- CySEC
- FCA
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Summary of NICOFX Trading Company
NICOFX is a European online forex broker serving customers globally. NICOFX is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), license No. 226/14. The company is also registered with a UK regulatory body – the Financial Conduct Authority (FCA), reference number 672844, and the Federal Financial Supervisory Authority (BaFin, GER) with registration ID 142143. In addition, NICOFX is a member of the Investor Compensation Fund (ICF) and complies with the European Markets in Financial Instruments Directive (MiFID).
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Trading Conditions for NICOFX Users
| 💻 Trading platform: | MT4, Mobile Apps |
|---|---|
| 📊 Accounts: | Standard, Premium, VIP |
| 💰 Account currency: | USD, EUR |
| 💵 Replenishment / Withdrawal: | Bank Wire Transfers, UnionPay, Skrill, Debit / Credit Cards Minimal deposit - 100USD |
| 🚀 Minimum deposit: | 100 USD |
| ⚖️ Leverage: | ESMA leverage |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | from 0,9 p |
| 🔧 Instruments: | Forex, Metals |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market Execution |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | No |
Contacts
| Foundation date | 2014 |
| Registration address | Andrea Zappa & Makedonon 4, Honey Court V, 1st floor, Office 11A , 4040 Limassol, Cyprus. |
| Regulation |
CySEC, FCA Licence number: 226/14, 672844 |
| Official site | nicofx.com |
| Contacts |
Email:
support@nicofx.com,
sales@nicofx.com,
backoffice@nicofx.com,
Phone: +357 24 020 299 |
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has NICOFX been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against NICOFX by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of NICOFX is down, not updated or operates with clear errors and some features are not available;
• NICOFX has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if NICOFX got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why NICOFX got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from NICOFX?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if NICOFX is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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