NelsonFX Forex Broker

Note: NelsonFX's official website https://nelsonfx.com/ is currently inaccessible normally.NelsonFXReview SummaryFounded2016Registered Country/RegionMarshall IslandsRegulationNo regulationMarket InstrumentsCFDs on commodities, oil, gold, silver, forex currency pairs, 14 indices, stocks, and 10-year German BondsDemo Account❌LeverageUp to 1:500EUR/USD SpreadFrom 0.3 pipsTrading PlatformMT4Min Deposit$100Customer SupportTel: +61 871 303 556Email: info@nelsonfx.com NelsonFX was registered in 2016 in Marshall Islands. The products offered by this company mainly include currency pairs and CFDs. It uses MT4 as its trading platform, and the minimum deposit is $100. However, it is not subject to any valid regulations currently.Pros and ConsPros Cons Wide range of trading assetsInaccessible websiteTight EUR/USD spreadNot subject to any regulationLeading MT4 trading platformNo demo accounts offeredLimited payment optionsIs NelsonFX Legit? Nelsonfx is currently an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Therefore investors should be careful to stay away from this Nelsonfx scam broker.What Can I Trade on NelsonFX? Nelsonfx offers investors a range of CFD instruments, including commodities, oil, gold, silver, forex currency pairs, 14 indices, stocks, and 10-year German Bonds.Tradable Instruments Supported CFDs✔Forex currency pairs✔Commodities✔Oil✔Gold & silver✔Indices✔Stocks✔10-year German Bonds✔Cryptocurrencies❌Options❌ETFs❌Account Type Nelsonfx offers two different trading accounts for investors, the Standard Account and the Premium Account.Account TypeMinimum DepositStandard$100Premium $1,000 However, Nelsonfx does not offer demo accounts.Leverage The maximum trading leverage offered by Nelsonfx is up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Spread and Commission The minimum spread for a standard Nelsonfx account is 0.3 pips for EUR/USD, and other spreads and commissions remain unknown.Trading Platform Nelsonfx offers traders the market-leading and highly acclaimed MT4 trading platform, which is popular with professionals and novices alike and features an excellent charting package with a large amount of market data to help traders develop suitable trading strategies.Trading PlatformSupported Available Devices Suitable forMT4✔Web, desktop, mobileBeginnersMT5❌/Experienced tradersDeposit and Withdrawal Nelsonfx supports limited deposit and withdrawal options. Traders can deposit and withdraw funds to their Nelsonfx accounts via debit or credit card. Note that certain requirements are needed if clients accepted Bonus and want to withdraw their funds.