Incurable NSBroker: How to Avoid Fraud on Financial Markets

Operating for almost two years already, NSBroker, an offshore company, persistently tries to attract Russian-speaking clients with its services. They present numerous licenses, but none of them provide protection for residents of CIS countries. Additionally, NSBroker actively acquires positive reviews to create an appearance of reliability. Let’s explore why partnering with this company can be dangerous for you.

Brief Overview of “NSBroker”

According to their claims, NSBroker has been successfully operating for 10 years, although the domain nsbroker.com was created only in March 2019. During the same period, the company started actively releasing fake reviews. Interestingly, the company is presented at times as NSBroker and at other times as NSFX Ltd, which complicates the process of filing complaints against them, as it is unclear with which company the contract was made.

The company tries to convince that being based in Malta ensures reliability, as clients fall under the jurisdiction of European legislation, although in essence, it is just an offshore. This means that clients from Russia and other CIS countries remain unprotected. The address 168 St Christopher Street, Valletta VLT 1467 also appears on the website of the intermediary NSFX Partners, which is connected to NSFX Ltd.

The company holds six licenses, however, some of them raise serious doubts. NSBroker (NSFX Ltd) operates under the supervision of various regulators, including the Malta Financial Services Authority, the Federal Financial Supervisory Authority of Germany, the French Prudential Supervisory Authority, and other organizations.

The location of the company is questionable, as nothing is known about NSBroker at the official address in Malta. The website of the Bank of Russia does not contain information about NSBroker or NSFX Ltd, which can be easily verified.

Clients are offered several contact numbers (Austria, London, Russia, Malta, Spain), although it is unclear why these countries are mentioned and whether the company has offices there. The “Terms and Conditions” document is available only in English, which is a common scammer tactic, and contains contradictory points.

Trading Opportunities at NSBroker

Despite the promise to provide traders with over 100 assets for trading, including Forex, precious metals, indices, and cryptocurrencies, NSBroker does not specify the minimum deposit amount. The company offers clients to use a referral program to attract new clients, earning a percentage of their deposits.

Reviews about NSBroker

NSBroker tries to create an appearance by acquiring fake reviews, promising clients success and millions. Among the abundance of lies, a few truthful reviews have been found.

The Dark Side of NSBroker

Clients are immediately burdened with a personal consultant, but do not expect help from them. Following their advice, you risk losing your deposit, and the company shifts responsibility onto you, claiming that it does not bear obligations and responsibilities for its recommendations.

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Conclusion on NSBroker

NSBroker follows the standard script of a fraudulent company, and probably, after accumulating negative reviews, they will close and resume operations under a different name. To avoid becoming a victim of NSBroker, stay away from this company!