Nexon Groups Review
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Fast Facts
Contact Info and Support
Traffic information
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About Nexon Groups
Nexon Groups operates the websites nexongroups.com and nexongroups.io and offers trading in forex and cryptocurrencies via six account tiers—Starting, Basic, Standard, Bronze, Silver, and Gold—with a minimum deposit of USD 2,500 and provision of the MetaTrader 5 platform in web and app formats. ()
Nexon Groups is not authorised by the UK’s Financial Conduct Authority (FCA); the FCA issued a warning on June 7, 2023, stating the firm may be providing financial services without authorisation. The warning names the websites nexongroups.com and nexongroups.io and the address “10‑16 Elm St, London, UNITED KINGDOM, WC1X 0BJ.” ()
Canadian regulators echo this concern: the Ontario Securities Commission (OSC) warned that Nexon Groups Limited is not registered in Ontario to trade or provide investment advice, citing fictitious UK addresses and noting operation via the domains nexongroups.com and nexongroups.io. The British Columbia Securities Commission (BCSC) similarly cautioned residents that the company is not registered to trade or advise in British Columbia. ()
In Québec, the Autorité des marchés financiers (AMF) issued an investor warning on June 12, 2023, stating that Nexon Groups Limited is not registered with the AMF and is not authorised to solicit investors in Québec. The warning references the domain nexongroups.com. ()
The Manitoba Securities Commission (MSC) issued an investor alert on March 21, 2023, affirming that Nexon Groups and the website www.nexongroups.com are not registered in Manitoba to engage in securities trading or advising. The MSC warns that Nexon Groups claims to operate from the UK. ()
Who it’s for
- This entity is neither registered nor regulated in the UK, Canada (Ontario, British Columbia, Québec, Manitoba), or other jurisdictions listed by public financial authorities.
- Attractive only to individuals who may not value regulatory oversight or who are unaware of the associated risks of dealing with an unlicensed broker.
Pros and cons
Pros
- Supports MetaTrader 5 platform in both web and mobile forms. ()
- Offers multiple account tiers. ()
Cons
- Not regulated by any recognised financial authority; multiple warnings issued by FCA, OSC, BCSC, AMF, and MSC. ()
- Claims of UK address appear to be fictitious. ()
- High minimum deposit of USD 2,500—substantially above industry norms. ()
- Frequent user complaints about withdrawal issues, blocked accounts, deceptive retention tactics, and aggressive marketing. ()
