Is NewSolid a scam? Based on its regulatory footprint, withdrawal behaviour and corporate transparency, our verdict is clear — and concerning. Here is the full review.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is NewSolid?
On the surface, NewSolid looks like an ordinary forex and crypto broker. Its public site is presented at https://newsolid.com/en-uk/home. But surface impressions are exactly what these operations rely on — the substance behind NewSolid is where the problems begin.
Is NewSolid regulated?
NewSolid provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.
Red flags we identified
- Opaque or anonymous corporate ownership
- No credible physical address or verifiable corporate record
- Aggressive “account managers” coaching clients to deposit
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- Offshore or shell-company registration used to avoid oversight
Our analysis
NewSolid claims to be owned and operated by NewSolid Markets Co., Ltd, a company authorized and regulated by the British Virgin Islands Financial Services Commission (BVI FSC) under the license number 2014785 . Without searching the alleged regulation in BVI FSC, we can tell from the given number that this broker is making a false statement of its regulation. Because the correct formate of a BVI FSC license No. starts with letters (e.g. SIBA/L/14/1073). When we verified the qualification of NewSolid via BVI FSC, not surprisingly, we couldn't find any matching results of this broker. So NewSolid is not overseen by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam.
Can you recover money lost to NewSolid?
If you have deposited with NewSolid, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by NewSolid?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.