Beware! NftVisionFX.com is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Opening your site site with the skylines of New York is a cliched but effective way of attracting the attention of many passers. NftVisionFX.com is not a fool in this, but everywhere else it either lacks the capacity to act as a legit broker, or never actually cared what it says. It’s easy to see why the latter might be applicable, because brokers such as this one are after a certain amount of deposits, and after they are done they simply move to the next scammer project.
The user area is a common interface that scammers use; not a surprise here for NftVisionFX.com will prove to be lazy on many occasions. Even having a user are in NftVisionFX.com’s position is impressive. From there we moved to a trading platform, where the EUR/USD cost of trade was 3 pips, while leverage was capped at 1:200. Forex currency pairs, cryptocurrencies, indices, commodities, and shares are what the web trader offers. These are typical trading grounds offer by scammers; they believe them to be good, but they are just average at best, and not to mention the spread which is not at all promising.
NFTVISIONFX.COM REGULATION AND SAFETY OF FUNDS
NftVisionFX.com makes an open case that it is a broker with a Cyprus registration, but regulated by the FCA, CONSOB in Italy, and CySEC as well. The reasonable thing to do is to check all these regulators if they hold any information on the current broker. None of them do, so NftVisionFX.com has taken their name in vain. All these are some of the best license issuers in the world, and they would never allow such a shady firm to pass by their gaze. There are so many rules and requirements that NftVisionFX.com can’t even cover 1 percent of them.
None of these proved to be correct, not that we ever had hopes for them. It’s an insult to these great and hard working regulator to be mentioned by the likes of NftVisionFX.com
NftVisionFX.com does not provide further information, and as we usually do in similar cases, we have no other choice but to label this entity completely unregulated and a risk to all! Even more dangerous is this broker to all users that have provided personal details
Always aim to invest in regulated brokers, and not illicit ones. It may not be easy to distinguish them from one another, but there is a way to make the process much easier. The crucial point is to check the legitimacy of the broker’s regulatory or registration claim. If nothing’s there, you close the site and move on to any European, UK, US, or Australian broker, or any other with a legal status. Being regulated is not just encompassed in a simple permission to offer FX trading service. It comes with a ton of responsibilities, most of which are concerned with the way the broker treats its users. Misconduct on the side of the broker either results in financial penalties or in total closures of the brokerage website in question.
NFTVISIONFX.COM TRADING SOFTWARE
Here is the web trader offered by the broker. It seems somewhat pro, and it kind of sort of is, but the fact is that this is one widely used software, in 99 percent of the cases by complete scams!
There are enough features here to, by definition, consider this to be an overall good software, but it the nature of the broker entails us to reach the following verdict: do not use it for you will regret it in the future.
NFTVISIONFX.COM DEPOSIT/WITHDRAW METHODS AND FEES
From the user area we get the following payment options: credit card, debit cards, and wire transfer. However, the whole bank deposit process has been made way to ridiculous for comfort, which is a smart move to make the user invest via credit card or debit. The minimum deposit seems to be just $1, allowing just about any one, whether an already solicited user or some random person stumbling on NftVisionFX.com, to invest and very likely to start losing money.
The exact same payment methods are used for withdrawals. We find significant proof that there are withdrawal fees, but as it typical of scammers, the charges have been left completely undisclosed. Not to mention that there are other fees also left completely unmentioned.
There are no further details here. Once again, NftVisionFX.com shows its true form, and proves to be a complete scam and risk to all!
HOW DOES THE SCAM WORK
Scammers use a couple of tricks that make up a big scheme that has not changed since its inception, meaning that it’s fairly easy to avoid it.
The fraud starts when the broker contacts the user, who has unknowingly provided his or her contact details in the past through some seemingly innocent channel.
Communicating with the broker might seem like a pleasant experience as the other side sweettalks its way to your wallet. The reason why most frauds target non-trading audiences is because they are more susceptible to this kind of verbal manipulation. Otherwise, users might start receiving emails with unbelievable good investment deals, none of which are actually lucrative.
The tipping point is the first deposit that scammers are so eager to sell. After this first investment, the user has fallen into the clutches of the fraudster. Either he will be pushed to invest more by false promises of further “profit”, or the client will want to get back his initial deposit, a request to which he is told that further investments are needed.
On whichever side of the coin you the user is, she will most likely never be able to withdrawal. All withdrawal requests will be denied for a plethora of equally ludicrous reasons.
WHAT TO DO IF SCAMMED
Once scammed, your safest bet is a chargeback. Contact your credit or debit card company and move on from there. It’s good to know that MasterCard and VISA have a chargeback period of 540 days.
Bank investments are more difficult to reimburse but not impossible. Most banks have some sort of strategy for dealing with lost capital, so the client’s best bet is to contact her corresponding bank and proceed from there according to the bank’s plan of action. We also recommend that users change their bank account username and password if defrauded.
As for crypto investments, it is unfortunate to say but there is no real way of getting lost money back through these channels. All crypto investments are untraceable, and there is no telling where the investor’s funds will end up.
Don’t trust recovery agents or agencies. These are either independent scammer looking to charge users “service fees”, or extensions of illicit broker schemes.