Broker Review

Unauthorised Firm Details

Name: Nexostrade.com
Website: nexostrade.com

Nexos Trade Ltd which can be accessed through nexostrade.com is offering a wide range of Trading and Investment Options to the people. It’s claiming on it’s Website as regualated by the Cyprus Securities and Exchange Commission (CySEC).

Upon investigation we found that Nexos Trade Ltd is not authorized or regulated by Cyprus Securities and Exchange Commission (CySEC). The information they are claiming on their website is totally a false claim.

Upon checking we found that there are targeting and operating in United Kingdom but they are not authorized or regulated by the Financial Conduct Authority (FCA). We also found that they are not regualated by any Regularly Authority at all. So in the sense of regualaton it’s totally a unregulated Firm.

Upon further investigation we also found that the domain nexostrade.com is registered in 4th March of 2024 for only one year. Also noticable fact is that the company is providing no information for their Domain Registration in the name of Privacy Protection.

We also got several reports of fraudulent activities thoroughout our investigation and there are also reports about their scam on verified reviews websites. Also Nexos Trade Ltd has been receiving numerous complaints and is suspected of engaging in questionable practices aimed at stealing from investors recently.

Lack of Regulation

The Comisión Nacional del Mercado de Valores (CNMV), Spain’s financial regulatory body, has added NexosTrade to its warning list for providing investment services without proper authorization. This lack of regulation is alarming, as it indicates that NexosTrade operates outside the bounds of oversight intended to protect investors. Without regulation, there are no legal protections in place to safeguard investors’ funds, making it highly risky to trust NexosTrade with any investment.

Warning from Regulatory Authorities

The CNMV’s warning signifies a serious breach of trust, highlighting the potential for fraudulent activities associated with NexosTrade. The inclusion of NexosTrade on the CNMV’s warning list serves as a cautionary tale for potential investors. Investor firms must adhere to set legal and ethical norms, and regulatory organizations such as the CNMV are essential to preserving market integrity. The fact that NexosTrade has been flagged raises concerns about its legitimacy and operational practices.

Risks of Entrusting Funds

In essence, the lack of regulation and the warnings from financial authorities suggest that investing with NexosTrade is fraught with risks. Entrusting this company with your funds could lead to significant financial losses, as there are no safeguards to protect your investment. In the event of misconduct or improper handling of funds, investors do have not many options due to the lack of governmental monitoring.

NexosTrade Review Conclusion

Possible investors should perform careful due research before making any decisions on investments, given the concerning signs surrounding NexosTrade. The discrepancies in the company’s claims, coupled with regulatory warnings, present a clear picture of a platform that may not be trustworthy.