News Traders’ Payment Methods

    The minimum capital required to open an account is around $250, but it might change depending on the account type one might select. Payment methods supported by them are VISA, Master Card, wire transfer, and Skrill.

    Processing time is not mentioned; withdrawals might take 6 to 7 days. They do not cover the exact reason behind the withdrawal delay.

    Nonetheless, do not give them the benefit of the doubt, or you might suffer financial damage. Lastly, the inactivity fee is currently capped at $100 monthly. 


    It does not matter which forum or social media platform you might visit, we are sure that you will witness a lot of negative comments. Users are frustrated with them, and many aren’t even able to get their capital amount back. We are aware of the fact that the available number of comments isn’t big enough.

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    However, given the number of allegations and complaints against them, we cannot skip it for any reason. If you like to see the clients’ plight, you only have to do a simple search on Google. As the consensus is clear, use your judgment, and regardless of what they say, never let them sweet talk you into anything. 

    Is News Traders Scam or Legit?

    News Traders appears to be an elaborate scam. There are many aspects of the business wherein they take advantage of clients unethically. Policies are all vague, and trading costs are high as well. Lastly, even the feedback about them is concerning.

    Avoid interacting with them for your own good. If you are struggling to get your money back from this broker or any other online scam, contact us via the form below.

    Our recovery experts will guide you through the process for free, and we won’t rest until the culprits pay up for their mistakes. The best part is that our staff have decades of experience, which means nothing can throw us off the tracks. 

    Complaints We Received

    On August 28, 2023, we received the following complaint:

    I invested with News Traders and never received a penny back. They even took money from my bank account without my permission. I was foolish enough to provide my account details and security number. I lost approximately £15,000 GBP between 2020 and 2021, from what I can recall. I’ve been cold-called by various organizations claiming they can help me recover my funds, but I suspect these are just the same scammers under different guises.

    Bottom Line

    Forex markets are enormous, and daily trading volume amounts to trillions. Sadly, sketchy firms have always plagued this sector and are causing harm to investors for a long period. However, as long as you are careful, you don’t have to worry about anything. As far as this firm goes, our suggestion is to avoid them. 

    Have you lost money to the Scam? If yes, leave a comment below, and we will contact you.

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