CYSEC — Cyprus
MOUNT NICO CORP LTD
Regulated · No. 226/14
NICOFX Review — Overview
Regulation
Tier-2 regulated
Licence
CYSEC · No. 226/14
Licence status
Regulated
Platforms
MT4 Margin WebTrader
Min. deposit
$100
Max. leverage
1:30
Instruments
Precious metals (gold, silver, platinum, palladium)
Typical spread
Variable spreads based on market conditions
Operating
Est. 2013
Entity
MOUNT NICO CORP LTD
Website
Unknown
NICOFX is a forex & CFD broker based in Cyprus, established in 2013. On Trust Broker Hub it holds a Trust Score of 5.0 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
NICOFX's licence comes from an offshore jurisdiction (CYSEC). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
NICOFX provides access to Precious metals (gold, silver, platinum, palladium). Published conditions include a minimum deposit of $100 and leverage up to 1:30. No complaints are currently on record. Overall, NICOFX has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
NICOFX currently scores 5.0/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a CYSEC licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Always verify the licence directly before depositing
Regulation
Tier 2 · Mid
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Precious metals (gold, silver, platinum, palladium), Forex currency pairs |
| Minimum deposit | $100 |
| Maximum leverage | 1:30 |
| Typical spread | Variable spreads based on market conditions |
| Platforms | MT4 Margin WebTrader |
| Demo account | ❌ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on NICOFX
Our analysis · editorial
5.0/10
A mixed risk profile
NICOFX is regulated under a mid-tier authority (CYSEC). Based in Cyprus, it has been operating for about 13 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 5.0/10 — a mixed profile.
Strengths
- Holds a recognised mid-tier licence (CYSEC)
- Long 13-year operating track record
- No complaints on record with us
- Supports MT4 Margin WebTrader trading
- Accessible minimum deposit ($100)
Watch-outs
- Always confirm the licensed entity covers traders in your country
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
NICOFX — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag NICOFX here if that changes.
Full specifications
Regulated region
Cyprus
Operating period
10-15 years
Licensed entity
MOUNT NICO CORP LTD
License status
Regulated
Instruments
Precious metals (gold, silver, platinum, palladium), Forex currency pairs
Year founded
2013
Frequently asked
Is NICOFX a safe broker?
NICOFX scores 5.0 / 10 on our Trust Score, above the 3.3 industry average. It is only offshore-regulated, which means weaker protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the NICOFX trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from NICOFX?
NICOFX publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.