Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
8/10 · CriticalSole claimed licence is a Mwali registrar authorisation that carries almost no client protection, and it could not be confirmed on the authority's published list, which stops at December 2024. No verification link is offered by the broker.
Identity & transparency
7/10 · HighEntity name, registration number and licence number are disclosed, but the registered office is the formation agent's own address and there is no phone number, no operating office, no named management and no verifiable company registry entry.
Withdrawals & conduct
3/10 · LowNo fund-integrity or service complaints found on any platform, which is the absence of the worst signal, but there are also no confirmed payouts, so working withdrawals remain untested.
Reputation
6/10 · HighNo reputation exists at all: no reviews, no forum discussion, no press and no social presence for either domain, so nothing can be assessed positively.
Website claims
5/10 · ModerateNo fabricated tier-one licences, awards or profit promises, and no inflated founding year, but a near-worthless offshore registrar authorisation is presented simply as regulation, and the Terms of Use link serves the bonus terms document instead.
Operational history
7/10 · HighMain domain registered 6 May 2026 with no archive history and no datable company, giving a track record under six months, though the broker is honest in claiming no history at all.
Who they are
A quick desk file on the company behind the brand.
- Brand: Nervexo, a CFD trading brand launched in 2026.
- Legal entity: Nervexo Ltd, registration number HY00426495, stated as an international company of Mwali (Mohéli) island.
- Registered: P.B. 1257 Bonovo Road, Fomboni, Comoros. This is the main office of Moheli Corporate Services Limited, the company-formation agent for the island, and is shared by many offshore brokers.
- Website: nervexoltd.com, registered 6 May 2026. A second domain, nervexo.com, registered 29 May 2026, carries the company email address but serves no website.
- Only licence: Mwali International Services Authority (MISA), licence BFX2026035. This is an offshore registrar authorisation, not supervision by a functioning financial regulator.
- Offers: CFDs on forex, crypto, metals, indices and shares. Around 300 instruments, leverage up to 1:400, zero commission, $250 minimum deposit, on an in-house web and mobile platform. No MetaTrader.
- Not accepted: clients in the European Economic Area, the USA, British Columbia in Canada, Iran, North Korea, Myanmar and Russia.
- Age claim: none. Nervexo does not advertise a founding year or a track record, which is to its credit.
- Contact: one email address. No telephone number and no named directors or staff are published.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Mwali International Services Authority
Why we reached this verdict
How the evidence adds up.
Nervexo is not accused of anything. It is simply a business we cannot yet check, and that is what the score reflects.
- The one licence it claims cannot be confirmed. The Mwali International Services Authority publishes a list of its authorised brokerage companies. That list carries 258 entities, the most recent dated 24 December 2024, and it contains no licences from the 2026 series at all. Nervexo's BFX2026035 is therefore outside the period the list covers. The number format matches genuine MISA numbering, so we are not saying it is invented. We are saying nobody outside the company can currently check it, and Nervexo publishes no verification link of its own.
- Even a genuine MISA licence buys a client very little. Mwali is an autonomous island registrar rather than a working supervisor, and the licence carries no compensation scheme, no enforced segregation of client money and no practical dispute route. Whether or not BFX2026035 is real changes less than most depositors assume.
- The operation is about five months old. The main domain was registered on 6 May 2026 and has no archive history. We could not date Nervexo Ltd itself because the Mwali company register is not open to public search, so the five-month figure rests on the domain alone and is an upper bound. The company may be younger than the website; it cannot usefully be older.
- There is no trace of any customer. We looked on Trustpilot for both company domains, on Reddit, on Forex Peace Army and on the main broker-rating sites. There are no complaints, which is good, but there are also no positive reviews, no payout reports and no discussion of any kind. A brokerage with real clients normally leaves some mark. We cannot tell a quiet new firm from an empty shopfront, and that uncertainty is what the 65% figure represents.
- Who runs it is not disclosed. The registered office belongs to the island's company-formation agent, not to Nervexo. There is no telephone number, no operating address anywhere in the world, no named management and no social presence. The company is transparent about its paperwork and opaque about its people.
