NBH MARKETS

NBH MARKETS, operating under the domain nbhm.eu, is a forex and CFD broker registered in Cyprus. The company was established on April 1, 2019, and is part of the National Bullion House Group, a Dubai-based entity with a focus on precious metals. The broker markets itself as a unique offering backed by physical gold, distinguishing it from typical retail brokers.

The broker's registered address is 377, 28th Oktovriou Str., Soboh House, 3rd floor, Neapoli, 3107, Limassol, Cyprus. Its official name is NBH Markets (NBHM) LLC, formerly known as NBH Markets Ltd. The broker targets retail and professional traders, offering trading in forex, precious metals, and indices.

NBH MARKETS holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC) under authorization type Market Making (MM). However, the status of this license is marked as '—' in available records, indicating that it may not be active or that details are incomplete. CySEC is a recognized regulator within the European Union, providing a framework for investor protection, including negative balance protection and access to the Investor Compensation Fund.

Given the uncertain status of the license, traders should exercise caution and verify the current regulatory standing directly with CySEC. The absence of a clearly active license significantly reduces the safety net for clients.

NBH MARKETS offers three account tiers designed for different levels of traders. The Standard account requires a minimum deposit of $500 and provides a maximum leverage of 1:30, which is in line with ESMA retail leverage limits. The Pro account is available with a $25,000 minimum deposit, also at 1:30 leverage, and the Elite account targets high-net-worth individuals with a $50,000 minimum deposit and the same leverage cap.

All accounts share the same maximum leverage of 1:30, which is restrictive for retail clients under CySEC rules. The differentiation lies in the minimum deposit and likely additional services or features, though specific benefits for each tier are not disclosed in available records.

NBH MARKETS is a member of the larger National Bullion House Group, which is based in Dubai and has a background in precious metals. The broker claims to back its operations with physical gold, a unique proposition in the forex industry. This approach may appeal to traders seeking a tangible asset backing for their broker's solvency.

The company was originally established as NBH Markets Ltd in 2018 and later converted to a limited liability company. Its presence in Cyprus suggests it aims to operate within the EU regulatory framework, but public information beyond regulatory records is scarce. The broker's website currently shows only a 'Launching Soon' page, indicating that its online presence is still under development.

FXCanary assigns NBH MARKETS a Scam Risk Score of 37 out of 100, classified as 'Guarded'. This score reflects the broker's regulated status under CySEC, which provides a baseline of legitimacy, but is tempered by the potentially inactive license and the lack of a fully operational website. The absence of independent user reviews and limited public information further contribute to the guarded rating.

Traders considering NBH MARKETS should conduct thorough due diligence, including verifying the license status with CySEC and seeking clarity on the broker's operational history and financial backing. While the gold-backed model is intriguing, it is not a substitute for robust regulation and transparency.