Nxpip Review: Legit Broker or Just Another Scam?

It’s been a while since we’ve come across brokers like today’s subject, Nxpip. You may ask, what makes it different from dozens of other offshore platforms and scam projects? The answer is simple: its creators didn’t even manage to properly formulate their offers to traders or present convincing advantages, nor did they come up with a somewhat plausible background story. As a result, the fake company gives itself away from the very first interaction, clearly created with one purpose — to steal money from unsuspecting clients. Are you a beginner and don’t see it yet? The materials below will help you.

Does Nxpip Show Any Risk Factors?

As we already mentioned, the broker exposes itself right from the start. It quickly becomes clear that it was created by scammers. Trading here is absolutely not an option if you don’t want to lose your funds. Still, to avoid being unfounded, let’s look at facts confirmed by official sources.

On the company’s homepage, you can easily find the claim that its operations are fully regulated. It also refers to having an official registration, pointing to the possibility of trading on one of the best platforms — MetaTrader 4. True, there are occasional mentions of MetaTrader 5, but we can write those off as sloppy typos. Additionally, the authors of the Privacy Policy refer to European data protection laws, which would indicate activity within the EU, EEA, and the UK.

Meanwhile, the risk disclosure policy mentions a legal entity called YOURT NORTH LTD, and we immediately found it in the UK register. There’s a slight problem: it was dissolved back in 2022, so we need to investigate further.

However, no actual information about any license or issuing regulator was found. Still, the footer of the site lists a UK address, which gives us grounds to assume that the firm claims to be registered and licensed in the United Kingdom. That seemed like enough data to verify.

Naturally, the first thing we did was search ‌Companies House — the UK’s official business registry — for any records. Unfortunately, the site does not disclose the company’s full legal name, so we had to look up its trading name, Nxpip. As a result, we found a profile for a single entity: THE NXPIP INC LIMITED, registration number 15967411.

At first glance, not a bad attempt — the company name was chosen carefully enough. But the owners did not expect us to analyze everything in detail, and of course, we couldn’t help but notice:

• The business activity listed — “Management consultancy activities other than financial management” (SIC 70229) — hardly matches the provision of brokerage services.
• At the time of incorporation, the company declared an impressive share capital of £100. Hardly the amount needed to run Forex/CFD trading and handle client orders worth thousands of dollars.
• The incorporation date — September 2024 — doesn’t align well with the copyright notice in the site footer dated 2022 (though we’ll get back to dates later).

We call these details “small things” for a reason. The more serious issue is the lack of an FCA license. And there is absolutely no doubt that this company is neither licensed nor regulated.

It turns out that THE NXPIP INC LIMITED is not actually the broker operating under the trading name Nxpip. The project owners simply picked a convenient company name from the registry and used it, along with the registered address found in the database, to make their virtual platform look legitimate.

Take note! While the FCA does not explicitly require brokers to publish their license number (Firm Reference Number, FRN) on their websites, its rules for regulated firms under CMCOB clearly state that companies must provide enough information for clients to easily identify them in the regulator’s register. Nxpip failed to meet this condition, which was the first sign confirming that the platform is not regulated.

The broker also struggles with dates. As we already mentioned, the website footer shows a copyright notice from 2022, but the company it asks us to recognize as the broker was incorporated only in 2024. The creators didn’t even manage to align their own timeline. Looking at the “awards” the firm claims to have received, things get even more absurd: some are dated 2018 and 2019 — an impressive achievement for a broker that didn’t yet exist.

Supporters of the project might argue that the website could have been launched long before the company was established, possibly by another entity registered in a different jurisdiction. But here comes the disappointment: the domain nxpip.com was registered only in August 2024. That means the platform has been online only since then.

What’s more, the very first nxpip.com reviews also appeared in August 2024. Within a year, just over a hundred reviews accumulated — 67 on reviews.io and 51 on Trustpilot. What stands out is the distribution: 90% and 86% of them, respectively, are positive. This level of approval looks suspiciously unrealistic. The content makes it even clearer: instead of facts, names, or figures, they contain nothing but generic praise and emotional exclamations.

In other words, we believe that most of these reviews were paid for by the project owners, who are trying to artificially build a good reputation. Our opinion is reinforced by analyses from industry portals, where experts unanimously call the firm a scam and warn traders against dealing with it. All of them point out the same fact: Nxpip has no license and operates illegally.

Take note! Even the claim that Nxpip provides clients with MetaTrader 4 is false. The website has no functioning links to download desktop or mobile versions (the existing ones lead nowhere), and the so-called web terminal is merely a TradingView widget, which has nothing to do with MT4.

Finally, there’s another alarming point: the broker encourages clients to use remote access software — AnyDesk, TeamViewer, or ScreenLeap. Links to download these programs are displayed on every page of the site, always pinned above the text. At first glance, this might seem like a convenient way for support staff to resolve issues directly on a client’s device. But in reality, once installed, this software grants full access to everything stored on the user’s computer or phone — including sensitive payment information. Needless to say, this is a perfect gift for scammers.

Let’s Break Down the Client Portal

In the broker’s client portal, things look no better than on the website. To begin with, registration requires only minimal personal details: full name, email address, phone number, and a password. As soon as the form is filled out, the user is given an account and immediate access to the client dashboard. The broker does not verify contact information, collect further personal data, conduct a questionnaire to assign retail/professional trader status, or test knowledge of high-risk instruments. This once again proves that the broker is not operating under the supervision of any reputable regulator (such as the FCA).

