Note: Nano Trade's official website: https://en.nano-trade.org/is currently inaccessible normally.
Nano Trade Information
Nano Trade is an online brokerage firm providing CFDs for currencies, stocks, indices, shares, commodities, and bonds. Despite being registered in Russia, Nano Trade has not disclosed its physical address publicly. Concerns have arisen regarding its operations due to the absence of regulatory oversight, an inaccessible website, intransparent operations, and limited customer service channels.
Pros & Cons
Pros:
- Diverse Financial Instruments: Nano Trade offers a wide range of financial instruments including CFDs for currencies, stocks, indices, shares, commodities, and bonds.
- Multiple Account Types: Nano Trade meets different trading needs with multiple account types, ranging from Minimal to VIP, each offering varying benefits and privileges based on deposited amounts.
Cons:
- Regulatory Oversight: Nano Trade lacks clear regulatory oversight.
- Website Accessibility: Ongoing issues with website accessibility disrupts trading activities and access to essential information for users.
- Limited Customer Service Channels: The broker primarily offers customer support via telephone only, with no alternative channels like email or live chat.
- Transparency Issues: There are concerns about transparency in Nano Trade's operations, including the undisclosed physical address and opacity in business practices.
Is Nano Trade Legit？
When considering the safety of a brokerage like Nano Trade or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
- Regulatory sight: The broker's current operation without legitimate regulatory oversight only fuels concerns about its legitimacy and trustworthiness. These worries are compounded by the broker's inaccessible website.
- User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the company's operations.
- Security measures: so far we have not found such info across Internet about this broker.
In the end, choosing whether or not to engage in trading with Nano Trade is an individual decision. We advise you carefully balance the risks and returns before committing to any actual trading activities.
Market Instruments
Nano Trade offers a comprehensive selection of financial instruments. Their portfolio includes Contracts for Difference (CFDs) across major currencies, global stocks, market indices, shares of prominent companies, commodities such as precious metals and agricultural products, and bonds from various issuers.
Account Types
Nano Trade provides a range of account types. The account options include Minimal Account, requiring a minimum deposit of $50; Standard Account, starting at $1000; Medium Account, beginning at $5000; Gold Account, with a minimum deposit of $10,000; Platinum Account, requiring $25,000; and VIP Account, which mandates a deposit of $50,000.
Leverage
Nano Trade offers leverage up to 1:100, allowing traders to amplify their market exposure relative to their deposited capital. This can magnify both profits and losses, necessitating careful risk management strategies for investors. While leverage can enhance trading flexibility, it also increases the level of financial risk, requiring traders to approach trading with caution and discipline.
Trading Platform
Nano Trade's trading platform is solely WebTrader-based, offering a user interface accessible via web browsers. While this platform allows trading from any internet-connected device without requiring software downloads, it lacks industry-leading solutions like MetaTrader 4 or 5 (MT4/MT5), which are favored for their advanced charting tools and algorithmic trading capabilities.
Moreover, Nano Trade does not provide dedicated desktop or mobile applications, limiting convenience and functionality compared to platforms offering these features. Traders will find this setup less versatile for executing trades and managing positions, particularly those accustomed to more robust trading platforms.
Deposit & Withdrawal
Nano Trade offers Blockchain, Betatransfer, Visa, and Mastercard.
Customer Service
Customer support at Nano Trade is primarily offered via telephone, with contact numbers provided for international reach (+44 203 769 02 89; +7 495 108 63 87).
Conclusion
In conclusion, Nano Trade provides a variety of online trading services encompassing CFDs on currencies, stocks, indices, shares, commodities, and bonds. However, serious concerns arise regarding the broker's lack of regulatory oversight, ongoing issues with website accessibility, opacity in operations, and limited customer service channels.
Therefore, we strongly discourage using Nano Trade for trading activities. Instead, we recommend seeking alternative platforms that prioritize transparency, regulatory compliance, and robust customer support to ensure a secure and satisfactory trading experience.
Q&A
- Is Nano Trade regulated？
No. The broker is currently under no valid regulation.
- Is Nano Trade a good broker for beginners？
No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its unavailable website, intransparent operations and limited available customer support channels (via phone only).
- Does Nano Trade offer industry leading MT4 & MT5？
No, it only offers a web-based trading platform.
- What is the minimum deposit does Nano Trade request？
$50.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
