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Nelson Financial Solutions Limited Review | A Reputable CFD Broker or Scam?

by Kevin Berry
Rating: 
  0/5   Reviews: 0
Nelson Finanancial Solutions - logo

Nelson Financial Solutions Limited attempts to portray itself as a reputable CFD broker with eight years of experience in the market. However, we believe it is yet another scam project, and its claims of excellent trading conditions and customer service are nothing more than tales. We have substantial reasons to support this belief. Read on in the review for more information about the company.

Highlights

🏛️ Country UK
⚠️ Regulation
🖥️ Website
  • https://nelsonfinsolutions.vip/
  • https://nelsonfinsolutions.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit £100
⚖️ Minimum and Maximum Leverage 1:2-1:100
⚙️ Trading Platform WebTrader
📨 E-mail e-mail support@nelsonfinsolutions.net
📞 Phone +442086383770

First Impression of Nelsonfinancialsolutions.com

For those who want a good laugh, we strongly recommend visiting the official website of Nelson Financial Solutions Limited. Perhaps they attempted to make it resemble the information resource of a reputable broker, but something went wrong. It all starts with the banner on the homepage. The company declares, “If you want to have what you’ve never had, you have to do what you’ve never done.” We could come up with over a hundred pairs of “want-do” in just 15 minutes. For example, if we want a private jet (something we’ve never had), we start banging our head against the wall (honestly, we’ve never tried that before). We haven’t dared to test if it works, but we assume the developers of Nelson Financial Solutions Limited know better.

However, “falling in love” with this website is not just about the main banner. Here, for example, are some other highlights:

  • “Liquid trading platform,” meaning a platform that can be quickly sold. Or what? We’re not sure how that helps traders, but it looks impressive.
  • “Webtrader – the most popular in the world.” We pondered whether this was advertising or a call to action from Nelson Financial Solutions Limited.
  • Only two languages on the language panel – Russian and English.

Perhaps that’s enough, although we could go on for much longer.

Nelson Finanancial Solutions - website

Partnership and Bonuses

At Nelson Financial Solutions Limited, there are loyalty bonuses available on different types of accounts. Of course, the higher the deposit, the higher the bonuses. Clients can receive a maximum bonus of up to 30%. However, let’s discuss why bonuses can be disadvantageous.

  1. Trading Restrictions. Nelson Financial Solutions Limited may impose stringent trading conditions and restrictions on bonus funds. Traders may be required to achieve a certain trading volume before being able to withdraw profits or even their own deposited funds.
  2. Limited Account Freedom. Accepting a bonus may bind traders to certain account terms and conditions, restricting their ability to make independent decisions about their trading strategies and goals. Traders may find themselves locked into specific trades or positions to meet Nelson Financial Solutions Limited bonus requirements, which can negatively impact their trading outcomes.
  3. Increased Risk-Taking. The allure of bonuses can tempt traders to take higher risks with their investments in an attempt to meet bonus requirements within a limited time frame. This heightened risk-taking behavior can lead to substantial losses.
  4. Withdrawal Challenges. Bonus funds are often subject to complex withdrawal procedures. Traders may face difficulties and delays when attempting to withdraw their funds, particularly bonus-related profits. Nelson Financial Solutions Limited may impose additional requirements or request extensive documentation, creating obstacles for traders seeking to access their funds.

Besides, in the registration form, there is a dedicated field for a referral code, which hints at the broker having a partnership program. However, surprisingly, there is no detailed description of this program available.

Account Opening on Nelsonfinsolutions.com

Alright, at least coming up with something ridiculous in the registration form is challenging. That’s why it looks fairly normal, although potential clients of Nelson Financial Solutions Limited will still have to demonstrate their intellectual abilities and compare the offered types of accounts and profiles with those described on the website. Spoiler: they don’t match.

However, the specialists at Nelson Financial Solutions Limited have not only missed that. They attempted to protect themselves from bots by using a CAPTCHA but neglected to use verification of the email or phone number at this stage. It’s a highly questionable approach to security.

