Nways Capital Limited runs a fake MT5 brokerage at nwayscapital.com. The owner of this company is an asian guy called KARTHICK THIRUMALAICHAMY.

The website has been around since December 2022 and the aim is to use a Contract for Difference trading platform to lure traders before stealing their money.

If you’re a victim of this broker, learn how you can protect yourself from any scam on the internet here.

Is Nways Capital a scam?

This is a deadly scam from Mauritius. The broker has no valid license as evident on this page. It offers CFDs for trading but this is because they’re using these non-transparent financial instruments to manipulate the trades of their customers thus taking their deposits.

When trading with a market maker like Nways Capital, you have to be prepared that your profit is the company’s losses and your losses are their profit.

This is why the market maker must do everything to make you lose your deposit and that’s what NWAYS Capital is doing to its customers.

5 reasons why NWAYS Capital Limited is not a legit broker

The broker is not authorized to provide financial services

This point is worth emphasizing. A broker who is not licensed will scam and cause financial damages to its victims. The financial regulators always warn investors in advance but they somehow can’t keep up with the rate that these scams show up on the internet.

But the general rule of thumb is to never trade with an unregulated broker as there is a reason why they do not want to approach the regulator for a license.

NWAYS Capital has no customer feedback

The broker expects traders to trust their platform even when there is no review or rating of their services on the internet.

A good trading and investment firm is one that has attracted ratings all over the internet. A little bit of criticism is okay but if there are no reviews at all, this could signal that the broker does not have customers and trusting them as the first client could be a big mistake.

Very poor support

The people that run Nways Capital broker are not ready to answer any questions related to their regulatory status and authenticity.

The broker has ignored all our emails and inquiries into the issue. This is a red flag. They’re also not picking our calls.

Misleading marketing material

The broker poses as an ideal Forex investment platform but the truth is that they are a scam.

Traders cannot be consistently profitable on this platform due to the nature of the financial instruments offered here.

The marketing material on the Nways Capital is misleading as traders are promised a bright financial future from trading .. yet this is not going to happen.

Nways Capital is an Offshore broker

The best brokers are found in countries like the US, Canada, Australia and UK. Any broker that claims to offer Forex CFDs outside these jurisdictions is generally considered an offshore broker.

Offshore brokers present a big risk to traders in this industry. They lack transparency and integrity. They use their offshore advantage to dodge regulators. The offshore advantage gives them a sense of safety because even regulators in those regions are never quick to act.

Conclusion of the Nways Capital limited review

These 5 factual statements make this broker suspicious and not worth trading with.

We’d like you to add your opinion or feedback if you have an experience with NwaysCapital.

This is the only way we can get the message out there concerning this illegal broker.

Thanks for reading.