NYXTrade may seem to have a snazzy website, but the details about this broker are less impressive. It lacked everything we needed to see in a reliable broker. They have no license and they don’t give a single name of a person who runs the company. There is a section that should have terms and conditions, but it’s only a disclaimer that is intended to protect the company, not the brokers.
There are a few things on the NYXTrade website that are red flags of scam brokers. It has a very high minimum fee and offers fake bonuses. These bonuses are fake and regulated brokers can’t offer them. Clients who sign up for a plan that includes bonuses are often not allowed to withdraw their money until they have executed a large number of trades or have made a certain amount in returns. The reality, however, is that the client will never make money trading and won’t be allowed to withdraw their money.
Broker Dispute professionals are the people to contact if you suspect you’re dealing with a scam broker or another type of fraud. We have the expertise and the technical solution to unmask information about crypto scams. We will launch an investigation and create a report that will boost your claim and assist you with fund recovery.