Broker Review

Nexongroups is a forex and CFD broker that claims to offer a wide range of trading instruments, competitive spreads, fast execution, and professional customer support. However, there are some red flags that suggest that this broker is not trustworthy and may be a scam. Here are some of the reasons why you should avoid trading with

  • The broker is not regulated by any reputable authority. It claims to be registered in St. Vincent and the Grenadines, but this does not mean that it is licensed or supervised by any financial regulator. This means that the broker can operate without following any rules or standards, and there is no guarantee that your funds are safe or segregated.
  • The broker has a very poor reputation online. There are many negative reviews and complaints from customers who have experienced issues with withdrawals, account verification, hidden fees, and poor customer service. Some customers have even reported that the broker has blocked their access to their accounts or deleted their profits without any explanation.
  • The broker offers very high leverage ratios, up to 1:1000. This may seem attractive to some traders, but it also entails a very high risk of losing your money. High leverage can amplify your profits, but also your losses, and you may end up owing more than you invested. Moreover, high leverage is usually a sign of a scam broker, as it is often used to lure unsuspecting traders into depositing more money.
  • The broker does not provide enough information about its trading conditions, fees, or platforms. The website is very vague and lacks transparency. There is no mention of the minimum deposit requirement, the withdrawal methods and fees, the commission charges, or the types of platforms available. The broker also does not offer any demo accounts or educational resources for beginners.

In conclusion, is a broker that you should stay away from. It is not regulated, has a bad reputation, offers risky trading conditions, and does not provide enough information to its customers. There are many other brokers that are more reliable and trustworthy, and that can offer you better trading services and protection.

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