Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalNo licence in any jurisdiction while taking deposits of up to 20,000 dollars, and absent from all 70 firms on the SPK register in the country where it says it is registered. Not 10 because no licence number is fabricated and no regulator has warned about the domain.
Identity & transparency
9/10 · CriticalThe 14-page client agreement names no company, registration number, country, address or governing law, yet binds clients to unnamed courts; the entity in the footer matches only a UK company dissolved in 2019; and the platform it distributes belongs to an undisclosed third party.
Withdrawals & conduct
5/10 · ModerateNo pattern of refusals was established: one unspecific negative review from 2021 and nothing on other platforms. Scored at the top of the isolated-report band because the published terms themselves condition withdrawal on profit and levy up to 15% of the deposit.
Reputation
7/10 · HighSix years of operation has produced two Trustpilot reviews, none in the past year, 112 Telegram subscribers and no substantive discussion anywhere. Nothing credibly positive to credit, but no multi-platform complaint pattern or warning listing either.
Website claims
8/10 · CriticalAdvertises segregated trust accounts, insolvency protection and HSBC banking that an unlicensed firm cannot have, states it is subject to financial services regulations, presents another broker's terminal as its own platform, and shows the same copy-trading leaders with contradictory returns on one page.
Operational history
3/10 · LowBoth domains date to 9 July 2020 with continuous content and video history from early 2021, which is genuine and credited. Held back from the clean band because the operating company could not be dated on any registry, so the six-year figure is an upper bound.
Who they are
A quick desk file on the company behind the brand.
- Brand: NYX Broker (also styled NYX)
- Legal entity: NYX Markets Ltd, named only in the website footer and privacy policy. It is not named in the client agreement, and no active company registration for it could be located.
- Registered: The privacy policy states 'an international company registered in Istanbul, Turkey'. No Turkish registry record supports this, and Ltd is not a Turkish company form. The only registry record anywhere for that exact name is UK company 11086086, dissolved on 18 June 2019.
- Address: none published on the broker's own website. Its own Facebook page places it in Şişli, Istanbul; listings give a flat in the Propa Plus residence, a 38-unit residential development.
- Website: nyxbroker.com, with the client area at my.nyxbroker.com. The client agreement also names nyxmarket.com as an official company website.
- Only licence: none. No regulator, no licence number, no verification link anywhere on the site.
- Offers: leveraged forex, metals, commodities, indices and crypto CFDs on MetaTrader 5, up to 1:300, plus copy trading, PAMM-style accounts and an introducing-broker scheme. Minimum deposits of 1,000 dollars (ECN), 1,500 dollars (Copy Trade) and 20,000 dollars (Custom).
- Funding: bank transfer and cash at a 'local office' from 5,000 dollars at 6 to 8% each way, or USDT, Bitcoin, Ethereum and Solana from 100 dollars. No card or regulated payment provider.
- Not accepted: residents of the USA, the UAE and Turkey, the last being the country where the company says it is registered.
- Age claim: the footer reads 2019 to 2026 and the overview page claims a team with 'over nine years of experience'. Both domains were registered on 9 July 2020 and the earliest site content dates to January 2021.
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.
Capital Markets Board of Türkiye (SPK / CMB)
Why we reached this verdict
How the evidence adds up.
The verdict does not rest on complaints. It rests on documents the broker publishes itself, read against the Turkish regulator's own register.
- No licence exists. The Capital Markets Board of Türkiye licenses leveraged currency dealing and publishes every authorised intermediary. All 70 are joint-stock companies and none is NYX. The broker names no other regulator, offshore or onshore, on any page of its site in any of its five languages. It takes deposits of up to 20,000 dollars with no supervisor of any kind.
- The contract inverts the withdrawal right. Clause 35 states that if an account loses up to 75% of its balance the client may withdraw all or part of it 'without any restrictions', but that where the trading results in a profit the required volume is 2,000 lots per 100,000 dollars. On a 100,000 dollar deposit that is in the region of 200 million dollars of turnover, which the spread alone would consume. Losses are released; gains are held behind a requirement most clients will never clear.
- And it charges for the exit. The same clause provides that on a withdrawal request the broker takes a commission of up to 15% of the total deposit. The published schedule adds 6 to 8% on the way in and 6 to 8% on the way out for bank transfers and cash.
