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Nation FX
Suspected Fraud
Suspected Fraud

Nation FX

🇻🇨
  • CFD
  • Brokerage
2-5 years
Website

Current Rating

3.30

Industry Tier

C

Profile

Nation FX is a contract for difference (CFD) broker registered in Saint Vincent and the Grenadines in 2021, headquartered in Limassol, Cyprus, with a branch in Australia. It primarily offers CFD trading services in forex, stocks, indices, futures, precious metals, energy, and more to its users. The broker's official website is https://nation-fx.com/, and the website is available in English. It's worth noting that Nation FX does not provide services to residents of Sudan, Syria, and North Korea.

Company Background:

Nation FX was established in 2021 in Saint Vincent and the Grenadines, under the entity NATIONFX LLC with registration number 1485. According to the information provided, the registration details can be verified with the Saint Vincent and the Grenadines Financial Services Authority.

公司注册信息

The company entity registered in Australia is NATION FX PTY LTD, established in July 2023, with the registration number 669 876 153. It holds an authorized representative (AR) license from the Australian Securities and Investments Commission (ASIC).

澳大利亚公司注册信息

Additionally, according to a Whois query, the broker's official website domain was registered on October 13,2021, and has been active for over two years now.

Whois域名年限数据

Regulatory Information:

Nation FX claims to hold an authorized representative (AR) license from MGF CAPITAL PTY LTD, certificate number 001304800. Information retrieved from the official website of the Australian Securities and Investments Commission (ASIC) indeed shows that the broker has purchased an AR license from MGF CAPITAL PTY LTD. However, this license's regulatory strength and investor protection may be limited.

澳大利亚证券和投资委员会(ASIC)

What's more critical is that MGF CAPITAL PTY LTD has sold AR licenses to over 20 similar entities, including NATION FX PTY LTD. These entities have no direct relationship with MGF CAPITAL PTY LTD and seem to be using the AR licenses purchased from them for promotional purposes, raising concerns about potential fraud.

授权代表牌照(AR牌照)信息

Trading Products:

NATION FX offers a variety of financial instruments for users to trade, including:

Forex: Providing opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to trade based on price fluctuations between one currency and another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY, among others.

Stocks: Traders can engage in CFD trading for stocks of different companies, including well-known names like Apple, Microsoft, and Amazon. This allows investors to participate in the market without holding actual stocks.

Indices: Index CFDs enable investors to trade based on the price performance of market indices without the need to buy or sell the actual component stocks or assets.

Futures: Futures CFDs enable traders to speculate on the price movements of various assets without owning the actual asset. CFDs allow investors to profit from price fluctuations in the market.

Precious Metals: CFDs on precious metals like gold and silver provide opportunities for investors to trade price movements without physically owning the metals, potentially profiting from price fluctuations.

Energy: Energy CFDs are contracts based on price movements of energy commodities, allowing investors to take long (buy) or short (sell) positions in the energy market without holding the physical commodities.

交易产品

These products not only offer access to different financial markets but also allow investors to manage risk through diversified portfolios.

Trading Platform:

Nation FX provides the widely recognized MT4 platform for forex trading. This software offers a customizable interface with various technical analysis tools, customizable charts, and a range of built-in indicators like MACD, KDJ, CCI, and more to assist investors in analyzing market trends and making trading decisions.

MT4 is known for its fast and reliable trade execution, making it a preferred choice for many investors and financial institutions. The software is compatible with various devices, including PCs, mobile devices, and web-based platforms, offering ease of use for investors.

交易平台

Account Registration:

Nation FX's website provides a link for account registration, but it doesn't specify whether the registration is for a demo or live account. The registration process involves providing information such as trading name, country, phone number, email, and password as required on the registration page.

注册账户(1)

注册账户(2)

Account Types:

Nation FX offers two account types for investors to choose from:

  1. Classic Account (Minimum deposit of $100)
  2. Rawspread Account (Minimum deposit of $200)

Investors can select the account type that suits their trading needs based on these options.

账户类型

Spreads and Leverage:

Due to the different account types offered by Nation FX, there are variations in spreads, minimum trade sizes, and leverage. Here are the details:

Classic Account: Spreads start from 0 pips with no commission, minimum trade size of 0.01 lots, maximum leverage of 1:300, and a minimum deposit of $100.

Rawspread Account: Offers raw spreads with a $15 commission, minimum trade size of 0.01 lots, maximum leverage of 1:100, and a minimum deposit of $200

Classic账户点差和杠杆

Rawspread账户的点差和杠杆

Deposits and Withdrawals:

Nation FX's official website mentions deposit methods like VISA, Epay, and digital assets, but it does not provide information on accepted currencies, fees, or deposit processing times. Additionally, key details regarding withdrawal channels, currencies, fees, and withdrawal processing times are not provided.

存款方式

Customer Support:

Investors can access 24/5 customer support from Nation FX through phone and email. The broker's official website does not specify the exact hours of customer service, which might impact the responsiveness to customer inquiries.

客户支持

Summary:

There are suspicions surrounding Nation FX, with potential indications of fraudulent activities. While the registration information on Nation FX's official website appears to be genuine, the broker lacks transparency in providing crucial information regarding deposits and withdrawals. Moreover, the fact that it holds an authorized representative (AR) license from MGF CAPITAL PTY LTD (421246), which has also sold similar licenses to over 20 other entities, raises concerns about possible fraudulent activities. As a result, Nation FX is currently flagged as having "suspicion of fraud" on the TraderKnows platform. TraderKnows advises investors to exercise caution when considering the services provided by this company, to safeguard their financial security and avoid falling into potential fraud traps.

User Reviews

3.30

Rated by 0 people

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FAQ About Nation FX

01

What is Nation FX's official website?

A: Nation FX's official website is https://nation-fx.com/

02

Is Nation FX a legitimate company, or is it a scam?

A: Nation FX is currently marked as Suspected Fraud on TraderKnows.

03

What is Nation FX?

A: Nation FX is a CFD, Brokerage company.

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