Looking to read NWAYS Capital Limited reviews, you are in the right place. Is Nwayscapital.com a scam or legit broker? Read reviews to know about this forex broker.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About NWAYS Capital Limited
NWAYS Capital Limited FX otherwise known as Nwayscapital.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
What We Discovered about NWAYS Capital Limited Regulation
First of, NWAYS Capital Limited presents a registered address in Mauritius. This broker, however, doesn’t mention if it’s regulated by the local Financial Services Authority (FSA).
To clear the doubts, we searched the registers of the FSA of Mauritius it became crystal clear that NWAYS Capital Limited is not licensed therefore it offers financial services outside the law.
Next is, there is a broken link to the Terms and Conditions on the NWAYS Capital Limited website. This is another suspicious.
Furthermore, this broker does not offer money back guarantee which means trading on such platform is clearly putting your funds at a risk of scam.
These drawbacks are for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
NWAYS Capital Limited Minimum Deposit for Traders
NWAYS Capital Limited offers variety of trading account for clients. According to the account descriptions, the broker leverage is capped 1:500.
The broker NWAYS Capital Limited specifies its minimum deposit $250. In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
NWAYS Capital Limited does not provide any information on payment methods and transaction fees.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
NWAYS Capital Limited Trading Software
NWAYS Capital Limited claims to use the industry standard trading platform MetaTrader 5. Just to be clear, the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an illegitimate forex broker like this one because you stand the chance of losing your money.
NWAYS Capital Limited Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Nwayscapital.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
NWAYS Capital Limited FX located at Nwayscapital.com appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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