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About NEW KNIGHT GROUP LIMITED
New Knight Group Limited (operating via the domain nknight.live) does not hold any valid regulatory authorisations in any major jurisdiction; it is unregulated, with no record in ASIC (Australia), and allegedly falsely claims oversight under Australian financial regulation. The broker offers trading on MetaTrader 5 with a minimum deposit of $1,000, leverage up to 1:500, spreads as high as 3 pips on EUR/USD, and accepts only cryptocurrency deposits such as Bitcoin, Tether, and Ethereum ().
Numerous user reports and independent reviews document consistent withdrawal failures, account deletions upon withdrawal requests, and disappearance of funds after account access issues. Victims report significant financial losses, with at least one complaint noting $200,000 lost via the domain nknight.live ().
Who it's for
- Traders seeking access to MetaTrader 5.
- Individuals willing to deposit via cryptocurrency despite elevated risk.
Pros and cons
Pros
- Provides the MetaTrader 5 platform.
Cons
- No regulation or valid licence from any recognised financial authority.
- High minimum deposit requirement ($1,000).
- Excessively high leverage of up to 1:500.
- Withdrawal issues and multiple scam reports from users.
- Exclusive reliance on cryptocurrency, limiting recourse options.













