Ahh good thanks for the info. Should be somewhat skeptical looking at the Registar:
New or not, without trading fees, no exchanges can operate in the long run.
They should at least need some funds to cover all exchanges operations and cost.
Where do you saw that exchange? I don't want to think that you promoting it here even you are just asking a question.
Encountered this thread so I checked this exchange. The volume is relatively low, so if you are in a hurry to trade your coins, I believe this exchange is not for you. The coin listing is free so I won't be surprised if later on, they have a lot of crap coins listed.