Nexon Groups Review: Is it a SCAM?

Nexon Groups - logo

Nexon Groups claims that cryptocurrency is money. That’s why we have to use it. By usage here is meant trading. Unfortunately, 90% of crypto brokers are scams. Therefore, such companies should be checked with special care. Which is what we’re going to do. At the same time, let’s see what traders write about the project in the reviews.

Nexon Groups General Information

Phone Number +442081575967
Address 10-16, Elm St, London WC1X 0BJ
Minimum Deposit $2,500
Assets CFDs
Trading Platform MetaTrader5

Registration and Client Portal Review

The official Nexon Groups website is not too similar to the platform of a reputable broker. Rather, it seems that this is some kind of HYIP. There are a lot of bright colors, painted pictures, and meaningless inserts in the design. Of course, the broker does not forget to praise itself. On the main page, you will find nothing but a list of its advantages. However, there is some legal information in the footer.

Nexon Groups - website

Registration on this platform is simplified. To get access to the client portal, you will need to fill out just one small form. Enter your first and last name, phone number, and email, and come up with a password.


However, no matter what we did, we failed to register. It seems that Nexon Groups has some problems with the registration form. We have checked our data countless times. Meanwhile, the form still stubbornly informed us that an error had occurred. We hope this problem will be fixed in the future. In the meantime, the broker has disappointed us very much because of such an annoying trifle.

Nexon Groups Trading Conditions

As you have already understood, Nexon Groups focuses on cryptocurrency. However, it would be a mistake to consider it only a crypto broker. It turns out that the company gives access to trade in different CFDs. These include currencies, indices, stocks, and other instruments. So we would rather call Nexon Groups a CFD broker. And now let’s look at its proposals in more detail.

Account Types Review

In total, Nexon Groups offers customers 6 types of accounts. After reading their description, we were left perplexed. Practically anything that is really important, the broker did not specify. As all scammers love, it came up with a bunch of near-market services. At the same time, its minimum deposit is huge. In the Starting account, it is installed on a note of $2,500. Of the additional services, a beginner is owed only a support service and an account supervisor. What is included in the duties of the latter is also not described.

The next account needs to be deposited 10 thousand dollars. It is called Basic here. Customers will not receive any special services either, only a 15% bonus to the account. As you guessed, Nexon Groups will provide all types of services to customers with premium accounts only. For example, if you transfer $1 million to a broker, it will provide you with:

  • 25 risk-free trades
  • Access to seminars
  • Daily trading signals
  • Ready-made trading strategies
  • Analytical consulting
  • Full market analysis
  • Deposit bonus of 35%
  • Trading support
  • Professional scalping
  • Guaranteed for all taxes done from Nexon Groups side.

What does the last point mean? We did not understand. The broker is not a tax agent in most countries. What is a tax guarantee? Is this a new term? In general, the trading accounts of Nexon Groups are rather left in confusion. What is the leverage of this broker? What are the spreads and swaps? What about commissions? It brings up more questions than answers.

Account types

Trading Platform

Nexon Groups claims to provide MetaTrader 5. And this is not official software. We don’t know what happened. Perhaps the broker is very greedy, so it decided not to pay for licensed programs and just stole them. And perhaps in the original MetaTrader 5, Nexon Groups built backups that allowed it to manipulate quotes, for example.

In any case, unlicensed software is very, very bad. Even on a smartphone, you can only download a file in apk format. By the way, MetaQuotes, the developer of MT5, places all its apps, including MT4/5, in the official PlayMarket and App Store. Trading on unlicensed terminals puts your money at great risk. Honest brokers never have to invent something. They go to the developer and buy software from it. Unlicensed platforms are a major red flag.

Nexon Groups — Deposit and Withdrawal of Funds

Nexon Group does not say anything about depositing methods. In the client agreement, there is only mention of credit cards, bank transfers, and SWIFT. As for the withdrawal methods, the available ones are listed in the Client Portal. One more point. Nexon Groups can set a limit on the number of withdrawal requests.


The Company reserves the right to ask the client to pass verification. The list of actions is standard. Traders have to upload documents to their personal accounts. Nexon Groups asks them to confirm their identity, address and, in some cases, take photos of credit cards. Unfortunately, the broker did not mention how long it will take to check these documents.

