We have decided to do Neferma review after some scam complaints from readers regarding this new forex broker called Neferma . If you are a forex investor, and you are looking for profitable brokers to kick start your forex career, do not use Neferma broker . After reviewing the broker, we concluded that it is one hundred percent scam. We have spotted several red flags, which we are going to share with you in this Neferma review.
The Neferma claimed to be a forex broker, and that they specialize in at least three kinds of live trading accounts, which include the following:
The Classic Account
Cent ECN Swap Free Account
ECN Swap Free Account
As you can see from information provided above that the last two Neferma accounts are swap free, and the first one features a market swap. One thing that is common to all the three account types is that they all have ten percent stop out option. This broker does not offer any demo account. This makes it extremely difficult for you to try them before you decide to invest your money with them. This is dangerous.
In the course of our review of Neferma broker , we discovered that they claimed to trade in at least twenty-eight major forex pairs, as well as twenty exotic pairs and CFDs. They cover many indices, silver, gold as well as stocks, oil and various agricultural products. This means that if you want to trade with them, there are several options and commodities that you can invest your money.
After studying their trading terms and conditions, our review discovered that Neferma trading include many things as their conditions and terms of trading. Therefore, it is of interest of depositors to read and digest their terms carefully before they begin to use the broker for their forex trading.
They claimed that they do provide no deposit bonus on ECN SWAP FREE account of $150. Moreover, Neferma clients can get a no deposit bonus in their client area for the number of times they want it. Furthermore, the company demands that clients must validate their new bankcards for new no deposit bonus they make. This means that the number of accounts that you have with them depends on the number of credit cards you have validated with them. Moreover, the Neferma company said that they do not accept any other withdrawal method other than a bank transfer.
Why Neferma Broker Is a Scam ?
Click here for : Official Website Of Neferma
We have said that we spotted many red flags in this broker, and that is why we are writing it off as a scam. Here are some of the reasons we consider them dubious.
The Company And Security Of Funds
Since our review of the financial market, Neferma broker is the shadiest forex broker we have come across . First is that after going through the website, terms and conditions and other details, there is nowhere their regulatory information is mentioned. There is no visible and clear information about the brokers that show anybody that the company is reputable. This is a clear sign of a scam. If you see any reputable broker, you can tell because they provide their security and approval seals, as well as regulatory information to put confidence in the mind of clients. You cannot see such thing in this company called Neferma brokers.
After reviewing deep, you would see where it is mentioned ROX Commerce GmbH. There is an indication that the company belonged to those famous or notorious offshore zones. This means that the company is unregulated. This raises a serious issue about security of your funds.
You can easily tell that your money is not safe when you see where it is written that Neferma does not accept clients from US and Canada. Have you asked why it is so?
Safety Of Fund
If you review the Neferma company website, especially the client agreement, you will see that client money is held in different or segregated accounts. This does not send a clear message, as it shows that there is something fishy in holding segregated accounts. The wisest thing that any investor can do in a situation like this one is to avoid using the broker entirely.
When you look at what the brokers claimed on their trading platform, it is confusing. Instead of coming forward to say they are using the popular MetaTrader 4, they said that they are using Neferma Trader, which they claimed to be the most popular Forex and CFD trading platforms. One may begin to wonder whether they are trying to promote another platform or are they talking about the same MT4, which many people, are used to. The question our review observed is why Neferma company was finding it difficult to say that they are using this trading platform.
Bonus And Promotions
According to the information they posted at their websites, Neferma broker claims to provide a no deposit bonus, and this is on a bonus of one hundred and fifty dollars on ECN swap free account. They claim that their client can get such bonus for unlimited times, but the client has to provide a valid credit card for the number of times they want to have such bonuses. Moreover, Neferma offered that profits made as a result of trading of the bonus is subject to withdrawal through bank transfers only.
You have seen from our Neferma review that the only method of withdrawal supported by the company is bank transfers. When it comes to the method of payments, the company offers different methods of payment to your account and they include credit/debit cards, bank transfer, as well as online payment methods like PayPal, Neteller, Skrill, Webmoney, Qiwi, as well as Lavapay.
The Neferma website does not offer any support. We tried it and discovered that the support does not work.
Is Neferma Forex Broker A Scam?
The Neferma forex broker is one hundred percent scam. Check the internet and you will see hundreds of negative reviews about them. It is better to avoid the broker because your investment would be lost.
Review Conclusion : Neferma Is A Scam !!
To conclude our Neferma review , this is another offshore broker, it has lots of features that show that the company is dubious, why should they demand several credit card information from you, is it not dubious. Our review noted that this is a ploy to withdraw from your cards. Finally Neferma broker is unregulated and does not offer any demo account. The company is a scam.