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NexosTrade
On September 23, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added NexosTrade to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=nexostrade
On September 23, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added NexosTrade to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=nexostradeContradicting to the claim of establishment in 2018, the website for NexosTrade is less than 7 months old. While the company asserts to be regulated by the Cyprus Securities and Exchange Commission (CySEC), there are no corresponding records to support the assertion.
In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added NexosTrade to its warning list for providing investment services without authorization.
In essence, NexosTrade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
NexosTrade appears to be a scam.
Contradicting to the claim of establishment in 2018, the website for NexosTrade is less than 7 months old. While the company asserts to be regulated by the Cyprus Securities and Exchange Commission (CySEC), there are no corresponding records to support the assertion.In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added NexosTrade to its warning list for providing investment services without authorization.In essence, NexosTrade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.NexosTrade appears to be a scam.
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