Apart from having a trader’s logo, NuclearFX is an offshore broker not worth your time. Our investigations revealed that Nuclear FX is a broker with the wrong intentions. Once you deposit funds with this broker, it’s the last you hear from them. Offshore brokers have a reputation for blocking accounts once they receive funds. Nuclearfxponline.com is no exception. For those who already have an account, we feel sorry. Ensure you go through this eye-opening NUCLEARFX review to find out more on the platform.
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A Vanuatu-based broker, NuclearFX is nothing but a shoddy broker preying on unsuspecting investors. For the past two years, complaints have been rising regarding services offered by the broker.
Most of these complaints center on the member’s inability to withdraw funds. And this is a storyline we have seen with almost every offshore broker. And that’s why it’s a risk signing up with these unreliable Vanuatu-based brokers.
On their about us page, they claim their efforts are to create trust in people’s lives. The broker appears as an angel promising to change lives. In reality, this is a sheep in wolf’s clothes as there’s no one profiting from the platform.
Investors are losing money even without having to place a trade on the platform. We must expose this broker to help keep the online trading world safe and sane.
The broker offers multi-level affiliate programs to marketers. And this is one of the avenues the broker uses to increase their trap nets. Nuclear FX is using affiliate marketers to scam more people.
Victims are turning their anger on these affiliates for directing them to a scam. Please stay away from even becoming an affiliate member. Word on the affiliate world is, the broker doesn’t even pay commissions to affiliate members.
According to their homepage, the broker only offers three classes of assets. You can trade Forex, indices, and metals under this platform. The trading conditions don’t follow set industry regulations such as maximum leverage.
Nuclear FX offers maximum leverage of 1:300, which is way above the set threshold. Most strict regulators have a cap on leverage that does not exceed 1:50 in all jurisdictions.
Signing up with nuclearfxonline.com is easy, and the process takes less than five minutes to complete. One of the many ways offshore brokers earn money is by selling personal information. Your personal information is at risk as the broker sells your info to affiliate marketers and hackers.
For those who have shared their bank account details, we urge you to change your documents. The broker will use every trick in the book to clean your bank account.
NuclearFX Holdings Ltd is the name of the company we are told this platform. No Company registrar has this entity. Even in Vanuatu, the company is not listed on the official Company Registrar.
And this goes to show the level of anonymity found within the platform. Investors are depositing funds to an unknown broker which is highly risky. Avoid anonymous investment options and demand proof of address.
The name of the registrant of the website is listed as Anirudh Kumar. Of course, scam artists will even use other people’s names to try and appear legit. The only Anirudh Kumar known for trading has his own company.
Pranjali Trading Company is his real website and does not have any affiliation with this scam. These scam artists clearly want to target the Asian business community.
Dalton is one of the many victims who have come forward with their experience. He claims that the broker was enticing and promised to double funds. The catch was Dalton had to deposit over $5,000 to double the money within a month.
A month after depositing $6,000, he went to the withdrawal panel. There’s was no action as an error message blasted his home screen. The broker is now blocking his calls and avoiding responding to his emails.
NuclearFX offers four membership tiers. These include Mini, Premium, ECN Pro, and ECN Pro+. The broker tries to hide the minimum acceptable balance for all the accounts. This is done to ensure that anyone can deposit any amount to any account.
Investors should note that regulators have set $250 as the minimum deposit. Offshore brokers will try and take advantage and even ask for $5,000 for a basic account.
Trying to contact the broker is next to impossible. Offshore brokers try their best to control the communication channel. You won’t find a chat tab or a phone number on their contact page. All you get is a message board where users leave their message and expect a response.
Once you send them an email with a withdrawal request, they know you’re about to leave. That’s when they block your account or ask for more deposits to allow partial withdrawal.
Although the broker claims to offer an MT5 trading terminal, it’s of no use. With the broker blocking all access, having an intuitive trading platform won’t help you. We recommend MT4, MT5, and SIRIX trading platforms.
With any of the mentioned platforms coupled with a real broker, trading becomes easy. These trading platforms offer advanced tools that make it easy for traders.
NuclearFX is not a legit broker and does not hold any license to operate. The broker claims to have EU regulation which is not true. We did a thorough check with authorities regarding their regulation.
All notable regulators in the EU haven’t heard of this broker. And this goes to show the risk you’re putting yourself through with Nuclear FX. Even their terms and conditions don’t protect clients as all liability falls to the member.
A genuine broker will post copies of their license documents for all to see. With these certificates available, members can check with authorities to confirm a broker’s legitimacy.
Those who use illegitimate brokers won’t enjoy protection from regulators. The broker will offer harsh trading conditions, and no regulator will help you.
Another worrying feature with this platform is the failure to have a safety net for investors. The broker does not participate in a compensatory scheme. This is because there’s no segregation of accounts taking place.
The broker does not offer any insurance cover for deposits made by investors. That’s another concrete reason to stay away from the platform.
NuclearFX is a scam that waits to pounce on investors. Please stay away or risk becoming their next victim. Dalton is now ruing the decision of not doing due diligence before signing up.
You can check our reviews and find out more about any broker. If you need a review on any broker, email us, and we will gladly do it for you.
We recommend using Nuclear FX as they are another offshore brokerage scam platform. Please stay away from them and use trusted experts.
Find out how to best trade by using industry-backed experts. These experts offer the much-needed experience to trade and make reasonable profit margins.
We wish everyone a happy and prosperous trading experience.
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