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NBH Markets Review
NBH Markets is an offshore broker located in St Vincent and the Grenadines. They are proud to be based here and even feature an office address. This is a notorious area that is ideal for scammers in the industry.
NBH Markets claims it won an award for being the best forex broker in 2020. The entity is allegedly trading CFDs and Forex assets. However, the public and its clients mark this venture as a scam. The entity has numerous negative reviews, which makes us not recommend them to investors.
The entity has three investment accounts, but you should not take their offer. The venture does not have what it takes to make traders successful. Let their time in the industry deceive you into giving them access to your funds.
NBHM.com allegedly utilizes its group of experts to get the best results. They research and analyze the market then make the best decision. The entity also has a learning center. Investors can access educational materials like videos and articles that will help them trade successfully.
Unfortunately, this scheme is shady, and they are fabricating information about a genuine venture. The company will only steal from traders. Invest with regulated forex trading ventures that have trading results and top-notch trading tools.
Withdrawal and Deposit
The investors claim that the withdrawal process, if you are lucky to get back your money takes 2 weeks. Legit companies don’t take this long. The spread and commission are also high. The venture also applies margin stop loss when they see your order is successful.
The entity does not want traders to be successful. They are nasty con artists. The available deposit methods are Skrill, FasaPay, Neteller, Bank Transfers, AdvCash, GoldenPay, Visa, and MasterCard.
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If you still want to test, the waters cash in via MasterCard or Visa. You can issue a chargeback for up to 540 days. The claim of NBH Markets to process a withdrawal within 2 days is fake. The broker state that those that issue a chargeback will be charged.
This is enough to prove that NBHM is a fraudulent broker. They also assure clients there are no fees, but you cannot be sure with a Ponzi scheme. They will say one thing only to disappoint investors. Stay away from this company.
NBH Markets Clients Feedback
Forex Peace Army is one of the reputable third-party websites that you can get users’ experience. The monitor is strict and only allows those with an account to leave feedback. NBH Markets is being flagged as spam. The support is pathetic and never responds to traders.
The MT5 that the entity advertises is also not working. Customers keep experiencing various errors. Attempts to withdrawal funds hit a hard rock. The entity is a Ponzi scheme that does not care about the quality of services traders get.
Opening an account, NBH Markets is a walk in the park. Their trading conditions are also ideal. One customer claim he made a deposit of $750 everything was alright, and the slippage was also lucrative. However, the company ended up blocking the account without explaining.
The support does not answer the calls, and the emails go unanswered. The system of this broker is awful. They are stealing from innocent investors, and traders should stay away from the scheme. The entity does not care to respond to the negative feedback of traders.
Ensure that you always research on a platform before completing the registration. You will learn how a company treats its customers. However, be mindful of false reviews as some broker pays people to endorse them.
Contact Details and Customer Support
NBH Markets is an offshore broker located in St Vincent and the Grenadines. They are proud to be based here and even feature an office address. This is a notorious area that is ideal for scammers in the industry. The venture has a phone number and an email address that customers can use to reach them.
You can expect unethical services from the entity. NBHM is not responding to customers. Once they get access to your money, that is it. They refuse to pick calls carrying on with their business. A characteristic that is common with the Ponzi scheme.
Some will even blacklist you. Investors cannot go after this venture because they are discreet. If you care about your safety, we suggest you look for a more convenient platform. There are multiple genuine brokers in the market.
Regulation Status of NBH Markets
NHBM is a platform that brags it is registered in SVG. First, a registration form is useless when it comes to determining the legitimacy of an investment venture. The form is cheap and easily accessible. A legit venture has a license from a reputable financial watchdog.
There is no regulatory body in Saint Vincent and the Grenadines. This is a paradise to fraudulent companies. Therefore, NBH Markets is an illegal investment scheme. Moreover, the venture also claims it has a license from one of the stringent bodies in the industry CySEC.
The company is a clone venture of NHBM.eu, a broker that is licensed to offer financial services. NHBM.com is using its data to deceive investors it is genuine. The entity is unlicensed, and this should be the main reason you don’t trade with them.
Your money is not safe as well as your data. There are multiple regulated brokers that have licenses from FCA, CySEC, ASIC, and NFA. Their trading conditions are the best, and they follow their terms and conditions.
Moreover, regulated entities report their daily trading activities to the authority. The account managers and the financial analysts are qualified to offer the best services. You need to trade wisely and avoid con artists.
NBHM.com Trading Conditions and Available Platform
The entity is ridiculous and does not have a trading platform. The venture is using false trading conditions that are not theirs. They claim to have currency pairs, shares, indices, precious metals, and commodities.
NBH Markets advertises a spread of 0 pips. It is too good to be true. The venture has commissions that they will not disclose to clients until they attempt to withdraw. The leverage is set at 1:500, which is risky to investors.
This is no surprise considering the entity is an offshore firm. They are pushing investors to hazardous limits so that they can benefit. The website is accessible via English, Russian, Malaysian, and Indonesian.
NBH Markets Domain Insight
NBHM.com is a platform that has been in the market since June 2014. Their domain should be expiring in 2022, the same month. However, after being exposed as a scam, they make leave the industry earlier than planned. Nonetheless, this is not a guarantee that they will not come back.
Con artists never give up, and they appear again using a different name. The people that are managing NBH Markets are unknown. They are getting huge traffic of 340,856. Many traders will be counting losses by the time the entity collapse.
NBH Markets is a clone fraud that does not have a license. This is an offshore broker who fails to understand how they have survived this long stealing from innocent traders. The negative client feedback should be the reason you avoid the platform.
The trading conditions of NBHM.com are also not desirable. The venture is no trading, as we did not see a trading platform. Stay away from this offshore investment scheme. There are better ways of generating income.
Invest with transparent forex trading brokers that are licensed. These companies will not defraud you. Instead, they are going to help you improve your trading activities. You will get the value of your money.