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NIC ASIA foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.nicasiabank.com/forex, about the company's legal and temporary regulatory information, the company's address .

NIC ASIA Forex Broker

Basic Information

Registered Region

Nepal

Operating Period

Company Name

NIC ASIA Bank Limited

Abbreviation

NIC ASIA

Company employee

Customer Service Email Address

feedback@nicasiabank.com

Contact Number

+ 977-1-5111177 / 5111179

Company Website

https://www.nicasiabank.com/forex

Facebook

https://www.facebook.com/nicasiabank

https://twitter.com/nicasiabank

Keywords

5-10 years

Suspicious Regulatory License

Regional Brokers

High potential risk

Company profile

Note: NIC ASIAs official site (https://www.nicasiabank.com/forex/) is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks. General Information NIC ASIA Review Summary Registered Country/Region Nepal Regulation No regulation Trading Products & Services Sarbashrestha Payroll Bachat Khata, NIC ASIA Remit, Sarbashrestha Bachat Khata Customer Support telephone, live chat What is NIC ASIA？ NIC ASIA is an unregulated bank and banking institution operating in Nepal. With a diverse range of financial products and services, including savings accounts, loans, remittance facilities, and more, NIC ASIA aims to cater to the diverse needs of its customers. They offer an exclusive online money transfer service, making domestic and international transactions more accessible and convenient. The bank's presence on various social media platforms reflects a commitment to transparency and engagement with its clients. Additionally, NIC ASIA provides multiple customer service channels, such as live chat and telephone support, to ensure customers receive prompt assistance and support. Pros & Cons Pros Cons • Offers live chat and telephone support for customers • Report of “unable to withdraw” • Various trading products & services • Lack of valid regulation Is NIC ASIA Safe or Scam？ NIC ASIA offers a variety of financial products and services, including savings accounts, loan facilities, remittance services, and more. They have a presence on social media platforms like Facebook, Instagram, LinkedIn, Twitter, and YouTube, which indicates a level of transparency and engagement with customers. However, the information about the “unable to withdraw” report and the claim that NIC ASIA currently has no valid regulation is not within my knowledge base. To determine the current status and reputation of NIC ASIA, it is crucial to conduct further research and consult updated and reliable sources, such as official banking authorities, customer reviews, and financial news outlets. Products NIC ASIA, as a bank, offers a variety of trading products and services to cater to the diverse financial needs of its customers. These trading products and services include: Sarbashrestha Payroll Bachat Khata: This is a corporate salary account designed to efficiently manage the salaries of employees in various institutions. It offers effective salary management services, making it easier for businesses to disburse salaries and for employees to access their funds conveniently. NIC ASIA Remit: This is an exclusive online service that facilitates both domestic and international money transfers. Customers can use this service to send and receive money securely and efficiently, making it a convenient option for individuals who need to conduct financial transactions across borders. Sarbashrestha Bachat Khata: The NIC ASIA Goodwill Ambassador: This is an interest-yielding savings account available to all customers, regardless of their gender or age. The account is designed to offer diverse financial services, making it a versatile option for individuals looking to save and grow their money. Accounts NIC ASIA offers a range of accounts to cater to the diverse financial needs of its customers. Here's a general summary of the different types of accounts offered by NIC ASIA: Savings Accounts: NIC ASIA provides various types of savings accounts tailored to different customer preferences and needs. These accounts typically offer interest in the deposited funds, helping customers grow their savings over time. Loan Accounts: In addition to savings and deposit accounts, NIC ASIA provides various types of loan accounts to help customers finance their needs. Fees NIC ASIA offers a variety of loan products to meet the financial needs of its customers, whether it's for personal, business, or housing purposes. As part of the loan application process, the bank charges a loan processing fee, which is set at a competitive rate of 0.25% of the loan amount. This fee is a one-time charge and is typically deducted from the approved loan amount when disbursed to the customer. The loan processing fee is a standard practice in the banking industry and helps cover the administrative costs involved in evaluating and processing the loan application. User Exposure on WikiFX On our website, you can see one report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you. Customer Service The customer service of NIC ASIA is designed to provide convenient and accessible support to its customers. They offer multiple channels through which customers can reach out for assistance and inquiries. Live Chat: NIC ASIA offers live chat support, allowing customers to interact with a customer service representative in real-time through their website or mobile app. This instant messaging feature enables quick responses to queries and concerns. Telephone: Customers can contact NIC ASIA's customer service helpline at 16600177771. This phone support option allows customers to speak directly with a customer service agent and get personalized assistance with their banking needs. Social Media: NIC ASIA is active on various social media platforms, including Facebook, Instagram, LinkedIn, Twitter, and YouTube. Customers can reach out to the bank through direct messages or comments on these platforms, and NIC ASIA's social media team typically responds to inquiries and feedback in a timely manner. Conclusion In conclusion, NIC ASIA appears to be a reputable and established bank, offering a wide array of services to meet the financial requirements of individuals and businesses. The bank's commitment to providing convenient access to customer support and its engagement on social media platforms are positive indicators of its customer-focused approach. However, the claim of “unable to withdraw” and the mention of lacking valid regulation necessitate further investigation and up-to-date verification to assess the current safety and regulatory status of NIC ASIA accurately. It is essential for potential customers and stakeholders to conduct thorough research and consult reliable sources to make informed decisions regarding their financial interactions with NIC ASIA. Frequently Asked Questions (FAQs) Q1: How can I contact NIC ASIA's customer service？ A1: NIC ASIA provides various customer service channels, including live chat on their website or mobile app, telephone support at 16600177771, and engagement through social media platforms like Facebook, Instagram, LinkedIn, Twitter, and YouTube. Q2: What is the processing fee for loans at NIC ASIA？ A2: The loan processing fee at NIC ASIA is 0.25% of the loan amount. It is a one-time charge that covers administrative costs during the loan application process. Q3: Is NIC ASIA a reputable and safe institution to conduct financial transactions with？ A3: No, NIC ASIA appears to have been claims of issues such as “unable to withdraw” and mentions of lacking valid regulation.