- There is no identified counterparty. The agreement runs to 14 pages and never names the company, a registration number, a registered office or a country. It says the contract is governed by 'the laws of the State of the Company' and that those courts have exclusive jurisdiction, without saying which State. A client cannot know who holds the money or where to sue. The anti-money-laundering page goes further, asserting that the client's 'movable or immovable properties are confiscated and distrained' and that the agreement may be cancelled 'without any noticing'.
- The fund-safety claims are not true. The page headed 'What NYX do with your money' tells clients that firms like NYX 'are required' to segregate client money, that their money sits in 'segregated client bank (independent trust) accounts at regulated banks' split across 'credit-worthy high street banks such as HSBC', and that it is 'ring-fenced and protected' if NYX becomes insolvent. An unlicensed company is subject to no client-money regime at all, so none of that protection exists. The privacy policy similarly tells clients the firm is subject to 'financial services regulations'.
- The platform belongs to another firm. In English, Persian, Russian and Spanish, the Download MT5 for Windows button serves the Mishov Markets installer from the MetaQuotes network. Mishov Markets' own site serves the identical file and describes itself as a Saint Lucia company, registration 2023-00616, with offices including Tehran, and is itself unregulated. NYX has no MetaTrader server of its own and discloses this arrangement nowhere, not on the platform page and not in the agreement.
- The corporate trail is a dead end. The entity in the footer matches no active registration. The single registry record for the name is a UK private company dissolved on 18 June 2019, more than a year before these domains existed, sitting at a Companies House default address.
- The performance figures are not real. The copy-trading page lists the same named traders twice with different results: Fu Chen at 172% in one block and 103% in the other, ARIA 2020 at 103% and then 48%. Figures that contradict themselves on one page are decoration, not a track record.
- It will not serve its own jurisdiction. The footer refuses residents of Turkey while the privacy policy says the company is registered in Istanbul. An operation that cannot lawfully offer leveraged trading at home and so sells it abroad instead is the regulatory-arbitrage pattern in its plainest form.
Weighing the six dimensions gives 74%. On that evidence we assess the risk of fraud as high. We stop short of calling it confirmed because two things are missing: no regulator anywhere has published a warning naming this domain, and we found no documented pattern of clients reporting that money was not returned.
Note on operating history: the 6.2-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Capital Markets Board of Türkiye publishes every intermediary licensed to deal in leveraged instruments. The register lists 70 firms, all joint-stock companies, and NYX appears nowhere on it, although the broker states it is registered in Istanbul and sells leveraged forex.
E2Clause 35 of the client agreement: a client whose account has lost up to 75% of its balance may withdraw all or part of it without restriction, but where the trading produces a profit the required minimum volume is 2,000 lots per 100,000 dollars deposited, and a withdrawal request carries a commission of up to 15% of the total deposit.
E3The same 14-page agreement never names the contracting company, a registration number, a registered office or a country. It says the contract is governed by the laws of the State of the Company and that those courts have exclusive jurisdiction, without ever identifying that State, so a client cannot tell who holds the money or where a claim would be brought.
E4The broker tells clients that investment firms like NYX are required to separate client money, that funds are held in segregated client bank and independent trust accounts at regulated banks, that they are split across credit-worthy high street banks such as HSBC, and that they are ring-fenced if NYX becomes insolvent. No licence exists, so no client-money regime applies and none of these protections is in force.
E5The only company registry record anywhere for the exact name NYX Markets Ltd is UK private company 11086086, incorporated 28 November 2017 and dissolved on 18 June 2019, sitting at a Companies House default address in Cardiff. It was dissolved more than a year before nyxbroker.com was registered.
E6The privacy policy states that NYX Markets Ltd is an international company registered in Istanbul, Turkey, and that the firm is subject to financial services regulations. Ltd is not a Turkish company form, no Turkish registry record supports the statement, and no regulator supervises the firm.
ModerateNYX Broker privacy policyE7The Download MT5 for Windows link on NYX's own platform pages, identical in English, Persian, Russian and Spanish, serves the branded MetaTrader 5 installer of Mishov Markets rather than any NYX terminal. NYX has no MetaTrader server of its own and names Mishov nowhere on its site or in its contract. The macOS download is routed through a URL shortener.
E8Mishov Markets' own website serves the identical installer file and describes itself as a financial brokerage company in Saint Lucia with registration number 2023-00616, listing offices in Istanbul, Dubai, Tehran and Saint Vincent and the Grenadines. It holds no forex licence either, so the platform route adds no supervision.