Moreover, although the company claims that clients must complete their profiles in the portal by providing missing details (date of birth, address, etc.), deposits and trades can be made without doing so. There is also no option to upload verification documents in the dashboard, which is a blatant violation of KYC policies that every broker in the EU, EEA, and UK is required to follow.

The firm also violates AML provisions. The only available payment methods are cryptocurrency transactions. But such operations can only be carried out after authorization as a VASP/CASP (a rule in force since 2025). As we’ve already seen, this company has not obtained such authorization from the UK regulator.

None of this is surprising. A company without registration or a license was never going to comply with regulatory requirements.

What Does the Nxpip.com Website Reveal?

The company’s official website, to be frank, is unimpressive. The designers clearly tried to make it look professional by using a dark background, segmented blocks, and contrasting fonts. Yet the result looks messy rather than solid. Perhaps this is due to the ever-present Deposit button (which, incidentally, only works properly after registering an account) or the poorly integrated links to remote access software.

The site’s structure and content are equally weak. In fact, the whole thing feels outdated, as if it belongs to the previous decade, and fails to meet the needs of today’s traders. A few examples illustrate the point:

• Look at the Trading Products section of the main menu. Categories that should describe markets are mixed with generic “How to trade…” links. This makes navigation awkward, forcing users to dig for relevant information. And if you actually click through, the content is almost worthless. How useful is it, for example, to know what percentage of the Forex market is made up of specific currency pairs? Or to see just a couple of sentences describing each market? Clearly, these pages could have been much more substantial.
• The Payments section is just as poor. Did you know that you can only deposit into the account you are logged in with, and to do so you first have to go back to the client area? Or that you won’t be able to withdraw funds without step-by-step instructions? At the same time, there is no mention of payment methods, commissions, or transaction limits. Instead, the broker provides a spread table (both floating and fixed) for currency pairs, but with a catch: the averages are from the first five months of 2014. That level of “up-to-date” information is astonishing.
• As for the Platforms section, it is dedicated entirely to MetaTrader 4 — a platform the broker’s clients will never actually have access to. MetaQuotes does not sell its software to unregistered brokers, so Nxpip has no chance of offering MT4 legitimately.

Other claims are just as empty: segregated accounts that the broker cannot possibly open, a Trading Academy that promises unlimited access but doesn’t even provide beginner tutorials, and nonexistent analytics or market news that traders would certainly need.

In short, the website deserves nothing more than an unsatisfactory grade. And that’s hardly surprising. Building a robust online presence makes sense only if a broker expects to operate for years. For a short-lived scam project like this one, which may last just a few months or at most a couple of years, investing in a solid website simply isn’t worth it.

Is the Broker Offering Fair or Risky Terms for Traders?

We did not find any contract specifications in the Trading Products section. However, on the page dedicated to account types, Nxpip does outline trading conditions in some detail.

There are three account tiers available to traders:

• Micro — minimum deposit €250, leverage up to 1:100, spreads from 1.0 pips.
• Standard — minimum deposit €2,500, maximum leverage 1:200, fixed spreads (the broker doesn’t seem to care about the actual size).
• Premium — minimum balance €10,000, leverage up to 1:500, floating spreads from 0 (it is unclear how the company plans to make money with zero trading commissions).

To be fair, the differences between the accounts go beyond these figures:

• Maximum trade volume is 5 lots for Micro, 60 for Standard, and 80 for Premium.
• The number of simultaneously open positions and pending orders is 150, 300, and 400, respectively.
• Margin Call / Stop Out levels are set at 40% / 10% for the entry-level account and 50% / 20% for the two senior accounts.

All this may look impressive at first glance, but:

• Swap rates are not specified, which means only intraday traders can realistically calculate their costs and potential profitability. For everyone else, the task is impossible.
• The leverage levels are far too high for retail clients, especially beginners. And on the Premium account with 1:500 leverage, risks become unacceptable even for experienced traders.
• We see the standard scam trick: more “attractive” conditions on accounts with larger minimum deposits, coupled with higher leverage — which only increases the chance that all invested funds will be lost.

In short, the trading conditions once again confirm what we already know: Nxpip is a scam. The broker is structured to make clients deposit more money and lose it as quickly as possible.

Technical Support Analysis of Nxpip

The project’s creators apparently did not feel the need to provide users with detailed contact information. Perhaps their thinking was: the fewer communication channels, the fewer uncomfortable questions. As a result, the Nxpip website lists only a London address and a support email, while the Contact Us page offers nothing but a feedback form and a phone number, which previously belonged to the fraudulent broker NXT Trades. This alone is enough to show that honest service is not the company’s priority.

We have already verified and demonstrated that the stated address belongs to a different business, whose name is being misused to cover up this illegal operation. Nxpip has no real office of its own.

On the positive side, at least the email test worked, meaning users technically have one functioning channel to reach company representatives.

But the absence of a genuine phone number or live chat is highly disappointing. Clients are left without real-time assistance, and relying on email replies within a reasonable timeframe is wishful thinking. If a trading account problem occurs, loss of funds becomes almost inevitable. It’s quite possible that such failures are not accidental but part of the scam’s script.

One critical point must be highlighted: under FCA rules licensed firms are required to publish their contact details and terms on their websites. This is not a recommendation but a legal obligation. Unsurprisingly, Nxpip ignores it.

There is one more fact worth noting: the company has no social media presence (or at least provides no links to such accounts). A licensed broker that cares about clients would never neglect public channels like these (we haven’t seen a single regulated firm do so). But for shady projects, this is standard practice.