Nurp Review - VerifyAlgo Safety Score: 12.8/100

Safety Score Breakdown

• U.S. Regulated Brokers Only: 0/20 ❌

• U.S. Regulated Markets Only: 0/20 ❌

• Reputation Score (Trustpilot): 7.6/10 ⭐⭐⭐⭐

• Dangerous Strategies (Low Score = Bad, High Score = Good): 0/20 ❌

• Drawdown History (Low Score = Bad, High Score = Good): 0/20 ❌

• Performance Transparency: 5/10 ⚠️

Total Score: 12.8/100

Risk Assessment: Does not meet VerifyAlgo safety standards

Recommendation: Nurp does not meet VerifyAlgo's safety criteria across multiple categories. The service commonly uses OX Securities (which appears on the CFTC RED List), operates in unregulated forex and gold CFD markets, has employed both Martingale strategies (FED bot) and grid trading, has documented multiple complete account blowups (July 2024 and 2025 gold system events), and provides single-account performance tracking through MyFXBook/FXBlue. The service receives average client feedback (3.8/5.0 Trustpilot) and demonstrates effort in product diversification. Prospective clients should carefully evaluate these factors.

Executive Summary

Nurp (nurp.com) provides algorithmic trading services for forex and gold CFD markets, offering multiple strategies and products. According to the company's Trustpilot profile, they have a rating of 3.8/5.0. VerifyAlgo's analysis finds that Nurp does not meet safety standards across multiple criteria: the service commonly uses OX Securities (a broker appearing on the CFTC RED List), operates in unregulated forex and gold CFD markets, has employed both Martingale strategies (FED bot) and grid trading approaches, has documented multiple complete account blowups (July 2024 event and 2025 gold system event), and provides single-account performance tracking through FXBlue/MyFXBook. The company demonstrates effort in offering diversified products, though live historical performance of newer systems is unclear. With a score of 12.8/100, Nurp shows product development initiative but does not meet fundamental structural safety criteria.

Detailed Score Breakdown

1. U.S. Regulated Brokers Only: 0/20 Points ❌

VerifyAlgo Criterion: Services must exclusively use U.S. NFA/CFTC regulated brokers.

Finding: Nurp commonly uses OX Securities, which appears on the CFTC RED List.

Documentation: According to available information, Nurp is known to refer clients to OX Securities for broker services.

CFTC RED List - Educational Context:

The CFTC maintains a Registration Deficient (RED) List. According to the CFTC:

"The Registration Deficient List, also called the RED List, contains names of foreign entities that appear to be acting in a capacity that requires registration with the CFTC, but they are NOT registered with the CFTC."

The CFTC states:

"The inclusion of an entity's name on the RED List does not mean that the CFTC or a court has concluded that a violation of any provision of the Commodity Exchange Act or the Commission's Regulations has occurred. However, you should be cautious of unregistered firms or individuals when participating in products or markets that historically have seen a large number of fraud complaints — these include binary options, forex, digital currencies, commodity pools, and precious metals."

OX Securities Status:

OX Securities appears on the CFTC RED List.

Educational context - U.S. regulated vs. unregistered brokers:

U.S. NFA/CFTC registered brokers provide:

• Regulatory oversight and compliance requirements

• Mandatory minimum capital requirements

• Segregated client funds

• Regular financial reporting and audits

• Regulatory recourse through NFA arbitration

Unregistered brokers like those on the CFTC RED List:

• Operate without CFTC registration

• May have different client fund protection structures

• May provide different legal recourse options

• CFTC advises caution when using such entities for forex and precious metals trading

Score rationale: Nurp commonly uses OX Securities, which appears on the CFTC RED List. Zero points awarded in this category.

2. U.S. Regulated Markets Only: 0/20 Points ❌

VerifyAlgo Criterion: Services must operate exclusively in U.S. regulated markets with centralized clearing.

Finding: Nurp operates in unregulated forex spot and gold CFD markets.

Documentation: According to available information, Nurp trades currency pairs as CFDs and gold as a CFD.

Regulated Alternatives Context:

CME Group offers centrally cleared, CFTC-regulated futures for both currencies and gold.

Currency Futures:

According to CME Group's FX Product Guide (https://www.cmegroup.com/markets/fx/fx-product-guide.html#micros-minis), regulated currency futures include:

• Major currency pairs (EUR/USD, GBP/USD, USD/JPY, etc.)

