Thinking of getting into business with Nab Europe? Should you use this trading product because it is not costly? Here is what we want you to know about this broker. Carefully read this review to know if nabinv.com is the trading platform you will want to trade with.
Table of Contents
About Nab Europe Broker
Nab Europe is an offshore brokerage company with a lot of offers for traders. The location of this broker is Saint Vincent Grenadines. It claims to offer a low EUR/USD spread with a 1.5 pips difference in Buy/Sell.
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Nab Europe poses on its website as an educational business. Here it claims to teach traders on what they should know and even offer to manage their account.
While Nab Europe broker is not much of a costly product, we want you to know these are too good to be true. In fact, because it is not a regulated broker we say don’t fall to its sweet price.
nabinv.com : Reasons to Avoid This Broker
nabinv.com is a platform with no regulatory body overseeing its financial services. What that means for traders thinking of using an unregulated broker is that their money is at risk. We can’t stop pointing the importance of regulation especially when you are dealing with an offshore broker like this one.
Another red flag we found in this nabinv.com is that there is no free account for traders. If traders can’t test the services of Nab Europe on a demo account, how can they know its viability in the real market.
nabinv.com is a clear scam that even an Italian financial regulator, CONSOB has labeled it so. This is a big warning for traders to avoid this broker.
Withdrawal and Deposit
Withdrawal process
Nab Europe broker charges different fees in any withdrawal option. Here, its withdrawal fee for Credit or Debit Card is $50 and $100 for Wire Transfer.
In Nab Europe broker, an account that stays inactivity for up to 3 months faces a charge of $25.
The way this broker intends making money out of traders is quite disturbing. Imagine the different charges for withdrawal.
Minimum Deposit
Nab Europe minimum deposit is indicated $250 on the website. Even though this broker shows what amount to deposit, that does not make it legit for traders. Any broker can likely do the same.
The payment methods of Nab Europe are Credit/ Debit Cards, Skrill and Wire Transfer. Making any payment with this broker is a risk even the financial authority has made it clear. Beware!
Nab Europe Platform
Nab Europe operates as a Web Trader. Although it shows link of MT4, but this we can use on this broker’s platform. Its avoidance to use the market standard MT4 and MT5 is what we don’t seem to know.
Nab Europe offers different account types such as Silver, Gold, Premium, Platinum and VIP account.
Nab Europe leverage is 1:100. As for the leverage this broker allows traders to get higher ratio of 1:500. This is against the regulatory leverage of 1:50 set by regulatory authority. Such leverage can make traders lose money very fast.
In spite the attractive offers Nab Europe broker presents, we cannot find free account for traders to test the platform before they consider depositing their money.
Nab Europe Licensing and Regulations
From our findings, Nab Europe broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk with this broker. Regulators like CONSOB and the others don’t grant license to an offshore broker like this one.
In fact, a scam alert has Nab Europe been labeled by the Italian financial regulatory body, CONSOB. Their financial services are shady and must be avoided.
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Conclusion: Is a nabinv.com Legit Broker?
No, nabinv.com is not a legit broker for traders and because of that, we advise traders to stay away from this broker to avoid be scammed.
The warning alert has been given by CONSOB for traders. So, it is good you don’t crossing path with Nab Europe.
The platform nabeurope.com is a turn off and therefore we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.