Reported as a scam / unregulated
Why NewSolid is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.