Nexobtc (nexobtc.net) 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: nexobtc.net.
Nexobtc (nexobtc.net) 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: Competitive fees|Segregated accounts|Social trading features
Cons: Some tools only available on higher tiers|Minimum deposit could be lower
Nexobtc (nexobtc.net) 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: Full transparency|Regular platform improvements|Low minimum deposit
Cons: Alert system is basic
I have been trying to close my account with Nexobtc (nexobtc.net) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Clear documentation|Competitive fees|Good mobile app
Cons: Onboarding videos are outdated
After for a couple of months now with Nexobtc (nexobtc.net), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Tax reports included|Educational resources|Responsive team|Copy trading available
Cons: Limited ETF selection
My withdrawal request from Nexobtc (nexobtc.net) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Multi-device support|Automated trading options|Economic calendar
Cons: No integrated tax optimization|Mobile app could be improved
Do not believe the bonus offer from Nexobtc (nexobtc.net). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited while looking for alternatives to my previous provider and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Social trading features|High security standards|Good analytical tools
Cons: Minor UI glitches occasionally