Nerostrade Review, London appears to be a popular fictive address for many wannabe brokers. Especially those like Nerostrade that try to seem legit by mentioning New York and London in one sentence.
Indecisiveness is also present, as Nerostrade mentions nerostrade.com Finance LLP in legal docs as the owning agency. Then we found Nerostrade USA, Inc on the homepage. We’re not quite sure if it’s because they want to deceive customers or seem like a multinational conglomerate.
Since 2018 Nerostrade supposedly makes trading easy, fast, and reliable with 24/7 support, staking, and bank-grade security insurance. In reality, all you will get is a joke of a trading terminal and a confusing absence of all trading parameters.
Read our Nerostrade review in its entirety to see why we can’t recommend this broker as even remotely reliable.
|Minimum Deposit||0.005 BTC|
License and Safety of Funds at Nerostrade
The UK address generally implies the broker has to be regulated by the UK financial authority. To sell online financial services or products to UK residents, firms need a license from FCA. To do that, they first must provide proof of at least £730 000 investment. In all honesty, Nerostrade, based on their cheap and unconvincing site, doesn’t seem like a company serious enough for that kind of project.
What’s more, FCA-regulated brokerage organizations have contracts with top-tier banks to secure investments through segregated accounts. Clients can enjoy safe trading with reduced risk for loss.
After making sure Nerostrade isn’t in the FCA register of regulated entities, we checked several more sources. The NFA database also doesn’t contain the name of Nerostrade as a registered brokerage business. CySEC, IIROC, ASIC, CONSOB, and CNMV have nothing on Nerostrade either.
This company is completely anonymous and runs an illegal scheme oriented toward scamming clients. If you happen to invest here and lose, the Financial Ombudsman Service can’t protect you and you won’t have access to the Financial Services Compensation Scheme.
What Trading Platforms Are Available?
Strangely familiar, a web-based trading platform is the only choice Nerostrade can offer its clients. Even if we pretend we haven’t seen it before, we can’t be surprised by its deficiency and unreliability. All these scammers with look-a-like, useless trading software solutions are so generic you can’t tell them apart anymore. Their thing in common is the attempt at deceptive use of the terminal to create the illusion of trading happening.
This is why we’d like you to never settle for less than the progressive and most advanced trading software. Regulated brokers will always allow access to the best trading platforms today with versions for all devices.
You can use expert advisors to ease up your trading process, customize the trading environment and always stay up to date with the latest market fluctuations. That and much more is what leading software of the online trading industry offer.
Funding Method at Nerostrade
|Broker||Nerostrade||FXTM||OctaFX||FPMarkets||XM Broker||HFM||FBS Broker|
|Minimum Deposit||0.005 BTC||$10||$100||$100||$5||$5||$100|
For justified reasons, Nerostrade and other frauds will only ever allow crypto depositing. The primary motive is keeping their anonymity so as not to be caught and penalized for their crimes. Backtracking the depositing process is more difficult when done via crypto.
For those purposes, Nerostrade allows a dozen deposit methods, as long as they’re crypto. Bitcoin, Ethereum, Litecoin, Dash, Tether, Monero, and a sea of other digital currencies of choice.
The client area implicitly forces you to deposit at least 0.005 BTC, which is roughly $82. Withdrawals are possible for a minimum sum of $150. Other than that, for all we know, refunds are long, expensive, and painful for the trader.
Various fees apply. Premium account fee, depositing and withdrawing fee, additional processing fee and nameless other charges. After paying all those fees, Nerostrade still keeps the right to reject the withdrawal request! It’s cruel how much Nostrade demands. Probably just to make clients give up.
How Does Fraud Operate?
Flashy ads appear commonly on social networks and similar sites. They all advertise easy money and get rich fast. Knowing what to offer, they easily captivate the attention of a potential victim. The thoughts of easy money quickly allure investors. Some friendly convincing and an informal attitude of agents gain trust in no time, and the trap closes around you before you know it.
By the time you suspect anything, you have already invested more than you originally planned. But you can’t just walk away, you ask for a withdrawal. Several fees apply and withdrawal keeps being postponed until rejected. Your hard-earned money is gone and the swindler is safely tucked away in their lair, counting money.
All experiences with scammers are dreadful. Please avoid this and invest safely with a licensed organization.
Forex Brokers Suggestions
We don’t have any motive to force you to invest with these brokers. However, we feel obligated to bring suggestions we know are safe. These brokers we made a short list of are all regulated. Solid evidence of their success are the awards and thousands of content clients around the globe.
Be sure that you will be provided with the most desired trading conditions, flexible software, reliable customer support, and rich educational materials. You will be able to expand your trading knowledge which will eventually bring you profit.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFx.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||Xm.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||Hfm.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||Fbs.com|
Nerostrade is a confusing and shady mess of a broker. In an attempt to seem legit, they claim to have a UK address but also US regulation. While nothing about them makes sense, registers of major regulators prove Nerostrade is lying.
How can we trust a site when we don’t know who is behind it? Nerostrade makes a claim about being operated by two different companies. Both seem non-existent. There is no way to make contact except via email.
Transparency is lacking when it comes to trading conditions as well. Maximum leverage, spreads, instruments offered, and all parameters are a mystery.
No trader with any common sense will decide to invest with a broker that doesn’t reveal basic trading circumstances.
FAQs About Nerostrade Broker
Is Nerostrade a Good Broker?
No, Nerostrade is an unregulated, shady entity with false company info. Investing here is not recommended as they are not reliable or trustworthy.
Does Nerostrade Offers a Demo Account?
No, crypto depositing is required in order to trade. Demo accounts are not an option.
How Long Do Nerostrade Withdrawals Take?
The time needed to process the withdrawals is between 1 hour and 72 hours.