ANSWER Yes, Clone NSFX is a scam.According to the Malta Financial Services Authority (MFSA), Clone NSFX (nsfx.online) is using the details of an MFSA licensed company NSFX (C 56519). Fraudsters are using the details and website contents of this genuine company in an effort to deceive the public. The clone platform even adopts a similar domain name, making it difficult for unsuspecting traders to tell the difference between real and fake. The full MFSA warning can be accessed here.Therefore, Clone NSFX is a scam and poses substantial risks of fraud and identity theft. Investors must avoid it immediately. BrokersView always suggests investors verify a forex broker's licenses at first, a move that mitigates risks. Choosing a fully regulated broker not only helps reduce possibilities of fraud but also provides a recourse from the regulatory bodies if anything goes wrong.
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