Nash Markets guarantees that it is worth cooperating only with it. The broker provides 138 assets, currencies, crypto, and other tools for trading. However, we are not sure that this is not a scam, but a reliable company. Let’s check it out and see what this project is and what traders write about it in the reviews.
- Nash Markets General Information
- Registration and Client Portal Review
- Nash Markets Trading Conditions
- Account Types Review
- Trading Platform
- Nash Markets — Deposit and Withdrawal of Funds
- Additional Options
- Is Nash Markets a Scam?
- Legal Information and License
- Nashmarkets.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Nash Markets General Information
|Address||St Vincent and the Grenadines|
|Trading Platform||MT4, MT5|
Registration and Client Portal Review
Nash Markets actually has a very strange website. We had a feeling that it was not finished. There are only a few sections in the menu. Some important information is missing here. Otherwise, it is very similar to the site of its competitors. The design does not stand out in any way. There is quite a lot of self-promotion. And the site supports only English. This suggests that the broker is not so popular in the international area.
You can open an account directly on the main page. Here is a simplified registration form. Or you can go to the appropriate section and fill out a small form. You will also need to verify the email and specify additional details.
In your Client Area, you can carry out financial transactions. There is also an opportunity to immediately download trading software to your device. You can also go through verification right away. If necessary, you have the opportunity to change your password and other settings in your profile.
Nash Markets Trading Conditions
Nash Markets, like most brokers, supports the separation of trading accounts. Therefore, the conditions for them are somewhat different.
Account Types Review
So, the broker has five types of accounts.
- Standard. The broker recommends funding it up by $200. The commission for each lot is $5. Spreads start at 0.5 pips.
- Pro. It differs from the previous one by the commission for the lot. It’s already $10 per lot here. However, the spread is about 0 points.
- Var. This type of account is suitable for fans of spreads. Here they start from 1 point. At the same time, there are no commissions.
- Mini. Spreads are even higher than in the previous account, from 1.2 points. At the same time, there is also a commission. It is one dollar per lot. Apparently, Nash Markets does not like traders with a small deposit.
- Cryptos. We laughed at the description of this account. The recommended deposit here is $10. And the commission for the lot is also $10. What then to trade for? Spreads are variable here. There are 17 pairs available for trading.
We should note that these are all CFDs, not real assets. Additionally, the broker has too high leverage. It offers 1:500, which can result in a loss of deposit for both beginners and pro investors.
The variety of trading software is an advantage of Nash Markets. You can download MT4 or MT5 to any device, or trade in the web version. All platforms have proven themselves well. Even a beginner can deal with them.
Nash Markets — Deposit and Withdrawal of Funds
Meanwhile, with the ways to fund the account on the site, we found serious problems. You can transfer only cryptocurrencies to the platform. Such anonymity immediately alerted us. It’s not good for an outstanding broker to hide its banking details. Moreover, not everyone prefers to keep their savings in crypto.
Nash Markets insists on passing verification. The procedure is standard. You will need to provide the broker with proof of residence and identity. To do this, you can upload photos of documents in your Client Area. Users are not informed how long it will take to check these photos.
Nash Markets offers to participate in an affiliate program. There are two levels in it. If you invite referrals, you will receive a reward for their traders:
- $2.50 for each lot of a first-level referral
- One dollar for a lot of a second-level referral.
Nash Markets also offers to use its technical analysis. Here they allegedly provide customers with high-quality reviews, and market forecasts, as well as help in trading. However, we did not find any mention of what kind of analysts make these forecasts. The whole team is completely anonymous. Therefore, we cannot blindly trust forecasts from people whose qualifications are not confirmed.
Is Nash Markets a Scam?
The trading conditions of Nash Markets are contradictory. This is not too similar to what reliable and licensed brokers give us. Let’s check in more detail if you can transfer your money here without fear or not.
Legal Information and License
Yes, such a legal entity is on the FSA register. Unless that’s just not a confirmation of reliability. The FSA itself states that it does not license online brokers. Such companies can only count on the issuance of a certificate of incorporation. That’s why Nash Markets has such high leverage and other strange conditions. It simply does not obey any supervisory authority. And that’s why it can do anything with your deposit.
Nashmarkets.com Domain Info
As you saw in the registry, the company appeared only in 2019. The broker’s domain was also registered at the same time. So, Nash Markets works for not too short a period, but also not too long to be called super reliable. Experts usually recommend cooperating with brokers that exist for about five years.
Only email is provided for communication with managers. Nash Markets does not provide either the phone number or the office address. Besides, traders complain that they have been waiting for an answer to their appeals for eternity. It looks like the broker should think about additional ways of communication.
Probably you have already noticed the high leverage. At the same time, Nash Markets declares that it processes your orders using NDD technology. However, one fact contradicts another. With such high leverage, trades are not transmitted to the interbank market. That means that there is a conflict of interest here. So be careful. Moreover, this company does not have a regulator. And it is completely unknown where it gets the quotes from.
Pros and Cons
- There is an official registration.
- Several types of accounts.
- The broker is registered offshore.
- Not a very long-term period of work.
- Negative reviews.
- No license.
- The leverage is too high.
Frequently Asked Questions (FAQ)
It is an offshore CFD broker offering trading and some other services.
Nash Markets is located in Saint Vincent and the Grenadines.
No, Nash Markets is an offshore broker. It did not get a license for its services. Therefore, your deposit may be in danger.