Published on April 13th, 2020 | by Sara Kane5
Nekstra review: Are We Dealing with yet another shady scheme?
Nekstra is one of the many brokerage platforms online that deal in cryptocurrencies and forex trading. It is an established platform and claims to deal in most cryptocurrencies. However, in order to find out whether they are legitimate, various aspects of the site will be analyzed.
Nekstra basically acts as a third-party broker and markets itself to people who are new to online trading. They promise to have positive trades most of the time and will connect you with an online broker that may be present anywhere in the world. However, it seems that they are operating in central Europe or Asia as most of their contact numbers are from countries located in these regions. Although some people support the site as being legitimate, there are also a lot of negative reviews, which calls for closer scrutiny of the platform. From an external point of view, it seems as if this is similar to most registered broker sites, although this cannot be verified.
Nekstra is actually a broker site that claims to have a team of brokers that will manage your transactions without causing any loss. Because online broker sites are known to scam customers, it pays to have as much contact information as you can on these sites. You can contact them via e-mail at: email@example.com.
Alternatively, they have provided contact numbers from various countries. This includes Latvia, Poland, Russia, and Kazakhstan. However, these countries have little regulations on forex brokers, so the site connects you with brokers that are unregulated. Although you have the contact information on the site, you only get the e-mail address and physical address of your individual broker, which means that there is no way to contact the broker if anything goes wrong. Everyone knows how easy it is to register a broker via a fake address, so simply providing a physical address as the contact information is not enough. The website can be found at www.nekstra.com.
Nekstra is basically an investment site that offers investment plans in different categories. Although they specialize in forex and crypto trading, they also offer what they call ‘trades’. This is a plan where you invest in exchange currencies and hope to make a profit based on the leverage that the site provides. However, this seems to be rather an unlikely strategy.
Regardless of whether you are investing in cryptocurrency or forex trading, you are presented with a minimum investment of $250. The returns will vary according to what you choose to invest in as well as the market rates. However, it is strange that a single site claims to specialize in exchange trading, Forex trading and cryptocurrencies at the same time. These three are completely different investment options and have different market rules.
Nekstra is actually based on the concept of CFDs. They are basically sites that claim to offer expert trading services in online trades. At the same time, you will be provided with your personal broker who will deal in your trades. However, it is quite strange that they do not mention any broker fees or site fees as part of their strategy.
The customer is left to wonder how exactly this site plans on making money. Nekstra also does not provide any concrete trading strategy. They claim to use leverage, even though it does not make sense when trading with cryptocurrencies or online stocks. Their strategy does not mention any clear advantages of this site, which is quite strange. Therefore, it would be fair to say that the strategy of this site is incomplete.
- Company: Nekstra
- Product: Cryptocurrency, Forex & online stocks trading platform
- Minimum investment: $250
- Services: Brokerage services
- Trading results: Unverified
- Customer Feedback: Mixed
The nekstra platform actually provides no on-site evidence of their trading results, although they do make a few claims. They do not provide any percentage on individual trades and are basically charging you for certain tools such as a calculator. However, the tools they display seem to be free tools that are easily accessible online. Another thing to note is that no external party seems to have verified these claims, so you should think twice before making a deposit.
Unfortunately, little information is available on Nekstra. It seems as if this platform is not very popular as there are no customer reviews that can be verified on this site. However, many reviews claim that it is affiliated with unregistered brokers, which is a warning sign for any investor.
If you are new to online trading, you may actually need a third party broker site like Nekstra. However, this platform does not provide concrete information regarding their trading strategy or how they plan to provide diversification. It also lacks crucial registration information and supports unregulated brokers, which makes it illegal in many countries.
Have you been considering to invest with Noble Fund? OR, have you had any experience with this company? If so, we would love to hear from you, share with us in the comments section below…
~ Trade Safely!
$250 (minimum investment)
- They promise high profitability
- The company appears to be extending sufficient support to potential customers
- Strategy not well explained
- Important company related information seems to be missing
- Minimum investment is quite high and requires great degree of risk taking
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