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NYFX Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!

NYFX Broker Review

1.33

WikiFX monitor

Business

Influence E

License

No license

NYFX Review 2

Latest All(2) Exposure(2)
Exposure
Why do I need to make up for the exchange difference when withdrawing currency?

To withdraw USDT currency, you need to make up for the exchange difference, and for USDT, you need to make up for the exchange difference.

Sammi291
2023-10-23
Exposure
Romance Scam

1. I am a victim of fraudulent platform NYFX (exchange: Saved Trivia), the previous exchange was: Textdiy (platform: Themax). I received an email on 2023/7/31 informing me of the exchange change. 2, the scammer added my LINE account, we are familiar with it, he showed me his foreign exchange gains, and revealed that with his uncle to do foreign exchange trading, uncle has a team of analysts, sometimes you can get a good profit. Because of the epidemic in the past few years, the company also rely on doing foreign exchange to obtain profits to continue to maintain. Liar pre induced me to download the exchange. The first small transaction can be withdrawn. Then he induced me to participate in platform activities, deposit 50,000 can receive 5,000 bonus, deposit 100,000 can receive 10,000 bonus, deposit 200,000 can receive 20,000 bonus, deposit 300,000 can receive 30,000 bonus. The scammer helped me make a large deposit to receive the campaign bonus. Once the campaign is applied for, it takes 15 working days to complete. If not completed within the specified time, the account will be frozen. Serious overdue will be reported to the Foreign Exchange Supervision Bureau, the user will become a defaulter. 3, I applied for 50,000 activities, customer service said only 100,000 activities and only 3 places. If the completion of the 100,000 deposit activity is led to finish will automatically upgrade to 200,000, the middle can not be canceled. The liar hesitated for a while and said that it would apply for 100,000 dollars. What I want is to give him the full amount with bonus. 4, into the gold to a certain extent, the crooks began to all kinds of reasons can not get money. At that time just met the typhoon attack, the scammer has a better reason. He said that the goods were stuck in Japan's dock can not come out, the goods can not reach the customer also has no way to pay. Before helping me to deposit money part of the money is public money, and now the company knows that he is being investigated. At the same time, he revealed that he is only a minority shareholder of the company, may face criminal liability, and then an uncle to help him solve the problem. In this case, the thought that he is a real name registration, worried about credit problems, began to think of ways to deposit money. I had a hard time completing the 100,000 activity, the results of customer service said that the collar is finished, the platform automatically upgraded to 200,000, required to be completed within a few working days. If not completed, it is still the same as the previous, frozen account funds reported to the Foreign Exchange Supervision Bureau, and pay late late fees. When I want to find a way to complete the activities, the platform has the activities of the bonus remitted to the account, when the crooks will take you to operate the transaction, earn a considerable amount. After the liar and induced me to apply for membership, the account balance accumulated up to 500,000 can upgrade gold members, accumulated up to 1 million can upgrade platinum members. The first time because of the money has been exhausted, I really do not have the will. Liar or the same that he will find a way to complete, I was in a variety of temptation and applied for membership. The first deposit process also received anti-fraud center police officer's phone, said that the other side of the collection account is a problem account they monitor. I was worried about the deposit of money out, did not listen to the words of the police officer. All of their bank accounts were protected by the anti-fraud center for a month. Account thawed, I want to think of all sorts of ways to complete the deposit, hoping to get the money out quickly, which is more and more deep, and finally in debt. 5, I completed the membership deposit application for gold, was told that the serious overdue, need to pay 10% of the total amount of account late fees can be normal out of the gold. I opened the road to get money together, the liar also think of ways to sell cars, continue to use public funds, etc., once again staged by the company to check the company withdrew shares, by the judicial investigation, may face criminal liability.... Liars will describe the process more and more difficult and more serious, in exchange for sympathy, gratitude. Finally really can not get the money, the platform or the same words. Not completed within the specified time to pay late fees, the relevant departments of the company will freeze the account all the funds, serious overdue departments of the company's account blocking, will be uploaded to the personal data credit, as a breach of trust. This time the liar also disappeared without a trace!

