There aren’t many brokers that provide honest and reliable services. You’ve landed on this Nixse review, and this company is not among the platforms that operate transparently and fairly with their clients. Why this organization is dangerous and why it’s not recommended to open a deposit here — you’ll find out below.
Key Features
- Company Name: Nixse Ltd
- Website: https://nixse.com/
- Available Contacts: +18778977939, [email protected]
- Foundation: 2020
- Services: CFD trading
- License: no
- Initial Deposit: $250
From Sign-Up to Payout
Nixse tries to give the impression of being a serious broker through its official website, but honestly, it does a poor job. There are images of people in suits everywhere, who don’t even look like professional traders. The text is mostly devoid of meaning or useful information. Even though the firm talks about various advantages, they are often mentioned without real evidence. For example, “Strong Regulatory” — what exactly does this mean, and do they actually have any licenses?
Of course, the company used a pre-made template. While it’s not a particularly popular one, many brokerage firms with websites look exactly the same. By the way, the site only supports English.
Let’s take a closer look under the hood of Nixse. To do this, you first need to register, which requires not only contact details but also, for some reason, your full residential address. This will turn off many traders, as they won’t want to bother filling in all the details. Although, that might actually be for the best.
It’s not surprising that after spending time filling out all this information, the system returned an error. You can’t register an account due to the “Request Failed!” error. Do you know which brokers often have these kinds of issues? Illegal and fraudulent ones.
In the end, it wasn’t possible to check out the personal account interface or other features. The broker only offers credit/debit cards or Bitcoin as payment methods.
Our Trading Experience With Nixse
Due to the inability to complete registration for the personal cabinet, it’s impossible to test the functionality or even see the appearance of the trading platform. Traders are left only with the descriptions of the features the terminal supposedly has.
You shouldn’t take the claims of brokerage companies at face value. They tend to exaggerate and deceive. A firm may describe its terminal as the best and most advanced, but in reality, it could be a poor imitation of serious software. The situation with Nixse’s platform remains unclear.
The broker claims that traders can use not only a web version but also versions for smartphones and computers. Judging by the name of the terminal, it seems to be a proprietary development of the company. Trading on unverified software is dangerous because it may contain backdoors that allow the company to interfere with the trading process. For example, Nixse could “manipulate” any chart they needed. If you have a stop-loss order in place, the platform could easily trigger it by creating a false spike that reaches the level of your order.
The Reality Check
The broker claims to be legally based in Taiwan. This is quite an unusual jurisdiction for registering a brokerage intermediary. It’s curious why they chose Taiwan specifically. We managed to find the country’s registry of legal entities, but this organization wasn’t listed. So, the firm is lying about its registration in Taiwan.
However, registration number 25973BC2020 doesn’t look Taiwanese at all. This type of registration number is used by companies officially based in the offshore country of Saint Vincent and the Grenadines. And what did we find? In Saint Vincent and the Grenadines, there is a company named Nixse, which was registered there in 2020. So why did the broker list a completely different jurisdiction? Are they confused about geography? Or are they afraid to reveal that they’re registered in such a disreputable place, notorious for fraudulent Forex dealers?
Don’t pay attention to the registration in this country. It has nothing to do with honest and reliable company operations. Registering a company in SVGFSA is incredibly easy. It’s cheap and fast, which is why scammers love this jurisdiction. So the fact that the firm is located there is a serious red flag.
The broker has no licenses. However, any honest and secure intermediary should be regulated. This means that clients’ funds are not protected. In the case of a scam, traders have nowhere to turn for help, and no one will hold the platform accountable for fraudulent actions. Are you really ready to take that risk?
How Long Has Nixse Been in the Game?
You should also consider how long the company has been in the brokerage market. The older the broker, the more trust it earns — that’s the rule. Such a company has more clients, runs a serious business, and has stood the test of time. The same cannot be said about the subject of this review. It’s only been operating for a short period — just 4 years. The domain nixse.com was registered in 2020. So everything checks out.
Advice for inexperienced traders: Only consider companies that have been around for at least 10 years. Ideally, 15 or 20 years. Simply put, the older the firm, the more trustworthy it is. By choosing a platform with extensive experience, you automatically filter out companies that were created for a quick scam.
Extra Fraud Indicators
The company lacks popularity among traders. Even though it has been operating since 2020, the firm still has very few reviews online, and its social media presence is almost nonexistent. On X (formerly Twitter), it only has 8 followers, and its Instagram account has been deleted. The fact that clients aren’t flocking to trade here is an important red flag.
It’s also worth mentioning the lack of transparency and the absence of critical information on nixse.com. There is no mention of licenses, and commissions and spreads are not disclosed. This is crucial information, yet it’s being hidden. There’s also no word on their business model, though it’s clear that they operate as a dealing desk.
A dealing desk presents a conflict of interest, which is why it’s not recommended to work with such organizations. The problem is that these platforms are incentivized to make their clients lose money. They have no other way to generate revenue. Traders are advised to only trade with legitimate intermediaries who earn their profits through commissions and spreads.
Is Nixse the Right Fit?
Although the broker is officially registered, it’s still an illegal company. Instead of a real address, they list a fake one, and there are plenty of negative reviews online. You didn’t land on this Nixse review by accident — you were surely searching for information about the firm and found this exposé.
As an experienced trader, I advise you not to even register an account with NIXSE. You will definitely lose your money — be sure of that. This company was created to steal money from its clients. You won’t be able to trade profitably. They’ll make sure of that. They’re not interested in you making money. If you profit, the platform loses. They have no license or insurance. Offices? Also nonexistent. Is this a well-known brand or a company everyone is talking about and discussing on forums? No. It’s a no-name among brokers. I can confidently say — they are scammers, and they will steal your deposit.
I traded here. There’s nothing good to say. Their spreads are enormous, and the platform constantly freezes. Trading is impossible. I was constantly stressed out because my orders would open 10 seconds after I submitted them to the system. Customer support is silent, as if it doesn’t exist. I regret opening an account here. This is a typical offshore scam broker. They pretend to operate legally, but in reality, they scam clients out of their money. Fake trading with no connection to liquidity providers. I lost money — down $2,000.