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NRDX Review: Dubious Offshore Broker Never Rises Above Mediocrity

NRDX Review

Offering attractive trading conditions, yet failing to provide adequate fund safety are some of the main traits of offshore firms discussed in the following NRDX review. 

Join us as we deep-dive into the world of offshore brokerage brands with suspicious legal background and even shadier trading conditions. Let us show you the risks related to investing into poorly regulated platforms and how that can reflect on your financial future.

General information
Name NRDX / GMBB Investment Ltd
Type of the company Broker
Regulation status Regulated
Warnings from Financial Regulators N/A
Website link
Active since 2023
Registered in Mauritius
Contact info 7th Floor, NeXTeracom Tower 1, Cybercity, Ebene, Republic of Mauritius

+35722278304 (CY)

[email protected]

Trading platforms Web trader
Majority of clients are from Greece, United States, India, Germany
Customer support Yes – Email, phone, online form
Compensation fund No

License Shortcomings

We have come across a few problems while attempting to verify the NRDX regulation. The parent company is GMBB Investment Ltd, registered in Mauritius. This is an offshore regulatory jurisdiction which is not considered particularly strict.

The company does appear in the FSC register of licensed entities, which does not include an approved website domain. This makes it difficult to link the parent company with the broker.

We would give the company a benefit of the doubt, but we did come across another issue. The company’s official CrunchBase profile alleges NRDX to be based in Greece. This time, however, the firm does not appear in the regulator database, HCMC.

It has come to our attention that the same parent company is operating another shady brokerage, WRC1. This sort of misdirection is common with fraudsters like Allianz Global Investors. These are all plenty of reasons not to recommend this brokerage.

Not an Attractive Offer

As the broker has been operating for some time now, you should expect to see some digital footprint. Instead, there is nothing – no social networks, no advertisements, articles or NRDX reviews.

The conditions that the company provides aren’t exactly good. In many aspects, the broker is lagging behind industry average, only managing to offer a mediocre service at best.

The website was launched in 2023, but is actually created in a domain dating back to 2011. All of these pieces of information may seem unrelated, but when put together they paint a bleak picture.

Many fraudulent firms like Dupoin operate so-called boiler rooms that contact the clients directly by phone or online messenger services like Telegram. They also often purchase old domains, as a part of their strategy.

Web Widgets Don’t Make a Platform

Right after registering for a new account with this broker, we gained access to the user area. Here, clients can choose to explore the available assets lists, build their portfolio and deposit/withdraw. However, the most important aspect of trading is not found: a functional NRDX app!

Something that vaguely resembles graphs and trading positions is found in the form of simplified web widgets. 

There’s no separate terminal that is properly equipped with tools and features necessary for making educated decisions on the markets. 

Asset Information

If the brand owned a reliable and trustworthy, advanced and progressive platform to offer traders, it would make sense to discuss the availability of tradable assets. 

This way, we could go as far as list some of the available instrument classes, but the question remains about their real availability. Nonetheless, here’s a short overview of the tradable financial products that are allegedly provided:

  • Commodities – Brent Crude Oil, Cocoa, Coffee
  • Crypto – SHIB, ADA, BCH
  • Indices – AUD 200, FTSE 100, CAC 40
  • Metals – Gold, Silver, Platinum
  • Stocks – 3M, Airbnb, Bank of America

No Signing Up Without Managers

New registrants can quickly join NRDX Forex platform by providing the basic contact information. Unfortunately, setting up your account and depositing any funds to your trading balance is not possible without the involvement of the notorious account managers that can be contacted via Telegram. 

These are boiler room agents in disguise that have the goal to extort money from you. That’s why none of the packages presented on the website reveals the minimum deposit requirement needed:

  • Basic
  • Classic
  • Gold
  • VIP

User area provides, however, several choices when you wish to choose the amount to invest and $100 is the lowest one. We can assume that’s the minimum a client can deposit.

Simulated Trading

For those that wish to try out trading conditions and technology before investing, there’s an option to open a NRDX demo account. Using virtual margin for a limited time period, investors can play around with trading tools. 

The only unfortunate circumstance is that virtual trading doesn’t resemble real market conditions and gives off a wrong impression of trading being easy. While looking into the trading platform, we noticed it is possible to deposit real money to a simulated trading account, but that the clients are unable to withdraw them.

Service Costs and Trading Taxes

When it comes to the NRDX trading conditions, they resemble the loose regulation. By that we mean the lack of leverage limit before anything. Highest ratio you can unlock on this site is 1:1000. 

Spreads vary and can greatly differ, depending on the account type you choose. For instance, users owning a Basic package have their spreads start at 1.5 pips, while VIP users unlock spreads from 0.6 pips.

There are other charges that are necessary to mention. For example, there’s an administration fee of 10% of the deposited funds. The company also charges a 3% plus 0.25 cents fee per deposit. Each client has to pay a 50 GBP/EUR/USD fee when they submit an application to become a member. 

Also, this is not the end of the commissions, as many others are mentioned yet unrevealed.

Funding and Payout Terms

Deposits are generally free of charge, with methods including bank cards (Visa, MasterCard, Maestro), bank wires and Swift. Clients should expect a delay of 5 to 7 days before the funds appear on account balance.

NRDX broker never advertises any payout channels, however. The client area is fashioned in a way that will keep you guessing about withdrawal options before you have already deposited money. The minimum amount to withdraw is $50.

Funded Trading is the Way!

One of the main concerns when starting a career as a retail trader is securing enough funding to make your profits dependable. That is why we offer funded accounts for Forex proprietary trading to talented traders who can excel on the markets. If you’re interested, feel free to book a free Zoom meeting with our representatives by using the live chat.


What is NRDX?

It is an offshore based forex broker that offers a subpar quality of service compared to competitors.

Is NRDX Legit?

It is difficult to ascertain the legality of the whole operation. While the firm does appear to be licensed, the license cannot be unequivocally tied to the broker domain.

How to Withdraw Profits From My NRDX Account?

The firm is not transparent in this regard, and does not disclose the exact procedure and methods for withdrawals.

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