Nexus Wealth is a CFD broker with an official website registered on June 14, 2024. The broker primarily provides investment services in markets like forex, cryptocurrency, indices, stocks, energy, and commodities. It does not serve countries or regions where such activities might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on its official website (nexuswealth-markets.live), Nexus Wealth's UK-based corporate entity is FXLOT TRADING LTD, with a company registration number of 13584975. This broker claims to be regulated by the Australian Securities and Investments Commission (ASIC).
Upon verification, the UK Companies House website shows that FXLOT TRADING LTD, with registration number 13584975, was indeed a registered company but was dissolved on February 21, 2023, and no longer exists. Additionally, no company named "Nexus Wealth" is regulated by ASIC.
Therefore, Nexus Wealth (nexuswealth-markets.live) is essentially a fraudulent broker with no corporate entity or regulatory oversight.
Account Opening Process
To open a trading account with Nexus Wealth, visit the broker's website. Click on "Open Account" on the homepage or "SIGN UP" at the top right corner of the page to access the registration form. Fill in personal information like your name and email and set a password. Upon submission and account verification, registration is successfully completed.
Trading Instruments:
Nexus Wealth offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or specific sector without trading individual stocks. Exploring popular indices can uncover diversified trading opportunities with high leverage for potential returns.
- Commodities: Commodity trading covers key global market resources, enabling traders to buy and sell raw materials like metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to partake in the price movements and dividends of public companies without actually owning the stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from high-volatility assets.
Investment Plans
The Nexus Wealth website does not disclose information regarding account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade volumes, maximum holding/order sizes, or minimum price precision.
Trading Platform
Nexus Wealth provides a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over-comprehensive liquidity providers, handling more than 12,000 orders per second.
Deposits and Withdrawals
The Nexus Wealth website does not disclose the supported deposit and withdrawal methods for users.
Conclusion:
Traderknows reminds investors that Nexus Wealth is a scam broker that entices investors with promises of high returns. The site has neither a company entity nor any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
