Nexospro Review – Truth About Nexospro.com

Nexospro is a website that seems somewhat suspicious. At first look Nexospro broker seems to be actually genuine and yet, looks can certainly be quite misleading.

They are claiming to be a UK-based and regulated company that offers you the possibility to invest in forex, CFDs, and cryptocurrencies. Of course, after checking the FCA register, we found no mention of Nexospro.

In this in-depth Nexospro broker review, we will break down all the shady tactics this investment scam uses to manipulate you into investing with them.

Is Nexospro a Reliable Company? Broker’s Regulation

In all honesty, Nexospro is not a reliable company. They are an unlicensed firm, but still on their website claiming to comply with the law of the UK. In order for this to be true, they need to be regulated and licensed by the Financial Conduct Authority (FCA), which of course, they are not.

Not only is there no mention of their name on the FCA register, but they also offer bonuses, which is prohibited. All of this just shows that this and many other scam brokers alike will say just about anything to make themselves legit. It’s best to stay away from them altogether.

Overview of Nexospro Trading Software

It’s not a surprise that Nexospro is also claiming to offer a cutting edge technology trading platform. The reality, on the other hand, is much different since they offer a very basic web trader.

Furthermore, we couldn’t find a demo account where we could test their trading conditions. Nowadays, brokers provide you with a demo account so you can test what they have to offer before you invest, and this is a must-have.

We also noticed that Nexospro offers Percent Allocation Management Module (PAMM). Via PAMM, an investor and trader can work together on investments. Scammers who use PAMM accounts show you how your small account is linked to a high-value account and how your profit is growing with them. But they usually display some entirely fake records on their website to back up what they say.

Trading Instrument at  Nexospro

Trading instruments that this scam broker offers are:

• Forex
• CFD
• Cryptocurrencies

Although that may sound like some good options for making money, we came upon many complaints made against a broker that they don’t even help you understand the trading process.

Method of Deposit and Withdrawal

When it comes to the deposit methods, it’s not a surprise that Nexospro only uses the following two:

• Bitcoin
• Ethereum

Many if not all fraudulent brokers use crypto as their deposit method simply because once you deposit, you will not be able to ask for a refund. Luckily, getting your money back is very much possible! Make sure to work with a legitimate broker and always choose to deposit with your credit or debit card. These payment methods allow clients to file for a chargeback within 540 days of the transaction.

How the Fraud was Committed

These fraudsters pose as brokers to take advantage of the general public’s lack of knowledge of trading. And the agents calling are professionals who have many ways to get you on board with making an investment.

Ads that can be found online are full of fake stories promising easy earnings. Once you decide to leave your personal information in order to find out more about this, the agents will call you daily to try and convince you that what they are offering is a legit thing.

So, in case you have ever been scammed by this broker, remember that getting your money back is possible but it just takes time. We would be thankful if you can share your experience with us since we can help you report your scammers to the authorities.

Nexospro Summary

In this Nexospro review, we tried to show you some tactics many phony brokers use to look more legit. They often provide false address and claim to be a UK-based company when in reality they are no more than an offshore scam.

It also comes as no surprise that they are claiming to follow legal guidelines and have licenses for providing online financial services. Which is once again all false.

The next red flag is that the minimum required is $5,000 even for beginners and there is no demo account for you to try. This is outrageous and you shouldn’t overlook the fact that legit brokers will ask for as little as $5.

FAQs About Nexospro Broker