1niro – Authentic or Fake?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
1niro - DO NOT TRADE WITH THIS PROVIDER
2.5/10
$100
Minimum Depositupdated 2021
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://www.1niro.com
Founded: 2020
Regulations: N/A
Languages: English, Polish, Russian
Deposit Methods: Credit Card, Debit Card
Minimum Deposit: $250
Free Demo Account: N/A
Number of Assets: 5
Types of Assets: Stocks, Forex, Commodities, Indices, Cryptocurrencies
1NIRO is a well-known financial services company that offers a variety of investment products, including Online Trading and Foreign Exchange (FX). Their high-tech trading platform, they claim, allows clients all over the world to invest in over 1,000 world-class assets, such as currencies, stocks, commodities, and indices.
“In order to safeguard your security and privacy at all times, we employ the same degree of encryption technology as worldwide banks and large online merchants. Your trading funds are always kept separate from the rest of your money in segregated bank accounts, and we never disclose your information with any other agency or third party. We have a policy of no hidden costs, and our deposit and withdrawal processes are quick, easy, and supported by a variety of payment ways.”
Read on to see whether or not what 1niro claims is true.
Trading Accounts and Conditions
The account types are as follows: Simple, Smart Start, Complete Package, Gold, Platinum, VIP. Which require deposits of 250 USD, 1,000 USD, 2,500 USD, 5,000 USD, 15,000 USD. The VIP account doesn’t even bother to mention how much its deposit is since it is only for “elite” members”.
1NIRO is far from legitimate. Regardless of what they claim in their presentation, they are not regulated anywhere, and their website bears all the hallmarks of fraud. Aside from that, 1NIRO claims that it is regulated, but this is just not the case. They claim to be “a licensed online broker that is regulated by The International Financial Services Commission with authorization IFSC/XX/1NIRO/XX/XX” in the website’s Frequently Asked Questions section.
To make their fraud appear more credible, the crooks behind 1NIRO have obviously left out a license number. In any event, as previously stated, 1NIRO is unregulated in any jurisdiction, and its alleged offshore location in St. Vincent and the Grenadines does not lend credibility to the company. Xvector LTD, on the other hand, is believed to be the corporation that owns and runs 1NIRO. All of this is to say that we are dealing with blatant fraud, therefore avoid dealing with unregulated, offshore websites like 1NIRO entirely if you want to avoid being scammed.
1niro – Advantages
There is no such thing as “advantage” when it comes to using 1niro. You’re losing your money, looking like a fool, and believing in a lie all at once. We recommend looking for another forex broker that you and everyone else can trust. Steer clear from 1niro.
1niro – Disadvantages
Withdrawal and Deposit Methods Aren’t Believable
Clients can invest using the following payment options, according to the user area: credit cards and debit cards. There are no additional payment options, and everything the website claims is false. That is the amount of a minimum deposit that we must collect from the website, which is $250; this is the most typical minimum deposit amount.
Even though we realize it may be absolutely worthless, withdrawal information will have to be collected from the website. The minimum withdrawal amount is €75, and the withdrawal process takes 5 days. Withdrawing money incurs a 3.5 percent charge. If the percentage is less than $50, the charge will be set at $50.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
Trading Software Is Clearly Fake
The trading program is tough to comprehend, as we mentioned before because we don’t know if the broker has its own liquidity pool. The reason for this skepticism is that the trading program uses a third-party chart, which means that the trading circumstances may not be those supplied by the broker.
This isn’t the first time we’ve seen anything like this, and it won’t be the last, but it’s worth highlighting. Even with a web trader, the broker will not be able to redeem itself. This trading program isn’t really exciting. It’s a popular trader among shady brokers.
Once You Invest You Won’t Get Your Money Back
There is no reason to believe that this broker is regulated, and based on our findings, 1niro has no future. The most important thing we learned is that the broker may be entirely anonymous because no information about a license can be obtained. Yes, there is a contact address in St Vincent and the Grenadines, but because this nation lacks a forex regulation and is notoriously unscrupulous, we cannot put our faith in it.
There is no information about jurisdiction or a license in the terms and conditions. As a result, we came to the conclusion that 1niro is both anonymous and extremely unsafe. As a result, 1niro is unregulated. In terms of its status as an anonymous broker, all we can say is that these firms are possibly the most hazardous of all since they are untraceable, which means that if you put money in them, your money will become untraceable as well. So, if you value your money, avoid investing here.
Conclusion
1niro is unquestionably among the most unregulated brokers we’ve seen. This is your standard unregulated brokerage business. Nothing we’ll talk about here is exclusive to this broker. It makes little attempt to disguise its criminal character, and it appears that it is unaware that it is so readily discovered to be uncontrolled. Please read the review before investing anything since we are confident that you will be disappointed with every decision you make here.
The account creation process was a pretty typical procedure among unlicensed brokers. We can’t tell you how many brokers we’ve looked at that employ the identical account creation procedure. The user area, on the other hand, was brand new to us and appeared to be rather distinctive, despite the fact that it was all focused on a web trader.
If you want to save your money from being gone forever with no almost no way of getting it back, stay away from 1niro.
1niro
Pros
- None
Cons
- Withdrawal and Deposit Methods Aren’t Believable
- Trading Software is Clearly Fake
- Once You Invest You Won’t Get Your Money Back
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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