NIC ASIA broker review

Is NIC ASIA safe or scam

Rating Index

How to login to NIC ASIA?

Nic Asia Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Nic Asia Account Registering for a Nic Asia account is the first step towards accessing a wide range of banking services. Below are the detailed steps to succe

Nic Asia Forex Broker - Complete Information Guide

1. Broker Overview

　　NIC Asia Bank Limited, established in 1998, is a prominent banking institution located in Kathmandu, Nepal, specifically at the Trade Tower in Thapathali. As a private entity, NIC Asia operates primarily within the Nepalese banking sector, catering to a diverse clientele that includes individual customers, businesses, and organizations. Over the years, NIC Asia has developed a reputation for offering a wide range of financial products and services, including savings accounts, loans, and remittance facilities.

　　The bank has achieved several milestones since its inception, including the introduction of innovative banking solutions and the expansion of its branch network across Nepal. NIC Asia aims to meet the evolving needs of its customers through its commitment to excellence in service delivery and customer satisfaction. As a part of its growth strategy, NIC Asia has also ventured into the forex trading market, offering services under the brand of Nic Asia broker.

　　The bank operates under a business model that includes retail banking services, forex trading, and various financial products tailored to both individual and institutional clients. This model reflects its adaptability to the changing financial landscape and its focus on providing comprehensive banking solutions.

2. Regulatory and Compliance Information

　　NIC Asia operates in an environment marked by regulatory challenges. Currently, it is classified as an unregulated entity, with no valid regulatory licenses issued by recognized authorities. This lack of regulation raises concerns regarding the safety and security of customer funds. As per various sources, there is no information available regarding specific regulatory numbers or the scope of any licenses that might have been previously held.

　　The absence of a robust regulatory framework means that NIC Asia does not have a customer fund segregation policy in place, nor does it participate in any investor compensation schemes. This situation heightens the risk for customers engaging with the Nic Asia broker, as the protection of client funds is not guaranteed.

　　Additionally, the bank claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, although the effectiveness of these policies remains questionable given the lack of regulatory oversight. Customers are advised to exercise caution when dealing with NIC Asia, particularly with respect to the potential risks associated with trading on an unregulated platform.

3. Trading Products and Services

　　The Nic Asia broker offers a variety of trading products and services designed to meet the diverse financial needs of its clients. The broker provides access to a selection of forex currency pairs, enabling traders to engage in foreign exchange trading. While the exact number of currency pairs available is not specified, it is expected to include major, minor, and exotic pairs commonly traded in the forex market.

