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NTGFX -

Score

1.58 /10
Danger

NTGFX

Vanuatu

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Vanuatu Retail Forex License Revoked

High potential risk

http://www.ntgfx.com

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.53

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

NASD TRADING GROUP LIMITED

Company Abbreviation

NTGFX

Platform registered country and region

Vanuatu

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • VanuatuVFSC (license number: 40261) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Dealing-desk platform

Both trading and withdrawal is unavailable since lats October.

HUIWEIJUNLV
2020-03-23 10:05
Unable to Withdraw

Scam

With a friend’s recommendation,I traded in NTC less than a year.The withdrawal is unavailable.The company made deliberate losses to clients by increasing spread.

HUIWEIJUNLV
2019-11-21 13:15
Resolved

Scam NTGFX

With friend’s recommendation,I have traded in NTGFX for one year.Occasionally,there was disconnection,stuck with the platform,which could be restored immediately.After the National Day in 2019,problem became more salient.In the end of October,Ke Hui,who claimed himself as the agent of NTGFX domestically in Zhejiang,told that the withdrawal was unavailable.Later, through the external net,this agent’s wife was verified as the boss of NTGFX .Then the position was taken over by her nephew,his wife’s name removed from the list.As of today,they haven’t took any action to deal with the funding channel.The boss promised to compensate clients’ losses,which was meaningless.

FX7059202012
2019-11-18 09:55
NTGFX · Company summary

Note: NTGFX's official website: https://www.ntgfx.com/ is currently inaccessible normal.

NTGFX Review Summary
Founded/
Registered Country/RegionVanuatu
RegulationVFSC (revoked)
Market InstrumentsForex, Metals
Demo Account/
LeverageUp to 1:200
Spread2.2 pips
Trading PlatformMT4
Min Deposit$200
Customer SupportPhone: 442036081626
Email: support@ntgfx.com, accounts@ntgfx.com

NTGFX is a broker operating with a revoked VFSC license. NTGFX offers a single trading account type accessible with an investment of $200. It provides variable spreads, leverage up to 1:200, and the option to trade via the popular MetaTrader 4 platform.

Pros & Cons

ProsCons
NoneLicense revoked
Unfunctional website
Limited tradable assets
Non-transparent trading conditions

Is NTGFX Legit?

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberRegulatory Status
Is FIRM Legit?
Vanuatu Financial Services Commission (VFSC)NASD TRADING GROUP LIMITEDRetail Forex License40261Revoked
Is FIRM Legit?

What Can I Trade on NTGFX?

Trading AssetAvailable
forex✔
metals✔
commodities❌
indices❌
energies❌
stocks ❌
cryptocurrencies❌
options❌
funds❌
ETFs❌

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5❌Desktop, Mobile, WebExperienced traders
MT4✔Desktop, Mobile, WebBeginners

User Reviews

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User comment

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Comments

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ＳｅｖＥＮ.
more than one year
NTGFX offers straightforward pricing with no hidden fees, which is a plus. Customer service is good, though not exceptional, earning them a solid 4 out of 5 stars. If low overall costs and optimal trade execution are paramount for you, NTGFX had a competitive edge over rivals a few years ago.
NTGFX offers straightforward pricing with no hidden fees, which is a plus. Customer service is good, though not exceptional, earning them a solid 4 out of 5 stars. If low overall costs and optimal trade execution are paramount for you, NTGFX had a competitive edge over rivals a few years ago.
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2024-01-05 18:42
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