Nexalybit (farmcheck.beauty) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: farmcheck.beauty.
The spread at Nexalybit (farmcheck.beauty) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after my brother mentioned them and initially thought the platform was good - until I started trading seriously.
Pros: High security standards|Two-factor authentication
Cons: No dark mode on mobile
I requested my data from Nexalybit (farmcheck.beauty) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Market news feed|Easy to use platform
Cons: Would like more payment methods|None so far
After using Nexalybit (farmcheck.beauty) since the beginning of the year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Dedicated account manager|Customizable dashboard|Helpful community forum|Professional team
Cons: Search feature is basic|Research section could be deeper
After for about eight months with Nexalybit (farmcheck.beauty) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Helpful community forum|Demo account available|Easy withdrawals
Cons: No fractional shares|Limited social trading features
I found Nexalybit (farmcheck.beauty) while looking for alternatives to my previous provider and the initial impression was positive. But since last summer later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Social trading features|Economic calendar|API access
Cons: Limited demo account features|Research section could be deeper
Nexalybit (farmcheck.beauty) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Clear documentation|Easy to use platform
Cons: Minimum deposit could be lower|Alert system is basic
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Nexalybit (farmcheck.beauty) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Detailed reporting|Helpful community forum|Regular platform improvements|Two-factor authentication
Cons: Limited ETF selection|Currency conversion fee exists
I referred a friend to Nexalybit (farmcheck.beauty) from a blog post comparing services. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Dedicated account manager|Professional team
Cons: Wait times can be long during peak hours|Help articles are sometimes vague