Nixtraders (nixtraders.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +234 8811 880 3477
Addresses: Gateshead NSW 2290, Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: nixtraders.com.
Nixtraders (nixtraders.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Regular updates|Easy withdrawals
Cons: Could offer more webinars
Nixtraders (nixtraders.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Multi-currency support|Personal attention
Cons: Wish they had more educational resources|Spreads widen during volatile periods
My card was charged twice by Nixtraders (nixtraders.com) on the same day. I had to dispute it with my bank. Nixtraders (nixtraders.com) 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: Instant funding|Economic calendar
Cons: Some tools only available on higher tiers|Alert system is basic
Nixtraders (nixtraders.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Quick verification|Risk management tools|Dedicated account manager|Regular updates
Cons: Account statements could be more detailed
Do not believe the bonus offer from Nixtraders (nixtraders.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited based on a colleague's recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Fast deposits|Portfolio tracking tools|Fast support response|Two-factor authentication
Cons: Spreads widen during volatile periods|Account statements could be more detailed