Abstract：Are you losing your invested capital due to the trade manipulation by Nadex, a US-based forex broker? Is withdrawing profits virtually impossible at Nadex? Have you failed to receive any support from its customer service team? Well, these are sheer indicators of a potential scam waiting to affect you financially. Read on to know more about the latest scam allegations against the broker.
Are you losing your invested capital due to the trade manipulation by Nadex, a US-based forex broker? Is withdrawing profits virtually impossible at Nadex? Have you failed to receive any support from its customer service team? Well, these are sheer indicators of a potential scam waiting to affect you financially. Before things go out of your hand, look out to withdraw funds using strict but legitimate ways. Our concern stems from massive forex scam allegations imposed on it by traders. In this article, we have shared some. Take a look!
What Traders are Complaining About Nadex?
Withdrawal Request Remained Pending for Almost a Year
As traders, many place withdrawal requests with Nadex only to see them get denied or remain pending for as long as a year. Stunning but true are these withdrawal issue-related allegations by the traders. Below, we have shared one screenshot explaining how tough it was for the trader to deal with this issue. Have a look.
Deposit Pressure Becomes Intense on Traders
Traders continually face pressure from the broker officials to deposit regardless of their trading status. Whether it is in profit or loss, it hardly matters to the broker. The constant deposit pressure does not make for a pleasant experience. Here is one trader complaining loudly and clearly against this act.
Capital Loss for Traders
Passing the binary level trade within the defined timeframe remains almost an impossible task, as claimed by a trader. One trader went on to describe an incident that demonstrated a percentage of losing trades to be as high as 95%.
Profit Stoppage Despite Winning Trades
Traders invariably face a stoppage of profits even if they are winning trades. On the chart, they can see their trade moving profitably. However, the broker stops their profits. A trader has rightfully claimed this scam at Nadex. Here is what the trader said.
The Score for Nadex
As Nadex does not hold any license from a competent financial authority to conduct forex business, it does not gain a healthy score from the WikiFX team. Considering the scam allegations and a lack of regulatory approval for the forex business, the team could not give it 1.56 out of 10.
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