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No Regulation
Score
1.54 /10
Danger
NelsonFX
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 1
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.21
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-25
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Exposure
1 pieces of exposure in total Pyramid scheme complaint
ExposeNote: NelsonFX's official website https://nelsonfx.com/ is currently inaccessible normally.
| NelsonFXReview Summary | |
| Founded | 2016 |
| Registered Country/Region | Marshall Islands |
| Regulation | No regulation |
| Market Instruments | CFDs on commodities, oil, gold, silver, forex currency pairs, 14 indices, stocks, and 10-year German Bonds |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| EUR/USD Spread | From 0.3 pips |
| Trading Platform | MT4 |
| Min Deposit | $100 |
| Customer Support | Tel: +61 871 303 556 |
| Email: info@nelsonfx.com | |
NelsonFX was registered in 2016 in Marshall Islands. The products offered by this company mainly include currency pairs and CFDs. It uses MT4 as its trading platform, and the minimum deposit is $100. However, it is not subject to any valid regulations currently.
Pros and Cons
| Pros | Cons |
| Wide range of trading assets | Inaccessible website |
| Tight EUR/USD spread | Not subject to any regulation |
| Leading MT4 trading platform | No demo accounts offered |
| Limited payment options |
Is NelsonFX Legit?
Nelsonfx is currently an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Therefore investors should be careful to stay away from this Nelsonfx scam broker.
What Can I Trade on NelsonFX?
Nelsonfx offers investors a range of CFD instruments, including commodities, oil, gold, silver, forex currency pairs, 14 indices, stocks, and 10-year German Bonds.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Forex currency pairs | ✔ |
| Commodities | ✔ |
| Oil | ✔ |
| Gold & silver | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| 10-year German Bonds | ✔ |
| Cryptocurrencies | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Nelsonfx offers two different trading accounts for investors, the Standard Account and the Premium Account.
| Account Type | Minimum Deposit |
| Standard | $100 |
| Premium | $1,000 |
However, Nelsonfx does not offer demo accounts.
Leverage
The maximum trading leverage offered by Nelsonfx is up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread and Commission
The minimum spread for a standard Nelsonfx account is 0.3 pips for EUR/USD, and other spreads and commissions remain unknown.
Trading Platform
Nelsonfx offers traders the market-leading and highly acclaimed MT4 trading platform, which is popular with professionals and novices alike and features an excellent charting package with a large amount of market data to help traders develop suitable trading strategies.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, desktop, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Nelsonfx supports limited deposit and withdrawal options. Traders can deposit and withdraw funds to their Nelsonfx accounts via debit or credit card.
Note that certain requirements are needed if clients accepted Bonus and want to withdraw their funds.
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