ModerateMishov Markets websiteE9Funding is by bank transfer or cash handed over at a local office, both from a 5,000 dollar minimum with 6 to 8% charged to deposit and 6 to 8% again to withdraw, or by USDT, Bitcoin, Ethereum and Solana. There is no card payment and no regulated payment provider, so a client has no chargeback route.
E10The anti-money-laundering page states that where the company is satisfied a client's membership, actions or capital are illegitimate, it may cancel the agreement without any noticing, cut the client off from all financial facilities, and confiscate and distrain all of the client's movable or immovable properties, with the company itself calculating the loss it will recover.
E11The copy-trading page lists the same named traders twice with conflicting results: Fu Chen at 172% growth in one panel and 103% in the other, ARIA 2020 at 103% and then 48%. Figures that contradict themselves on a single page are not a record of real performance.
ModerateNYX Broker copy trading pageE12The footer declines to serve residents of the USA, the UAE and Turkey, and the client agreement repeats the exclusion for corporate clients, while the privacy policy says the company is registered in Istanbul. The operation therefore sells leveraged trading everywhere except the jurisdiction whose regulator would license it.
E13No address is published anywhere on the broker's own website; the contact page carries only a form. The broker's own Facebook page places it in Şişli, Istanbul, and third-party listings give a flat in the Propa Plus residence, a completed 38-unit residential development, together with a Turkish mobile number.
E14Two reviews in total for this domain across six years, averaging 3.7, with none in the last twelve months: one five-star entry reading one of the best and most flexible company, and one one-star entry from January 2021 calling it a fully scam and untrusted broker located in Istanbul, with no amounts, dates or transaction detail. For a firm describing itself as institutional-grade, that is almost no verifiable client base.
E15IOSCO's network of member-regulator alerts holds 47,371 entries and none names nyxbroker.com or NYX Markets Ltd. The single entry matching the word nyx is a 2023 Spanish CNMV warning about nyxtrade.co, naming Apricus Group LLC, which is a different domain and a different company. None of it is attributed to this broker.
E16Both nyxbroker.com and nyxmarket.com were registered in the same second on 9 July 2020 on the same nameservers, the site has published content since January 2021, and the official Persian YouTube channel carries 128 videos going back about five years to 594 subscribers. The operation has run continuously for roughly six years, which argues against a short-lived shell.
The other side
The strongest case in this broker’s favour.
The case against NYX is built on documents rather than victims, and that gap needs a fair reading.
- No regulator has acted against it. IOSCO's network carries 47,371 alerts from member regulators and not one names nyxbroker.com. The only 'nyx' entry is a Spanish warning about nyxtrade.co, operated by Apricus Group LLC, an unrelated company at a different domain. We did not count it against this broker.
- It is not a short-lived shell. Both domains were registered on 9 July 2020, the site has carried content since January 2021, and the Persian YouTube channel has 128 videos going back about five years. Six years of continuous operation is not the profile of a hit-and-run site, and it is the single strongest point in the broker's favour.
- There is a real trading route. Clients are put onto a genuine MetaTrader 5 terminal, not a fabricated in-house platform. The undisclosed owner of that terminal is the problem, not the existence of it.
- Almost nobody reports losing money. Six years in, the domain carries two reviews on Trustpilot: one generic five-star and one one-star calling it a scam with no amounts, dates or detail. Nothing substantive on Reddit, the MetaQuotes community or broker complaint boards, and no user complaints on the aggregators. A systematic withdrawal-refusal operation of this age would normally leave a louder trail.
- Some disclosure is better than the norm. There is a published risk warning, a published fee schedule, and a page that explicitly denies profiting from client losses. Many unlicensed brokers publish none of that.
- Being unlicensed is not by itself deception. Hundreds of real brokers operate on thin or offshore authorisation. If the only finding were the missing licence, the right answer would be high risk rather than likely scam.
- The age claim is defensible. 'Over nine years of experience' is written about the team, not the company, and a 2019 copyright against a mid-2020 domain is too small a gap to call a misrepresentation.
What this steelman cannot explain away is clause 35. An honest brokerage does not write a term that releases money to clients who lose and withholds it from clients who win, and no explanation we could find accounts for that asymmetry.
What would change this
What we would need to see to revise the verdict.
