Nexco Assets has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.nexcoassets.com.
The onboarding at Nexco Assets was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Automated trading options|Stable platform
Cons: Email notifications too frequent|Limited social trading features
Nexco Assets locked my account without warning and demanded documents I had already submitted. since I opened my account last year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Two-factor authentication|Clean UI
Cons: Email notifications too frequent|No integrated tax optimization
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I joined Nexco Assets when my bank disappointed me and I searched for alternatives and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Wide product range|Instant funding|Low minimum deposit
Cons: No integrated tax optimization|Limited demo account features
Nexco Assets offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Personal attention|Professional team|Regular updates|Dedicated account manager
Cons: No dark mode on mobile|No live chat on mobile
The mobile app from Nexco Assets is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Easy withdrawals|Fast deposits
Cons: Some tools only available on higher tiers|Search feature is basic
KYC with Nexco Assets is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Fast support response|Personal attention|Clean UI|Real-time alerts
Cons: No integrated tax optimization
I closed a profitable position at Nexco Assets and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Multiple order types|Fast deposits
Cons: Research section could be deeper
The platform itself is okay, but the customer service at Nexco Assets is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Two-factor authentication|Fast execution
Cons: Website design could be more modern
The reporting at Nexco Assets is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Good analytical tools|High security standards|Clear documentation|Real-time alerts
Cons: Slow to add new assets|Mobile app could be improved