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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

NFM

Cyprus Cyprus | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

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Website

Rating Index

Contact

6787100624
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license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
NFM
Customer Service Email Address
support@nfmforex.com
Contact Number
6787100624
Company Website
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Website
Company Summary
Wiki Q&A
Comment

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Exness

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Exness
Score
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Official Website

Website

  • nfmforex.com
    119.28.26.133
    Server Location
    Hong Kong Hong Kong
    ICP registration
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    Most visited countries/areas
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    Domain Effective Date
    0001-01-01
    Website
    WHOIS.GODADDY.COM
    Company
    GODADDY.COM, LLC

Review summary

NFM is a broker registered in Cyprus with an operational history of 5-10 years. This entity exhibits a highly suspicious scope of business and, crucially, holds no valid authoritative forex trading licenses from established regulators such as the FCA, CySEC, or ASIC. According to WikiFX data, the broker's overall risk assessment score of 1.61 reflects a profound deficit in regulatory oversight and fundamental operational safeguards. The absence of a regulated framework means client funds lack formal protection mechanisms like segregation and investor compensation schemes. The combination of an unlicensed status and a suspicious business profile necessitates that prospective traders exercise extreme caution before engaging with this broker. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-25)

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

What is the regulatory status and risk profile of NFM?

NFM operates without any valid authoritative forex trading licenses from major regulators like the FCA, CySEC, or ASIC, placing it in an unregulated category with a significantly high-risk profile. According to WikiFX data, the broker holds an overall risk assessment score of 1.61, which reflects a profound deficit in regulatory oversight and fundamental operational safeguards, meaning client funds lack the protection mechanisms typically enforced by established regulatory bodies.

Two days ago
United States

Is NFM regulated?

No, NFM is not a regulated entity. It does not hold any verifiable licenses from mainstream financial authorities, which is a critical consideration for traders as it means the broker operates outside formal oversight frameworks designed to protect investors.

Two days ago
United States

What is the full company name of NFM?

The broker operates under the full name NFM. It is registered in Cyprus and reports an operational history of 5-10 years.

Two days ago
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

Two days ago
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

Two days ago
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

Two days ago
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Two days ago
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

Two days ago
United States
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