Note: NBH Markets' official site - https://nbhm.eu/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is NBH Markets？
NBH Markets (NBHM) LLC, a member of the larger National Bullion House Group based in Dubai, is a forex, precious metals, and indices broker with a unique stance in that its operations are backed by physical gold. Having been established in 2018 in Cyprus, it was formerly known as NBH Markets Ltd.
The entity operates under the regulation of the Cyprus Securities and Exchange Commission (CYSEC) with registration number 208/13, which adds a significant credibility factor in ensuring adherence to ethical business practices and investor protection standards.
With regards to its client offerings, NBH Markets provides three different account types: Standard, Pro, and Elite – each demanding minimum deposits of $500, $25,000, and $50,000 onwards, respectively. The maximum leverage offered is 1:30, while the minimum spread begins from 0.6 pips.
However, one key point of concern that arises is the unavailability of the official website, making it challenging for stakeholders to access direct, concrete, and up-to-date information about the firm's offerings. The company provides a line of communication with its clients via phone and email.
Pros & Cons
Pros:
Regulated: The entity operates under regulatory oversight, which can provide a higher level of trust and security for users.
Wide Range of Trading Instruments: NBH Markets supports a variety of trading instruments, including Forex, cash indices, precious metals, and CFDs. This diversity gives traders a multitude of options to diversify their portfolios.
Tight Spreads: This can lead to cost-effective trading, making it a potentially attractive feature for frequent traders.
Cons:
Unavailable Website: The current inaccessibility of NBH Markets' website poses significant usability issues and limits information access for potential and current users.
High Minimum Deposit: With a minimum deposit requirement of $500, the platform may be less accessible to traders with smaller investment capitals.
Is NBH Markets Safe or Scam？
NBH Markets, also known as NBHM, operates under regulatory supervision from the Cyprus Securities and Exchange Commission (CYSEC) with license number 208/13. This regulation adds some measure of protection for investors, ensuring the company's adherence to established financial regulations and ethical standards.
However, the company's official website is unavailable at the moment, creating a significant obstacle in accessing reliable and up-to-date information about the firm and its operations. This lack of transparency can complicate prospect investors' ability to perform thorough due diligence.
Given this mix of positive (regulation) and negative factors surrounding NBH Markets, potential users should be cautious and consider all risks before deciding to invest with this company.
Market Instruments
Forex: This is the most extensive offering by NBH MARKETS, with traders being able to trade in 44 major and minor currency pairs. Forex trading involves buying and selling currencies based on their anticipated currency exchange rate movements.
Cash Indices: Traders have access to popular cash indices like DE30cash. Cash indices allow traders to speculate on the performance of a group of shares representing a specific market segment or industry.
Precious Metals: Trading in precious metals like gold and silver is also offered. This kind of trading involves buying and selling these commodities based on price movements.
CFDs: Contract for Difference (CFD) trading is available on forex, cash indices, and precious metals. A CFD is a financial derivative that allows traders to speculate on the rising or falling prices of these fast-moving global financial markets.
Account Types
Standard Account: This account type requires a minimum deposit of $500. It is the most basic account option provided by NBH Markets. The relatively higher minimum deposit compared to the industry standard might be a bar for some traders, especially those starting out or with less capital to invest.
Pro Account: Aimed at more experienced traders, the Pro account necessitates an initial deposit of $25,000. It presumably offers more features and benefits than the Standard account to justify the substantially higher deposit requirement.
Elite Account: This is the highest-tier account offered by NBH Markets. Requiring a hefty minimum deposit of $50,000, the Elite account is designed for large-scale investors or traders who can afford the significant capital outlay. It is likely to come with special privileges and optimum trading conditions to cater to high-profile clientele.
Leverage
NBH Markets, being registered in Cyprus, adheres to the regulations set by the European Securities and Markets Authority (ESMA) in regard to leverage. For retail clients, the maximum leverage offered by NBH Markets is 1:30. This cap is intended to protect retail traders from excessive risk.
However, professional traders have the provision to apply for higher leverage levels. This takes into account their greater familiarity with the workings of the market and their capacity to accommodate higher risk. The exact levels of such higher leverage are presumably subject to certain conditions and mainly depend on the nature of the instrument being traded.
