Introduction
NU2UTRADE is a broker firm that has been making a name for itself in the industry. As a relatively new player in the market, the company has been striving to provide a platform that is both user-friendly and efficient for traders. However, like any other company, NU2UTRADE has its strengths and weaknesses. This review aims to provide an unbiased evaluation of the firm, focusing on its services, customer support, trading platform, and overall performance.
Services Offered
Trading Options
NU2UTRADE offers a range of trading options. These include stocks, forex, commodities, indices, and cryptocurrencies. The variety of options allows traders to diversify their portfolio, which is a positive aspect of the firm. However, it is worth noting that the firm does not offer options trading, which may be a drawback for some traders.
Account Types
The firm provides different types of accounts to cater to the varying needs of traders. This includes a demo account for beginners to practice trading without risking real money. However, some users have reported that the transition from a demo account to a real account can be quite challenging due to the difference in trading conditions.
Trading Platform
NU2UTRADE uses a proprietary trading platform. While the platform is easy to use and navigate, it lacks some advanced features that more experienced traders might find useful. Additionally, the platform has been reported to have occasional glitches, which can affect trading activities.
Customer Support
Customer support is an essential aspect of any broker firm. NU2UTRADE provides customer support via email and phone. However, they do not offer live chat support, which is a common feature in most broker firms today. Some users have also reported delays in response times, which can be frustrating when immediate assistance is needed.
Regulation and Safety
One of the major concerns when choosing a broker firm is its regulation and safety measures. NU2UTRADE is not regulated by any known financial authority, which raises questions about its credibility and the safety of traders’ funds.
Conclusion
In conclusion, while NU2UTRADE offers a variety of trading options and different account types, there are several areas where it falls short. The lack of advanced features in their trading platform, the absence of live chat support, and the fact that they are not regulated by any known authority are significant concerns. If you are considering this broker firm, it is recommended to proceed with caution and ensure that you fully understand the risks involved.
I had a terrible experience with NU2UTRADE. Their customer service was unresponsive and unhelpful, making it extremely difficult to get any assistance with my account. The trading platform was also confusing and difficult to navigate, leading to unnecessary stress and frustration. I would not recommend using NU2UTRADE for your trading needs.