- What we did not find matters too. No regulator warning on any list. No borrowed licence number, no impersonated brand, no shared template or tracking code tying Nervexo to a previous operation, and no predecessor brand with a history to carry over. Nothing here looks like a clone.
How the figure was reached. The evidence on its own supports about 64%, driven by unverified regulation and an undisclosed operator rather than by any misconduct. Because the track record is under three years, our rules lift the published figure to a floor of 65% and cap our confidence at medium. The adjustment reflects a young business we cannot yet verify. It is not a finding of wrongdoing, and we want to be plain about that.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Neither Nervexo Ltd nor licence BFX2026035 appears on the Mwali International Services Authority's published list of authorised brokerage companies. The list carries 258 entities, its most recent entry is dated 24 December 2024, and it contains no licences from the 2026 series, so the absence does not by itself disprove the licence.
E2The main website nervexoltd.com was registered on 6 May 2026 through GoDaddy, with an expiry one year later. The operation is roughly five months old.
E3A second domain, nervexo.com, was registered on 29 May 2026. It carries the company email address shown on the contact page but serves no website, and the company's public site and its email therefore sit on different domains.
E4There is no archived snapshot of nervexoltd.com, confirming that no earlier site or predecessor brand operated on this address.
E5Nervexo Ltd gives its registered office as P.B. 1257 Bonovo Road, Fomboni, Comoros. That is the main office of Moheli Corporate Services Limited, a company formation agent that describes itself as the exclusive licensed registered agent of the Mwali authority. The address is a formation agent's desk, not a place of business, and is shared with numerous other offshore brokers.
E6The contact page offers a single email address and the Fomboni registered office. There is no telephone number, no operating office, no named directors or staff and no social media profiles anywhere on the site.
ModerateNervexo contact pageE7A sweep of Trustpilot for both company domains, Reddit, Forex Peace Army and the main broker-rating platforms returned no complaints and no positive reviews of any kind. The brand has no public footprint whatsoever, so neither working withdrawals nor failed ones can be evidenced.
ModerateReview-platform sweep across Trustpilot, Reddit, Forex Peace Army and broker-rating sitesE8The footer states the operator is Nervexo Ltd, registered in Mwali with registration number HY00426495 and licence BFX2026035, and the site publishes no link allowing a visitor to verify that licence on the issuing authority's register.
E9No regulator warning, alert-list entry, enforcement action or fraud-related court record naming Nervexo, Nervexo Ltd, nervexoltd.com or nervexo.com was found in a sweep of warning-list sources. New operations can precede such listings, so this is reassurance rather than clearance.
ModerateRegulator warning and alert-list sweepE10The site claims no tier-one authorisation it does not hold, displays no awards, press logos, profit guarantees or celebrity endorsements, and advertises no founding year or track record. The common markers of a fabricated broker identity are all absent.
ModerateNervexo home pageE11Ten legal documents are published, including a client agreement, complaints procedure, AML policy, general fees, margin information and rollover information. Risk warnings about CFD losses are prominent, and excluded regions covering the European Economic Area, the USA, British Columbia, Iran, North Korea, Myanmar and Russia are disclosed openly.
ModerateNervexo legal documents pageE12The signup form asks only for name, email and password, with no mandatory telephone number, no countdown bonus offer and no promise of a personal account manager. The high-pressure funnel typical of a boiler-room operation is absent.
E13The document numbered as Terms of Use on the legal page in fact serves the bonus terms file, so the agreement a client accepts at signup is not the document the link promises. This is a document-control failure rather than a deceptive claim.
E14The site loads no analytics, tracking pixels or third-party scripts beyond a web font, and names no entity other than Nervexo Ltd. No shared template, tracking identifier or infrastructure links this operation to any previously exposed brand, and the brand does not imitate any regulated firm.
The other side
The strongest case in this broker’s favour.
There is a reasonable case that Nervexo is an ordinary new offshore broker, and it deserves stating properly.
