Phyntex Markets Forex Scam: $58K Blocked After $50K
Phyntex Markets forex scam: $50K withdrawal approved, $58K blocked on “toxic trading.” Unregulated Comoros broker scams Malaysian traders. Read exposure & protect funds!
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Abstract:When choosing a forex broker, the primary question for any trader is straightforward: Is my capital secure? This NEWTON GLOBAL review tries to answer this question clearly. We have closely examined this broker's business, and our most significant discovery is that it lacks proper regulation from a trusted financial authority. This fact alone gives it a very low trust score from independent checking platforms such as WikiFX. The goal of this analysis is to give you a fact-based breakdown of NEWTON GLOBAL's services, what it advertises, and most importantly, the serious risks involved. Our aim is to give you the information you need to make a decision that puts your financial safety first. This review will look past the marketing materials to show the real situation traders face.

When choosing a forex broker, the primary question for any trader is straightforward: Is my capital secure? This NEWTON GLOBAL review tries to answer this question clearly. We have closely examined this broker's business, and our most significant discovery is that it lacks proper regulation from a trusted financial authority. This fact alone gives it a very low trust score from independent checking platforms such as WikiFX. The goal of this analysis is to give you a fact-based breakdown of NEWTON GLOBAL's services, what it advertises, and most importantly, the serious risks involved. Our aim is to give you the information you need to make a decision that puts your financial safety first. This review will look past the marketing materials to show the real situation traders face.
First, let's look at the basic facts about the broker's identity and main services. This information comes from the broker's own statements and data from checking platforms. We show these details in a clear, easy-to-read table to give you a quick overview before we look at the more important parts of its business. This section is purely factual, designed to give you a snapshot of NEWTON GLOBAL's profile.
| Feature | Detail |
| Broker Name | NEWTON GLOBAL Commercial Business (NGCB) LTD |
| Operating Period | 3-5 Years (Founded 2022) |
| Registered Country | Mauritius |
| Regulation Status | No Valid Regulation |
| Trading Platforms | MetaTrader 5 (MT5), NG Trader (Coming Soon) |
| Minimum Deposit | USD 500 (Silver Account), USD 2000 (Gold Account), USD 10,000 (Platinum Account) |
| Maximum Leverage | Up to 1:500 |
| Key Instruments | Forex, Commodities, Stocks, Indices |
| Verification Platform Warning | WikiFX Score: 1.41/10 - “Low score, please stay away!” |
This table shows what NEWTON GLOBAL claims to be. However, these basic details do not tell the whole story, especially when it comes to the most important element for any trader: safety and regulation. The warning from WikiFX is a clear sign that we need to look at it more carefully.
This is the most important section of our review. For any serious trader, a broker's regulatory status is not just a feature; it is the foundation of trust and security. Financial regulators, such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC), serve an important purpose. They enforce strict rules that require client funds to be kept separate from company funds, ensure fair and transparent trading practices, and provide a legal framework for solving disputes. If a broker fails or does something wrong, these regulatory bodies offer a way to get help and, in many cases, compensation programs to protect traders' capital.
NEWTON GLOBAL operates without any of this important oversight. It holds no valid license from any respected financial authority. This is not a small issue; it is a major red flag. Checking platforms have issued specific, serious warnings based on this fact, labeling the broker with terms such as “Suspicious Regulatory License,” “Suspicious Scope of Business,” and a “High potential risk.”
Working with an unregulated broker means you are willingly giving up all of these protections. Your funds are not guaranteed to be kept separate and could be at risk if the company faces financial trouble. There is no official body to appeal to if you experience withdrawal problems, unfair trade execution, or other disputes. You are operating entirely on trust, and the evidence suggests that this trust would be misplaced. An unregulated environment exposes your capital to the extreme risk of partial or complete loss, with no legal way for recovery.
Before considering any broker, it is important to verify its regulatory claims on a trusted third-party platform. You can check the latest regulatory status and user reviews for brokers, such as NEWTON GLOBAL, on WikiFX to see these warnings for yourself.
While the lack of regulation is a deciding factor, it is still important to understand the trading conditions NEWTON GLOBAL offers. This provides a complete picture of what the broker advertises, allowing traders to see what might attract them in the first place. However, remember that all of the following features exist within a high-risk, unregulated framework, which basically undermines their value.
NEWTON GLOBAL organizes its offerings across three main account types, differentiating them mainly by minimum deposit and spread tightness.
· Silver Account: This is the entry-level option, requiring a very low minimum deposit of just $500. The spreads for this account start from 1.5 pips, which is relatively wide compared to industry standards.
· Gold Account: Requiring a much higher minimum deposit of $2,000, this account offers more competitive spreads starting from 0.8 pips.
· Platinum Account: The premium tier demands a large deposit of $10,000. In return, traders are offered the tightest spreads, starting from 0.5 pips.
