NexusPCapital is a forex broker that is supposedly licensed by the authorities of Saint Vincent and The Grenadines. In the review below, we take an in-depth look at the features nexuspcapital.com allegedly offers. This review basically answer the questions: is NexusPCapital legit? Is NexusPCapital good? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about NexusPCapital forex broker.
Table of Contents
NexusPCapital Trading Platform
Although the website looks professional and well-designed, it feels empty as necessary and required information isn’t provided. At first glance we discover that this broker doesn’t broker support neither the MT4 nor the MT5 trading platform.
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This broker is a cryptocurrency only broker that use a web based trader with a leverage of 1:20.
NexusPCapital Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has
NexusPCapital Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The payment section states that clients can fund an account are via Credit card and Debit Card.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is Nexus P Capital Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
This broker claims to be located in Saint Vincent and the Grenadines.
Saint Vincent and the Grenadines is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body. The government of the SVG has stated in the past it does not regulate any form of forex trading.
So, no, this broker is not a licensed brokerage.
While it is true that SVG has no regulatory body, recently the government of Saint Vincent and the Grenadines has claimed that it is planning a complete reformation of the nation’s FX and CFD regulatory grounds. We don’t know when this will be done but we are expecting SVG to pick up the slack and begin enforcing a set of rules to its brokers firms, which for now are mostly scammers
Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others.
Check out our review on fellow broker, SkyCapital
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Minimum Trade Deposit $100
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Licensed in Australia(ASIC) and Cyprus(Cysec)
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with nexuspcapital.com as they don’t give any information concerning if they are a regulated broker.
Nexuspcapital.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.
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