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NTFX

Cyprus|5-10 years|
MT4 Full License|Regional Brokers|Cyprus Market Making(MM) Unsubscribed|High potential risk|

http://ntfxpro.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
NTFX-Demo MT4
Server Location Netherlands

Contact

+357 25-281-889
info@ntfxpro.com
http://ntfxpro.com/
3101, Griva Digeni street, 105, office 101, Limassol, Cyprus

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+357 25-281-889

Other ways of contact

Broker Information

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Company Name

NTFX Capital Ltd

Abbreviation

NTFX

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-07-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • CyprusCYSEC (license number: 280/15) The regulatory status is abnormal, the official regulatory status is Unsubscribed. Please be aware of the risk!

WikiFX Verification

NTFX · WikiFX Survey
Danger A Visit to NTFX in Cyprus -- Office changed to A Clinic
Cyprus

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NTFX · Company Summary

General Information & Regulation

NTFX is a Cypriot registered online Forex and CFD broker, established in 2016, whose CySEC regulated license in Cyprus was verified as canceled, meaning that NTFX is currently an unregulated broker.

Market Instruments

The financial instruments offered by NTFX are mainly Forex currency pairs and CFDs. NTFX offers fewer asset classes for trading than most other dealers.

Accounts & Leverage

As far as is known, NTFX offers a classic account with a minimum initial deposit of $5,000. Needless to say, the minimum initial deposit amount set by NTFX is too high, as most regular brokers offer initial deposits of between $100 and $200. Moreover, NTFX offers maximum leverage of 1:500 for EURUSD and 1:20 for CFDs.

Spreads & Commissions

NTFX Classic accounts offer a minimum spread of 1 pip on EURUSD and an average spread of 1.3 pips, which is more in line with industry standards but not competitive.

Trading Platform

NTFX offers investors the most popular MT4 trading platform available today. MT4 features advanced technical analysis tools, flexible trading systems, algorithmic trading and expert advisors, and mobile trading apps that offer different trading strategies for traders of all skill sets.

Deposit & Withdrawal

NTFX supports traders to deposit and withdraw funds to and from their accounts via credit card, debit card, Neteller, WebMoney, and wire transfer.

NTFX Cons

NTFX Disadvantages Include:

1. No regulation

2. Limited tradeable assets

3. High minimum initial deposit amount

4. Uncompetitive spreads

5. Limited deposit and withdrawal options

User Reviews

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User comment

3

Comments

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右先生
more than one year
Terrible company, I recommend putting safety first when choosing a broker! What is the point of having other favorable trading conditions if you have been scammed out of your money? Never choose a company that is not regulated.
2022-11-30 18:02
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0
0
Pp29114
more than one year
NTFX is a small company without any legal regulatory licenses. They are unreliable. They claim to be registered in Cyprus, but in fact, the registered address they provide does not exist at all. Don’t believe their ads on the website and don’t be cheated!
2022-11-28 12:24
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0
0
FX1061914763
more than one year
Their $5,000 minimum deposit scares me, really! What’ the hell! I haven’t seen a broker asking for so high minimum deposit since I traded with many brokers. I looked through its website, only finding that spreads are not that competitive, not holding any valid license at all...frustrating, when all was said and done, I choose not to use this broker. I don’t want to waste my time and money here…
2022-11-28 10:05
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0
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United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
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