Nexo Trades Review: Nexotrades.com is a Doomed Broker

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Nexotrades.com Review 
  • Fund Safety
  • Customer Support
0.5

Summary

Nexo Trades claims to be trading forex, stocks, indices, cryptos, and commodities. These are volatile products that attract severe risks. Therefore, it is crucial to have trading skills before registration. They advertise an average spread of 1.4 pips which is slightly lower than what typical brokers offer which is 1.5 pips.

Nexo Trades is a fake investment platform targeting novice investors. The entity has already been exposed for its fraudulent activities. The scammers behind the entity have a chain of other illegitimate brokers.

Nexo Trades Review, Nexo Trades Company

The company deceives its customers that it is legally in business. Its office address indicates it originates from Belize. This is an offshore entity that will eventually exit the market.

Nexo Trades lacks a trading history. The registration process took place in 2023. A genuine company will provide past trading results to win the trust of investors. It is risky to trade with entities that operate discreetly without showcasing statistics.

Nexotrades.com Review 

Nexo Trades does not reveal its ownership information. There is no guarantee that the platform works with professionals. Investors deserve to know the qualifications and identity of the founder, account managers, and financial analysts. 

Hence, if there is any misunderstanding or the company decides to exit the market unceremoniously clients will know whom to hold accountable. The venture also lacks customer reviews. Without knowing the experience of other traders it shall be impossible to know what to expect.

When trading choose genuine and transparent cryptocurrency companies. Those with reliable and trustworthy services. You deserve to enjoy peace of mind while trading. These platforms offer fast withdrawal of funds to all clients.  

Nexo Trades Trading Conditions and Accounts 

Nexo Trades provides one of the best trading software in the market, MT5. The interface allows clients to trade automatically, create custom scripts, use fundamental and technical analytic tools, keep orders active by using VPS, economic calendar, and access more markets.

Nexotrades.com Review, Nexotrades.com Review 

The only problem is that the software bears the name of another rogue scheme. You should also keep in mind that access to a trading platform does not guarantee the legitimacy of a company. Some scammers invest in top-notch software to win investors’ trust. 

Nexo Trades claims to be trading forex, stocks, indices, cryptos, and commodities. These are volatile products that attract severe risks. Therefore, it is crucial to have trading skills before registration. 

They advertise an average spread of 1.4 pips which is slightly lower than what typical brokers offer which is 1.5 pips. The leverage is that of 1:200. The limit is beyond what most regulatory bodies approve which is 1:30 to 1:50. 

Anything beyond the cap is available only to professional traders who must prove their expertise and have adequate capital. Nexo Trades is also using bonuses to attract more clients. 

Regulatory bodies do not approve such lucrative offers because the money legally belongs to the schemes. They can use unfavorable trading conditions to trap clients’ funds. Some will not release funds unless clients meet ridiculous trade volumes.  

Withdrawal and Deposits 

Nexo Trades accepts funds via cryptos and bank wire. Sadly, we cannot verify the information since the deposit function is missing. The majority of untrustworthy ventures use cryptos to restrict clients from issuing chargebacks. Also, the identity of the scammers remains anonymous. 

The scheme leaves out essential information. Nobody knows the minimum capital requirement or the least amount users can withdraw. The terms and conditions policy is missing from the website. It is most likely that clients’ funds will be trapped in the system. 

Nexo Trades Regulation Status 

Nexo Trades is on the Cyprus Securities and Exchange Commission (CySEC) warning list. Customers’ funds are not protected from negative account balances. 

Additionally, the scheme will not compensate investors upon its exit from the industry. Investing with a genuine and regulated broker gives you peace of mind. These entities must report daily trading reports to the authority. 

Final Verdict

Nexo Trades might face bankruptcy since traders’ accounts are not segregated. The website is shady and is linked to other fraudulent schemes. 

Choose legitimate and convenient crypto trading ventures with a proven history. You will earn real-time passive income. 

 

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