AI risk analysis - NewSolid (2025-04-29 17:35:36)

FinanceWiki-AI-Agent

Below is a comprehensive analysis of NewSolid (official website: https://newsolid.com/) based on the requested criteria, including online complaints, risk assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, potential brand confusion, and website content analysis. The information is derived from available data, critical evaluation, and cross-referenced sources where applicable.

1. Online Complaints

  • Complaint Volume and Sources:
  • WikiFX: Reports indicate multiple complaints against NewSolid, with a low trust score of 1.47. Complaints include severe slippage, inducement into trading with misleading promises, and significant financial losses due to copy trading or group-led operations. One user reported joining a communication group on April 30, 2020, and being led to trade on NewSolid’s platform, resulting in consistent losses.
  • General Sentiment: The presence of multiple complaints within a short period (e.g., four complaints in three months as per WikiFX) suggests dissatisfaction among users, particularly regarding trading outcomes and platform transparency.
  • Nature of Complaints:
  • Allegations of manipulative practices, such as encouraging risky trades in communication groups (e.g., QQ groups) and frequent domain changes, raise concerns about operational integrity.
  • Users report losses exceeding gains, with some describing the platform as inducing risky futures trading. Assessment: The volume and nature of complaints indicate a high risk of user dissatisfaction and potential deceptive practices. The consistent mention of financial losses and manipulative tactics is a significant concern.

2. Risk Level Assessment

  • Risk Factors:
  • High-Risk Products: NewSolid offers trading in Contracts for Difference (CFDs), forex, indices, crude oil, and precious metals, which are inherently high-risk due to leverage and market volatility. The website explicitly warns that losses may exceed initial margins, and stop-loss orders may not always limit losses.
  • Complaint Trends: The frequency of complaints about losses and inducement suggests operational risks beyond market volatility, potentially tied to platform practices.
  • Regulatory Concerns: As detailed below, NewSolid’s regulatory status is questionable, increasing the risk of inadequate oversight and investor protection.
  • User Impact: The combination of high-risk financial products, reported user losses, and questionable regulatory status elevates the overall risk level to high. Assessment: NewSolid presents a high-risk profile due to its product offerings, user complaints, and regulatory uncertainties. Investors should approach with extreme caution.

3. Website Security Tools

  • SSL Certificate:
  • The website (https://newsolid.com/) uses HTTPS, indicating the presence of an SSL certificate, which encrypts data between the user and the server. However, the type of SSL certificate (e.g., Domain Validated, Organization Validated, or Extended Validation) is not specified in available data. Domain Validated certificates, commonly used by less transparent sites, offer minimal identity verification.
  • Security Features:
  • No specific information is available about additional security measures, such as two-factor authentication (2FA), anti-phishing protocols, or regular security audits.
  • The lack of detailed security information on the website is a red flag, as legitimate financial platforms typically highlight robust security protocols to build trust.
  • Vulnerability Reporting:
  • There is no visible policy or contact for reporting security vulnerabilities, unlike some platforms that encourage ethical hacking or bug bounties (e.g., NewCold’s vulnerability disclosure policy). Assessment: While the presence of HTTPS is a basic security measure, the lack of transparency about additional security protocols and vulnerability reporting suggests inadequate website security. Users should be cautious about sharing sensitive financial information.

4. WHOIS Lookup

  • Domain Information:
  • Domain: newsolid.com
  • Registrar: Not explicitly stated in available data, but WHOIS records can often be checked via services like GoDaddy, Namecheap, or WhoisHostingThis.com.
  • Registration Details: The owner’s identity is not publicly disclosed in the provided data, which is common for domains using privacy protection services. Hidden WHOIS information is a potential red flag, as fraudulent or suspicious websites often conceal ownership to avoid accountability.
  • Domain Age: The exact registration date is not provided, but frequent domain changes are noted in complaints, suggesting NewSolid may have a history of rebranding or domain cycling to evade scrutiny.
  • Implications:
  • Hidden WHOIS data reduces transparency and makes it difficult to verify the legitimacy of the operating entity.
  • Frequent domain changes are a tactic used by questionable platforms to reset their online reputation. Assessment: The lack of transparent WHOIS information and reported domain changes are significant red flags, indicating potential efforts to obscure ownership and operational history.

