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About WikiFX

    NYFX

    1-2 years
    |
    Regulated in Cambodia
    |
    Common Financial Service License
    |
    MT4/5 full license

    Rating

    0123456789
    .
    0123456789
    0123456789

     /10

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    License Index

    1.76

    Business Index

    4.59

    Risk Management Index

    0.00

    Software Index

    7.02

    Regulatory Index

    1.73

    Licenses

    Securities and Exchange Commission of Cambodia

    Common Financial Service License

    SECC Exceeded

    Financial Conduct Authority

    Straight Through Processing(STP)

    FCA Suspicious Clone

    Overview

    • Company Name:

      NYFX Financial Services LLC
    • Company Abbreviation:

      NYFX
    • Place of registration:

      NYFXUnited Kingdom
    • Regulatory Status:

      Exceeded
    • Customer Service Email Address:

      support@nyfx.com
    • Customer Service Phone Number:

      +442035142506
    • Company summary

      GeneralInformation&RegulationNYFXglobalisthetradingnameofNYFXFinancialServicesLLClicensedandregulatedbyFinancialServicesAuthoritySt.VincentandtheGrenadines(SVGFSA),providingretail,professional,andinstitutionalclientswithmulti-assettrading.NYFXisinfullcompliancewiththeregulatoryrulesandregulationsapplicabletothefinancialservicesauthorityofSaintVincentandtheGrenadines(SVGFSA).SupervisionNo.:367LLC2020.MarketsInstrumentsNYFXprovidesinvestorswithpopularandmainstreamtradableinstrumentsintheglobalfinancialmarket,includingForex(over40tradablecurrencypairs,major,minor,andexoticcurrencypairs),commodities(metals,energies,andsoftcommodities),indices(spotandfuturesproducts),stocks(USandEUstocks)andbonds.MinimumDepositFouraccountoptionsarelistedonNYFXplatform:Variable,Fix,ECNandVIPaccounts.Theminimuminitialdepositfrorthevariableandfixaccountsisonly$10,whiletheminimumdepositfortheECNandVIPaccountsoarsto$1,000.Leverage&AccountIntermsoftradingleverage,leverageisupto1:1000forForexinstruments,1:200forCommoditiestrading,1:100forIndices,1:50forStocks,and1:10forBonds.Spreads&CommissionsTheminimumspreadforVariableaccountsis1.4pipsforEURUSD,1.5pipsforEURGBP,1.5pipsforGold,and1.5pipsforSilver.Thelowestspreadforfixedspreadaccountsis1.6pipsforEURUSD,2.2pipsforEURGBP,3.7pipsforGold,and1.5pipsforSilver.Thelowestspreadis0.8pips,thelowestspreadforSilveris0.8pips.FortheVariableaccount,thefixedspreadaccount,andtheVIPaccount,commissionsarecalculatedintospreadsforforextrading.TradingPlatformTheMT4isanintuitiveandflexibleuserinterfacethatprovidestraderswithampleroomforfullcustomization.MT5isthemostadvancedonlinetradingplatform,thelatestversionofMT4,withprofessionalchartingtoolsandafullrangeofprofessionalfeaturessuchasorderfollowingandautomatedtrading.Bothtradingplatformsareavailableinweb,desktop,Android,andiOSversions,allowingtraderstheflexibilitytochooseaccordingtotheirneeds.Deposit&WithdrawalTheminimumwithdrawallimitis$50,andforextraderscanonlywithdrawtheavailablebalance.Ifthetraderhasanyopenpositions,heshouldcarefullyconsidertheamounttobewithdrawn.Iftheuser'smarginratioislessthanorequalto100%afterthewithdrawalamountisdeducted,thentheuser'swithdrawalapplicationwillnotbeprocessed. About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    Warning: Low score, please stay away!

    Previous Detection: 2021.09.20 Risk: 3 Item

    • The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    • This broker exceeds the business scope regulated by Cambodia SECC(license number: 032)SECC Common Financial License Non-Forex License, please be aware of the risk!
    • The United KingdomFCA regulatory (license number: 764353) claimed by this broker is a suspicious clone, please be aware of the risk!

