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NFX

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Operating status: SCAM

Website: https://www.nfx.ae

Broker violations and abnormal records
  • 2022-04-13 BrokersView Has Reviewed That NFX Is an Unregulated Forex Broker

    NFX claims to be a UK-registered firm that is authorized and regulated by the leading financial regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC) and the Federal Financial Supervisory Authority (BaFin). However, we didn't find matching records in both above regulators. Besides, as per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any matching results in FCA's registry. Apparently, NFX is not overseen by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.

    NFX claims to be a UK-registered firm that is authorized and regulated by the leading financial regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC) and the Federal Financial Supervisory Authority (BaFin). However, we didn't find matching records in both above regulators. Besides, as per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any matching results in FCA's registry. Apparently, NFX is not overseen by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.

Related Complaints

Q&A

Could you verify if the licensing number on NFX website is accurate ?

Olly
Malaysia
2022-04-20
ANSWER NFX is not legit and should be avoided at all events. NFX claims to be a UK-registered firm that is authorized and regulated by the leading financial regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC) and the Federal Financial Supervisory Authority (BaFin). However, we didn't find matching records in both above regulators. Besides, as per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any matching results in FCA's registry. Apparently, NFX is not overseen by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.We would recommend traders stay away from unregulated brokers like NFX and trade with licensed brokers.
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Hello!! How's the review of this broker?? is it a good dealer?

jack
China
2022-08-02
ANSWER NFX is not a licensed or regulated broker even though it states offers that look good to be true. NFX claims to be a UK-registered firm that is authorized and regulated by the leading financial regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC) and the Federal Financial Supervisory Authority (BaFin). However, we didn't find matching records in both above regulators.Besides, as per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any matching results in FCA's registry.The truth is, NFX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like NFX and trade with licensed brokers.
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