Spreads & Commissions
Standard Account: For traders with a Standard account, spreads start from a minimum of 1.6 pips. NBH Markets does not charge any commission for trades made through this account type, appealing to traders who prefer transparent cost structures.
Pro Account: For the Pro account, spreads are more competitive, commencing from as low as 0.2 pips. However, Pro account users are charged a commission fee of 2.5 per 100,000 traded. This account is likely designed to cater to more experienced traders who trade larger volumes and favor tight spreads over zero commission.
Elite Account: The Elite account, which targets high-volume traders, provides the most competitive spreads starting from 0.0 pips. Commissions for this account type are set at 20 per 1 million traded.
Trading Platforms
NBH Markets offers two widely recognized and highly versatile forex trading platforms - MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms come with various advanced features that cater to different trading needs.
MetaTrader 4 (MT4): Renowned for its strong analytical capabilities, MT4 boasts a range of indicators and a highly customizable charting system. The interactive charting on MT4 provides 9 different timeframes, from a minute to a monthly view. This platform also offers 30 built-in indicators and an additional 2,000 free custom indicators, facilitating market analysis of different complexities. MT4's 24 analytical objects provide capabilities for trend detection and price forecasting.
MetaTrader 5 (MT5): As the successor to MT4, MT5 extends the feature set available to traders under NBH Markets. It comes bundled with 8 additional built-in indicators and 12 extra timeframes compared to MT4, offering a more comprehensive analytical framework. Special features of MT5 include one-click trading and an economic calendar which provides timely macroeconomic news.
Both MT4 and MT5 are accessible through desktop download or via the cloud network and mobile app, allowing traders flexibility and the convenience of trading on the go. Regardless of the trader's experience level or specific trading strategy, these platforms seek to provide reliable, comprehensive, and advanced trading tools for NBH Market's client base.
Deposit & Withdrawal
NBH Markets accepts a variety of payment methods for deposits, including Mastercard, Visa, eWallets, and wire transfers. There are no deposit fees levied for card payments or wire transfers. However, transaction fees are charged for certain eWallet providers such as ADV Cash (0.3%), Fasapay (0.75%), Globe Pay (4%), and Pay Trust (3%).
When it comes to withdrawals, same-day processing is available for all methods except wire transfers, which can take between 3 to 5 working days depending on the bank. A minimum withdrawal limit of $5 applies to all withdrawal methods.
Moreover, commission fees are charged on withdrawals made through certain eWallet methods: Skrill (1.5%), Neteller (2.5%), Globe Pay (1.5%), and Pay Trust (1.8%).
Its worth noting that the diverse payment options and withdrawal methods, coupled with the transparency in fee structure, show NBH Markets' commitment to providing convenient and reliable services to its clients. However, the varying fees and processing times imply that users should carefully consider their options based on cost-effectiveness and urgency.
Conclusion
NBH Markets, a regulated financial services provider, offers a diverse range of instruments with a unique position in being backed by physical gold, affirming some level of attractiveness for potential investors. However, prospective clients must carefully consider several vital factors. While the firm does provide a range of account types and uses popular MetaTrader platforms, these positives are somewhat offset by the high minimum deposit requirements and recent negative feedback. The unavailability of the company's website further adds to potential risks by hindering transparency and access to first-hand information. Hence, potential investors are cautioned to thoroughly investigate the company and consider all potential risks before making a decision.
Frequently Asked Questions (FAQs)
Q: Is NBH Markets regulated？
A: Yes, NBH Markets operates under the regulation of the Cyprus Securities and Exchange Commission (CYSEC).
Q: What is the maximum leverage offered by NBH Markets？
A: The maximum leverage offered by NBH Markets is 1:30 for retail clients, while professional traders have the option to apply for higher leverage.
Q: What trading platforms does NBH Markets provide？
A: NBH Markets provides the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for its clients.
Q: What are the deposit and withdrawal methods？
A: Deposits and withdrawals can be made via Mastercard, Visa, eWallets, and wire transfers. Fees vary depending on the method used.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-02-23 09:52
2022-12-13 12:23
