Discovering the Fraud: What Is NABDG?
A Shady Entity with No Real Presence
When I first encountered NABDG, I was immediately struck by the lack of transparency surrounding the company. NABDG operates under the name NABDG LTD, yet finding any concrete information about this entity proved impossible. They don’t have a physical office, and their website (https://nabdg.pro/) was only registered on April 24, 2024. The absence of any verifiable company details or physical address set off alarm bells for me.
False Regulatory Claims
NABDG claims to be regulated by the U.S. Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (MSB). However, I quickly discovered that this claim is entirely misleading. FinCEN’s primary role is to combat money laundering, and it doesn’t regulate forex or CFD trading. The truth is, NABDG does not have the necessary regulatory approvals to operate as a legitimate forex broker. This lack of proper oversight made me realize that NABDG is operating illegally, posing as a trusted financial service provider.
Unprofessional Contact Information
Another red flag I noticed was the contact information provided by NABDG. The only way to reach them is through an email address: nabdgltd@gmail.com. The fact that they use a generic Gmail account, rather than a professional company email, highlighted their lack of professionalism and further confirmed my suspicions that NABDG is not a legitimate business.
How NABDG Operates: Deceptive Practices Unveiled
Poorly Designed Website
NABDG’s website is poorly constructed, using a generic template that seems hastily thrown together. It quickly became clear to me that NABDG is part of a broader network of scam websites, all using the same template with only minor variations to the branding. This lack of originality and effort is typical of scam operations that prioritize quantity over quality, aiming to deceive as many victims as possible.
Bogus Trading Software
One of the most concerning aspects of NABDG is the proprietary trading software they offer. After doing some research, I found out that this software has been flagged by several financial watchdogs as a scam tool. The software gives NABDG the ability to manipulate account balances, making it appear as though trades are successful when, in reality, the funds are being siphoned off. Once you deposit money into their platform, it’s nearly impossible to get it back. This level of control over user accounts makes it clear that NABDG’s primary goal is to defraud its users.
Hidden Deposit and Withdrawal Methods
Unlike legitimate brokers, NABDG is extremely secretive about their deposit and withdrawal methods. They don’t provide any clear information about how to fund or withdraw from your account. This secrecy is intentional; it allows NABDG to push users toward using untraceable cryptocurrencies like USDT (Tether) for deposits. Once funds are sent this way, recovering them becomes almost impossible. This tactic is a common feature among scams that rely on the anonymity of cryptocurrency transactions to cover their tracks.
NABDG ‘s Manipulative Tactics: How They Trap Victims
False Promises of High Returns
NABDG uses the lure of high returns to attract victims. They guarantee profits that are too good to be true, playing on the hopes and emotions of unsuspecting investors. In my investigation, I found that once a victim is hooked, NABDG wastes no time in exploiting them further. They demand additional payments disguised as taxes or fees before allowing withdrawals. These so-called taxes can be as high as 20% of the invested amount, adding insult to injury as they drain the victim’s resources even further.
No Verified Employee Information
As I dug deeper, I found that there’s no information available about any employees or executives at NABDG. This complete lack of transparency is a major red flag. Legitimate companies are usually proud to showcase their leadership teams, but NABDG hides behind anonymity. This secrecy indicates that NABDG is a fictitious company, likely operated by individuals who want to remain hidden to avoid accountability.
Low Website Traffic
Another telling sign of NABDG’s fraudulent nature is the low level of traffic to their website. According to Ahrefs, their site receives fewer than 50 visits per month on average. For a company that claims to be a major player in the forex market, this lack of engagement is highly suspicious. It suggests that NABDG is not trusted by the trading community and may be on the verge of disappearing altogether, taking any remaining investor funds with them.
My Conclusion: Avoid NABDG at All Costs
After thoroughly investigating NABDG, I can confidently say that this company is a scam. They operate under false pretenses, using deceptive tactics to lure in unsuspecting victims. Their lack of regulation, unprofessional contact information, bogus trading software, and hidden deposit methods all point to one conclusion: NABDG is not a legitimate forex broker.
If you’re considering investing with NABDG, my advice is simple: don’t do it. The risks are far too high, and the likelihood of losing your investment is almost certain. Always do your due diligence before investing in any platform, and be wary of companies that operate in the shadows like NABDG .
FAQs
What is NABDG?
NABDG is a fraudulent entity posing as a forex broker, designed to defraud investors through false promises and manipulative practices.
Is NABDG regulated?
No, NABDG falsely claims to be regulated by FinCEN MSB, but it lacks the proper licenses or regulatory approval to operate as a legitimate forex broker.
Can I withdraw my money from NABDG?
Once you deposit funds with NABDG, withdrawing them becomes nearly impossible. The company manipulates account balances and imposes fake fees to prevent withdrawals.
How does NABDG attract victims?
NABDG lures victims with false promises of high returns. Once you invest, they demand additional payments disguised as taxes or fees before allowing any withdrawals.
Is NABDG a real company?
No, NABDG is not a real company. It is a fictitious entity with no verified employees or physical office, designed solely to operate as a scam.
What should I do if I’ve invested in NABDG?
If you’ve invested in NABDG, report the incident to financial authorities immediately and seek legal assistance to attempt to recover your funds.