5. IP and Hosting Analysis

  • Hosting Provider:
  • No specific details are available about the hosting provider or server location for newsolid.com. Legitimate financial platforms typically use reputable hosting providers (e.g., Cloudflare, AWS) with clear server locations.
  • IP Address:
  • The IP address is not provided in the data, but tools like WhoisHostingThis.com could reveal the hosting provider and server location if investigated further.
  • Red Flags:
  • The absence of hosting information is concerning, as transparent platforms often disclose their infrastructure to build trust.
  • If hosted in a jurisdiction with lax regulations or on a server known for hosting fraudulent sites, this would increase risk (e.g., servers in obscure locations or shared with suspicious domains). Assessment: The lack of hosting and IP information limits the ability to assess infrastructure security. This opacity is a moderate risk indicator, as legitimate brokers typically provide clear hosting details.

6. Social Media Presence

  • Presence:
  • No specific information is available about NewSolid’s official social media accounts (e.g., Twitter, Facebook, LinkedIn, Telegram). Financial platforms often maintain active social media profiles to engage with users and provide updates.
  • Complaints mention NewSolid’s involvement in communication groups (e.g., QQ groups for crude oil and gold trading), which were used to induce trading. These groups may not be official but indicate a reliance on informal channels for client acquisition.
  • Red Flags:
  • The use of unofficial communication groups (e.g., QQ) to promote trading is a significant red flag, as it suggests unprofessional or manipulative marketing tactics.
  • The absence of verified social media profiles reduces transparency and limits avenues for users to verify the platform’s legitimacy. Assessment: NewSolid’s lack of a visible, official social media presence and reliance on informal communication groups are concerning. This suggests a lack of professional engagement and potential for deceptive marketing.

7. Red Flags and Potential Risk Indicators

  • Key Red Flags:
  1. Regulatory Status: The British Virgin Islands Financial Services Commission (BVI FSC) issued a public statement on April 16, 2021, clarifying that NewSolid Markets Co., Ltd. and Tianrun International Corporation are not licensed or regulated to conduct investment or financial services business in or from the BVI. This contradicts NewSolid’s claim of being regulated by the BVI FSC.
  2. Complaints: Multiple user complaints about losses, slippage, and inducement into risky trades indicate operational issues.
  3. Domain Changes: Frequent domain and name changes suggest efforts to evade negative reputation or regulatory scrutiny.
  4. Hidden WHOIS: Concealed domain ownership reduces transparency.
  5. Lack of Security Transparency: Minimal information about website security protocols raises concerns about data protection.
  6. Unofficial Marketing: Use of communication groups for client acquisition is unprofessional and potentially manipulative.
  7. High-Risk Products: CFDs and leveraged trading carry significant financial risk, amplified by reported user losses.
  • Other Indicators:
  • The website claims a 40-year history as part of Solid Financial Group, but no verifiable evidence supports this claim.
  • The low WikiFX score (1.47) and warnings about lack of valid regulation further erode trust. Assessment: The presence of multiple red flags, including regulatory misrepresentation, user complaints, and lack of transparency, indicates a high-risk platform. These issues collectively suggest potential for deceptive practices or outright рыбка.

8. Regulatory Status

  • Claimed Regulation:
  • NewSolid claims to be regulated by the British Virgin Islands Financial Services Commission (BVI FSC) under registration number 2014785 and cites compliance with the Securities and Investment Business Act of 2010.
  • Actual Status:
  • The BVI FSC issued a public statement on April 16, 2021, stating that NewSolid Markets Co., Ltd. and Tianrun International Corporation are not licensed or regulated to carry on investment or financial services business in or from the BVI. This directly contradicts NewSolid’s claims.
  • Implications:
  • Operating without valid regulation means NewSolid lacks oversight from a reputable financial authority, increasing the risk of inadequate investor protection and potential misconduct.
  • The misrepresentation of regulatory status is a severe violation of trust and a strong indicator of fraudulent intent. Assessment: NewSolid’s claim of BVI FSC regulation is false, as confirmed by the BVI FSC. This misrepresentation classifies NewSolid as an unregulated broker, posing a significant risk to users due to the lack of regulatory oversight.

9. User Precautions

To mitigate risks when considering NewSolid or similar platforms, users should:

  1. Verify Regulation: Independently confirm regulatory status using official regulatory authority websites (e.g., BVI FSC’s public list of regulated entities).
  2. Research Complaints: Check platforms like WikiFX, Reclame Aqui, or Trustpilot for user reviews and complaints.
  3. Assess Security: Ensure the platform provides transparent security measures (e.g., 2FA, detailed security policies) before sharing personal or financial data.
  4. Avoid Unofficial Channels: Be wary of trading recommendations from informal groups (e.g., QQ, Telegram) or unsolicited offers, as these are common tactics for inducement.
  5. Start Small: If trading, begin with a minimal investment to test the platform’s reliability and withdrawal processes.
  6. WHOIS Check: Use tools like WhoisHostingThis.com to verify domain ownership and hosting details.
  7. Understand Risks: Fully comprehend the risks of CFDs and leveraged trading, ensuring they align with your financial situation and risk tolerance.
  8. Report Suspicious Activity: Contact the domain registrar or hosting provider if fraudulent activity is suspected, and report to authorities like the BVI FSC. Assessment: Users must exercise extreme caution with NewSolid due to its unregulated status, complaints, and red flags. Independent verification and minimal exposure are critical to avoiding potential losses.

