NuxTrade Review (nuxtrade.com) – Is Nux Trade Scam or a Proper Broker?

NuxTrade Review

There are many qualities and characteristics that you want to check before you finalize a platform for your trades. With so much choice available today, it could take you months before you finally find a platform that you think meets all your needs.

I have been through this process and I can tell you that being indecisive is pretty common for most trades. If you want to avoid that situation, I recommend you read my NuxTrade review.

In this Nux Trade review, I will tell you all about this platform and hopefully leave nothing unanswered for you. My main focus in this review will be how transparent this platform is and how you are never surprised with anything you wouldn’t like. So, let’s go ahead.

The KYC and AML Adherence

First of all, I recommend that you never sign up with a platform that lets you sign up with it without providing any information. They are not doing proper business and might as well never let you use the funds you deposit in your account.

On the other hand, you have NuxTrade broker that adheres to the industry’s most important policies. I’m glad to tell you that these policies are more for traders than they are for brokers. At the end of the day, you will benefit from KYC and AML at the end.

So, while adhering to these policies, Nux Trade broker makes sure that its platform is not used by identity thieves or for the purpose of money laundering. The fact that it adheres to the aforementioned policies is clear proof of its transparency.

Segregated Accounts for Traders

Whether you want to use this platform for cryptocurrency trading or forex trading, you will have to open a trading account and then make a deposit in it. The deposit you make will be governed by the type of account you pick with basic accounts requiring small deposits and advanced accounts requiring bigger deposits.

The thing that I have to admire about nuxtrade.com broker is that it lets you deposit funds in an account that is maintained at a reliable bank. This account is separate for all the trader funds.

What it means is that if any unlikely situation occurs in the future that affects the accounts of the broker, your accounts and the funds within them will not be affected. You can see how the company has done everything to make trading safe for you.

Minimum Fees and Commissions

The fees and commissions on this platform are quite small. In other words, you will not be annoyed by these fees that bother you at every step of the way. I have been a trader for many years and I can tell you that some online brokers have a fee on just about any action you take as a trader.

The first example of small fees from NuxTrade trading platform is the spreads you pay on your trades. You have to cover a spread on each trade but this broker offers you the tightest spreads that only get better with each advanced account on the list.

You can deposit funds in your account and withdraw them without ever worrying that Nux Trade trading platform will charge you a commission for that. In most cases, there are no unnecessary fees for traders to pay.

Clear Terms of Service and Policies

There is nothing hidden on this platform. When you sign up with nuxtrade.com trading platform, you will know what you are signing up with. When you fill out the signup form, you will be required to sign the terms of service and privacy policy.

The company has made sure that you clearly know about all the policies that govern its operations. It tells you on the website how it will collect your data and share with others.

I’m glad that the broker has put out everything in your reach. If you still have any questions, you can always contact the customer support of this platform, which is available to help you 24/5.

Is NuxTrade Scam or Legit?

I consider this platform fit for all types of traders. It’s a place where many are already engaged in crypto trading on a daily basis. In a similar fashion, it is a place for forex traders, indices traders, stocks traders, and commodities traders to fulfill their trading needs. With hundreds of traders trusting it every day, I don’t think there is a reason to not trust it.

Final Thoughts

One of the worst revelations in your life as a trader can be the broker shocking you with various terms, conditions, fees, and commissions at the eleventh hour. My point that I have tried to prove through this Nux Trade review is that this platform is transparent, keeps nothing hidden, and thus makes it easy for traders to trust it before they agree to sign up with it.