NEXOTRADES
On December 18, 2023, the Cyprus Securities and Exchange Commission (CySEC) added NEXOTRADES to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=12e1464d-4655-4384-a91e-5e4e43fb925a
On December 18, 2023, the Cyprus Securities and Exchange Commission (CySEC) added NEXOTRADES to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=12e1464d-4655-4384-a91e-5e4e43fb925aNEXOTRADES (https://nexotrades.com/) claims to be operated by Goldenburg Group Ltd, a company licensed by the Cyprus Securities and Exchange Commission (CySEC).
However, the CySEC has issued a warning about NEXOTRADES, stating that this website is not affiliated with any entity licensed by CySEC. This implies that the regulatory status claimed by NEXOTRADES is false. Furthermore, the license of Goldenburg Group Ltd is currently under voluntary suspension.
In essence, NEXOTRADES is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
NEXOTRADES is unequivocally a scam.
NEXOTRADES (https://nexotrades.com/) claims to be operated by Goldenburg Group Ltd, a company licensed by the Cyprus Securities and Exchange Commission (CySEC).However, the CySEC has issued a warning about NEXOTRADES, stating that this website is not affiliated with any entity licensed by CySEC. This implies that the regulatory status claimed by NEXOTRADES is false. Furthermore, the license of Goldenburg Group Ltd is currently under voluntary suspension.In essence, NEXOTRADES is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.NEXOTRADES is unequivocally a scam.On 22 January 2024, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning that NEXOTRADES was providing financial services or products without authorisation. You may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
On 22 January 2024, the Comisión Nacional del Mercado de Valores (CNMV) issued a warning that NEXOTRADES was providing financial services or products without authorisation. You may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0BrokersView found that the domain "nexotrades.com" is for sale. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "nexotrades.com" is for sale. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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