If you are looking to read NU2UTRADE reviews, you are in the right place. Is the Nu2utrade.com platform a reliable broker? Read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About NU2UTRADE
NU2UTRADE otherwise known as Nu2utrade.com is an offshore brokerage with a lot of promises for forex traders. The forex company comes with two languages Russian and English.
What is more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. It also presents a zero spread difference in Buy/Sell.
NU2UTRADE offers its account packages such as —
Things You Should Know about Nu2utrade.com Regulation
First of, Nu2utrade.com openly presents a certificate of Vanuatu Financial Services Commission. This appears like a genuine start for traders. However, we checked the VFSC online register, and we found that none of these claims are true. There is no broker by this name or license number listed with the authority.
Again, Nu2utrade.com claims that they are one of the largest banks in the US for auto lending by volume. However, in the footer of their website, the broker states that they do not offer services to customers in the US.
More so, NU2UTRADE does not provide proper legal documentation, it is unclear what traps the fraudsters may have set.
The broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
NU2UTRADE Minimum Deposit
The broker NU2UTRADE deposit showcases $150 minimum deposit based on the account type. In comparison, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
According to NU2UTRADE funding methods, it does not provide any specific information about available payment methods and transaction fees, which is also typical for scams and not for legitimate forex brokers.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Withdrawal process:
NU2UTRADE withdrawal says nothing on specific information regarding withdrawal fee and processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
NU2UTRADE Platform:
NU2UTRADE offers a web trading software. The platform comes with some basic tools and custom indicators but nothing more advanced.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
NU2UTRADE Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Final Thoughts:
NU2UTRADE located at Nu2utrade.com appears like a genuine trading broker, however, you should not take the words they say and the luring website layout. From all indications, we would advise traders to steer clear from the unlicensed broker as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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