NBXI

NBXI is a forex and CFD broker registered in the United Kingdom, founded on 11 June 2020. The company lists its official domain as nbxifx.com and its registered address as The Zig Zag Building, 70 Victoria Street, London SW1E 6SQS.

According to regulatory records, NBXI claims to be regulated by the Financial Conduct Authority (FCA) under the name Inst Forex Execution (STP), though the status of this licence is marked as unknown. This lack of confirmed regulatory standing is a key point for traders to investigate before engaging with the broker.

NBXI offers three account tiers: Standard, Professional, and VIP. The Standard account requires a minimum deposit of ¥5,000, the Professional account ¥10,000, and the VIP account ¥50,000 (denominated in Japanese Yen). All accounts offer a maximum leverage of 1:100.

The use of Yen as the base currency for minimum deposits is unusual for a UK-registered broker and suggests a target audience in Japan or Asia. Leverage of 1:100 is moderate compared to some offshore brokers but aligns with FCA limits for retail clients (though FCA typically caps at 1:30 for major pairs; the Professional account may have higher limits).

NBXI provides trading in foreign exchange, precious metals, futures, and contracts for difference (CFDs). The specific platform(s) offered are not detailed in the available records, but typical retail brokers offer MetaTrader 4, MetaTrader 5, or proprietary platforms.

Traders should verify platform availability and execution conditions directly with the broker. The range of instruments is standard for a multi-asset CFD broker.

FXCanary's Scam Risk Score for NBXI is 39 out of 100, labelled 'Guarded'. This indicates potential red flags, most notably the uncertain status of its FCA licence. A low risk score does not necessarily imply fraud, but it signals that due diligence is essential.

Key concerns include the lack of independent user reviews, unclear regulatory verification, and the use of Asian currency denominations despite a UK registration. Traders are advised to confirm the broker's regulatory credentials directly with the FCA before depositing funds.