Score

1.51 /10
Danger

Fxnice

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.97

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Fxnice · Company summary

General Information & Regulation

Fxnice, a trading name of Venture Securities Limited, is allegedly a forex broker authorized and regulated by the Financial Services Authority of Honduras (Company ID: 588121) that claims to provide its clients with various trading financial instruments with leverage up to 1:500 and floating spreads around 1 pip on the most popular advanced MetaTrader5 trading platform, as well as 24/7 customer support service.

Market Instruments

Fxnice advertises that it mainly offers a diverse range of tradable assets with wide options, such as forex currency pairs and more.

Leverage

The maximum leverage ratio provided by Fxnice is much higher than most brokers, up to 1:500 (and on some web pages, FxNice even claims that 1:1000 is possible). Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

The spread for the EUR/USD pair offered by Fxnice is 1 pip on average ($10 per lot traded).

Trading Platform Available

When it comes to trading platforms available, Fxnice says to give traders the worlds most trusted and popular MetaTrader5 trading platforms. As the successor of MT4, MT5 provides advanced technical analysis tools, automated trading functions (EA) and mobile applications, as well as a user-friendly interface, allowing traders to view their orders, transactions, account details, and keep abreast of the latest market conditions.

Trading

Deposit & Withdrawal

Fxnice says to work with numerous means of deposit and withdrawal choices, consisting of Credit/debit cards like VISA and Mastercard, bank wire transfers, Neteller, Skrill and cryptocurrencies. The minimum initial deposit requirement is said to be $100. Also, no matter if your withdrawal request is approved or not, you will have to pay the broker's withdrawal handling and processing fees, often exceeding 20%.

Bonuses

Fxnice claims to offer a welcome bonus of up to $2,000, yet we cannot be sure if the bonus is available without any conditions.

Customer Support

Fxnices customer support can be reached by telephone: +971547615029, email: info@fxnice.com or send messages online to get in touch. Company address: 71-75 Shelton Street, Covent Garden, London WC 2H9 JQ.

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翁祖敏
more than one year
Welcome bonus up to $2000 is totally a lie, I was attracted by its bonus. However, I have not seen a penny after making deposits. They always used various excuses to avoid my inquiries. Later trading was not happy, and I was tormented by its slow order execution and slippage, no one could help me fix it. All they can do is point the finger at you and say you only care about money.
Welcome bonus up to $2000 is totally a lie, I was attracted by its bonus. However, I have not seen a penny after making deposits. They always used various excuses to avoid my inquiries. Later trading was not happy, and I was tormented by its slow order execution and slippage, no one could help me fix it. All they can do is point the finger at you and say you only care about money.
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2023-03-23 18:08
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FX1241340578
more than one year
Fxnice has no valid regulation at all, which shows that it will be a very imprudent decision to invest here. Luckily I haven't seen any exposures about it, so I guess there are still few victims.
Fxnice has no valid regulation at all, which shows that it will be a very imprudent decision to invest here. Luckily I haven't seen any exposures about it, so I guess there are still few victims.
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2023-02-16 10:01
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