Nitro Assets Company Review – The Flaws in the Broker

Nitro Assets Company Review

With the financial markets offering countless opportunities to people for making money, it is not surprising that they see a lot of heavy traffic. Thanks to the internet, it has become easier than ever for people to engage in these markets and get a chance to achieve their financial goals. But, there are some hurdles they have to overcome first and one of them is finding a dependable and professional brokerage to open an account with. This is certainly not a piece of cake, as this Nitro Assets Company review will tell you.

Sure, you can find thousands of brokers and platforms that are ready to cater to you when you want to trade in any financial market. But, this does not mean that all of them have the capabilities of letting you make the best of the opportunities. Some companies could be lacking, but that is not the only problem. There are also companies that are shady or fraudulent and this makes it vital for you to be fully aware of the kind of broker you are opting for.

A lot of people who don’t have any experience often end up making the wrong decision and it can come back to haunt them later. In your eagerness to sign up and start trading, you should not ignore the faults and flaws in a broker because they will tell you what you are dealing with. If you make this mistake and the brokerage turns out to be a scam, you will have to suffer the consequences. Rather than relying on the claims a brokerage makes, you should do your own checks and make sure there are no flaws in the story they are trying to tell.

Using the same approach with Nitro Assets Company can turn out to be an excellent decision because it helps you see the flaws and allows you to make the right decision. Want to know what they are? Go over them below.

No regulation or licensing

The regulatory status and license of a broker is the biggest indicator of its authenticity and is often used to distinguish between legitimate and fraud platforms. After all, if a broker is truly genuine, why would it have a problem in being monitored? The problem with fraud brokerages is that they try to present themselves as legitimate when they are not. This is also what Nitro Assets Company tries to do by claiming to be based in Switzerland.

The country has a solid reputation and is often referred to as the financial capital of Europe. Plus, Swiss financial institutions are also deemed reliable. Indeed, the Swiss Financial Markets Authority (FINMA) is one of the well-respected regulatory bodies in the world. But, when you check its online register for Nitro Assets Company, you will not find the brokerage listed anywhere and this means that the broker is definitely not regulated.

Yet, you will find that Nitro Assets Company claims to have a license from the ‘Financial Commission’ and the ‘Blockchain Council’. It has also provided two licenses on its website that look downright fake because these organizations are not regulatory bodies, so a license from them does not really carry any value.

Lack of trading software

The trading software that a broker has to offer plays the biggest role in your trading experience because you have to use it for trade execution and managing your trades. It also provides the tools, charts and other features needed for making your decisions. Therefore, it is not something you can compromise on and you need to evaluate it carefully before you select a brokerage. What kind of trading software can you expect from Nitro Assets Company?

It appears that you cannot expect a trading platform at all because the webpage appears to be missing from the Nitro Assets Company’s website altogether. This means that there is a good chance that there is no functional trading software available at all. Why would you bother choosing the platform then? A good broker would offer you the MT4, or the MT5 trading platform, which are renowned as the leading software solutions in the market.

Guaranteed returns

It is a given that when you decide to engage in online trading, it is with the goal of making profits. The financial markets are renowned for offering high returns, even on a small investment, but it is also a fact that they are incredibly risky. You can also lose it all, so you have to be realistic. The markets are highly volatile and there is no way to predict what can happen. Thus, the fact that Nitro Assets Company is offering guaranteed returns should be considered a major flaw.

No one, regardless of how much experience they have, or how professional they are, can guarantee you profits in the financial markets. Yet, it appears that Nitro Assets Company can offer you a 30% return in just 4 days on an investment of $200. Bear in mind that a legitimate brokerage would never offer you such quick and risk-free returns because there is no such thing.

Most retail traders are able to generate about 15% returns and that too annually, but Nitro Assets Company is offering twice that in just 4 days and this is enough to show that you are not dealing with a genuine platform.

No refunds possible

When you are depositing funds with a broker, you want to be able to get them back, even if there is a problem. But, you will find that Nitro Assets Company makes sure you cannot do that because it only supports deposits in Bitcoin and Ethereum. Cryptocurrencies have become a favorite payment option of scam brokerages because this option does not allow a chargeback, as credit cards do, amongst other choices.

Once you deposit cryptocurrencies, your money will be gone permanently and you will not be able to get a refund.

Closing Thoughts

With such giant flaws in their offerings, you can see that Nitro Assets Company does not fit the criteria of a good or a genuine brokerage.