Logo

NYFX Trading Platform Review: High Risk (Suspected Scam)

TraderKnows
TraderKnows
07-11

NYFX is a US forex trading platform. This article provides a comprehensive evaluation of NYFX based on regulatory licenses, trading products, trading software, fund security, deposit and withdrawal channels, and margin ratios.

Introduction to NYFX Company:

NYFX's official website is https://nyprofx.com/, which is available in Traditional Chinese, English, German, French, Russian, Japanese, Vietnamese, Korean, and Thai. According to Whois query results, the domain registration contact for this company is located in New York, USA. A search on the New York Department of State's website conducted by TraderKnows suggests that NYFX may have used registration information from NYFX QUEENS INC and NYFX INC, both of which were dissolved in 2000 and 2009, respectively. Additionally, the company's official website domain was registered within the last six months, with a registration date of June 24, 2023.

Whois查询公司注册信息

公司注册信息查询结果1

公司注册信息查询结果2

Is NYFX Compliant and Legitimate? Does It Hold the Appropriate Financial Regulatory Licenses?

The information presented on NYFX's official website indicates that the company is licensed and regulated by the National Futures Association (NFA) in the United States. However, a search on the NFA website conducted by TraderKnows reveals that NYFX is not a registered member of the National Futures Association (NFA) and is not subject to NFA regulation or authorization.

官网显示公司监管信息

官网显示监管信息查询结果

Trading Instruments Offered by NYFX:

According to NYFX's official website, the company provides trading services in various instruments, including forex, precious metals, energy, agriculture, indices, and more.

官网显示交易产品信息

Trading Software Offered by NYFX:

NYFX's website information indicates that their trading platform offers technical analysis tools and supports both desktop and mobile versions for iOS and Android. However, the platform it provides poses significant risks, as traders can potentially manipulate market data, force liquidations, and engage in unauthorized activities.

交易平台

Fund Safety:

NYFX does not disclose any third-party fund safeguarding information on its official website, raising concerns about the security of users' funds.

Deposit and Withdrawal Channels:

NYFX has not made any information available regarding user deposit and withdrawal channels, leaving users in the dark about how to make deposits and withdrawals.

Leverage Ratios:

While NYFX's website mentions that the company offers leverage ratios ranging from 1:1 to 1:500 in the "Frequently Asked Questions" section, it does not provide specific information on leverage ratios for individual trading products.

官网显示保证金比例信息

Summary:

NYFX is a forex brokerage firm operating with false regulatory information and conducting illegal financial activities. The company has not disclosed crucial information related to user fund security, deposit and withdrawal channels, and specific leverage ratios for trading products. NYFX is listed as "suspected scam" on TraderKnows. It is essential for traders to exercise caution when considering the services offered by NYFX to protect their financial assets and prevent potential losses.

交易圆百科

Skype 2

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

Wiki

Pig Butchering Scam

The 'Pig Butchering Scam' is a type of financial fraud that originated in Southeast Asia, but has now become prevalent globally. The name stems from the scammers' method of dealing with their victims: similar to raising pigs, they first 'fatten' them by building trust, and then 'slaughter' them by swindling away all their money.

Organization

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Logo

Contact Us

Social Media

footer1