NU2UTRADE: customer reviews about the company’s performance in 2023.
**NU2UTRADE: Company Review in 2023**
NU2UTRADE is a financial intermediary that evokes mixed feelings among investors. On the one hand, at first glance, the company appears impressive – extensive statistics, numerous awards, and years of experience. However, reviews about the platform have only recently emerged, and unfortunately, they are not positive. Many traders express dissatisfaction with NU2UTRADE. In this review, we will try to understand the validity of the criticism. Before drawing a conclusion, we will examine the legal side of the issue and the terms of cooperation.
Company Information
NU2UTRADE presents itself as a modern broker that has been helping clients achieve their financial goals for 5 years (although on other pages, they claim 15 years of experience). They welcome even beginners and promise fast order execution, high security levels, and competitive spreads. According to information on the website, there are 37,300 active traders on the platform. Here are some figures:
- 250+ instruments available for trading;
- 341,720 orders per day;
- $83 million daily turnover.
However, it is worth noting that doubts about the accuracy of this data are not unfounded. The registration data of the website raises questions about the objectivity of the presented information.
Legal Aspects
NU2UTRADE imposes regional restrictions and does not offer its services to residents of certain countries. The company seems to carefully shift responsibility to investors, avoiding financial obligations. Despite having a scanned copy of the incorporation certificate, our checks revealed inconsistencies in the provided information. Claims about having FCA and CySEC licenses also remain unconfirmed.
It is important to note that in CIS countries, NU2UTRADE’s activities are considered illegal since the company lacks the necessary approvals from regulators. This means that clients are left without proper legal protection.
Cooperation Terms
NU2UTRADE offers clients access to trading various assets, starting from a demo account for risk-free practice. However, real customer reviews indicate that the company does not enjoy the highest level of trust. Tariff plans have different conditions, but information about commissions, payment methods, and fund withdrawal processes is not fully disclosed.
Review of Reviews
NU2UTRADE tries to maintain its reputation by posting positive reviews on its website. However, real user reviews tell a different story. Independent platforms already have reviews indicating that the company may not fulfill its obligations to clients.
Conclusion
Assessing all the presented information, we come to the conclusion that it is advisable to treat NU2UTRADE with caution. The company may pose risks to your financial investments, so it is recommended to thoroughly study all aspects of cooperation before making a decision.
I am highly dissatisfied with NU2UTRADE’s performance in 2023 as the broker’s lack of market insight and poor communication led to substantial losses in my portfolio.