Home -
NICOFX -

Score

1.66 /10
Danger

NICOFX

United Kingdom

10-15 years

Regulated in Cyprus

Straight Through Processing(STP)

Germany Common Financial Service License Revoked

Suspicious Overrun

High potential risk

https://cn.nicofx.com/en/index.html

Add brokers

Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index3.92

Business Index8.12

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Mount Nico Corp Ltd

Company Abbreviation

NICOFX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 6
Previous Detection : 2024-11-10
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 672844) The regulatory status is abnormal, the official regulatory status is Unsubscribed. Please be aware of the risk!

NICOFX’s Office in Cyprus Does Not Exist

The visit by our survey personnel confirmed that the broker NICOFX’ real address was inconsistent with its regulatory address. Although it has an CySEC STP license (reference number 226/14) and an FCA EEA Representative license (reference number 672844), it is running business out of the fields allowed by its BaFin license (No.142143) and French BDF license (No.75131).

Danger Cyprus

WikiFX Verification

NICOFX · Company summary

Note: NICOFXs official website: https://cn.nicofx.com/en/index.html is currently inaccessible normally.

NICOFXReview Summary
Founded2013
Registered Country/RegionUnited Kingdom
RegulationCySEC (Cyprus Securities and Exchange Commission)
Market InstrumentsPrecious metals (gold, silver, platinum, palladium), Forex currency pairs
Demo Account❌
LeverageUp to 1:30
SpreadVariable spreads based on market conditions
Trading PlatformMT4 Margin WebTrader
Min Deposit$100
Customer SupportPhone: 35724020288
Email: cn.support@nicofx.com

NICOFX Information

NICOFX, founded in 2013, is an established brokerage registered in the United Kingdom. The trading instruments it provides cover Precious metals and Forex. But currently its website is unreachable.

NICOFX Information

Pros and Cons

Pros Cons
Diversified trading productsUnreachable website
Support MT4Office in Cyprus Does Not Exist
3 types of accounts

Is NICOFX Legit?

It is clear that NICOFX is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding a license of 226/14. (Regulated)

Is NICOFX Legit?

NICOFX is also regulated by Financial Conduct Authority (FCA) in United Kingdom, holding a license of 672844(Unsubscribed).

Is NICOFX Legit?

In Germany, NICOFX is regulated by Federal Financial Supervisory Authority. The license number is 142143 (Revoked).

Is NICOFX Legit?

In France, NICOFX is regulated by The Autorité des Marchés Financiers (AMF). The license number is 75131 (Exceeded).

Is NICOFX Legit?
Is NICOFX Legit?

What Can I Trade on NicoFX?

NicoFX offers traders the opportunity to trade Precious metals (gold, silver, platinum, palladium), Forex currency pairs. However, Stocks, ETFs, funds and bonds are not accessible.

Tradable InstrumentsSupported
Precious metals✔
Forex currency pairs✔
Stocks❌
ETFs❌
Funds❌
Bonds❌

Account Types

NicoFX offers three trading accounts: the Standard Account (minimum deposit of $100), the Premium Account (minimum deposit of $5,000), and the VIP (minimum deposit of $10,000).

Account TypesStandardPremiumVIP
Minimum Deposit$100$5,000$10,000
Max Leverage1:301:301:30
Spread TypeVariableVariableVariable

NicoFX Fees

NicoFX claims to offer low and variable spreads, but does not give specific information.

Trading Platform

NicoFX's trading platform is MT4 Margin WebTrader, which supports traders on the web and mobile.

Trading PlatformSupported Available Devices Suitable for
MT4 Margin WebTrader✔Web, MobileBeginner
MT5❌

Deposit and Withdrawal

The broker supports four payment methods: VISA, bitcoin, mastercard and WIRE TRANSFER. In addition, its minimum deposit requirement is $5,000.

Deposit Options

Deposit Options FeesProcessing Time Exchange Rate
Bank TransferNo specific fee mentioned2-5 working dayscurrent exchange rate
Union Pay1%1-4 working dayscurrent exchange rate
Visa2.4%Instantcurrent exchange rate
Mastercard2.4%Instantcurrent exchange rate
Skrill3.85%Instantcurrent exchange rate
JCB5.85%Instantcurrent exchange rate
Amex5.85%Instantcurrent exchange rate

Withdrawal Options

Withdrawal Options FeesProcessing Time Exchange Rate
Bank Transfer$402-5 working dayscurrent exchange rate
Union Pay$201-4 working dayscurrent exchange rate
Visa1%1 working daycurrent exchange rate
Mastercard1%1 working daycurrent exchange rate
Skrill1%1 working daycurrent exchange rate
JCB1%1 working daycurrent exchange rate
Amex1%1 working daycurrent exchange rate

User Reviews

More

User comment

3

Comments

Write a review

蓝知苑
more than one year
Creo que lo más importante es la seguridad. Si su dinero es estafado, ¿cuál es el punto de otras condiciones comerciales? Aunque el servicio que brinda NICOFX se ve muy atractivo, no parece muy seguro. Hay tantos agentes de cambio de divisas en el mundo, ¿por qué no elijo aquellos que son más seguros?
Creo que lo más importante es la seguridad. Si su dinero es estafado, ¿cuál es el punto de otras condiciones comerciales? Aunque el servicio que brinda NICOFX se ve muy atractivo, no parece muy seguro. Hay tantos agentes de cambio de divisas en el mundo, ¿por qué no elijo aquellos que son más seguros?
Translate to English
2022-11-28 10:35
Reply
0
0
Mr. 尚
more than one year
The broker’s website is no longer accessible, and their address in Cyprus does not seem to exist. I dare not think about what happened...
The broker’s website is no longer accessible, and their address in Cyprus does not seem to exist. I dare not think about what happened...
Translate to English
2022-11-25 13:49
Reply
0
0