Nicholson Financial Service claims to offer advanced technologies and favorable trading conditions, including fast trade execution and access to highly liquid assets with low costs. However, we must caution you against falling for their promises, as their true intention appears to be collecting and misusing clients’ funds. By analyzing the available information and customer reviews, it becomes evident that the broker is involved in scam practices.
- Nicholson Financial Service General Information
- Registration and Client Portal Review
- Nicholson Financial Service Trading Conditions
- Account Types Review
- Trading Platform
- Nicholson Financial Service — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Nicholson Financial Service a Scam?
- Legal Information and License
- Nicholsonfinancialservice.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Nicholson Financial Service General Information
| Website | https://www.nicholsonfinancialservice.com/ |
| Phone Number | +442080971677 |
| support@nicholsonfinancialservice.net | |
| Address | The Centro Buildings, 20-23 Mandela Street, NW1 |
| License | — |
| Minimum Deposit | £100 |
| Assets | CFDs |
| Leverage | — |
| Trading Platform | WebTrader |
Registration and Client Portal Review
The website fails to impress with its unremarkable and generic design, leaving visitors underwhelmed. It is noteworthy that the platform supports both Russian and English languages, which raises some questions about their target audience and intentions.
The lack of essential information about the company’s history is concerning. Despite boasting a significant market presence, specific details about the duration of their operation remain undisclosed. Moreover, the deliberate concealment of the company’s legal info only adds to the growing doubts surrounding the broker’s credibility.
The standard registration process at Nicholson Financial Service appears to be relatively straightforward, but it raises concerns regarding security measures. The initial step requires providing basic personal information, such as name and contact details, in the registration form. Surprisingly, there is no verification process for email addresses or phone numbers, which is a questionable practice considering the importance of account security. After completing the form, users can proceed with their accounts without any further confirmation of their contact information. This lack of verification might lead to potential risks and could be seen as a red flag for potential clients.
The Client Portal at Nicholson Financial Service proves to be disappointingly mundane and lacks innovation. It offers a run-of-the-mill interface that we have encountered countless times before. The functionalities provided are standard and fail to stand out from other brokers’ portals. The user experience on the platform feels unremarkable and lacks any exciting or unique features that could set it apart from its competitors.
Nicholson Financial Service Trading Conditions
As we delved deeper into the trading conditions, we hoped for a more enticing experience. However, it seems that our expectations were not met when exploring the various account types offered by the broker.
Account Types Review
Nicholson Financial Service has an array of alluring additional features, such as PAMM accounts, copy trading, participation in IPOs, investor accreditation, and access to over-the-counter deals, among others. These features undoubtedly piqued our interest. However, to our disappointment, it appears that these perks are only accessible to those who are willing to deposit substantial amounts with the broker.
Curiously, despite the promises of these exciting benefits, we could not find any trace of them within the Personal Cabinet menu. Features like the elusive “accumulative account” remain mere myths, leaving us questioning the broker’s credibility in fulfilling their promises.
Moreover, the minimum deposit requirements for each account type are exorbitantly high, especially considering the offerings provided to clients. Depositing £5,000 for access to questionable analyses and daily news that can be found for free elsewhere does not seem like a wise investment. It raises doubts about the actual value clients would gain from such accounts.
Trading Platform
Unfortunately, Nicholson Financial Service does not provide a demo account option for traders to practice and familiarize themselves with the platform before committing real funds.
Moreover, our evaluation of their trading terminal left much to be desired. The platform seemed to lack essential features and appeared quite outdated. Scammers often favor such terminals as they provide limited functionality and make it difficult for traders to assess the broker’s true performance and capabilities.
Additionally, the lack of advanced trading tools and educational resources further adds to the skepticism surrounding the firm. A robust and user-friendly trading terminal is crucial for traders to execute successful trades, but this broker seems to fall short in delivering such essential features.
Nicholson Financial Service — Deposit and Withdrawal of Funds
Nicholson Financial Service offers several deposit methods for its clients, including Visa and MasterCard, bank wire transfers, and SEPA (Single Euro Payments Area) transfers. However, it is disappointing to note that the broker does not disclose any information regarding deposit fees or withdrawal processing times. This lack of transparency raises concerns about potential hidden costs and delays in accessing one’s funds, leaving clients uncertain about the overall cost and efficiency of the deposit and withdrawal processes.
Verification
The verification process at Nicholson Financial Service is a mandatory step for all clients aiming to use their trading services. To begin the verification, users must provide valid identification documents, such as a government-issued ID or passport, and proof of address, like a utility bill or bank statement. After submitting the required documents through the Personal Cabinet, clients have to wait for the broker’s team to review and approve the provided information. However, the exact duration of the verification process is not explicitly stated on the website, leaving clients uncertain about the waiting period.
