Caution Investors NSFX – Clone – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Overview:
If you are looking for a reliable and regulated forex broker, you might want to avoid NSFX.online. This website is a clone of a legitimate company, NSFX Ltd, and is trying to scam unsuspecting customers by using their details and website content. The Malta Financial Services Authority (MFSA) has issued a warning about this fraudulent entity and advised the public to stay away from it.
Regulation and Compliance: MFSA Issues Warning https://www.mfsa.mt/news-item/mfsa-warning-nsfx-clone/
The MFSA is the sole regulator of financial services in Malta and is responsible for ensuring the integrity and stability of the financial system. The MFSA also protects consumers from illegal and unethical practices by financial service providers.
On 30 October 2023, the MFSA published a warning on its website about NSFX.online, stating that it is not a Maltese registered company nor is it authorised to provide any financial services in or from Malta. The MFSA also clarified that NSFX.online has no association with NSFX Ltd, which is a genuine company licensed by the MFSA to offer investment services.
The MFSA warned that NSFX.online is a clone of the website of NSFX Ltd and is using their details and website contents to deceive the public. The MFSA urged the public to refrain from undertaking any business or transactions with the false entity and to report any suspicious activities to the MFSA.
Customer Reviews:
There are not many customer reviews available for NSFX.online, which is not surprising given that it is a scam website. However, some of the reviews that we found online were negative and reported issues such as:
– Difficulty in withdrawing funds
– Poor customer service
– False promises and misleading information
– Account closure without explanation
– Loss of money due to manipulation of prices and spreads
These reviews suggest that NSFX.online is not a trustworthy broker and that customers should avoid it at all costs.
Products and Services:
NSFX.online claims to offer various products and services related to forex trading, such as:
– Forex pairs
– Commodities
– Indices
– Stocks
– Cryptocurrencies
– Trading platforms (MetaTrader 4, WebTrader, Mobile Trader)
– Education and training
– Market analysis and news
However, these products and services are not genuine and are copied from the website of NSFX Ltd. NSFX.online does not have the necessary authorization or license to offer these products and services in or from Malta or any other jurisdiction. Therefore, customers who trade with NSFX.online are exposing themselves to high risks of losing their money and personal information.
Location:
NSFX.online does not provide any information about its location or contact details on its website. This is a red flag that indicates that it is hiding its identity and location from the public. The only way to contact NSFX.online is through an online form or an email address ([email protected]).
However, these contact methods are not reliable and customers may not receive any response or assistance from NSFX.online. Moreover, customers may not be able to trace or recover their funds if they encounter any problems with NSFX.online.
Customer Service:
NSFX.online does not have a dedicated customer service team or department. Customers who need help or support can only contact NSFX.online through an online form or an email address ([email protected]). However, these contact methods are not effective and customers may not receive any response or assistance from NSFX.online.
NSFX.online does not provide any other means of communication, such as phone, chat, or social media. This shows that NSFX.online does not care about its customers and their satisfaction. Customers who trade with NSFX.online may face difficulties in resolving their issues or complaints.
Conclusion:
NSFX.online is a scam website that is trying to impersonate a legitimate company, NSFX Ltd. The MFSA has issued a warning about this fraudulent entity and advised the public to stay away from it. NSFX.online does not have any regulation or license to offer financial services in or from Malta or any other jurisdiction. Customers who trade with NSFX.online are exposing themselves to high risks of losing their money and personal information.