- Nothing on the site is a lie we can catch. No claimed FCA or ASIC authorisation, no invented awards, no fake press logos, no guaranteed returns, no celebrity endorsement. Most fake brokers fail this test in the first minute. Nervexo passes it.
- It does not inflate its history. There is no since-2010 banner on a 2026 domain. A company willing to look new is behaving more honestly than most of the sector.
- The paperwork is unusually complete for a young offshore firm. Ten legal documents are published, including a client agreement, complaints procedure, AML policy, margin and rollover information and a fee schedule. Risk warnings are prominent rather than buried.
- The excluded-country list is consistent with its licence. Nervexo turns away the European Economic Area, the USA and British Columbia. Offshore brokers that intend to break the rules usually do the opposite and chase exactly those clients.
- The signup funnel is restrained. Name, email, password. No compulsory telephone number, no countdown bonus, no promise that an account manager will call. The high-pressure apparatus that defines a boiler room is absent.
- A registered-agent address is normal offshore. Nearly every Comoros, Seychelles and Vanuatu company uses its formation agent's address. On its own it proves nothing.
- The register's silence is the register's fault, not the broker's. The authority stopped extending its published list after 2024. A licence granted in 2026 would be missing from it whether it were genuine or not, and we have given Nervexo the benefit of that.
If the licence is genuine and the firm pays its clients, this is a small, new, weakly regulated broker and nothing worse. We simply have no way to establish either point yet.
What would change this
What we would need to see to revise the verdict.
This assessment is provisional by design. Concrete things would move it.
- Downward: the Mwali authority extending its published list of authorised brokerage companies to cover 2026 and showing Nervexo Ltd against licence BFX2026035 as active.
- Downward: Nervexo publishing a direct verification link to its own register entry, as properly licensed brokers do.
- Downward: a body of independent withdrawal confirmations from real clients, with amounts and dates, across more than one platform over a sustained period.
- Downward: disclosure of a real operating office, a working telephone number and the names of the people running the company.
- Downward, over time: simply continuing to trade and pay clients. Much of this score is youth, and youth corrects itself.
- Upward: any regulator adding Nervexo or either of its domains to a warning or alert list.
- Upward: credible reports of withdrawals being refused or stalled, accounts frozen with a balance on them, or any demand for a tax, fee or insurance payment before funds are released. That last pattern has no legitimate explanation and would change our view immediately.
- Upward: evidence that BFX2026035 belongs to a different company, or that Nervexo shares people, infrastructure or templates with a previously exposed brand.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Mwali International Services Authority: authorised brokerage companies
The authority's own published list of licensed brokerages. Nervexo Ltd does not appear on it, and the list stops at December 2024.
Moheli Corporate Services, registered agent for Mwali
The company-formation agent whose Fomboni office address Nervexo Ltd uses as its registered office.
Nervexo legal documents
The broker's own client agreement, fees, complaints procedure and company information.
Frequently asked questions
Quick answers about this broker’s safety.
Is Nervexo a scam?
We found no evidence that Nervexo is a scam. No regulator has warned about it, no client has reported losing money, and the site makes no false claims we could catch. What we could not do is confirm its only licence exists or find any trace of a real customer, and the company is about five months old. That makes it unproven rather than safe.
Is Nervexo a fraud?
No. We found no evidence of fraud at Nervexo. There is no regulator warning, no enforcement action and no fraud-related court record naming Nervexo Ltd or either of its domains. Our concern is the absence of verification, not the presence of wrongdoing.
Is Nervexo regulated?
Nervexo Ltd says it is authorised by the Mwali International Services Authority in the Comoros under licence BFX2026035. We could not confirm that licence. The authority's published list of authorised brokerage companies does not include Nervexo, and that list has not been extended past December 2024, so a 2026 licence would be missing from it either way.
What is a MISA licence actually worth?
Very little in practice. The Mwali International Services Authority is a registrar on an autonomous Comoran island rather than a working financial supervisor. There is no compensation scheme, no enforced segregation of client money and no effective complaints route. It is not comparable to authorisation from the FCA, ASIC or CySEC.
