NYBOT Global Ltd 2025 Review: Everything You Need to Know
Summary: NYBOT Global Ltd has garnered significant negative feedback from users and experts alike, primarily due to its unregulated status and withdrawal issues. Many reports highlight the broker's aggressive marketing tactics and potential fraudulent practices, raising concerns about its legitimacy.
Note: It's important to recognize that NYBOT Global Ltd operates under different entities across various regions, which may complicate regulatory oversight and accountability. This review aims to provide a fair and balanced assessment based on available information.
Rating Box
How We Rated the Broker: Our ratings are based on user feedback, expert analysis, and the broker's compliance with regulatory standards.
Broker Overview
Founded recently, NYBOT Global Ltd presents itself as an online trading platform that aims to cater to various investment needs. However, it lacks credible regulation from recognized financial authorities such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC) [source: BrokersView]. The absence of regulatory oversight raises significant red flags regarding the safety of investor funds and overall operational transparency.
The trading platform offers access to various asset classes, including forex, cryptocurrencies, and commodities, but specifics about the trading platforms used (like MT4 or MT5) are not clearly mentioned in the sources. The lack of verified information about its regulatory status and the nature of its operations leaves potential investors at risk.
Detailed Section
Regulatory Regions
NYBOT Global Ltd does not appear to be regulated by any reputable financial authority, which is a significant concern for potential investors. Reports indicate that the broker claims to be based in the UK and Hong Kong but lacks the necessary licenses from the relevant authorities in these jurisdictions [source: Medium].
Deposit/Withdrawal Currency & Cryptocurrency
There is limited information regarding the specific currencies accepted for deposits and withdrawals. However, multiple complaints suggest that users have faced significant difficulties when attempting to withdraw their funds, often citing unexpected fees and tax claims as barriers [source: WikiBit].
Minimum Deposit
The minimum deposit requirements are not well-defined in the available sources, further complicating the assessment of the broker's accessibility for new traders.
There are no clear details regarding any bonuses or promotional offers provided by NYBOT Global Ltd. The absence of such information may indicate a lack of competitive incentives to attract new clients.
Tradable Asset Classes
NYBOT Global Ltd claims to offer a diverse range of trading products, including forex pairs, commodities, and cryptocurrencies. However, the quality and execution of these trades are questionable due to the broker's unregulated status [source: BrokersView].
Costs (Spreads, Fees, Commissions)
The specifics surrounding spreads, fees, and commissions are not well-documented, but user feedback suggests that unexpected fees are common, particularly during withdrawal attempts. This lack of transparency is a significant downside for potential traders [source: AlertTrade].
Leverage
Details regarding leverage options are not available in the sources, which is critical information for traders looking to maximize their trading potential.
The trading platform used by NYBOT Global Ltd is not specified in the available reviews, leaving potential investors in the dark about the tools and interfaces they would be using.
Restricted Regions
There is no detailed information regarding any geographical restrictions on trading with NYBOT Global Ltd, which could limit access for traders in certain regions.
Available Customer Service Languages
Customer service feedback is overwhelmingly negative, with reports of unresponsive support and blocked accounts when users sought assistance [source: BrokersView]. The lack of effective customer service is a major concern for potential investors.
Rating Box (Repeated)
Detailed Breakdown
Account Conditions
The account conditions offered by NYBOT Global Ltd are unclear and unregulated, leading to a low score of 2. Users have reported difficulties in accessing their accounts and withdrawing funds.
While the broker claims to provide a variety of trading tools, the lack of clarity and transparency surrounding these resources results in a rating of 3. Many users report feeling misled about the tools available to them.
Customer Service and Support
The customer service experience has been rated a dismal 1, with numerous complaints about unresponsive support and blocked accounts when users attempted to seek help.
Trading Setup (Experience)
The trading experience appears to be fraught with issues, particularly concerning withdrawals and transparency, meriting a score of 2.
Trustworthiness
Given the broker's unregulated status and numerous user complaints regarding withdrawal issues and potential scams, it receives a score of 1 for trustworthiness.
User Experience
Overall user experience has been negatively impacted by the lack of support and transparency, resulting in a rating of 2.
Regulation Compliance
With no evidence of regulation from credible authorities, NYBOT Global Ltd scores a 1 in this category, indicating significant risk for potential investors.
In conclusion, NYBOT Global Ltd presents considerable risks for potential investors, primarily due to its unregulated status and poor user feedback. Caution is strongly advised for anyone considering investment with this broker.