Additional Options
During the registration process on this website, users may notice a designated field for entering a promo code, indicating the possibility of the broker having affiliate or partner programs. However, disappointingly, the website lacks any public information about these programs, leaving potential clients in the dark about potential rewards or compensations for referrals.
Is Nicholson Financial Service a Scam?
To put it concisely, any trader would be thoroughly disappointed with the information resources and client workspace provided by the broker. A more in-depth investigation of the company’s details and reviews reveals even more unpleasant surprises.
Legal Information and License
The owners appear to be content with merely disclosing the company’s name and address, withholding any further registration information. However, a simple check in the UK registry shows that Nicholson Financial Service Ltd. was listed as an intermediary in the past. Does that make it a broker? The historical records reveal a different narrative.
Regarding licensing, a thorough examination of brokerage services indicates the necessity of a comprehensive brokerage license from the local UK regulator FCA. Unfortunately, the situation isn’t favorable in this aspect either. While the real registered company did possess an FCA license in the past, it was terminated back in 2003.
Nicholsonfinancialservice.com Domain Info
Meanwhile, 2003 is quite distant from the purported inception of this project. An examination of the domain registration date reveals that it was created on July 11, 2023. Consequently, at the time of writing this review, Nicholson Financial Service has been operational for less than a month.
Contacts Review
The company provides an email address and a phone number for contact purposes. However, it is worth noting that the address provided is most likely fake, considering the broker’s attempt to impersonate another existing firm. This raises concerns about the legitimacy and transparency of Nicholson Financial Service, as they seem to deliberately mislead clients with false information.
Pros and Cons
- None.
- Absence of a demo account.
- No licenses.
- Fake legal info.
- Short lifespan.
- Dubious trading conditions.
Frequently Asked Questions (FAQ)
It claims to provide a range of financial services, including access to various financial markets and a wide selection of trading assets.
According to the broker’s trading conditions, the minimum deposit requirement is £100.
No, it is a fake company that pretends to be a real legal entity.
It’s a bad option
I decided to try Nicholson Financial Service out of curiosity since they claimed to offer unique trading conditions and cutting-edge technologies. However, my experience with them turned out to be a complete disappointment. The lackluster and generic website design was the first red flag for me. As I explored their account types, I found that the promised features like PAMM accounts and copy trading were nowhere to be found in the Personal Cabinet. The minimum deposit requirements for normal accounts were exorbitantly high, making it inaccessible for regular traders like me. Moreover, their customer support was unhelpful and evasive when I inquired about the missing features. I strongly advise against dealing with this broker as their promises seem nothing more than a facade to attract unsuspecting traders.
Scam broker
Nicholson financial services are scammers, still got an account with them, I’ve started 2 months ago and invested £63k in total, it was going great until withdrawal been requested, had £138k on my account and been pushed to withdraw everything and the problems started, bank fees to pay, payed no funds, they come up with income tax fees and it’s got to payed upfront and in 24 hours, 100% scam, avoid at all times, they are not registered with FCA, the email on the website ain’t working, the phone number not working, it’s very well set up scam!!!
Low-rate broker
My experience with Nicholson Financial Service was nothing short of frustrating and disappointing. After creating an account, I was surprised to find out that they didn’t offer a demo account, which is essential for any trader to test their strategies before investing real money. As I started trading with a real account, I realized that their trading platform was extremely basic and lacked essential analytical tools. Additionally, their withdrawal process was slow and cumbersome, with no information provided on withdrawal fees or processing times. I still didn’t get my money back. I don’t understand what’s happening.
Bad experience
I can not contact to the assistant who was working with me, he is not replying to my messages and calls, there is not an option for withdrawal. I left money, I earned money and they all disappeared . I think this company is a fraud otherwise I need an assistant from the company to contact me and I need to see the ways to withdraw the earned money.😡
Beware! Scam!!
My unfortunate encounter with Nicholson Financial Service left me with a bitter taste in my mouth. This entire operation seems to be part of a sophisticated scam network, masquerading as legitimate English firms. The lack of transparency and registration information raised serious doubts about their authenticity. As I delved deeper into their background, it became evident that they use false registration details and even imitate an existing company to deceive unsuspecting traders.
It is crucial for traders to steer clear of such fraudulent schemes like Nicholson Financial Service. Falling prey to their elaborate deception could lead to severe financial losses and potential identity theft. It is evident that this broker cannot be trusted, and I strongly advise against engaging in any business with them.