Nolxweb claims to combine a transparent trading platform with the best pricing. Unfortunately, that’s far from the case; the members who invested with the platform are crying foul. Withdrawing funds from the platform has become a major hustle for members. And that’s why we have to point this red flag out to protect the next investor or trader. Such platforms are on the rise, and it’s high time we expose them. Find out more in our clear NOLXWEB REVIEW.
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On the about us page, Nolxweb claims to be an award-winning global company offering currency solutions. From the praise we see, one would think the broker is esteemed. But, far from it, those who sign up losing a chunk of their investments.
Our nolxweb.com review will help expose the red flags found on it. That includes the features that one would think are an advantage. For example, the platform promises traders a wide investment and trading pool. These include over 15,000 trading products.
We see the platform selling itself as a global brokerage firm. The platform further goes ahead and claims to be available in over 200 countries. With over 100 trading volume claims, one would think that this is the next NASDAQ.
The platform claims to enjoy regulation from two of the world’s leading financial jurisdictions. These include ASIC and VFSC. But, despite it all, there are no documents to back up their claims. And that’s just the tip of the iceberg.
We see a background and history part claiming the platform was registered back in 2013. If that’s the case, it would have garnered some attention. In addition, the platform would be well known within the trading circles.
Far from it, no one has heard of the platform. Instead, we have a platform that wants to take naïve investors for a ride. The platform’s website is barely 268 days from the day of publishing this post. That makes their over eight years in the industry null and void.
Before you invest in any platform, experts recommend researching it first. Then, go for platforms that enjoy the backing of the crypto community. These include platforms that guarantee safety and offer realistic returns.
You need to research these trading platforms in terms of what they bring to the table. Each trading platform should offer an advantage over the other option. That’s why you need to weigh the pros and cons of nolxweb.com before signing up.
We will help you do that thanks to our keen eye. The main purpose of this review is to take you through what you need to look out for. In a trading platform, some cons outright make it necessary to avoid it.
These include the trading features laid out by the broker. You need to go with a platform that follows strict trading regulatory guidelines. Any broker that doesn’t follow strict regulatory stipulations risks your investment.
Here’s what you need to know about Nolxweb;
Nolxweb furnishes members with an option of six trading accounts, including Basic, Silver, Gold, Diamond, Platinum, and Ultimate. Each of these accounts brings a different feature to the table.
Basic
It’s the account taunted as the best for beginners. You have to inject a minimum of $500 to get started. The maximum you can deposit with the account is $2,599. Interest rates are set at 25 percent, with the base currency being USD.
Silver
The minimum acceptable deposit with the silver package is $2,600. There’s a maximum deposit limit of $5,999 with this account. The expected ROI with the silver account is 45 percent. Hedging is possible, as well as a referral bonus.
Gold
The gold account holder has a minimum acceptable deposit of $6,000. The maximum you can deposit with this account is $9,999. You also get an estimated ROI of 55 percent with complete IT support available 24/7
Diamond
With the diamond package, investors must deposit a minimum of $10,000. There’s a maximum acceptable deposit of $20,999. The account promises members an ROI of 75 percent with 24/7 support available.
Platinum
You must deposit $21,000 to a maximum of $59,999 with the account. The ROI presented to members is 85 percent and a high referral bonus. Hedging is also possible with this account, with the base currency being USD.
Ultimate
For the ultimate account, there’s a minimum acceptable deposit of $60,000 and a maximum of $15,000. The account promises investors a return on investment of around 95 percent. There’s no quote on the vesting period on each account.
One of the things to note is the high deposit value listed on each account. We recommend that the maximum deposit you can deposit should be $250. And that’s for regulated platforms. That way, even if you lose it, it’s not a large chunk.
The platform claims to be a leading trading platform. That said, there’s no mention of any trading features. We didn’t see sufficient leverage or spreads available on trading instruments.
And that means the platform could be trading on behalf of clients. It would help if you asked whether the platform uses proprietary software for trading. If not, then there’s a need to stay away from it.
Despite claiming to offer an affiliate bonus, you won’t get to enjoy it. Reason is that the store blocks all withdrawals. The platform is only looking to get more clients through your connections.
Both you and the affiliate will eventually lose funds with the platform. It’s even worse for you as the platform will have already tarnished your name. That’s another reason to stay away from such platforms.
There’s no name of the company or person behind this platform. And that makes Nolxweb an anonymous crypto and forex trading platform. With anonymity comes the issue of transparency and the safety of funds.
No member can access funds once the platform decides to shut them out. You must stay away from anonymous platforms and check the legality of matters. The platform is a hoax and wants to take advantage of investors.
Nolxweb is not a licensed or regulated trading entity. There’s no document or license certificate to prove otherwise. Trading with unregulated platforms is a high risk for any trader. The platform may decide to set harsh trading conditions.
A perfect example would be the platform setting leverage above 1:100. That’s one of the many ways to stay away from the platform. Instead, you must invest more with regulated platforms that follow a strict legal framework.
The platform uses a custom-built web platform that’s a far cry from MT4 or MT5 trading terminals. Their platform fails to offer quality features such as market analysis and robots. The platform is also volatile.
Nolxweb doesn’t offer safety of funds in any way. The platform fails to offer investors a chance to provide legit trading services. That’s the only way to get into an agreement with a trading platform. It has to cover insurance for deposits made by traders.
Please stay away from unregulated platforms.
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