NFG Finance Review – All Their Claims Fail The Honesty Test
NFG Finance assures their customers they’re committed to delivering excellence in terms of technology and trading conditions. The company is supposedly UK registered and dedicated to creating Forex experts out of every single trader that signs up with them.
Our NFG Finance review has enough evidence to easily dismiss such pretentious claims and shine light on the real face of this fraudulent business.
|Regulated by:||Unregulated Forex Broker|
|Is This Company Safe?||No, companies without a license cannot be trusted!|
|Have Warnings from:||N/A|
|Registered in:||UK (alleged)|
|Deposit Bonus:||Up to 100%|
|Trading Assets:||Forex, Crypto, Metals, CFDs on Stocks|
|Free Demo Account:||Not available|
|How to Withdraw from This Company?||Payouts are blocked by NFG Finance! Consult our legal advisors for help with chargeback!|
Legit Long Ago
NFG Finance is shadier than the first impression tells you. Firstly, the address given on the website belongs to T4 UK FRANCHISE LTD, a retail beverage sale, completely unrelated to NFG Finance.
The alleged company registration number belongs to a firm called NFG FINANCE LIMITED. The firm was legally incorporated in 2016, but with FCA, they’re no longer registered as an appointed representative since 08/09/2020. What’s more, FCA mentions the firm’s domain was sunshineloans.co.uk, without mention of nfgfinance.com. The latter was established in July, 2023.
Now, it’s questionable whether NFG Finance Limited started a new domain since the first mentioned is no longer functional, or the domain we’re reviewing has nothing to do with this firm.
What is clear is that NFG Finance broker is not regulated by any prominent authority, like FCA, CySEC, NFA, ASIC or BaFin. GoldenrodFX is completely the same.
Neighboring Countries Targeted
The NFG Finance website has been operating since 2023. Ever since the domain was started, an increasing number of complaints came from the following countries:
- United Kingdom
Illegal entities and recently registered domains appoint boiler room agents to lurk social networks and promote their alleged money-making deals. Their main focus are Forex rookies, looking to get rich quick without practicing and acquiring enough trading knowledge to lead them there naturally.
Please stay clear of deals and propositions that sound too good to be profitable. Also, contact our legal advisors if you wish to restore investments lost to scam.
Only Reviews Are Fake Ones
NFG Finance tries to up their ante by posting fake comments on review sites like Sitejabber. These are all created by the so-called review seller networks.
This absence of user’s outcry works in favor of the swindlers. Don’t keep quiet, tell us about your experience with NFG Finance. If the company stole your money, book a free consultation with our chargeback professionals.
Questionable Fees and Commissions
The leverage shown on the website goes up to 1:100, or even higher for more expensive account types. This breaches all known regulatory directives in effect in the UK and wider.
The problem with transparency is quite evident when it comes to trading costs. The web presentation claims that spreads are variable from standards to low, depending on the package you buy. Nothing else is known and the NFG Finance platform reveals no data.
Bonuses For Pricier Accounts
In order to attract you to buy a more expensive account type, NFG Finance promises bonuses of from 50% to 100% for the VIP package. Expectedly, nothing is known about how these work.
Bonuses and promotions can be misused by the broker to limit your withdrawal options, so beware of them.
Misleading Trading Features
The nfgfinance.com site bombards you with data, such as imported charts from Tradingview. The most important information is nowhere to be found.
Much of the info on how the whole trading deal functions at NFG Finance is hidden from public view. The info that is available is contradictory, depending on which part of the site you’re on.
Inferior Web Terminal
There’s no better way to describe the NFG Finance platform except useless. The basic available features related to customization are the only functions you can use besides placing orders. The software packs none of the advanced tools and options that make MT4 and MT5 industry leaders.
Narrow Choice of Products
In contrary to all the NFG Finance claims about providing thousands of instruments for trading, these were the only groups and products available inside the platform:
- Forex (AUD/CHF, EUR/USD, CAD/USD)
- Metals (Aluminum)
- Crypto (BTC, BCH, EOS, XMR)
- CFDs on Stocks (Alcoa, Tesla)
NFG Finance Account Selection
NFG Finance advertises that a single account unlocks all markets, but it costs £250 000 or more to open. It also has some additional benefits, such as return on investment, welcome bonus and portfolio management.
Cheaper accounts don’t have as many features, but they are expensive too:
- Beginner – £5 000
- Silver – £25 000
- Gold – £75 000
- Premium – £150 000
- VIP – £250 000
As with the BizzTrade scheme, there are no demo or Islamic accounts on NFG Finance.
Only Half Transparent Payouts
To appear professional and reliable, NFG Finance states that they are deeply dedicated to funds safety and swift transactions. Withdrawals are allegedly available via bank transfer and credit cards.
However, except wire and crypto, no other options are available from the client zone. Another AML standards breach that should warn you of potential dangers.
Other aspects such as fees and processing time aren’t covered by any legal docs. These are just seemingly informative, yet carry no relevant information at all.
Don’t Rely On Their Client Support
This faux broker doesn’t have a live chat for customer support. You may allegedly contact the company by e-mail or a contact form, though, but we all know this rarely works.
The company address is fake as well, so don’t expect your letter to reach NFG Finance.
Final Opinion On NFG Finance
NFG Finance is a group of crooks disguised as a forex brokerage. Searching for the company credentials will take you on a wild goose chase. It’s all a carefully orchestrated plot to keep their true intentions hidden from the victims.
Investing with NFG Finance is ill advised. In the case you’ve already deposited funds with this bogus broker, contact our legal experts. Your money may not be lost yet – book a free consultation today and start your chargeback.
What Is NFG Finance?
NFG Finance is a dangerous unlicensed entity operating under the pretense of a Forex broker.
Is NFG Finance Regulated?
No, NFG Finance isn’t licensed. They’re completely illicit, and if you have invested any money there, consider booking a free consultation with our chargeback experts.
How Does NFG Finance Work?
NFG Finance offers various lucrative deals, bonuses and returns on investment to their clients. Once the money is deposited, however, the company won’t allow any payouts.