These are the specific findings that would move the verdict, in either direction.
- Toward a lower risk: NYX appearing on the SPK register of licensed intermediaries, or on any recognised regulator's register, with the entity that actually receives client deposits named on the entry.
- Clause 35 withdrawn or rewritten so that withdrawal rights do not depend on whether the account is in profit, and the withdrawal commission of up to 15% of the deposit removed.
- The client agreement amended to name the contracting company, its registration number, its country of incorporation, its registered office and the governing law.
- Either evidence that client money genuinely sits in segregated trust accounts at the named banks, or the removal of the segregation, insolvency-protection and HSBC statements.
- Disclosure of the relationship with Mishov Markets, whose MetaTrader 5 terminal the site distributes, together with which entity holds client funds and which executes the trades.
- A verifiable corporate record for NYX Markets Ltd in Istanbul or elsewhere, showing an active company and a registered business address rather than a flat in a residential development.
- Toward a worse verdict: a regulator publishing a warning that names nyxbroker.com, or several clients independently documenting withdrawals refused, balances removed, or a demand for an extra payment before funds are released, with amounts and dates.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
SPK register of licensed intermediaries (Türkiye)
Every firm licensed to intermediate leveraged trading in Türkiye. NYX is not among the 70 listed.
NYX Broker client agreement (published by the broker)
The contract itself. Clause 35 on page 8 sets the withdrawal conditions and the commission.
NYX Broker payment methods and fees
Deposit and withdrawal commissions of 6 to 8% on bank transfer and cash, 5,000 dollar minimums.
NYX Broker statement on client money
Where the broker claims segregated trust accounts, insolvency protection and HSBC.
Companies House record for the same-named UK company
NYX MARKETS LTD, number 11086086, dissolved 18 June 2019. The only registry record for the name.
IOSCO regulator alerts, searched for this brand
No alert names nyxbroker.com. The single hit concerns a different domain and company.
Trustpilot reviews for nyxbroker.com
The full public review record for this domain: two reviews in six years.
Frequently asked questions
Quick answers about this broker’s safety.
Is NYX Broker a scam?
We assess it as a likely scam, at 74% risk. It holds no licence in any country, and its own client agreement lets a losing client withdraw freely while requiring a client in profit to trade 2,000 lots per 100,000 dollars deposited first. We have not found proof that money has been stolen, which is why the verdict is likely rather than confirmed.
Is NYX Broker a fraud?
No regulator or court has made any finding of fraud against NYX Broker. We found no enforcement action, no warning notice naming nyxbroker.com and no fraud-related court record naming the entity. On the documents it publishes itself, however, we assess the risk of fraud as high, because the withdrawal terms favour losing clients over winning ones and the client-money protections the site advertises do not exist.
Is NYX Broker regulated?
No. Across all 92 pages of its site, in five languages, it names no regulator and no licence number. The company says it is registered in Istanbul, and the Capital Markets Board of Türkiye publishes every firm licensed to offer leveraged trading there. All 70 are joint-stock companies and NYX is not one of them.
Can I withdraw my money from NYX Broker?
If your account is in profit, the published terms make it difficult. Clause 35 of the client agreement requires a minimum trading volume of 2,000 lots for every 100,000 dollars deposited before a profitable account may be withdrawn, and it adds a commission of up to 15% of the total deposit on a withdrawal request. If you have instead lost up to 75% of your balance, the same clause says you may withdraw without restriction.
Is my money safe with NYX Broker?
No. The site says client funds sit in segregated trust accounts at regulated banks including HSBC, and that they are ring-fenced if the company fails. Those protections come from financial regulation, and this company has none, so there is no rule requiring segregation, no auditor checking it and no compensation scheme behind it. Treat deposits as fully at risk.
Who owns NYX Broker?
It is unclear. The site footer and privacy policy name NYX Markets Ltd, but the 14-page client agreement never names any company, registration number, country or governing law. No active company registration matching the name could be located. The only registry record for NYX Markets Ltd is a UK company, number 11086086, dissolved on 18 June 2019.
Where is NYX Broker based?
Istanbul, Türkiye, on the available evidence. Its privacy policy says it is registered in Istanbul, its own Facebook page places it in the Şişli district, and its contact number is a Turkish mobile. The site is hosted in France. Notably, the footer refuses to serve residents of Turkey, the country where the company says it is registered.
How old is NYX Broker?