　　In addition to forex trading, NIC Asia also offers Contracts for Difference (CFDs) on various assets, including indices, commodities, and stocks. This range of products allows traders to speculate on price movements without owning the underlying assets. Furthermore, the broker may introduce unique trading products from time to time, although specific details regarding the frequency of product updates and the introduction of new offerings are not available.

　　The Nic Asia broker is particularly focused on providing retail trading services, catering to individual traders looking for opportunities in the forex and CFD markets. However, there is limited information regarding institutional client services or white-label solutions, indicating a primary focus on retail clients.

4. Trading Platforms and Technology

　　The Nic Asia broker does not support the widely used MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms, which are preferred by many traders for their advanced features and user-friendly interfaces. Instead, the broker may offer its own proprietary trading platform, although specific details about this platform's features and functionalities are not provided.

　　For those who prefer web-based trading, NIC Asia is expected to provide a web trading interface that allows clients to trade directly from their browsers without the need for installation. Additionally, the availability of mobile applications for both iOS and Android devices is not confirmed, which may limit trading accessibility for clients on the go.

　　The execution model employed by NIC Asia remains unclear, with no specific information available regarding whether it operates on an ECN, STP, or Market Making basis. The broker's server locations and technological infrastructure details are also not disclosed, which raises questions about the reliability and speed of trade execution.

　　Lastly, there is no mention of API access or support for automated trading systems, which are often essential features for traders looking to implement algorithmic trading strategies.

5. Account Types and Trading Conditions

　　The Nic Asia broker provides various account types to accommodate different trading needs. However, specific details regarding the conditions for standard accounts, including minimum deposit requirements, spreads, and commissions, are not readily available.

　　For advanced traders, there may be specialized account types such as VIP or professional accounts, but further information is lacking. Additionally, the availability of Islamic accounts or corporate accounts is not confirmed.

　　The broker is likely to offer a demo account for new traders to practice their trading strategies, although the specifics of the demo account policies are not detailed. The leverage ratios available for different products remain unspecified, which is a critical factor for traders looking to maximize their positions.

　　Minimum trade sizes and overnight fee policies are also not provided in the available information, which could impact trading decisions for potential clients.

6. Fund Management

　　The Nic Asia broker supports various deposit methods, including bank transfers, credit cards, and possibly electronic wallets, although specific details on supported payment methods are not disclosed.

　　The minimum deposit requirements may vary depending on the account type, but exact figures are not provided in the available resources. Processing times for deposits are also unspecified, which could affect the speed at which clients can begin trading.

　　Information regarding deposit fees is limited, and it is unclear whether any charges apply to fund deposits. Withdrawal methods and limitations remain ambiguous, with no specific details on the withdrawal process or any associated fees.

　　Withdrawal processing times are not mentioned, which is crucial for clients needing timely access to their funds. Overall, the lack of detailed information regarding fund management raises concerns about transparency and customer service.

7. Customer Support and Educational Resources

　　Customer support at Nic Asia broker is designed to be accessible through multiple channels, including telephone, email, live chat, and social media platforms. However, the exact service hours and timezone coverage are not specified, which could impact client accessibility to support services.

　　The broker appears to offer support in multiple languages, although the specific languages available are not detailed. Educational resources provided by NIC Asia may include webinars, tutorials, and eBooks, but the breadth and depth of these resources remain unclear.

　　Market analysis services, such as daily analysis, news updates, and research reports, may be available to assist traders in making informed decisions, although specific offerings are not outlined. Additionally, trading tools such as calculators, calendars, and signal services are not mentioned, which could enhance the trading experience for clients.

8. Regional Coverage and Restrictions

　　The Nic Asia broker primarily serves clients within Nepal, with a focus on the local market. However, the distribution of its regional offices is not explicitly stated, which could limit access for clients in other areas.

　　There are indications that NIC Asia may not accept clients from certain countries or regions, although specific details regarding these restrictions are not provided. Special limitations concerning trading activities or account openings for specific jurisdictions are also not disclosed, which could affect potential clients' decisions.

　　In conclusion, while Nic Asia broker offers a variety of financial products and services, the lack of regulation, transparency in operations, and specific details on trading conditions and customer support may raise concerns for potential clients. It is essential for individuals to conduct thorough research and consider the risks associated with trading through this broker.

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