Register

The same can be said about the Client Portal. Transitioning from it to the trading platform is done directly, without additional authentication with a separate login and password. It’s another security loophole that will undoubtedly be exploited by malicious actors. Nonetheless, the client workspace of Nelson Financial Solutions Limited is fairly functional in other aspects.

Nelson Finanancial Solutions - Client Portal

Verification

Moving on, Nelson Financial Solutions Limited imposes a significant documentation requirement on its clients. Initially, you may only need to submit proof of identity and residence, which can be conveniently uploaded as color copies through your personal account. However, when it comes to withdrawals, you will encounter the need to complete the Declaration of Deposit form for each transaction. Furthermore, there is a separate application form specifically for bank transfers. This form must be printed, filled out, scanned, and then uploaded back to the Nelson Financial Solutions Limited Client Portal, adding an extra layer of complexity and inconvenience for clients.

Pros
  • Convenient uploading form.
Cons
  • The broker requires quite a lot of documents.

Trading Software

The Nelson Financial Solutions Limited trading platform provided is rather underwhelming, as it offers a standard web-based trading interface that fails to meet the high expectations set by the broker’s promises of exceptional software. In practice, the platform lacks the advanced features and robust functionality that would set it apart from the multitude of brokers who offer similar platforms. Moreover, it is disheartening to note that Nelson Financial Solutions Limited did not prioritize the development of a dedicated desktop version, which further restricts the trading experience for users. As a result, traders may find themselves limited in terms of tools, customization options, and overall performance compared to more innovative and versatile trading platforms available in the market.

WebTrader

Features Nelson Financial Solutions Limited Legends Financial Company  WiseCryptoCapital
Demo Account
Mobile App
Own Development

How Can I Trade With Nelson Financial Solutions Limited?

Nelson Financial Solutions Limited, a CFD and Forex broker, promotes itself as offering favorable trading conditions. However, our assessment strongly challenges this claim.

All Info About Accounts

Regarding the available account types, Nelson Financial Solutions Limited presents four options, where the Beginner account stands out with its low minimum deposit requirement of only 100 pounds. Unfortunately, opting for this account means facing significant limitations in terms of trading instruments and being subject to high commissions, rendering profitable trading nearly impossible.

To access a broader range of trading instruments, clients of Nelson Financial Solutions Limited are expected to deposit a substantial amount of 10,000 pounds for what the broker vaguely refers to as “basic assets.” However, to unlock full access to all trading instruments, a Business account is required, demanding a minimum deposit of at least 50,000 dollars.

Interestingly, this account type includes additional services such as trading signals and bonuses, which are often prohibited by reputable regulators. This raises concerns that Nelson Financial Solutions Limited prioritizes maximizing its own profits over providing a fair and secure trading environment for its clients.

Pros
  • Low minimum deposit.
Cons
  • Limited trading assets on basic accounts.
  • Dubious additional services.

Market Analysis and Education With Nelsonfinsolutions.com

Nelson Financial Solutions Limited offers supplementary services like trade signals and analyst reports, aiming to provide added value to its clients. However, it’s important to note that these services are exclusively accessible in premium account types, which require a significant investment from traders.

By offering these services exclusively to premium account holders, Nelson Financial Solutions Limited creates a distinction between clients based on their deposits. This approach may limit the access of traders with lower account balances to valuable insights and market analysis, putting them at a potential disadvantage compared to those with more resources.

Deposit, Withdrawal, and Fees

Nelson Financial Solutions Limited offers a range of deposit methods, including Visa/MasterCard and bank transfers. However, the process of funding your account with this broker takes an unconventional twist. Instead of a simple online transaction like you’d expect with other brokers, here you’ll encounter an unexpected detour.

Once you specify the deposit amount, brace yourself for a surprise. Instead of proceeding directly to the payment, a manager will suddenly enter the scene. It’s a bit like encountering a mysterious gatekeeper before entering a secret club. You might find yourself scratching your head, wondering why this additional step is necessary. Perhaps Nelson Financial Solutions Limited wants to ensure a personal touch or share some trading wisdom with you. Or maybe they just want to chat about your favorite pies before you make a deposit.

