Verified: Newton's Domain Name Was Registered In 2012 And Is A Cryptocurrency Trader Located In Canada. The Company Currently Has No Effective Supervision, Please Be Aware Of The Risks.
The Company's Claimed Canadian FINTRAC Supervision Was Verified Through The Internet, And The Relevant Regulatory Information Of The Company Was Not Found.
Note: Newton Is An Unregulated Broker, Which Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of Regulators To Hold The Company Accountable, The Lack Of Supervision Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
According To The Company's Official Website:
Newton Offers Trading In 19 Different Currencies, Such As Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, Monero, Dollar, Dogecoin And QCAD. Notably, All Of Their Cryptocurrencies Are Quoted In Canadian Dollars.
The Company Highlighted A Few Features That Make It Stand Out, Including No Transaction Fees, Third-party Escrow, Instant Verification, High Liquidity, And Competitive Spreads. They Perform Daily Off-site Backups, Provide Institutional-grade Storage Software For Digital Assets, And Integrate Directly With Banks.
In Response To The Sharp Increase In Network Fees, Newton Has Released An Update To Its Web Page And Mobile App, Which Includes "surge Pricing". They Bear Up To The First $5 Network Fee For Cryptocurrency Withdrawals, And If The Fee Is Higher Than That, The Balance Is Deducted From The Withdrawal Amount.
Newton Pro Is Aimed At Professional Traders And Needs To Be Approved By Newton To Offer Lower Market Maker And Taker Fees Of 0.1% During Testing. The Company Says That Newton Pro Offers High Liquidity And Small Spreads, In Other Words, It Offers Spreads That Are 4 Times Lower Than The Newton Retail Platform. In Addition, You Also Get Free Third-party Escrow From Balance.
Newton Claims To Not Charge Any Deposit Fees And Does Not Charge A Flat Fee Per Transaction. But, Newton Is Still A Business. Any Time One Currency Is Exchanged For Another, It Makes Money. These Prices May Vary; However, The Spread Is Usually In The Range Of 0.5% Or 1% Of The Total Price.
Fees
The Company Claims To Start As Low As $10 And As High As The Amount You Want With No Limit.
$10, Approximately 0.000072 BTC, Including Transaction Fees.
$100,, Approximately 0.000717 BTC, Including Spread/fees.
$1000, Approximately 0.007172 BTC, Including Spread/fees.
$10000, Approximately 0.071707 BTC, Including Spread/fees.
$50000, Approximately 0.358847 BTC, Including Spreads/fees.
NOTE: This Is An Indicative Quantity And Market Price Displayed On The Company's Official Website At The Time Of Inquiry And Is For Reference Only. Prices Are Subject To Change Depending On The Market Price Of The Crypto Asset And The Transaction Fees Of Newton Or Other Reference Platforms Or Exchanges.
