Nexsus Financial Markets Review – Is The Broker A Genuine FCA Regulated Company?
First off, Nexsus Financial Markets claims to be regulated by the FCA by listing a London address as its official address in the UK. The Nexsus Financial Markets website also prominently displays a conspicuous FRN number that is published in order to prove the authenticity of FCA regulation. However, upon closer investigation, the FRN number 590890 seems to be the regulatory license number of Abshire-Smith, another UK-based financial broker that is licensed and regulated by the FCA. We are not sure whether both of these brokers are connected to each other through any partnership or white label platforms, but it certainly sounds suspicious with regards the safety of trader funds. To make matters worse, we also ran into an article from 2014 from the official FCA website, which warns traders and investors about a potential scam involving Nexsus Financial Markets. The official press release clearly states that the broker is not authorized by the FCA to carry out financial brokerage and other allied services in the UK, which puts further doubt into the authenticity of the company. The FCA has categorically warned its investors to stay away from Nexsus Financial Markets until further notice. Therefore, we wouldn’t trust the company for its promises of enhanced client security, protection under the FSCS fund, and offering the best liquidity in the market.