NFO Markets (nfo.trade) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 442046004300 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: nfo.trade.
NFO Markets (nfo.trade) locked my account without warning and demanded documents I had already submitted. for just over a 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: Multi-device support|Market news feed|Tax reports included
Cons: Mobile app could be improved
My card was charged twice by NFO Markets (nfo.trade) on the same day. I had to dispute it with my bank. NFO Markets (nfo.trade) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: High security standards|Automated trading options
Cons: Wish they had more educational resources
The so-called education at NFO Markets (nfo.trade) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a couple of months now thinking they would help me learn.
Pros: Educational resources|Customizable dashboard
Cons: Live chat only during business hours|No crypto staking
My withdrawal from NFO Markets (nfo.trade) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about ten months of being strung along.
Pros: Stable platform|Customizable dashboard
Cons: None so far|Minor UI glitches occasionally
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. NFO Markets (nfo.trade) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Responsive team|Personal attention
Cons: Account statements could be more detailed
NFO Markets (nfo.trade) 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: Quick verification|Fast execution|API access
Cons: Minor UI glitches occasionally|Could offer more webinars