The broker offers a maximum leverage of up to 1:500. High leverage is often marketed as a powerful tool to control large positions with a small amount, potentially increasing profits. However, it is a double-edged sword. While high leverage can increase profits, it equally increases losses and is a high-risk tool, especially for beginners. A small market movement against your position can lead to a margin call or a complete loss of your trading account. When combined with an unregulated broker where fund safety is not guaranteed, using such high leverage becomes extremely dangerous. Respected regulators in major areas have long since limited the leverage available to retail traders precisely to reduce this risk.
NEWTON GLOBAL provides access to a decent range of markets, though it has some notable gaps. This helps manage trader expectations regarding what they can and cannot trade on the platform.
Supported Instruments:
· Forex (Major, Minor, and Exotic pairs)
· Commodities (including Gold, Silver, Oil, and agricultural commodities)
· Stocks
· Indices
Not Supported Instruments:
· Cryptocurrencies
· Bonds
· Options
· ETFs
The absence of cryptocurrency trading is particularly noteworthy given its popularity, and traders focused on this asset class will need to look elsewhere.
For its trading interface, NEWTON GLOBAL offers the MetaTrader 5 (MT5) platform. MT5 is a powerful and modern platform known for its advanced charting tools, numerous technical indicators, and support for automated trading through Expert Advisors (EAs). It is available for desktop, mobile, and web, providing flexibility for traders.
However, a major drawback is the complete absence of the MetaTrader 4 (MT4) platform. Despite its age, MT4 remains arguably the most popular trading platform globally, with a massive ecosystem of custom indicators, scripts, and EAs that many traders have built their strategies around. The lack of MT4 support will be a deal-breaker for a large segment of the trading community.
A broker's claims about its service quality, especially regarding deposits and withdrawals, must be tested against real-world user experiences. This is where the true nature of an unregulated entity often comes to light.
Officially, NEWTON GLOBAL lists several payment methods, including Korapay, B2B in PAY, Bank Transfer, and STICPAY. The broker claims impressive processing times, stating that most methods are processed within 24 hours, and B2B in PAY within just one hour.
However, an analysis of recent user feedback paints a dramatically different and concerning picture. There is a stark contradiction between the broker's promises and the reality reported by its clients. Multiple users have filed complaints detailing severe withdrawal problems. For example, one verified user review from August 2025 states, “I can't withdraw for almost 2 days now.” Another user, who also posted in August 2025, described a highly abnormal experience where a withdrawal request remained in “Pending” status for over 48 hours with no communication from the company. This user explicitly warned others to “Be careful of this Newton.”
These are not isolated incidents; they are documented reports that reveal critical operational failures, specifically in the one area that matters most to traders: accessing their funds. These real-world accounts serve as powerful evidence of the real risks associated with an unregulated broker. When things go wrong, there is no one to hold the company accountable.
These documented user experiences highlight the gap between a broker's promises and its actual performance. We strongly advise traders to check for the latest user “Exposure” reports on platforms, such as WikiFX, before depositing, as these often reveal critical issues not found in marketing materials.
To provide a balanced summary, we must weigh the advertised advantages against the critical risks. However, as our analysis shows, the balance is heavily and decisively skewed.
| Pros (On Paper) | Cons (Critical Risks) |
| Access to the modern MT5 platform | Complete lack of valid regulation |
| High maximum leverage up to 1:500 | Multiple user complaints around withdrawal Problems |
| Variety of trading instruments (Forex, Indices) | High-risk warnings from verification platforms |
| No commission fees mentioned in account types | Absence of the popular MT4 platform |
| Demo accounts available for practice | Regional restrictions for major countries (e.g., USA) |
| Suspicious business scope and license status |
It is important to apply critical context to this comparison. The “Pros,” such as high leverage, are common features offered by many offshore, unregulated brokers. They are designed to be attractive. However, these supposed benefits are rendered meaningless when weighed against the overwhelming and non-negotiable “Cons.” The complete lack of regulation and the documented user complaints regarding withdrawals are not minor inconveniences; they are fundamental failures that place 100% of the trader's capital at risk. No legitimate trading advantage can compensate for the risk of being unable to withdraw your own funds.
After a comprehensive review of NEWTON GLOBAL's operations, regulatory status and user feedback, our conclusion is firm and clear. Despite surface-level attractions, such as the MT5 platform, the foundational elements of safety and trust are entirely absent. The complete lack of valid regulation is a deal-breaker.
Therefore, we cannot recommend NEWTON GLOBAL to traders, regardless of their experience level or risk appetite. The risks associated with depositing funds into an unregulated entity with a documented history of withdrawal issues are unacceptably high. Your financial safety should always be your top priority.
The issues highlighted in this NEWTON GLOBAL review are a stark reminder of the dangers associated with unregulated brokers. We strongly urge all traders to make it a habit to thoroughly check any potential broker on an independent verification platform. You can start by visiting WikiFX to check the regulatory details and user feedback for any broker. This simple step is the most effective way to protect yourself from potential financial harm.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Phyntex Markets forex scam: $50K withdrawal approved, $58K blocked on “toxic trading.” Unregulated Comoros broker scams Malaysian traders. Read exposure & protect funds!

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