Nixse investment company is trying hard to present itself as transparently as possible. It provides legal information, address, and contact details like any other legitimate firm. Thus, there’s one simple catch with it.
If you don’t recognize it, you could end up with a huge problem. That’s why we invite you to read this Nixse review carefully if you want to avoid investment scams in the future.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | CSA, AFM |
| Registered In: | Taiwan |
| Operating Since: | 2020 |
| Trading Platforms: | WebTrader, NX Trader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $10.000 |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptos, forex, indices, shares, commodities |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Withdrawing funds from unregulated brokers is always a Pandora’s box. You never know what can come up as a problem. But if any problem occurs, contact our refund specialists for in-detail refund guidance. |
Legal Info: Is Nixse Legit Or A Scam?
A lack of regulations is one of the first signs this company is not genuine. That’s the catch that makes the whole business different. If they were licensed, we could trust what they claim to offer. Without trusted regulations like FCA, ASIC, BaFin, or CFTC, it’s all meaningless. Not to mention, the company has been found on multiple warning lists, primarily of Canadian CSA and Dutch AFM.
Another huge problem is that this firm has an exact copy-pasted website on another domain, Ava Xchange. Since the registration number is the same, it is most likely run by the same group of swindlers. Nobody is insane enough to copy unregulated brokers if they want to do it the right way.
Who Are Nixse’s Victims?
Surprisingly, this company has been operating for quite a while. To be precise, since 2020. Yet, their reputation was destroyed with Nixse reviews. Primarily because those reveal they are mainly targeting traders from:
- France
- United Kingdom
- Germany
- Canada
You will notice these are all countries with top-notch regulatory oversight. Thus, Nixse is not regulated by any of those. And this is just one in thousands of companies running similar schemes. For more details, read our 24 Era and BitPlus Capital reviews.
Traders Reviews
As can be seen on the Trustpilot platform, the Nixse app is not as credible as the company presents it to be. Many traders reported issues with withdrawals, unexpected losses, frozen accounts, and disastrous support.
The main problem lies in the Nixse NX Trader, which is completely manipulated by these fraudsters. All these problems could be avoided by choosing Tier 1 licensed brokers. But first, you should recover the money lost with this firm. For detailed guidance, please tell us more about your experience.
Leverage, Commissions, Spreads, Fees and Taxes
One of the major red flags with this company is a lack of transparency in trading conditions. Practically, the company doesn’t reveal any costs, and they expect you to trust them in their word.
Not to mention, the company presents its high leverage of up to 1:400 as a benefit. But if they were regulated, it would be a maximum of 1:30 or 1:50.
Bonuses
Once traders complete the Nixse login procedure and choose their account type, they can also get a bonus credit. It’s only 15% for the basic account, while for the others, it’s not disclosed.
Thus, the problem lies in the fact that bonus policies are hidden. Most likely because of shady clauses that will cause problems during Nixse’s withdrawal in the future.
Nixse Trading Features
According to the Nixse website, there are advanced charting and trading tools available. But also automated ordering features. Thus, without a reliable platform, it’s hardly believable that such features truly exist.
Trading Platforms Available
As can be seen, Nixse broker highly promotes its proprietary NX Trader trading platform. Allegedly, it’s available for download on desktop devices. Thus, the download button leads you to the login page and, consequently, to Webtrader.
If they can’t link a button to an appropriate download page, what makes you think they can create auto-trading features?
Available Trading Assets
Generally, the company’s instrument availability is quite solid. There are more than 500 assets available over five main categories. Thus, market data about those is highly questionable without regulations and trusted trading software.
In any case, you can trade:
- Forex – EUR/AUD, CHF/JPY
- Indices – DAX30, ASX200
- Shares – IBM, AMD
- Commodities – palladium, platinum
- Cryptos – BCH, ETH
Account Types
Another problem with this brokerage is the account types offered. They require traders to pay $10k and more for fictional benefits, such as technical market signals, analyst price targets, advanced educational tools, VIP events, etc. Practically, this is a basic offer with Tier 1 licensed brokerages.
Anyway, traders can choose between:
- Silver – $10.000
- Gold – $25.000
- Platinum – $100.000
- VIP – $250.000
- Black – $1M+
Mobile Trading App
The same problem applies to desktop apps; download options for mobile apps don’t lead to trusted stores. Instead, it gets you on a login page of this company. But that’s the downside of missing Nixse regulation.
Demo Account
Considering the high requirements for a Silver account, a demo account is something absolutely necessary here. Yet, this company doesn’t care about it. They point straightforwardly to your pockets and want you to hand them money. But most likely, they will accept far less than $10k to get you started.
Education
It should be noted that this broker doesn’t offer any details about its educational program. It only mentions that traders can get some kind of education from them. Fairly, with all the problems mentioned so far, we wouldn’t trust this either.
Nixse Withdrawal
With all the issues traders were reporting, withdrawals will probably never happen. No matter what the company claims, it’s not a licensed business. Therefore, they are not obligated to comply with any laws or regulations.
Nevertheless, withdrawal processing time takes five days and will most likely include verification of banking details. Which is the oldest trick to prolonging the process. Not to mention that withdrawal fees are not disclosed. So, you can expect more delays there.
Customer Support
Even though the company’s support might look promising, it appears to be useless. At least according to the company reviews.
Nevertheless, it’s refreshing to see phone lines and live chat available as contact options. But also, there’s an e-mail address. Yet, with all the complaints against it, especially during the withdrawal procedure, don’t rely much on it.
Key Information To Consider About Nixse
The key problem with this company is that they are not regulated and have been found on warning lists. But also, that there’s another exactly the same brand.
All in all, the company is far from legitimate, and we recommend that you request a withdrawal immediately. If any unexpected problem occurs, our team is at your disposal to consult for a refund.
FAQ Section
What is Nixse?
Nixse is an FX and CFD trading firm allegedly based in Taiwan that has been active since 2020.
Is Nixse a Legit Broker?
No. The company is primarily not regulated and on top of that, there are warnings against them from CSA and AFM.
How to Get Money Back From a Trading Scam?
The easiest way is always a chargeback. But if it’s available. Also, there are other options but we recommend you talk it through with our refund specialists.
Source:
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