Npffms.top is a brokerage firm that has gained some attention in the online trading scene. However, some have questioned its legitimacy, and the purpose of this review is to provide an in-depth analysis of the brokerage firm.
Company Overview
Broker Name | Npffms |
Website | httpss://npffms.top |
Location | Unspecified |
Regulation | Not regulated |
Warning | Multiple |
Team
We cannot enter their website as they are not active at this time. Their website is unavailable to browse and no information can be found. Though we tried to search on LinkedIn to find some connection with this broker, nothing was found.
Services and Products
Npffms.top’s services and products focus on providing trading opportunities across multiple financial instruments, including forex, commodities, and indices. This information was found in some online forums of their previous unhappy clients.
Trading Platforms
The brokerage firm offers its clients access to the renowned MetaTrader4 (MT4) platform. The platform is known for providing traders with advanced charting tools, robust risk management features, and automated trading options. But, we did not find any detailed information from their previous clients.
License and Regulation
Npffms.top is not listed as a regulated brokerage firm. This lack of regulation raises red flags, which makes the need for further investigation imperative.
License status
We tried to find some license information from online platforms and other regulatory websites. But, nowhere we found anything about their licenses.
Regulatory status
We searched on FCA, FINMA, FNMA, CySEC, and other regulatory websites, but we found no regulation confirmation from any of these websites.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed and unregulated brokers carries inherent risks. A lack of regulation means that a broker’s practices and activities are not monitored, creating a platform where unscrupulous entities can operate with impunity. These brokers often handle clients’ funds with a less-than-satisfactory level of transparency, increasing the potential for fraud and malpractice.
Legal Warnings Against Npffms.top
There are several mentions of Npffms.top being an unregulated brokerage firm. Most industry experts warn traders against dealing with brokerage firms that lack regulation, as the possibility of being scammed is much higher.
Client Feedback About Npffms.top
The online reviews for Npffms.top are on the negative side of the spectrum. Many clients have voiced complaints about the brokerage firm’s trading practices, with issues concerning trades not being executed and withdrawals taking significantly longer than advertised.
About Trading
Customers of Npffms.top has reported being subjected to systematic order execution slippage and the prevalence of unannounced re-quotes, impacting the overall profitability of their trading activities.
About Customer Service
One customer was vocal about the poor customer service he received from the broker, with emails often taking over five business days to receive a reply.
How Can FXfarmupdate Help You If You Get Scammed?
FXfarmupdate is a regulatory watchdog that helps investors and traders recover their funds if they have the misfortune of getting scammed. Through its network of industry watchdogs, we assist its members’ clients in reporting fraudulent activity and potentially recovering their funds. We will provide you with free consultation and service recommendations to help you in retrieving the lost funds.
Final Thought
Based on the foregoing analysis, it is our considered opinion that Npffms.top is a questionable and unregulated broker that poses a significant threat to investors and traders. Therefore, we strongly advise against trading with them and suggest that traders opt for brokers that are properly regulated and transparent in their practices.
