Score

1.58 /10
Danger

NFS

Regulated in Cyprus

Appointed Representative(AR)

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index3.05

Business Index7.51

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
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Broker Information

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Company Name

NFS Network Financial Services Ltd

Company Abbreviation

NFS

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-16
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

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NFS · Company summary
NFS Review Summary in 5 Points
Founded 1922
Registered Country/Region Cyprus
Regulation CySEC Regulated
Services Investment advice on Savings & Investments, Equities, Unit Trusts, Investment Trusts, Collectives, Offshore Collectives, Capital Investment Bonds, ETFs
Customer Support Address, phone, email, Contact us form

What is NFS?

NFS, short for Network Financial Services Ltd, is a Cyprus-based organization operating from EU and offering investment consultancy services. Its services involve in areas in Savings & Investments, Equities, Unit Trusts, Investment Trusts, Collectives, Offshore Collectives, Capital Investment Bonds, as well as ETFs. It currently operates under the stringent regulation of the Cyprus Securities and Exchange Commission (CYSEC), holding a license number 328/17.

NFS' homepage

In our upcoming article, we will present a comprehensive and well-structured evaluation of the company's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the company for a clear understanding.

Pros & Cons

Pros Cons
• Regulated by CYSEC • Limited info on accounts/trading platforms/funding methods etc.
• Diversified investment advisory services • Services only available to EU clients
• Segregated accounts

Pros:

Regulated by CYSEC: Network Financial Services Ltd operates under the oversight of the Cyprus Securities and Exchange Commission (CYSEC) which adds a layer of credibility and security to its operations.

Diversified Investment Advisory Services: NFS offers a wide range of investment advisory services across various areas such as Savings & Investments, Equities, Unit Trusts, Investment Trusts, Collectives, Offshore Collectives, Capital Investment, Bonds, and ETFs, meeting the needs of a diverse client base.

Segregated Accounts: NFS employs segregated accounts, meaning clients funds are kept separate from the company's own funds, thus providing an additional level of security to client investments.

Cons:

Limited Information: There is limited transparency concerning details like the types of accounts offered, trading platforms used and the funding methods, which can leave interested clients uncertain about specific operational aspects.

Services only available to EU clients: NFS's services are restricted to EU clients only, limiting their global reach and accessibility for potential clients outside the European Union.

Is NFS Safe or Scam?

When considering the safety of a brokerage like NFS or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: Adhering to the legal supervision of the Cyprus Securities and Exchange Commission (CYSEC), this financial corporation, licensed under NO. 328/17, acts as a testament to the trustworthiness and observance of regulatory guidelines in their trading services.

regulated by CySEC
  • User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the company's operations.

  • Security measures: NFS enforces strong security measures by maintaining segregated client bank accounts. This ensures client funds are separately held, providing an added layer of security by preventing fund mingling and maximizing client funds' protection.

In the end, choosing whether or not to engage in trading with NFS is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.

Services

NFS delivers an array of financial services from its base in Cyprus. The suite of investment advisory services stretches across numerous areas, demonstrating their diversified expertise.

They impart advice on Savings & Investments, assisting clients in building a robust financial future. They specialize in Equities, presenting comprehensive guidance on choosing the right stocks.

NFS also shares wisdom on handling Unit Trusts and Investment Trusts, which are effective collective investment schemes. Their expertise extends to advising on Collectives and Offshore Collectives, offering investment opportunities across the globe.

Additionally, through their knowledge of Capital Investment Bonds and ETFs, NFS tries best to ensure clients make informed decisions, maximizing their financial growth potential.

Services

Customer Service

NFS offers multiple customer support channels, including providing their physical address for direct inquiries, a phone number for verbal communication, email for formal solutions, and a “Contact Us” form for online correspondence.

Address: City Chambers, 2nd Floor, Vasili Vrionides Street (Corner Riga Fereou), 3095, Limassol, Cyprus.

Phone: + 357 25 817 747.

Email: enquiries@nfseurope.com.

online messaging

Conclusion

Fundamentally, NFS, or Network Financial Services Ltd, is a trusted financial firm situated in Cyprus, presenting extensive financial consultation and investment advice on Savings & Investments, Equities, Unit Trusts, Investment Trusts, Collectives, Offshore Collectives, Capital Investment, Bonds, and ETFs. Being under the regulatory oversight of CYSEC lends credibility to its operations.

However, you should still be at utmost caution, conduct thorough research, and secure the most current information directly from NFS before committing to any investment plans.

Frequently Asked Questions (FAQs)

Q 1: Is NFS regulated?
A 1: Yes. The company currently operates under CYSEC with license no. Kanto Finance Director (Gold Merchants) No. 328/17.
Q 2: At NFS, are there any regional restrictions for traders?
A 2: Yes, the brokers services are only available to residents of EU member states.
Q 3: What kind of products and services does NFS offer?
A 3: NFS offers investment advisory services to its clients in areas such as Savings & Investments, Equities, Unit Trusts, Investment Trusts, Collectives, Offshore Collectives, Capital Investment Bonds, ETFs.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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FX1581272515
more than one year
I've used NFS for years without issues. MT4 and MT5 are solid for trading indices, with competitive spreads. Deposits and withdrawals are convenient, though withdrawals take a few days. Customer service is responsive, and I have no plans to switch brokers.
I've used NFS for years without issues. MT4 and MT5 are solid for trading indices, with competitive spreads. Deposits and withdrawals are convenient, though withdrawals take a few days. Customer service is responsive, and I have no plans to switch brokers.
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2023-12-28 18:27
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