NOMOAI has been flagged by Comisión para el Mercado Financiero (Financial Market Commission) 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.
The reporting at NOMOAI 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: Multiple order types|No hidden fees|Tax reports included|Wide product range
Cons: Mobile app could be improved
Tried to withdraw my funds from NOMOAI and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
The platform at NOMOAI is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since I opened my account last year of dealing with this, I have had enough.
Pros: Competitive fees|High security standards|Economic calendar|Educational resources
Cons: No crypto staking|Search feature is basic
Several red flags with NOMOAI: (1) They promise unrealistically high returns, (2) They're not registered with Comisión para el Mercado Financiero (Financial..., (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Unauthorized firm|Found in IOSCO warnings database
Customer support at NOMOAI seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Multi-currency support|Copy trading available|Two-factor authentication
Cons: Limited social trading features|Limited cryptocurrency options
I am in a dispute with NOMOAI over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Copy trading available|Multi-currency support
Cons: Research section could be deeper|Onboarding videos are outdated
My withdrawal from NOMOAI 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 close to eighteen months of being strung along.
Pros: Stable platform|Tax reports included|Real-time alerts
Cons: Live chat only during business hours|Website design could be more modern