NEXZENFX Information
NEXZENFX is a brokerage company registered in 2023 and claims to offer trading services in forex and precious metals such as gold, silver and platinum. Demo accounts, three live accounts and several trading tools such as pip value calculator, margin calculator and currency converter are said to be provided. But strangely, all the links on its website are invalid and only go to the mainpage when we click. And there's not enough information on the website for us to know about them well. Worst of all, the broker is not regulated by any supervisory authorities, further enhances the impression of unreliability and untrustworthiness.
Pros and Cons
Is NEXZENFX Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
What Can I Trade on NEXZENFX?
From its website, the broker claims to offer trading services in forex and precious metals. Options include EURUSD, USDJPY, GBPUSD, AUDUSD, EURGBP, AUDCAD, gold, silver and platinum. This is all the information we can find on the broker's website, which leaves us very confused about them.
You should be very careful when dealing with this broker. The less information they disclose, the bigger issues there will be.
Account Type
There are four account types per the broker's website: demo accounts, Standard account, Commission account and STP Pro account.
However, all the links to opening these accounts are invalid. We have no ways to learn about the broker's trading conditions such as minimum deposit, spread, leverage, commission, etc.
Trading Platform
NEXZENFX says it offers a Mobile App for trading with market updates and notification features, but the app cannot be downloaded actually when we try to.
Deposit & Withdrawal
For funding methods, we only see some icons at the bottom of the broker's website, which show they accept payment through Visa, Maestro, Paypay, American Express and Cirrus. But in view of the current situation, who knows if the information matches what they actually provide or not.
Customer Support Options
Though the broker displays several contact channels on its website: phone, live chat, callback and social platforms such as Facebook, Twitter, Instagram, etc., but like the same, all these links are not valid, which means the broker can only be accessed via telephone so far.
The Bottom Line
When visiting NEXZENFX's website, it seems reliable and informative at first glance. But when you take a second look, you'll find it's a complete junk website without any useful and valid information. You cannot get constructive information to know about the company, and all the links to get more information pop to nothing but the non-informative mainpage only. We are not even sure if the claimed details on the mainpage are true or not.
All these factors, together with the unregulated status, making us believe that the broker might be a shell company without actual trading activities. So do not put any of your funds with them.
FAQs
Is NEXZENFX safe?
No, the broker is not safe. The invalid website and absence of regulation are red flags for traders.
Is NEXZENFX good for beginners?
No, the company might be a scam broker, beginners should keep away from them.
What trading platform does NEXZENFX have?
NEXZENFX claims to offer a mobile app for trading.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
