Warning! TheNimbleMarkets.com is an offshore company! Your deposit may be at risk.
RECOMMENDED FOREX BROKERS
TheNimbleMarkets.com is a dangerous type of broker, mainly due to its convicting looks. It is appealing and well structured, and will lure many users into its web of schemes. Thus, the following review is especially important. Please read it carefully for it reveals why TheNimbleMarkets.com should not be trusted.
In the terms and conditions we read that the services of the broker, meaning the company itself, are not available to users whose jurisdictions do not allow the usage of TheNimbleMarkets.com. This is paraphrasing a bit, but it carries the same nonsensical weight. Such a statement subverts what the broker is supposed to do, and puts unnecessary pressure on the user, as if she is supposed to be regulated in order to access the services of TheNimbleMarkets.com. It ought to be the other way round.
However, later in the terms and conditions document, as well as in the contact page, we claims that place TheNimbleMarkets.com is the Seychelles. However, there is one major set back with these alleged truths; there is no mention of the Financial Services Authority of Seychelles, meaning that the broker is not actually regulated there. We also checked the regulator’s database only to be proved correct: TheNimbleMarkets.com is not regulated by the Financial Services Authority of Seychelles.
Furthermore, do not confuse TheNimbleMarkets.com with nimblefxmarkets.com another very scammer broker. Although the two share almost 90 percent of the same look, there is very little on either website in terms of text to suggest that they are connected. However, ambiguity has never actually prevented any affiliations. In fact, after a while we did find a statement in the legal docs that confirms both broker to be managed and held by the same parent firm, which is also called Nimble Markets. Both entities are scams and therefore do not really need to pronounce their connection with one another. Both entities are scams and huge risks.
TheNimbleMarkets.com is ultimately unregulated and a risk to all!
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
The broker did not verify our email, and so we were left without a registration. At least we tried. Now however, we must turn to the site. Actually, the reason why TheNimbleMarkets.com is blocking access to its user area it because it detected through our account request that we are not serious investors, and by that we mean novice users looking for a quick money fix.
The website may provide certain information, but one must always keep in mind that unlicensed brokers are liars every step of the way!
The leverage is capped at 1:500. The promoted trading assets are forex currency pairs, precious metals, and indexes, and a couple of shares. The basic account holders are told to expect a minimum spread of 1 pips on some undisclosed asset. There is a commission on certain assets, but the broker skims through these so quickly that it forgets to disclose further details on them.
However, as far as we’re concerned most unlicensed brokers lie about their account structures, and in reality offer just a single account type, a default one.
There is an available MT4 that is advertised as the MT5. But it’s all there, nonetheless.
Yet, with all its features and excellence the MT4 here is not nearly enough to redeem TheNimbleMarkets.com; the company remains a risk to all!
THENIMBLEMARKETS.COM MINIMUM DEPOSIT
The minimum deposit is $10 for the most basic account type which is promoted as being quite efficient.
The promoted payment methods are credit cards, wire transfers, debit cards, cheques, and cash payment sent directly to the broker by mail.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
THENIMBLEMARKETS.COM WITHDRAW TIME AND FEES
In the terms and conditions we read that all withdrawals are capped at $50 minimum, and that the max processing time for withdrawal requests is up to 120 hours.
That’s all the withdrawal details we have. Unfortunately, it isn’t enough, but when looked from our angle it should not cause any concern. After all, TheNimbleMarkets.com is unlicensed and withdrawal may actually never happen.
As is typical of scammer FX brokers, TheNimbleMarkets.com mention the application of a couple of fees and commissions but ultimately withholds further information on the matter.
Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.
HOW TO RECOVER
The most sound advice we could give you is to immediately file for a chargeback with you credit card company.
If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.
Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
This is one well-thought of scam that will try to steal your money as long as you keep believing its lies. Never invest here!