NBH Markets is a clone of nbhm.eu, which CySEC officially licenses. However, if you are not careful, you might fail to spot the difference. And this is why we must expose the red flags found on the cloned platform. One of the alarming features is that the platform fails to process withdrawals on time. As a result, you will find it extremely difficult trying to withdraw funds from NBHMarkets. Here’s our complete NBH MARKETS REVIEW.
What makes NBH Markets a clone is a fact that they use the same company logo. Not many people will spot that. We have attention to detail, and that’s why we ensure everything checks out on a platform.
NBHMarkets is trying to emulate the successful Cypriot regulated nbhmu.eu. The platform is known all over Europe for offering exemplary forex trading services. By taking advantage of the name, the platform wants to get as many investors to sign up.
Those who deposit funds with the cloned platform are now ruing the decision. With delays in withdrawing, most of them have lost hope. Our expose will open your eyes as to why you should be on the lookout for cloned platforms.
The best way to invest is by joining reputable and transparent investment platforms. These platforms are tested by experts and enjoy the backing of the trading community. So it’s time to choose wisely and start enjoying the benefits of having a proven platform.
Even the website’s theme is similar to the officially registered platform. The only difference is the domain address. With investors having a hard time spotting these differences, you shouldn’t fall for them.
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NBH Markets offers three account types. The three include Standard, Pro, and Elite. Each of the accounts comes with different features. We have to point out that the leverage is way above the industry recommended 1:100.
Here’s a closer look at the three accounts;
It’s the most basic account and comes with a minimum acceptable deposit of $100. The leverage set for all accounts is 1:500. With such high leverage, any losing trade means you lose a large amount of investment.
There’s a minimum allowed deposit of $500 with the platform. Minimum trade volume is set at 0.01, with the maximum trade volume set at 100 on all accounts. The account comes with commissions of $2.5 per 1 side per 100,000 volume traded.
For the Elite account holder, they must deposit $25,000 to start trading. The account is the most exclusive and comes with hedging and scalping. Other features include an Islamic account which is optional and spreads from 0.0 pips.
There’s an Introducing Broker partnership available on the platform. Although it’s ideal for earning passive income, you need to understand the consequences. For an affiliate partnership with NBHMarkets, odds are you will be held liable for losses.
The members you direct to the platform will blame you for losing funds with the platform. You might end up losing close relationships with those who you love most. There’s no need for it, as they are using affiliate partners to sign up more victims.
You get four main trading assets on the platform. These include cash indices, forex, precious metals, and shares. In addition, there are six popular indices available on the platform. The standard lot size for all indices is 10 per contract.
There are 44 popular currency pairs for trading on the platform. Sadly, you don’t get to trade with exotic or minor currency pairs. For example, gold and silver are precious metals with available stocks from leading international companies.
For once, the platform does a decent job by offering a world-class trading platform. You get to use the MT4 trading platform on both demos and live accounts. Thanks to the MT4 trading terminal, you get hundreds of reliable tools.
You can also choose to upgrade to MT5, which is readily available. These platforms are compatible with all devices. Moreover, you get a customized interface with ready expert advisors onboard and access to the MQL4 community.
NBH Markets LLC is the entity we are told owns and runs this platform. The company is registered in St. Vincent and the Grenadines. We know the reason registration is offshore. The owners want to avoid strict regulatory guidelines.
You will also notice there are no names mentioned of the CEO or CFO of the platform. It means we are dealing with an anonymous investment platform. The issue with anonymity is that there’s no way of knowing who is held responsible for fund safety.
The platform lacks live chat support despite claiming to offer superior technology. With live support, you get to solve issues with an agent. The platform only offers users a message dashboard.
Despite posting a phone number, we tried it and went to voicemail. The platform is trying its best to limit communication to emails. And this means you won’t get the much-needed support or quick response.
Lucky for investors, the platform offers a demo account. The demo account comes fully equipped with MT4 and MT5 trading terminals. With a demo account, you get to test how best a platform works.
Demo accounts allow users to see how the platform behaves. And this is another reason why investors signed up with the platform. The demo account gives them access to world-class trading terminals.
You can only fund your account using bank and wire transfers. For those with crypto, the platform does not accept crypto. Once you deposit funds, the balance will reflect in your account within 24 hours.
Members can now start trading and seeing their results. The account balance will increase with each successful trade. When the time comes to withdraw, that’s when all hell breaks loose. No one gets to withdraw funds on time.
NBH Markets is not a licensed or registered entity. The platform does not offer any license records to members. You would expect them to post copies of their license certificates to investors.
It’s not the case, as the platform does its best to hide this vital information. Without any regulatory framework, the platform is free to operate as they please. You won’t enjoy the much-needed protection that comes with licensed entities.
Fund safety is out of the question with NBH Markets. The platform does not insure deposits made by members. There’s no minimum deposit made to regulators to act as insurance cover for members.
Here are the main reasons why we won’t recommend using NBH Markets
These are the main reasons why you should stay away from the platform.
To get a head start in investing, you need to take advantage of groundbreaking investment platforms. These include Coin staking, DeFi, and Masternoding.
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