NbnBroker review – 5 things you should know about bnbnbroker.com

NbnBroker review – 5 things you should know about bnbnbroker.com

Rating: 1

Beware! NbnBroker is an offshore broker! Your investment may be at risk.

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NbnBroker looks and feels like a common scam. We won’t save our bullets for later; the shooting starts now. There is nothing new or original her, and what this so-called broker tries to sell you is typical scammer stuff layered with fat doses of lies and deceits.

Another sign that we were about to be taken on a scammer ride was the broken registration page. There was no way to opne an account, at least from our standpoint. So we had to rely on the site for all the trading details. Please note that what we are about to reveal may not be the full or the true story.

The leverage cap was of 1:500, and paradoxically, the higher the account the lower the leverage goes, which is not how legit brokers do it; usually the highest paying user get the most benefits. Speaking of those, we get absolutely no hints of tradeable assets or any spreads to go!

NBNBROKER REGULATION AND SAFETY OF FUNDS

We learn of a Saint Vincent and the Grenadines (SVG) incorporation, meaning that the company must be regulated there as well. That would be convenient, were it not for the simple fact that Saint Vincent and the Grenadines does not have an FX regulatro in place. Add to that a very loose law system, and what you have is a scammer paradise. No wonder SVG is home to thousands of scammer brokerages and counting.

However, with that said, NbnBroker insists that its contact address is in the Marshall Islands. From one scammer destination to the next. The Marshall Islands do not have an FX regulator, and just like Saint Vincent, they also have transparent laws. Unlike the other nation however, the islands allow for anyone to incorporate a firm without stepping foot in the nation, making it even easier to register there.

With two of the most shady offshore locations as registration addresses, NbnBroker sure has a whole lot of courage to come forth. Usually, brokers go for wither one, but both? That’s rare.

NbnBroker is a very risky broker as a result of these addresses, and is completely unregulated. 

Unless you wish to throw your money away for no reason , there is absolutely no incentive for investing in unlicensed brokers. In fact, you would be doing them a big favor by funding their further fraudulent projects. If you wish to trade real FX and CFD with regulated brokers, looks no further that those that are regulated, especially in well known locations such as Europe, the UK, the US, or Australia. The regulators there are pedantic to a ridiculous degree and will do everything in their power to uphold the rights of the user and the integrity of the market industry. It is within their power to penalize brokers and demand client compensation, as well as to set industry standards and introduce new rules and regulation.

NBNBROKER TRADING SOFTWARE

We confirm that there is an MT4, but the situation with it is such that we would not access it. The reason for this is that the file is shady, and there isn’t really that big of a reason for us to risk or PC. Our own malware warned us against the file, so who knows what sort of viruses the broker releases into the computer.

There was also a web MT4 that we easily located, but it opened but with a demo account that belonged to Metaquotes, and not the broker at had. Meaning that the web trader had no NbnBroker proprietary servers.

It doesn’t matter if there is an available MT4, or whatever else. The broker is, above all else, unregulated and a risk to all!

NBNBROKER DEPOSIT/WITHDRAW METHODS AND FEES

According to the website, the minimum deposit is $50. The payment methods are Skrill, Payeer, Neteller, a BTC wallet, a credit card, and internal transaction.

There are also quite a handful of fees, which are: Skrill -1.45% withdrawal fees; Payeer- 0.5% fee, Neteller-  1% for deposits and withdrawals, BTC wallet- $20 for withdrawals + network commission for deposit, credit card- 4.5% for deposit and none for withdrawal, internal transaction- no fees.

That’s all the payment details we could get. The fees are definitely a sign for concern but do consider that the broker is unregulated and may be making all these things up. as far as we’re concerned, the minimum deposit may not even be $50.

Scammer brokers are never to be trusted, not even with things that seem in place. NbnBroker is first and foremost a risk to all and a scam!

HOW DOES THE SCAM WORK

Getting scammed usually happens without you knowing it. It’s a deceivingly simple process that owes its success precisely because it seems so avoidable.

First, there is the matter of getting in contact with the broker which happens in one of two ways. Either it contacts you, or you it. If it calls, it means that somewhere in your net journey you accidently left a phone number or an email address. Or you were persuaded by the broker to contact it, which is why many scammer brokerage sites looks so appealing.

The hardest thing to achieve, for a fraudster, is to convince a user to invest an initial deposit. Prior to this a certain level of trust must be built, centered around a false sense of rapport. The broker will fake an interest in the user and in the process talk about market and profit opportunities, as well as investment choices. It’s all a part of a retaining strategy that will keep the user invested for at least a couple of thousand dollars, on average, until, eventually, he realizes the scammer pit he has fallen in.

When this happens, the broker will seize all contact with the user, and might even block the client from the website. It will go to great lengths not to return a single penny of the user’s money.

WHAT TO DO IF SCAMMED

The first thing you should do it to file for a charge back. That’s if you have invested by means of a credit or debit card. MasterCard and VISA have a chargeback period of 540 days giving users more than enough time to try to get their money back.

Wire transfer deposits are not as easy to acquire, and the best advice we can give you is to set up a reimbursement strategy with the bank leading the transactions. Most banks have strategies put in motion when these circumstances are met. Furthermore, if scammed via a wire transfer, it’s best to change your bank account user name and password.

Unfortunately, all crypto deposits are most surely lost for good. These transactions are untraceable and therefore once they reach the scammer end it all depends on the fraudsters if you see your money back or not.

Lastly, do not trust recovery agents or agencies. These are either separate scammers trying to get a hold of any leftovers, or can even be an extension of the brokerage scam.

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