NBH Markets Review: A Critical Look at Charting and Analysis Tools

Lately, there has been a lot of confusion related to the NBH Markets broker. For a start, the company holds CySEC regulation but hasn’t been based in Cyprus. Also, the leverage is 15 times higher than a CySEC regulated broker could offer. All this raised a red flag, and we decided to do our investigation.

Read our NBH Markets review and find out who this broker really is.

NBH Markets Regulation and Security

NBH Markets is a brand owned by NBH Markets LLC from Saint Vincent and the Grenadines. This makes the company offshore since their main office is in SVG. Yet, the broker has a CySEC regulation without Cyprus headquarters. How is that even possible?

For those who have never heard of white label programs, let’s first give a brief explanation. As a part of white-label, regulated companies are “renting” their regulation, platform, and other tools to unregulated brokers. Practically, you can use everything these companies have without actually having it yourself for a certain monthly fee. So, if we tell you that NBH Markets is a white label partner with NBH Markets EU Ltd, a separate company that is just borrowing regulation but does not control the company, would you still trust such a broker?

Fund Withdrawal Issues

Now, when you understand that the company itself has no regulation but getting one for a monthly fee, are you surprised to know that clients experienced withdrawal issues? Because we are not. According to NBH Markets reviews, this broker uses the fact it’s based offshore to scam clients.

Once you open an account, you can start with $100. Shortly after, someone is persuading you to upgrade an account to the next level – and that is $5,000. If you do such a thing and manage to profit, the withdrawal will not be possible.

Like many other offshore brokers, this one will suspend your account, and you have nothing to hope for.

Traders Opinion

Searching through reviews, we found specific comments that are clear alert. For example, clients stated that they had been told the company is based in Cyprus and works according to CySEC, offering leverage up to 1:30. Just once you actually enter the market, you will discover that leverage goes to 1:500, and with a minimum of $100, a loss is virtually guaranteed.

How Does Online Trading Scam Work?

As you had a chance to see, this broker is representing itself as a CySEC regulated. And that would be fine if NBH Markets employees explained the actual situation. That they are an offshore company and part of a white label program. Instead, they keep manipulating clients that are very upset once they find out that their money has been sent away. Far away.

If you have ever dealt with an offshore broker, you know that such brokers don’t care too much about regulatory rules. They will call clients day and night, push them to invest more, and the account will be banned once it happens. Clients are staying without funds, and money is most likely “lost on the market.” Some of these brokers go even further and blame clients for opening trades they never opened, claiming they lost their own money.

Beware of NBH Markets scam and also GK Invest, NordFX and Quotex.

Scammed by NBH Markets?

Hopefully, you still didn’t have a chance to work with NBH Markets. And if you did, you probably don’t like the outcome. Our company recently found out about activities of such brokers and decided to help out those in need. First of all, we would advise you to request a chargeback. If you have been scammed online, you are entitled to get your money back, one way or another.

For further details and assistance, contact our support team via chat. If you have been scammed by NBH Markets or any other illicit operation, they will give you all the necessary information during a free consultation. Let’s start the refund process today!