Ada-w
2023-10-09

  

Nyfx 2025 Review: Everything You Need to Know

  In this review, we delve into the trading environment offered by Nyfx, a broker that has attracted attention in the forex community. While Nyfx provides a variety of trading instruments and high leverage options, it operates without regulatory oversight, raising significant concerns about its legitimacy. This review highlights key features, user experiences, and potential risks associated with trading through Nyfx.

  Attention: Its important to note that Nyfx operates under multiple entities across different jurisdictions, which may lead to confusion regarding its regulatory status. This review aims to present a balanced view, relying on various sources to ensure accuracy and fairness.

  

Rating Summary

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 3
Customer Service and Support 4
Trading Experience 5
Trustworthiness 2
User Experience 3

  How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the brokers services.

  

Broker Overview

  Founded in 2020, Nyfx is a trading platform that operates in an unregulated environment, primarily targeting forex traders. The broker offers access to popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), enabling users to trade a wide range of assets, including forex pairs, commodities, indices, stocks, and cryptocurrencies. However, Nyfxs lack of regulatory oversight raises questions about the safety of client funds and the overall trustworthiness of its operations.

  

Detailed Breakdown

  

Regulatory Status

  Nyfx operates without clear regulatory oversight, which is a significant red flag for potential traders. The broker claims to be registered in the United Kingdom and to have a license from the Financial Conduct Authority (FCA). However, this claim has been deemed suspicious, with many sources suggesting that it may be a clone of a legitimate license. Additionally, the broker's previous license in Cambodia was reportedly revoked, further complicating its regulatory standing. According to WikiFX, Nyfx has received numerous complaints regarding withdrawal issues, indicating a potentially high-risk environment for traders.

  

Deposit and Withdrawal Methods

  Nyfx offers a minimum deposit requirement that varies across account types, with options starting as low as $10 for basic accounts but requiring $1,000 for more advanced account types like ECN and VIP accounts. While the broker supports various deposit methods, including bank transfers and credit cards, the lack of transparency surrounding withdrawal processes is concerning. Reports from users indicate significant delays and difficulties in processing withdrawals, which is a common theme among unregulated brokers. As noted by WikiBit, many traders have faced obstacles when attempting to withdraw their funds.

  

Trading Conditions

  Traders at Nyfx can access a wide array of trading instruments, including over 61 forex pairs, various commodities, indices, stocks, and cryptocurrencies. The leverage offered by Nyfx can be as high as 1:1000 for forex trading, which may appeal to traders looking to maximize their potential returns. However, such high leverage also increases the risk of significant losses, particularly for inexperienced traders. The spreads offered by Nyfx vary, with some accounts starting from 1.4 pips, but the lack of clarity on commissions and fees raises concerns about the overall cost of trading. According to WikiFX, the broker's fee structure lacks transparency, making it difficult for traders to assess their potential trading costs accurately.

  

User Experience

  User feedback regarding Nyfx is mixed, with many traders expressing dissatisfaction with the brokers customer service and support. Reports indicate that responses from customer service can be slow, and users have cited difficulties in resolving issues related to their accounts. The overall user experience is hampered by the broker's lack of regulatory oversight and the associated risks, leading many traders to exercise caution when engaging with Nyfx. As highlighted in various reviews, the broker's reputation has suffered due to a series of complaints regarding withdrawal processes and the integrity of its services.

  

Conclusion

  In summary, Nyfx presents a trading environment that may attract some traders due to its high leverage options and a wide range of tradable assets. However, the absence of regulatory oversight, combined with numerous user complaints about withdrawal issues and customer service, paints a concerning picture. Prospective traders should exercise extreme caution and conduct thorough research before deciding to invest with Nyfx. The broker's questionable practices and lack of transparency warrant a careful evaluation of the risks involved.

  In light of the findings from this Nyfx review, it is advisable for traders to seek out regulated brokers with a proven track record of reliability and customer satisfaction.

NYFX review