NuxTrade Review

Introduction

NuxTrade is an online offshore Forex and CFDs broker that aims to provide traders with a platform to engage in various financial markets. With a range of trading instruments and features, NuxTrade claims to offer a user-friendly and secure trading environment.

In this review, we will delve into the key aspects of NuxTrade’s services, including its offerings, platform, customer support, and regulatory status.

NuxTrade Details

NuxTrade operates as an online trading broker under its ownership. The company is situated in Saint Vincent and the Grenadines.

For contacting Nux Trade, their support team can be reached through the following means: by phone at +44161818055, +447458196693, +442039961339, or via email at info@nuxtrade.co cs@nuxtrade.com, compliance@nuxtrade.com, tradingdesk@nuxtrade.com.

You can find their website at nuxtrade.com and nuxtrade.co.

It is of utmost importance to exercise caution and conduct thorough research before engaging with any online trading platform, including NuxTrade.

To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: Ivision Market and Taveron FX.

Key Features and Offerings

Trading Instruments

NuxTrade offers a diverse selection of trading instruments, allowing traders to access multiple financial markets. The available assets include:

• Forex currency pairs
• Stocks
• Indices
• Commodities
• Cryptocurrencies

Whether you are interested in currency trading or seeking opportunities in other markets, Nux Trade provides a range of options to cater to your trading preferences.

Trading Platform

NuxTrade provides traders with a web-based trading platform that can be accessed from any device with an internet connection.

The platform offers a user-friendly interface, intuitive navigation, and various analytical tools to assist traders in making informed decisions.

Additionally, the platform is equipped with advanced charting capabilities and real-time market data, empowering traders with the information they need to execute trades efficiently.

Account Types

NuxTrade offers different types of trading accounts to accommodate the diverse needs of traders with different leverage and deposit amounts. The available account types include:

• Prelude Account: Minimum Deposit 500 USDT and Leverage Up to 1:100
• Growth Account: Minimum Deposit 5,000 USDT and Leverage Up to 1:200
• Expert Account: Minimum Deposit 25,000 USDT and Leverage Up to 1:400
• NuxTrade Ace Account: Minimum Deposit 100,000 USDT and Leverage Up to 1:400
• NuxTrade Zenith Account: Minimum Deposit 150,000 USDT and Leverage Up to 1:600

Traders can choose the account type that best suits their trading goals and experience level.

Security and Regulation

Operating from the offshore unregulated brokers’ heaven

NuxTrade operates in a regulatory gray area, Saint Vincent and the Grenadines, which does not license forex trading activities.

When considering an online broker, it is crucial to evaluate its security measures and regulatory status.

Nux Trade claims to prioritize the safety of clients’ funds and personal information by implementing robust security protocols, including encryption technology and strict data protection measures.

However, it is important to note that NuxTrade operates as an offshore broker and is not regulated by well-established financial authorities, which may raise concerns for some traders.

Top Tier Regulator Financial Conduct Authority Issues Warning

After conducting some online research, we discovered that the Financial Conduct Authority issued a warning against NuxTrade. As seen on their website: “This firm may be providing financial services or products without our authorisation” in the United Kingdom.

 

NuxTrade Review: Pros and Cons

Pros

• Wide range of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies.
• User-friendly trading platform with advanced charting tools and real-time market data.
• Multiple account types to cater to traders with varying experience levels and preferences.
• Competitive spreads and leverage options.

Cons

• Nuxtrade operates as an offshore broker and lacks regulation from established financial authorities.
• Limited educational resources and research materials.
• Withdrawal process may have longer processing times compared to regulated brokers.

Conclusion

NuxTrade offers a wide range of trading instruments and features, catering to traders with diverse preferences.

The user-friendly trading platform, along with competitive spreads and multiple account types, provides traders with the necessary tools to engage in the financial markets.

However, it is important to consider the fact that Nux Trade operates as an offshore broker and lacks regulation from well-established financial authorities, which may raise concerns for some traders.

It is crucial to carefully assess your risk tolerance and conduct thorough research before deciding to trade with NuxTrade or any other offshore broker.

Got Scammed by NuxTrade?

If you have lost money with NuxTrade, stay calm. It has likely happened to many others, and it its important to learn from these experiences. Do not forget that even the most cautious investors can fall victim to online fraud.

The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – can help you.

5 Simple Steps To Get A Chargeback From NuxTrade

Follow our straightforward guide to efficiently reclaim your lost funds from NuxTrade with minimal hassle.

1. Complete the Form: Begin by completing the form above, providing necessary details about your case. This allows the team to understand your situation with NuxTrade and prepare for the consultation.
2. Get A Free Consultation: Schedule a free consultation with MyChargeBack team of experts. During this consultation, they will assess your case and offer guidance on the best course of action to recover your lost funds from NuxTrade.
3. In-Depth Case Analysis: As you proceed with MyChargeBack, their expert team conducts an in-depth analysis of your case, identifying the optimal chargeback strategy for fund recovery based on your unique circumstances.
4. Recovery Process: Their team of specialists scrutinizes your case, collects evidence, and negotiates with the involved parties to expedite the recovery of your funds. MyChargeBack team will consistently communicate with you and your bank or card issuer during the chargeback process.
5. Fee Payment: Upon successful recovery of your funds lost to NuxTrade, MyChargeBack charges a fee as a percentage of the reclaimed amount. If fund recovery is unsuccessful, no fees apply, except in exceptionally complex cases.

Through these five straightforward steps, MyChargeBack simplifies the fund recovery process, enabling you to reclaim your money from NuxTrade with minimal inconvenience.

FAQs

Is NuxTrade a regulated broker?

No, NuxTrade operates as an offshore broker and does not hold regulation from established financial authorities.

What trading instruments are available on NuxTrade’s platform?

NuxTrade offers a wide range of trading instruments, including forex currency pairs, stocks, indices, commodities, and cryptocurrencies.

What are the different account types offered by NuxTrade?

NuxTrade provides five account types: Prelude Account, Growth Account, Expert Account, NuxTrade Ace Account and NuxTrade Zenith Account. Each account type caters to traders with varying experience levels and preferences.

Does NuxTrade provide educational resources for traders?

Nuxtrade’s educational resources and research materials are relatively limited compared to some other brokers. Traders may need to seek additional educational materials elsewhere.

How long does the withdrawal process take with NuxTrade?

Withdrawal processing times with NuxTrade may vary, and it is worth noting that they could be longer compared to regulated brokers. Traders should consider this when planning their financial activities.