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WikiFX Review: Something you need to know about NLVX
Abstract：Registered in Saint Vincent and the Grenadines, NLVX is an online forex broker offering various financial products. According to NLVX, it is willing to guide learners through all the processes and train them to become successful traders. Therefore, WikiFX intends to conduct a thorough review of this broker to figure out if the truth matches what it claims.
About NLVX
NLVX is an offshore forex broker registered in Saint Vincent and the Grenadines, offering a series of forex and CFD trading services. However, the self-introduction of this broker on its website focuses on how it helps clients enhance their trading results. It did not mention the fundamental information, including the owner of the company, time of establishment, experience, etc.
Account Types & Minimum Deposit
A total of five trading accounts are available on the NLVX platform, which is categorized by the minimum initial deposit requirement.
The minimum deposit for the Key ECN account is $100. Prime ECN, Exclusive ECN, Master ECN, and Dignitary ECN, require a minimum initial deposit of $1,000, $5,000, $10,000, and $25,000, respectively.
Spreads & Commissions
Spreads and commissions are determined by trading accounts. Four trading accounts charge a commission except for the Dignitary ECN account. The Key ECN account charges a commission of $6, spreads from 0.0 pips. Compared with the Key ECN account, the Prime ECN and Exclusive accounts charge a lower commission of $5 per trade and $4 per trade, respectively. The Master ECN account charges a commission of $3 per trade, with a spread from 0 pips.
Trading Platform
This broker offers MT5 as its main trading platform.
Deposit & Withdrawal
You can deposit and withdraw money through credit cards, Neteller, Skrill, Bank Transfer, Bitcoin, and Wire Transfer. You need to wait up to 10 business days if you submit the withdrawal request.
Regulation: Is NLVX legit？
NLVX claimed itself to be a legitimate broker, but according to WikiFX, this broker is not regulated by any legitimate authority. In addition, WikiFX has given this broker a fairly low rating of 1.16/10. Traders should take extra vigilance and be aware of the risk involved.
NLVX on Twitter and Facebook
NLVX has official accounts on both Facebook and Twitter. NLVX has less than 400 followers on Twitter, and it has about 11K followers on Facebook.
Conclusion
Although we did not receive complaints against this broker recently, it does not mean NLVX is absolutely reliable. NLVX is an unlicensed broker with a low WikiFX score which is likely to defraud your money. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.
Click on NLVX' WikiFX page for details
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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