However, be aware that this unexpected encounter might come with some unintended consequences. As the Nelson Financial Solutions Limited manager engages in conversation, there’s a chance they’ll start flexing their persuasion muscles, attempting to convince you to deposit a larger amount.

Features Nelson Financial Solutions Limited IronGatesFX  Tradercr
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

Nelson Financial Solutions Limited provides various contact options, including a phone number, email address, and physical address. However, upon closer examination, we discovered a discrepancy that raised some red flags. The address provided by the broker does not align with the official company profile or information available from reputable sources. This inconsistency casts doubt on the authenticity of the address and raises concerns about the broker’s credibility.

Pros
  • Full contacts.
Cons
  • Fake address.

Is Nelson Financial Solutions Limited Dangerous?

In summary, the website of Nelson Financial Solutions Limited left an indelible impression on us. We believe that what has already been mentioned is sufficient to understand the level of this “broker” and its true intentions. However, we deemed it necessary to confirm this with company information.

How Long Does The Broker Work?

8 years of experience.” That’s what is stated on the homepage about the “broker’s” age. Even on the “About Us” page, they mention starting in 2014. However, the Whois service disagrees. It claims that both the creation and major actions with the domain were performed on March 27, 2023. In other words, the website hasn’t even been operational for six months yet. This means that the claims of “8 years of experience” and “23,000 orders per day” are nothing more than tales concocted by Nelson Financial Solutions Limited to deceive unsuspecting newcomers. This further exposes the lack of “fairness and transparency.

Domain info

How Is Nelson Financial Solutions Limited Regulated?

On the “About Us” page, the owners of Nelson Financial Solutions Limited stated that they launched their brokerage services in response to the demand for fair and transparent trading conditions. We decided to put their claim of “fairness and transparency” to the test.

Firstly, the company, whose registration number is provided on the website, does indeed exist in the British registry. However, the activities of Nelson Financial Solutions Limited are limited to “other financial services,” which have no relevance to brokerage.

Secondly, all registered brokers operating in local and international markets are licensed by the local regulator, the FCA (a must-have requirement without exceptions). However, when searching the FCA registry only three records were found, none of which were related to Nelson Financial Solutions Limited.

License check

The conclusion is clear. This “broker” is operating illegally at the very least. Considering the strict approach to such matters in the United Kingdom, we are confident that the Nelson Financial Solutions Limited scam project is simply masquerading as an existing company. Where is the promised “fairness and transparency”?

Features Nelson Financial Solutions Limited Clark Financial  Imperial Wealth International
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Nelson Financial Solutions Limited?

You need to start by registering an account on their website. Once registered, you should complete a verification process. After the verification is complete, you can proceed to fund your trading account and start executing trades.

Is Nelson Financial Solutions Limited Legit?

No, Nelson Financial Solutions Limited is not a legitimate company. It operates without proper regulation and attempts to present itself as a genuine legal entity. However, upon investigation, it becomes clear that the company is not regulated by any reputable financial authority.

How Risky Is It?

Trading or investing with Nelson Financial Solutions Limited is extremely risky. As a scam operation, the risks involved are substantial and should not be underestimated.
Kevin Berry
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Expert Opinion

Here’s a little tidbit for you. Nelson Financial Solutions Limited is just one of many sites in the scamming universe. Its siblings include Legends Financial Company, Mysteel UK Limited, and a whole bunch of others. These guys sure know how to multiply their deceitful operations! It’s like a scam franchise on steroids.
They create multiple websites with different names but essentially follow the same playbook. It’s like playing a game of whack-a-mole, except the moles keep popping up with different hats and mustaches.
So, if you stumble upon any of these scam-laden websites, including our friends at Nelson Financial Solutions Limited, don’t let them lure you into their web of deception.

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