    WikiFX Verification

    • Exhibition Area

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score

    WikiResearch

    • Delivery Index

    • Market Analysis

    • Material Delivery

    • Ad Brand

    • Search Source

    • Language

    Last Updated Time 2021-09
    Securities and Exchange Commission of Cambodia

    Securities and Exchange Commission of Cambodia (SECC)

    Securities and Exchange Commission of Cambodia (SECC) is established under the law on The Issuance and Trading of Non-Government Securities (Preah Reach Kram No NS/RKM/ 1007/028). SECC regulates the securities industry in Cambodia to contribute to socio-economic development through capital mobilization from public/ securities investors to meet the demand of financing for investors.

    • Licensed Institution :

      NYFX Co., Ltd.

      Effective Date :

      --
    • Email Address of Licensed Institution :

      nyfxcambodia@gmail.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      #The Fortune Tower, 22nd Floor, Office-G-2201, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh.

      Phone Number of Licensed Institution :

      061 81 81 90
    • Licensed Institution Certified Documents :

      NYFX-SECC牌照 View Certified Documents
    Financial Conduct Authority

    Financial Conduct Authority (FCA)

    The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

    • Licensed Institution :

      Cresco Capital Markets (UK) Ltd

      Effective Date :

      2017-08-01
    • Email Address of Licensed Institution :

      compliance@crescofx.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      21 ArlinGTon STreeT London SW1A 1RN UNITED KINGDOM

      Phone Number of Licensed Institution :

      442079526822
    • Licensed Institution Certified Documents :

      FCA监管2021.03.16 View Certified Documents CRESCOFX FCA牌照.png View Certified Documents

    NYFX · MT4/5

    Identification Result

      NYFX · Website

      Most visited countries/areas

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          NYFX· Genealogy

          NYFX · Clones

          NYFX · Market Analysis

          The data are from WIKI Research    2021.09.21 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          Continue
          NYFX · Survey×

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          NYFX

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          Data Sources WikiResearch 2021.09.21 Update

          NYFX · Chart
          Date

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          Data Sources WikiResearch 2021.09.21 Update

          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          NYFX
          * Contact number
          0086
          *Enter your phone number
          *Reporting Reasons

          *Enter your reason
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          Submit successfully!

          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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          NYFX · Company summary

            General Information & Regulation

            NYFX global is the trading name of NYFX Financial Services LLC licensed and regulated by Financial Services Authority St.Vincent and the Grenadines (SVG FSA), providing retail, professional, and institutional clients with multi-asset trading. NYFX is in full compliance with the regulatory rules and regulations applicable to the financial services authority of Saint Vincent and the Grenadines (SVG FSA). Supervision No.: 367 LLC 2020.

            Markets Instruments

            NYFX provides investors with popular and mainstream tradable instruments in the global financial market, including Forex (over 40 tradable currency pairs, major, minor, and exotic currency pairs), commodities (metals, energies, and soft commodities), indices (spot and futures products), stocks (US and EU stocks) and bonds.

             Minimum Deposit

            Four account options are listed on NYFX platform: Variable, Fix , ECN and VIP accounts. The minimum initial deposit fror the variable and fix accounts is only $10, while the minimum deposit for the ECN and VIP account soars to $1,000.

          image.png

            Leverage & Account

            In terms of trading leverage, leverage is up to 1:1000 for Forex instruments, 1:200 for Commodities trading, 1:100 for Indices, 1:50 for Stocks, and 1:10 for Bonds.

            Spreads & Commissions

            The minimum spread for Variable accounts is 1.4 pips for EURUSD, 1.5 pips for EURGBP, 1.5 pips for Gold, and 1.5 pips for Silver. The lowest spread for fixed spread accounts is 1.6 pips for EURUSD, 2.2 pips for EURGBP, 3.7 pips for Gold, and 1.5 pips for Silver. The lowest spread is 0.8 pips, the lowest spread for Silver is 0.8 pips. For the Variable account, the fixed spread account, and the VIP account, commissions are calculated into spreads for forex trading.

            Trading Platform

            The MT4 is an intuitive and flexible user interface that provides traders with ample room for full customization. MT5 is the most advanced online trading platform, the latest version of MT4, with professional charting tools and a full range of professional features such as order following and automated trading. Both trading platforms are available in web, desktop, Android, and iOS versions, allowing traders the flexibility to choose according to their needs.

            Deposit & Withdrawal

            The minimum withdrawal limit is $50, and forex traders can only withdraw the available balance. If the trader has any open positions, he should carefully consider the amount to be withdrawn. If the user's margin ratio is less than or equal to 100% after the withdrawal amount is deducted, then the user's withdrawal application will not be processed.

          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

          Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.