10. Potential Brand Confusion

  • Similar Names:
  • New Solid International Corp.: A Taiwan-based supplier of shrink film and preforms, unrelated to financial services.
  • NewSouth Capital Management: A U.S.-registered investment adviser with no apparent connection to NewSolid.
  • NewCold: A company with a vulnerability disclosure policy, unrelated to finance.
  • Newfold Digital: A digital services company focused on hosting and security, not trading.
  • Risk of Confusion:
  • The similarity in names (e.g., “NewSolid” vs. “New Solid” or “NewSouth”) could lead users to mistakenly associate NewSolid with legitimate entities, especially given its unverified claim of a 40-year history with Solid Financial Group.
  • The lack of a clear corporate history or verifiable parent company (Solid Financial Group) exacerbates the risk of brand confusion.
  • Implications:
  • Brand confusion could be exploited to mislead users into trusting NewSolid based on the reputation of unrelated companies.
  • The absence of a distinct brand identity or verifiable history suggests NewSolid may intentionally leverage ambiguity to appear legitimate. Assessment: NewSolid’s name and unverified claims of a long-standing financial group create a moderate risk of brand confusion with legitimate entities. Users should carefully distinguish NewSolid from unrelated companies with similar names.

11. Website Content Analysis

  • Content Overview:
  • The website promotes NewSolid as an “international financial services company” offering CFDs, forex, indices, crude oil, and precious metals trading. It emphasizes a “professional, international, and branded” platform with over 100,000 customers.
  • Claims a 40-year history as part of Solid Financial Group, established in Says it has over 100,000 customers.
  • Includes risk disclosures about the high-risk nature of CFDs and leveraged trading, warning of potential losses exceeding initial margins.
  • Mentions regulation by the BVI FSC, which is false.
  • Red Flags in Content:
  • Unverified Claims: The 40-year history and Solid Financial Group connection lack supporting evidence, raising doubts about credibility.
  • Misleading Regulation: The false claim of BVI FSC regulation is a significant breach of trust.
  • Generic Content: The website’s content is relatively generic, lacking specific details about the company’s team, operational structure, or unique value proposition, which is common among questionable platforms.
  • Trading Notices:
  • The website includes notices about contract expirations (e.g., A50 and CN300 indices), holiday trading adjustments, and market events (e.g., OPEC+ meetings), which are standard for brokers but do not compensate for other red flags. Assessment: The website’s content contains misleading claims (e.g., false regulation, unverified history) and lacks transparency about operations. While it includes standard risk disclosures, the overall presentation raises significant concerns about legitimacy.

12. Recent Results and Updates

  • Public Statement (April 2021): The BVI FSC’s statement confirming NewSolid’s lack of regulation remains a critical recent development, undermining its credibility.
  • Complaint Trends: Complaints reported on WikiFX as recent as three months prior to the data cutoff (likely late 2024) indicate ongoing user dissatisfaction.
  • No Recent Positive Developments: There are no recent reports of improved regulation, resolved complaints, or enhanced transparency, suggesting persistent risks. Assessment: Recent information reinforces NewSolid’s high-risk profile, with no evidence of corrective actions to address regulatory or operational concerns.

Overall Conclusion

NewSolid (https://newsolid.com/) presents a high-risk profile based on the following critical findings:

  • Unregulated Status: The BVI FSC confirms NewSolid is not licensed or regulated, contradicting its claims.
  • User Complaints: Multiple complaints about losses, slippage, and inducement suggest deceptive practices.
  • Transparency Issues: Hidden WHOIS data, frequent domain changes, and lack of security details reduce trust.
  • Red Flags: Misleading claims, unofficial marketing channels, and high-risk products amplify concerns.
  • Brand Confusion: Similarity to unrelated companies risks misleading users.
  • Website Content: Generic and misleading content undermines credibility. Recommendation: Avoid using NewSolid due to its unregulated status, significant red flags, and reported user losses. If considering investment, prioritize brokers with verifiable regulation from reputable authorities (e.g., FCA, SEC, ASIC), transparent operations, and positive user feedback. Conduct thorough due diligence, including WHOIS checks, regulatory verification, and complaint research, before engaging with any financial platform. If you need further analysis or specific checks (e.g., WHOIS lookup, IP details), please provide additional details or request targeted follow-ups.
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