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Operating status: SCAM

The British Columbia Securities Commission (BCSC) issued a warning against Nexon Groups on March 22, 2023, revealing that Nexon Groups is not registered to trade in, or advise on, securities or derivatives in BC: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/nexon-groups-limited
Nexon Groups claims to be owned and operated by Nexon Groups Limited, a company registered with the Companies House (CH) under company number 14495072. However, it should be noted that the CH is only a registrar of companies in the UK and has no legal authority to issue forex licenses and regulate forex trading activities. As per applicable rules and laws, this broker shall be authorized by the Financial Conduct Authority (FCA) to provide financial services. However, our search for this firm in FCA's registry did not yield any results. In addition, the British Columbia Securities Commission (BCSC) issued a warning against Nexon Groups, revealing that Nexon Groups is not registered to trade in, or advise on, securities or derivatives in BC.
The truth is, Nexon Groups is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
On June 7, 2023, the Financial Conduct Authority (FCA) issued a warning against Nexon Groups, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/nexon-groups
On September 25, 2023, the Ontario Securities Commission (OSC) issued a warning against Nexon Groups, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/nexon-groups
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