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Do You Want to Know If NordFX Is Legitimate or a Scam?
NordFX says it was founded in 2008 and also boasts of 1.2 million clients. The key phrase is “boasts of” because there is no way of verifying these claims. NordFX also brags about its low spreads and says it offers mobile trading features. Many traders would be happy to see it features MetaTrader 4. However, all of these features and claims can be undermined when taking into context licensing information.
We Have Found Some Problems with NordFX
NordFX has a license from Vanuatu financial services. It has a license, so that is okay, right? No. Vanuatu is not a top-tier regulator but offers very little oversight for customers. All a prospective broker needs to do is to pay a fee and it is very likely they will get a license from this regulator because of its lax standards. Customers need more protection when they entrust their money to brokers, and therefore, we suggest looking for another broker.
Red Flags that NordFX Could Be a Scam
- Third-rate license
- Inflated claims
- No transparency
- Bad reviews
If You Need Fund Recovery from NordFX, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with NordFX close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.