WikiFX Broker's Review on NLVX Exchange

What is WikiFX？

Wikifx is a platform for searching worldwide corporate financial data. Its principal duty is to offer basic information search, regulatory license seeking, the credit assessment, platform identification, and other services to the participating foreign currency trading firms.

WikiFX has developed a big data solution that combines data gathering, data screening, data aggregation, data modeling, and data productization utilizing public data from government agencies, sophisticated sniffer systems, and scientific computer algorithms. WikiFX may then measure the supervision and risk levels of the associated organizations across several dimensions and give matching security solutions to individual users, corporate users, and government agencies.

WikiFX has always put great importance on scientific and technical research, as well as the establishment of independent intellectual property rights, and it tries to deliver high-quality services to users via continual innovation and iteration. The organization is positioned as a multinational commercial venture, with branches or offices in Singapore, Japan, Australia, Indonesia, Vietnam, Thailand, Cyprus, and other countries, advertising WikiFX to users globally in over 14 languages. Users from all around the globe love the enchantment and convenience that Internet technology delivers.

WikiFX lists over 37,000 brokers, both legal and unregistered. WikiFX has been working with 30 financial regulators for quite some time. WikiFX can assist traders with any issues they are having with their online trading brokers. Many instances have been settled as a consequence of their engagement with financial authorities and the team's zeal in supporting traders who have been defrauded by scam brokers.

The data in the WikiFX database is derived from legitimate regulatory authorities like the FCA, ASIC, and others. Fairness, impartiality, and facts are also stressed in the released information. WikiFX does not collect public relations fees, advertising costs, ranking fees, data cleaning fees, or any other unreasonable expenses. WikiFX will do everything necessary to maintain the database consistent and synced with authoritative data sources such as regulatory bodies, but cannot promise that the data will always be up to date.

Because of the complexity of the forex sector, some brokers are issued legal licenses by fraudulent regulatory organizations. If you feel that the data provided by WikiFX is incorrect, please notify us by selecting “Complaints” and “Correction.” We will check right away and report back.

This article will look into NLVX, a broker that has appeared on the WikiFX system as a result of complaints from traders all around the globe.

What is NLVX？

NLVX is a well-known, well-recognized, and well-listed Forex broker situated in the United Kingdom. It is a network of internationally licensed online brokers that have adapted to the ever-changing digital brokerage industry to provide traders with the greatest trading tools and experience possible. NLVX promotes automated trading, no hidden costs or charges, and quick order execution.

NLVX maintains its flexibility by letting traders regulate their leverage risk. Margin needs are steady throughout the week and do not rise at night or on weekends. The lever range may change from NLVX depending on the instrument type.

Features of NLVX

• Micro lot trading

• no restrictions

• 24/5 Market support

• Zero fee funding

• Low minimum deposit

• Immediate payment with numerous payment methods

NLVX Account Types

There are numerous sorts of accounts accessible on NLVX, each with its unique set of services. The deposit fees are determined by the kind of account you have.

• Key Ecn

• Exclusive Ecn

• Prime Inc.

• Master Ecn

• Dignitary Ecn

The NVLX is controlled by no special authority, according to its official website. The Saint Vincent and the Grenadines logo, on the other hand, is accessible on their website. They also lack a license or registration number, making it difficult for them to function. Other reputable websites yielded no hits when looking for NVLX rules. This suggests that this broker might be a currency fraudster.

Also, read this article about the rules in Saint Vincent and the Grenadines to assess the status of a broker who claims to be licensed in the region. (www.wikifx.com/en/newsdetail/202208027034620584.html)

NVLX on WikiFX

WikiFX gives rankings to brokers so that traders may readily determine their standing. The score will be decided by the broker's authenticity and risk management, as well as trader complaints.

WikiFX gives NVLX a poor rating due to its lack of credibility. Despite the fact that the WikiFX team has not received a single report. WikiFX constantly encourages its customers to utilize the WikiFX app to help them choose the best trading broker. Only one software, WikiFX, can answer your inquiries. So conducting some research is superior to doing nothing.

These are the WikiFX scoring criteria

License Index: The WikiFX legal team conducts a full review of the legitimacy and worth of the broker's license using different methods such as queries on the regulatory authority's website and telephone and mail correspondence with the regulatory authorities.

Business Index: The WikiFX Corporate Consultant and the Global Eye System conduct a systematic review of the complete level of the broker's business using the Business Compliance Verification Model, the Business Sustainability Assessment Model, and the Business Lifecycle Verification Model.

Risk Management index: The WikiFX risk management team and the WikiFX cloud system conducted a systematic examination of real-time monitoring of over 40 indicators, including the broker's command execution index, client capital static index, worldwide public opinion index, liquidity index, and credit index.

Software Index: WikiFX data engineers and test engineers conducted a thorough examination of the dynamic tracking test and technology of more than 20 indicators, including software authenticity and security, stability, and order execution speed.

Regulatory Index: The WikiFX compliance and audit team quantifies the amount of broker regulatory compliance using regulatory grading standards, regulatory real values, regulatory utility models, and regulatory abnormality prediction algorithms.

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