Additional Options

During the description of the accounts, we mentioned the deposit bonus. And it is not the only illegal service that Nexon Groups offers additionally. The company has a very interesting offer. It will accrue Investment Increase Returns on the balance of your deposit. Depending on the type of account, the yield varies from 2.5 to 33%. Of course, brokers have no right to offer guaranteed income on deposits. Also, there is not a single mention of where Nexon Groups takes money for payments to traders.

Everything else in this company does not deserve special attention. The analytics are untested. The signal generators are questionable. There is not a hint of a trading statement. Nexon Groups cannot confirm that its forecasts are worthwhile at all.

Is Nexon Groups a Scam?

Considering only the conditions of cooperation described above, we think Nexon Groups to be a fraudster. It is quite easy to prove this.

Nexon Groups claims to be registered in the UK. In the footer, investors can see the legal address and registration number. The management company Nexon Groups Limited is in the registry. However, the type of its activity is not brokerage services but fund management activities.

Nexon Groups - liegal entity check

That’s not all the issue. To provide services legally, the broker must be authorized by the FCA. However, in the register of this regulator, there is no data on Nexon Groups. So, the company is unregulated and provides services without a license.

Regulator Domain Info

Nexon Groups was added to the register of England on November 21, 2022. Around the same time, the official website appeared. Checking the domain showed that it was rented on October 20th. However, they rented it out for only a year. That is not surprising. It is unlikely that this broker will last longer. It is already showing all the signs of a scam with its dubious software and lack of a license.

Domain info

Warning! The article has been updated. For some reason, the scammers moved to the domain. According to, it was registered only on May 15, 2023. We keep following.

Contacts Review

There are no special problems with contacts. Nexon Groups specifies a phone number, an email, and even an address. Except traders sometimes complain that it is very difficult to get through to support.

More Details

We were very interested in the «Extension» section in the main menu. When we opened it, we were speechless. Here is literally everything that scammers love so much! If you want, download AnyDesk to your PC or a TeamViewer, whatever. However, after that, don’t forget to say goodbye to your money!

Speaking seriously, please never install such programs on your computer or smartphone. Fraudsters need them to gain access to your desktop and important data. Careless customers lose thousands of dollars around the world by installing these programs. Scammers simply rob their accounts, take loans on them, etc.

Pros and Cons

  • None.
  • Short working time.
  • The deposit is too high.
  • Trading conditions are not described in detail.
  • Ridiculous additional services.
  • No license.
  • Unlicensed trading software.



Nexon Groups Summary

Nexon Groups - favi

Nexon Groups is an ordinary unregulated broker. It definitely does not deserve the good words that it says about itself. Be careful with this scam. It will be very difficult to get the money back from here.

Website information content 4
Client Portal 3
Trading conditions 3
Trading platform 3
Deposit and withdrawal 3
Verification 4
Extra options 3
Licenses and guarantees 3
Work duration 1
Feedback 5

Frequently Asked Questions (FAQ)

What Does Nexon Groups Offer?

Nexor Groups offers to trade CFDs on different assets. These are mainly cryptocurrencies, but there are other tools, for example, currencies and stocks.

How Much Money Should I Invest With Nexon Groups?

To trade with this broker, you will have to fork out. The minimum deposit on this site is $2,500.

Is Nexon Groups Safe?

No, this broker has not received a license and is not regulated. Also, it uses fraudulent and unlicensed software. Nexon Groups is a scam. So stay away from it.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Financial Companies Reviews and Ratings
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Client Reviews

  1. Ollie


    They lured me out of 12 thousand dollars.

  2. Louise

    I was deceived!

    Never trust Nexon Groups! They persuaded me to fund my account with 6 thousand dollars, promising that we would earn a large amount. Don’t believe these scammers. I beg you! I lost sleep and all hope. Of course, I didn’t earn anything. There are three thousand dollars left from my deposit. But I can’t take them either. My withdrawal requests are not being processed.

  3. Nina

    This company does not withdraw funds

    This broker does not have a license. Check the FCA website or write a request. Two weeks after making the deposit, they tried to demand more money from me. I refused and they were clearly unhappy. They do not have risk-free transactions. They supply them under the guise of insurance. But you will need to pay extra for it. As soon as these scammers realized that I would not deposit anything more, they immediately lost interest in me. Then they rejected the first withdrawal request. I made it up again. And now I’ve been waiting for three weeks.

