Caution! Nitroexpert-trade is an offshore company! Your funds may be at risk.
Nitroexpert-trade Key Facts
🔴 Nitroexpert-trade offers questionable investment opportunities – a clear sign of a scam!
🔴 Nitroexpert-trade forges crucial contact information – beware!
🔴 Nitroexpert-trade lacks the appropriate license for the provision of its services – a huge red flag!
🔴 Nitroexpert-trade’s domain has been registered only recently – another off-putting detail!
Nitroexpert-trade products and services
Just by going over Nitroexpert-trade ‘s business model you should note that it is a scam – the company offers incredible returns on deposits, starting from 30% within a day – more than anyone can guarantee. Nitroexpert-trade is simply trying to pocket your deposits.
People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.
Nitroexpert-trade company and regulation
Nitroexpert-trade is not a licensed company – it does not even mention regulation on its website. The company feels perfectly okay to operate without a license, which is quite the red flag.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Nitroexpert-trade address and contacts
Nitroexpert-trade’s address line – 3031 Tischway Ste 80 San Jose CA 95128 is one that scammers have used before. The ones we have reviewed can be found below, but it should be clear that you cannot reach the company using this address.
Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.
Nitroexpert-trade website info
Nitroexpert-trade’s website has been online for about six months at time of writing, having been registered last October. The domain is quite unpopular to boot, with SimilarWeb not even listing it. Both of these are quite the red flags. The domain is hosted on the 184.108.40.206 IP address from the States – along with over 29 other domains. There is a number of scammers among them, and the ones we have reviewed can be found below:
The domain owners do not wish to be known, or at least able to be discovered via WhoIs lookups. This is another breach of the principles of transparency we have outlined above.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.