NajdFX: customer reviews about the company’s performance in 2023
Reviews of the NajdFX Broker in 2023
Almost all novice traders lose their funds not because of a lack of knowledge about proper trading, but because of fraudulent brokers. These people are only interested in their own benefit and do not pay attention to the needs of clients. One such example is the company NajdFX. Although the website claims to have many years of experience and a presence in various countries, reviews about it are still scarce.
What is known about the NajdFX Broker?
According to the information on the website, NajdFX is a broker with a 10-year track record, helping traders earn easily and maximize profits. The portal claims to have numerous awards, 1000 employees, and 30 offices worldwide. However, the initial reviews tell a different story.
A check through the Whois service revealed the first lie – the domain najdfx.com was registered only in July 2023, not over 10 years ago. In addition, there is no adequate customer support, only available through email. The phone numbers of offices in Saint Vincent and the Grenadines, as well as in Dubai, do not correspond to reality.
Information about the company’s executives is missing, indicating a reluctance to pursue transparent policies and be accountable to clients.
Legal Situation
Although NajdFX presents itself as a licensed broker complying with international laws, the site does not list certificates of incorporation and licenses. The site also contains a legal address in an offshore zone and a certificate of incorporation number, which is not a license.
In the registry of legal entities in Saint Vincent and the Grenadines, a company with the same name does appear. However, for the broker to operate legally, a license is required, which NajdFX has not provided.
The offshore state does not regulate the activities of brokers, and there is a warning on the supervisory authority’s website about this.
NajdFX Offers
NajdFX offers trading on 1200+ CFDs on various assets, with a minimum deposit of $100, leverage up to 1:500, and no commissions on deposits/withdrawals. However, there are no opportunities for risk-free demo trading.
The broker attracts newcomers with generous bonuses and offers to join their affiliate program. But there are no reviews about the withdrawal of funds.
Reviews of NajdFX
Currently, there is only one review where the user points out the company’s fraud and tries to recover their money through a chargeback service.
If you have experience working with NajdFX, please share it to help others avoid fraud.
Company’s Fraudulent Scheme
Users come to the NajdFX platform hoping for high profits, but end up losing their funds. Brokers do not allow withdrawals, demanding that bonuses be worked off first, leading to additional losses for the trader.
Conclusions
We recommend refraining from collaborating with NajdFX, as this broker may take away your funds. After the victim depletes all financial resources, the broker will simply stop communicating with them, and the losses can be significant.