https://cn.nicofx.com/en/index.html
Website
Single Core
1G
40G
1M*ADSL
NICOFX’s Office in Cyprus Does Not Exist
The visit by our survey personnel confirmed that the broker NICOFX’ real address was inconsistent with its regulatory address. Although it has an CySEC STP license (reference number 226/14) and an FCA EEA Representative license (reference number 672844), it is running business out of the fields allowed by its BaFin license (No.142143) and French BDF license (No.75131).
NICOFX’s Office in Cyprus Does Not Exist
The visit by our survey personnel confirmed that the broker NICOFX’ real address was inconsistent with its regulatory address. Although it has an CySEC STP license (reference number 226/14) and an FCA EEA Representative license (reference number 672844), it is running business out of the fields allowed by its BaFin license (No.142143) and French BDF license (No.75131).
nicofx.com
Server Location
United States
Website Domain Name
nicofx.com
Website
WHOIS.DOMAIN.COM
Company
DOMAIN.COM, LLC
Domain Effective Date
0001-01-01
Server IP
23.239.200.109
Note: NICOFXs official website: https://cn.nicofx.com/en/index.html is currently inaccessible normally.
NICOFXReview Summary | |
Founded | 2013 |
Registered Country/Region | United Kingdom |
Regulation | CySEC (Cyprus Securities and Exchange Commission) |
Market Instruments | Precious metals (gold, silver, platinum, palladium), Forex currency pairs |
Demo Account | ❌ |
Leverage | Up to 1:30 |
Spread | Variable spreads based on market conditions |
Trading Platform | MT4 Margin WebTrader |
Min Deposit | $100 |
Customer Support | Phone: 35724020288 |
Email: cn.support@nicofx.com |
NICOFX, founded in 2013, is an established brokerage registered in the United Kingdom. The trading instruments it provides cover Precious metals and Forex. But currently its website is unreachable.
Pros | Cons |
Diversified trading products | Unreachable website |
Support MT4 | Office in Cyprus Does Not Exist |
3 types of accounts |
It is clear that NICOFX is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding a license of 226/14. (Regulated)
NICOFX is also regulated by Financial Conduct Authority (FCA) in United Kingdom, holding a license of 672844(Unsubscribed).
In Germany, NICOFX is regulated by Federal Financial Supervisory Authority. The license number is 142143 (Revoked).
In France, NICOFX is regulated by The Autorité des Marchés Financiers (AMF). The license number is 75131 (Exceeded).
NicoFX offers traders the opportunity to trade Precious metals (gold, silver, platinum, palladium), Forex currency pairs. However, Stocks, ETFs, funds and bonds are not accessible.
Tradable Instruments | Supported |
Precious metals | ✔ |
Forex currency pairs | ✔ |
Stocks | ❌ |
ETFs | ❌ |
Funds | ❌ |
Bonds | ❌ |
NicoFX offers three trading accounts: the Standard Account (minimum deposit of $100), the Premium Account (minimum deposit of $5,000), and the VIP (minimum deposit of $10,000).
Account Types | Standard | Premium | VIP |
Minimum Deposit | $100 | $5,000 | $10,000 |
Max Leverage | 1:30 | 1:30 | 1:30 |
Spread Type | Variable | Variable | Variable |
NicoFX claims to offer low and variable spreads, but does not give specific information.
NicoFX's trading platform is MT4 Margin WebTrader, which supports traders on the web and mobile.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 Margin WebTrader | ✔ | Web, Mobile | Beginner |
MT5 | ❌ |
The broker supports four payment methods: VISA, bitcoin, mastercard and WIRE TRANSFER. In addition, its minimum deposit requirement is $5,000.
Deposit Options
Deposit Options | Fees | Processing Time | Exchange Rate |
Bank Transfer | No specific fee mentioned | 2-5 working days | current exchange rate |
Union Pay | 1% | 1-4 working days | current exchange rate |
Visa | 2.4% | Instant | current exchange rate |
Mastercard | 2.4% | Instant | current exchange rate |
Skrill | 3.85% | Instant | current exchange rate |
JCB | 5.85% | Instant | current exchange rate |
Amex | 5.85% | Instant | current exchange rate |
Withdrawal Options
Withdrawal Options | Fees | Processing Time | Exchange Rate |
Bank Transfer | $40 | 2-5 working days | current exchange rate |
Union Pay | $20 | 1-4 working days | current exchange rate |
Visa | 1% | 1 working day | current exchange rate |
Mastercard | 1% | 1 working day | current exchange rate |
Skrill | 1% | 1 working day | current exchange rate |
JCB | 1% | 1 working day | current exchange rate |
Amex | 1% | 1 working day | current exchange rate |
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