Nippy Trade Review – Truth About NippyTrade.Com

As a matter of fact, this broker scam is something entirely new. You may call it a serial scam. That’s where fraudsters relocate virtually identical content to a new domain address. They do this each time the prior one gets exposed. Let’s take a look at this Nippy Trade review for more useful details!

Is Nippy Trade a Reliable Company? Broker’s Regulation

Nippy Trade asserts to be a globally regulated broker with offices in London. However, none of that appears to be true. You can notice that the website is not regulated anywhere.

Nippy Trade broker actually gives us some funny-looking license of a kind. This one could never replace a legit forex license issued only by the FCA.

The fake “license” is not given to Nippy Trade, but to an entity called “Octaindicesmarket”. This proves the fact that Nippy Trade broker is a part of a serial scam.

Overview of Nippy Trade Trading Software

Nippy Trade broker is one of those who claim to have a trustworthy, simple, and innovative platform. However, after you sign up, you will be transferred to some basic dashboard.

You will see a single option to make a deposit. Moreover, you won’t find any functioning trading platform whatsoever. The single option to make a deposit is Bitcoin. We will mention later on why it’s phony if there are only crypto transactions and nothing else.

Keep in mind that legitimate brokers tend to support legit platforms. Some of those are MetaTrader4 and MetaTrder5. The lack of this established and reliable trading software is yet another clear sign that you are facing a scam.

MetaTrader 5 is one of the most widespread platforms in the forex enterprise. So, if you want advanced trading experience, look for brokers who support this platform. You won’t regret it!

Note: If you see any broker involved in fraudulent trading activities, make sure that you report it. This will break the evil plans of a scammer and possibly prevent some additional scams.

Method of Deposit and Withdrawal

The main page shows promises of transactions with 20 diverse payment systems. However, when you go to the deposit menu, you will only see Bitcoin.

It is a known fact that scammers prefer crypto assets. That is because such transactions are not subject to reimbursements. Yes, some regulated brokers accept cryptocurrencies like BTC. Still, they do so along with other transparent payment methods. Those are cards, bank transfers, or e-wallets like Skrill, PayPal, or Neteller.

Nippy Trade broker does not provide appropriate legal documentation. So, it is undefined what traps the scammers may have set. Often, bogus brokers make withdrawing funds impossible. They set huge fees and crazy traded volume conditions.

Note: What happens if you somehow get scammed? You have a right to request a chargeback. Yet, this possibility is only feasible if you have used a credit or debit card for the transactions. Visa and MasterCard let this be done within 540 days. Know that bank wire transfers or crypto transactions are non-refundable.

How the Fraud was Committed

Trading comes with a substantial risk. That is a fact! You should be aware of this before you decide to open an account with any broker. Even experienced investors who use the services of reliable brokers know this.

For rookies, there is also the chance of being misled by the many fraud websites posing as brokers. These will tempt you with guarantees of easy profits and avant-garde mentorship. Always be careful about easy earnings and stay with authorized brokers only.

Often, these scammers guarantee big profits for little investment. After you invest, they will tell you that you are already making big profits. So, they will urge you to invest even more.

You will never see even a penny from these promised returns. It will become impossible to get to the minimum withdrawal amount. As they hide behind fake names and addresses, you won’t be able to hold them accountable.

Nippy Trade Summary

So, what’s there to remember from this Nippy Trade review? This is not a broker anyone would recommend. Why? They are not licensed to deliver financial services. In addition, there are many negative comments online. Your cash is not safe, so stay away from this investment scam.

Check out the other Nippy Trade reviews if you can. It will be beneficial for you not to fall for their trap. Always inspect the business before you send them your money.

Have you noticed that you have been a victim of a scam? If that is a yes, leave a negative comment and warn other people about the scam broker Nippy Trade. It can be very helpful and may stop possible future scams.

FAQs About Nippy Trade Broker