  4. Bryn Ochoa

    Great Platform

    Warning! Cheating review!

    Comprehensive platform which works on all technology. Can’t rate them highly enough and I received a goodie bag out of the blue for becoming a new customer! “A” star Company.

  5. Chad Pittman

    Merits 9.5 out of 10

    Warning! Cheating review!

    Nexon Groups in my opinion merits 9.5 out of 10 .From very competitive margins , to low fractions of contracts, to fast card deposits and withdrawals, to up to date news and analysis and very easy account navigation. Best of the 6 platforms that i use.

  6. Mr Lot


    This Company is a scam and needs to be check into they cannot be allowed to continue to operate

  7. Andy Agbor


    Nexon group is a super scam. Today 24th April 2023, they locked me out of my account after 3 months on their platform, losing my actual hard-earned investment of $3,576 USD and profit investment of over $13,670USD. They kept changing advisors from Marcus, Olivia, Angelina, Michaël Freeman, David, Jonathan, Michael freeman again, back to angelina ,then to sandra, and finally refused picking my calls. I requested for withdrawal twice to pay my daughter’s school fees which was never processed. I pleaded but never honored. Because of nexon, TD bank blocked my account twice which i considered now as warning signs.
    How come Canada with all her financial laws and restrictions allow her citizens to be scammed so easily. Please how can i recover my money back.? There shall be no loss

  8. Jay


    I inadvertently responded to a web site requesting crypto trading information, well then the nightmare started. I told first caller (Nexon Jake) I wasn’t interested, then he reduced the minimum account from $2,500 to $250. Nexon Jake was doing me a “favor”. I didn’t bite and told him to get lost. He called back a number of time, basically harassment, I lost it. Couple of days later Nexon Kyle called. Same BS, I got rid of him, then a whole gaggle of Nexon folks, David, Jonathan, (thank goodness my information was held confidentially). Then by some mysterious force in the universe, a sister company started calling me, same B.S. @$250 account minimum (coincidence?) . First was Reformatix Simon, then Emily and today Adam. Is there a pattern here?
    Stay away, far, far, away!!

  9. Peter Farmer

    Evil scammers

    Please don’t let them ruin your life as they destroyed mine. They have no conscience or soul.
    Beware, this is a massive, well organised scam.
    They are very helpful at first as they drain your bank account, calling it an investment.
    If you are a little unsure, they all have the same line – “Don’t worry about it,” and “Trust me.” Unfortunately suckers like me sometimes do.
    You appear to make a lot of money at first, but it is just numbers on a screen.
    When you try to take the money out, you get a variety of reasons why more money has to be put in first to allow this.
    One person will be made your personal helper who promises to fix everything. So they poke around in your account, see how much you have, and take it all.
    Then they change the rules!!! So another person (apparently higher up) is chosen as your saviour – rinse and repeat.
    Finally, when you have given all you have (including an $8.000 loan from a close friend and even suggestions you sell your car) they go silent. No-one will answer the phone and your Emails are ignored.
    Please don’t let them ruin your life as they have ruined mine – stay away from these evil lowlives!!!!

  10. Matthew Pittard

    Rude, harassing & desperate to get REMOTE ACCESS to all your devices???

    I just got a call from 1 of your employees asking me if i still want to trade with you, I said YES im happy to start trading with you guys!
    He then started that he wanted to ANY DESK into my phone, when I refused to allow ANYONE to ANYDESK into my phone; he said “FUCK YOU” & hung up on me!

    I’ve agreed to start trading with you, i just refuse to let ANYONE get remote access into my devices & that’s my legal right!
    Should you have a respectable person contact me, I’m sure we can get things moving forward!

    In no business is it acceptable to tell your clients “FUCK YOU” & unless I get someone else contact me in a respectable manner!
    They haven’t replied

  11. Matthew Pittard

    Copying & pasting from a University legal section- obviously a legitimate company


    Requires approval from the Chancellor, Dean or equivalent administrative officer, the “UNIVERSITY” CFO/Treasurer, and the CIO


    If your going to copy & paste clauses from 1 of The University Of Minnesota’s legal documents & try your bullshit to get people to believe you,