The nyxbroker.com and nyxmarket.com domains were both registered on 9 July 2020, so about six years at the time of writing, and site content and video history go back to early 2021. That figure is an upper bound, because the operating company could not be dated on any registry. The footer reads 2019 to 2026 and the overview page claims a team with over nine years of experience.
Is NYX Broker a clone of another company?
No. It does not copy another firm's name, licence number or branding, and we found no impersonation. Be aware of a separate operation called NYX Trade at nyxtrade.co, run by Apricus Group LLC, which Spain's CNMV has warned about. That is a different company and a different website, and nothing from it applies to NYX Broker.
Whose trading platform does NYX Broker actually use?
Mishov Markets'. The Download MT5 for Windows button on NYX's own platform pages, in all five languages, serves the Mishov Markets installer. Mishov Markets' own site serves the identical file and describes itself as a Saint Lucia company with offices including Tehran. It is also unregulated. NYX does not mention this relationship anywhere on its site or in its contract.
What are the deposit and withdrawal fees?
Bank transfer and cash deposits start at 5,000 dollars and carry 6 to 8% to deposit and 6 to 8% again to withdraw. USDT and other crypto start at 100 dollars with no deposit fee and 2% plus network costs to withdraw. Separately, the client agreement allows a withdrawal commission of up to 15% of the total deposit. There is no card or regulated payment provider option.
What should I check before depositing with any broker?
Find the licence number on the broker's own site, then look it up on the regulator's register yourself and confirm that the entity on the register is the same one that takes your money. Read the withdrawal clause in the client agreement before you fund the account. Check that a company name, registration number, registered address and governing law are all stated. If any of those is missing, as it is here, treat the deposit as money you may not get back.
What can I do if I have already lost money with NYX Broker?
Gather your deposit receipts, withdrawal requests and all correspondence, then report the matter to the police in your own country and to the Capital Markets Board of Türkiye, which deals with unauthorised capital-market activity connected to Türkiye. If you paid by card or bank transfer, ask your bank about a chargeback or recall straight away. Never pay an upfront fee to anyone promising to recover your funds, as that is a separate scam that targets victims a second time.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since August 30, 2026
Four input facts have moved since the last assessment.
- The broker now names no regulator anywhere on its site. A sweep of all 92 pages across its English, Persian, Arabic, Russian and Spanish versions found no licence number and no regulator, so the reference to the Turkish Capital Markets Board carried on the earlier record is no longer a claim the broker makes.
- A second official domain is now identified: nyxmarket.com, named alongside nyxbroker.com in the client agreement as a company website. It was registered in the same second as the main domain on 9 July 2020 and does not currently serve a page.
- A revised client agreement dated July 2026 is now published as a downloadable document, including the clause that conditions withdrawals on trading volume once an account is in profit.
- All four social accounts remain live, including the YouTube channel, which now has 594 subscribers and 128 videos, although the site footer no longer links to it.
The company registration remains unverified, no proof of regulation was found, and the operation is not a clone.
- October 7, 2026CurrentLikely scam74% risk
- August 30, 2026Likely scam76% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
Our advice to anyone considering or already holding an account.
- Do not deposit. No regulator supervises this operation, so there is no client-money rule, no compensation scheme and no ombudsman to appeal to if the money does not come back.
- If you hold a balance, request it now and keep records. Save the withdrawal request, every reply, and your deposit receipts. Note that the published terms allow a charge of up to 15% of your deposit on withdrawal.
- Expect the profit condition to be raised. If your account is in profit, the contract requires 2,000 lots per 100,000 dollars deposited before you may withdraw. Ask for that figure in writing and read it before trading further.
- Do not pay a fee, tax or charge to release funds beyond the published commission. A demand for a new payment before a withdrawal is released is the clearest warning sign there is.
- Avoid cash and crypto funding entirely. Cash handed over at a local office and transfers to USDT or Bitcoin addresses leave you with no chargeback and no bank to dispute with.
- If you have lost money, report it to the police in your own country and to the Capital Markets Board of Türkiye, which handles unauthorised capital-market activity aimed at or run from Türkiye. Ignore anyone who offers to recover your funds for an upfront fee, which is a second, separate scam.
- For the platform: we recommend flagging this broker and carrying a warning, on the basis of the published withdrawal terms, the false client-money statements and the absence of any licence, rather than on any proven theft.
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 October 7, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.


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