Can I withdraw my money from Nervexo?
We do not know, and that is an honest answer. We found no reports of withdrawals being refused, but we also found no confirmed payouts. Nobody has publicly tested it either way. If you trade there, withdraw a small amount early to see how the process works before depositing more.
Is my money safe with Nervexo?
Your money has no regulatory protection. A Mwali licence carries no investor compensation scheme, so if the firm fails or refuses to pay, there is no authority that will recover your funds. Treat anything you deposit as fully at risk.
Who owns Nervexo?
Nervexo Ltd is the stated operator, registration number HY00426495, based in Mwali in the Comoros. Beyond that the ownership is not disclosed. The company names no directors, no management team and no shareholders, and its registered office belongs to a company-formation agent rather than to Nervexo itself.
How old is Nervexo?
The website nervexoltd.com was registered on 6 May 2026, which makes the operation roughly five months old at the time of writing. A second domain followed on 29 May 2026. The Mwali company register is not open to public search, so we could not date the company itself. Five months is therefore an upper bound.
Is Nervexo a clone of another broker?
We found no sign of it. The brand does not imitate any regulated firm we could identify, the licence number is not registered to another company, and the website shares no template, tracking code or infrastructure with any other broker we could find. Nervexo appears to be its own operation.
Has any regulator warned about Nervexo?
No. We found no entry for Nervexo or its domains on any regulator warning or alert list. Bear in mind that warning lists lag new operations by months, so a clean sweep on a five-month-old brand carries less weight than it would for an established firm.
What does it cost to trade with Nervexo?
Nervexo advertises zero commission, a $250 minimum deposit, leverage up to 1:400 and around 300 instruments on its own web and mobile platform. Zero commission does not mean free, since the cost is built into the spread. It publishes a separate fee schedule and margin document in its legal section.
Can I use Nervexo from the UK, EU or United States?
No. Nervexo states that it does not offer services in the European Economic Area, the USA, British Columbia in Canada, Iran, North Korea, Myanmar or Russia. If a website or a salesperson offers you a Nervexo account from one of those places, that is a serious warning sign in itself.
What should I check before depositing with Nervexo?
Ask for a direct link to its entry on the Mwali register and check it yourself. Ask for a telephone number and a real office address. Test a small withdrawal before committing more. And confirm that nobody contacted you first, because unsolicited approaches about trading accounts are the single most common way people lose money.
What do I do if I deposited and cannot withdraw?
Stop sending money immediately, especially if you are asked for a tax, fee or verification payment to release your balance, which is a known advance-fee pattern with no legitimate version. Collect your receipts, transaction IDs and chat logs. Contact your bank or card issuer about a chargeback and report it to your national financial regulator and police. Do not pay anyone who promises to recover the funds for an upfront fee.
What we recommend
The practical takeaway from everything above.
Treat Nervexo as unproven rather than condemned, and size your risk accordingly.
- Do not deposit money you cannot afford to lose. That is true of all CFD trading and doubly true where the licence cannot be checked.
- If you want to try it, start with the minimum and test a withdrawal first. Deposit a small amount, trade briefly, then withdraw the balance before committing anything more. How a broker handles a small early withdrawal tells you more than any review.
- Expect no safety net. A Mwali licence carries no compensation scheme and no realistic dispute process. If the money does not come back, there is no regulator that will get it for you.
- Keep your own records. Save deposit receipts, transaction IDs, chat logs and the names of anyone who contacts you.
- Walk away from any request for an extra payment to release a withdrawal. Tax, insurance, clearance, verification fees: there is no honest version of that request. Stop paying and report it.
- Prefer a supervised broker if you have the choice. A firm authorised in the UK, Australia, Cyprus or another mainstream jurisdiction gives you segregated funds and a complaints route that actually works.
- If you have already lost money, report it to your national financial regulator and to your bank or card issuer straight away, and ignore anyone who offers to recover it for an upfront fee.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 30, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.