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Neferma Review – is it scam or safe?

Neferma Review - Is it scam or safe forex broker?

RATING: 1 / 3 REVIEWS ForexBrokerz Neferma
Neferma is an offshore broker. Your money is not safe.

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 Trading accounts and conditions

 

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
ECN swap free $10 0.01 lot 1:500 From 0 pips, commission $15 per lot
Cent ECN swap free $10 0.01 lot 1:500 From 0 pips, commission $15 per lot
Classic $10 0.01 lot 1:500 Fixed spreads from 2 pips
 
 
Neferma is a forex broker that offers three types of live trading accounts ECN swap free, Cent ECN swap free and Classic. The first two are swap free, while the third one has a market swap. All three have a 10% stop out option. There is no demo account.
 
Clients can trade in 28 major forex pairs, plus 20 exotic pairs and CFDs on several indices, gold, silver, some agricultural products, oil and stocks. 
 

The company. Security of funds.

 
Neferma is one of the shadier forex brokers we have come across. Aside from the fact that it does not provide any regulatory information, there is no clearly visible company info either. After some digging we have found the “Client Agreement”, which mentions ROX Commerce GmbH. It appears the company is registered in another famous offshore zone – the Seychelles. 
 
According to the contact details, Neferma's headquarters are in downtown Copenhagen, the call center is in Seoul and the “technical office” is located in Dubai. The broker says it does not provide its services to clients in the US and Canada. 
 
As per the client agreement, the client money is held in segregated accounts, but the overall feeling is that the broker is pretty dodgy, to say the least, and the wisest thing to do is to avoid it.
 

Trading platforms 

 
Neferma offers a trading platform called “Neferma Trader”, which claims to be “one of the most popular CFD and FOREX trading platforms in the world”. Small wonder, considering that actually this is MetaTrader 4 (MT4) – indeed one of the most popular and widely used trading platforms for margin trading in forex and CFDs. The fact that the broker does not state that the trading platform is in fact MT4 strikes us as somewhat odd. Usually the brokers promote the availability of MT4 – a platform that has been on the market for more than 10 years and most traders are well familiar with and which has many functionalities and additional plugins.
 

Promotions

 
Neferma offers a “no deposit bonus”. This is a bonus of $150 on the ECN swap free account. According to the conditions, a client can in theory get the bonus unlimited times, with the condition that each time s/he provides a new number of a valid credit card. Profits made from trading with the bonus can be withdrawn via bank transfer.
 

Methods of payment

 
Neferma accepts deposits via bank transfer, credit/debit cards and the online payment systems Paypal, Skrill, Neteller, Qiwi, Webmoney and Lavapay.
 

Conclusion

 
Neferma is yet another offshore broker, which in itself is a reason enough for investors to be doubtful. But there are other unusual things which suggest this could be a scam. Take, for example, the no deposit bonus. The mere fact that all a client must do in order to get it, is open an ECN swap free account and give the broker his/her credit card number is rather dubious. After all, we have all heard of brokers who withdraw funds from people's credit cards and make off with the money. 
 
Another strange thing is the broker's decision not to promote the fact that it uses MT4 as a trading platform.
 
 
Pros: Cons:
Small initial deposit Offshore broker
High leverage Unregulated
  Lures people into giving their credit card numbers
  No demo account
 
 
 

 

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Traders` reviews for Neferma

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

Pros

Cons

 

 

Very scams broker

That is scams broker,
withdrawal is impossible,
haker blows your account with your mt4 passoword, it trade VS you,
if you want your money it get not.
Carefull.

Gio64 01/26/2017

No problem with withdraw.

Hi everyone. I would like to say a few words about this broker. I tried to take their No deposit bonus, but it seemed too complicated conditions. Trading up to $5000 for a long time for me. So I decided to trade on a real account and did not find any problems here. I made a deposit of $ 200, immediately get another bonus of 200%, and traded a week without any problems. Now I was able to withdraw my 1000! And they did it during the day. Of course, at first I gave a lot of documents for verification, but it's not a problem and now everyone is doing it.
Of the minuses can say pretty big spreads on some pairs.

Rogue 01/23/2017
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