• Micro and mini contract sizes

• E-mini FX futures

• Standard, E-mini, and Micro contracts

Gold Futures:

CME Group also offers regulated gold futures:

• COMEX Gold futures (standard contracts)

• Micro Gold futures (smaller contract sizes)

• E-mini Gold futures

These regulated futures provide:

• Centralized clearing through CME Clearing

• CFTC oversight

• Transparent centralized pricing

• Standardized contracts

• Daily settlement

• Position limits

• Access through NFA-registered brokers

Educational context - CFDs vs. CME futures:

CFD (Contract for Difference) markets:

• No centralized clearinghouse

• Broker acts as counterparty to client trades

• Pricing set by individual brokers

• Regulatory oversight varies by jurisdiction

• Different execution structures

CME futures:

• Centralized CME Clearing

• Exchange clearing

• Centralized transparent pricing

• CFTC regulatory oversight

• Standardized specifications

• Traded through U.S. NFA/CFTC registered brokers

Score rationale: Regulated currency and gold futures on CME provide access to these markets with centralized clearing and CFTC oversight. Nurp operates in unregulated CFD markets. Zero points awarded in this category.

3. Reputation Score: 7.6/10 Points ⭐⭐⭐⭐

Trustpilot Rating: 3.8/5.0

VerifyAlgo Reputation Score: 7.6/10 (Trustpilot rating × 2)

Client feedback themes:

Based on Trustpilot reviews, feedback includes:

• Customer service experiences

• System performance across different products

• Account loss experiences

• Product diversification efforts

July 2024 event:

Multiple Trustpilot reviews document account losses in July 2024. According to client testimony:

• Many users experienced total account losses

• Some users intervened manually to save accounts by liquidating positions themselves

• The event affected multiple clients

2025 gold system event:

Trustpilot reviews document a severe rapid drawdown event in 2025 with the gold trading system.

Product diversification:

Reviews note that Nurp offers multiple strategies and products, representing effort toward diversification.

Educational context:

A 3.8/5.0 Trustpilot rating represents average client satisfaction. This rating reflects mixed client experiences, with some positive feedback alongside documented concerns.

Score rationale: The Trustpilot rating of 3.8/5.0 converts to 7.6/10 using VerifyAlgo's scoring methodology (Trustpilot score × 2).

4. Dangerous Strategies (Low Score = Bad, High Score = Good): 0/20 Points ❌

VerifyAlgo Criterion: Services must not use Martingale, grid trading, or similar unlimited-risk strategies.

Finding: Nurp is known to have employed both Martingale strategies (FED bot) and grid trading strategies.

Documentation: According to available information:

• Nurp previously operated a Martingale strategy known as the FED bot

• Nurp is known for grid trading strategies

• The service trades currency pairs as CFDs and gold as a CFD

Educational context - Martingale strategies:

Martingale strategies involve:

• Increasing position sizes after losses

• Attempting to recover prior losses with subsequent trades

• Continued position size increases during adverse movements

• Can result in large accumulated positions

• Can result in large losses during extended adverse movements

The FED bot:

According to available information, Nurp operated a Martingale strategy called the FED bot. The current operational status of this specific product should be confirmed with the company.

Educational context - Grid trading strategies:

Grid trading strategies involve:

• Opening multiple positions at predetermined price intervals

• Adding positions as price moves in either direction

• Creating a "grid" of positions at various price levels

• Can accumulate many open positions during trending markets

• Can result in large losses during sustained directional moves

Why these strategies carry risk:

Both Martingale and grid trading:

• Show consistent small gains during ranging or favorable conditions

• Experience large losses during trending or adverse conditions

• Can accumulate positions beyond account margin capacity

• Have characteristics that can result in large drawdowns

• Can result in account losses during certain market conditions

The July 2024 events:

The documented July 2024 account losses are consistent with the behavior patterns of Martingale or grid strategies when encountering certain market conditions.

Score rationale: Nurp has employed both Martingale strategies (FED bot) and grid trading strategies. Zero points awarded in this category.

5. Drawdown History (Low Score = Bad, High Score = Good): 0/20 Points ❌

VerifyAlgo Criterion: No documented complete account losses.

Finding: Multiple documented complete account losses in July 2024 and a severe rapid drawdown event in 2025 with the gold system.

Documentation: According to Trustpilot reviews:

• July 2024: Many users experienced total account losses

• July 2024: Some users intervened manually to save accounts by liquidating positions themselves

• 2025: Severe rapid drawdown event occurred with the gold trading system

The July 2024 event:

Client testimony indicates:

• Multiple clients experienced complete account losses

• The event affected many users

• Some clients were able to intervene manually by closing positions themselves

• Those who intervened manually were able to save their accounts from complete loss

Educational context:

When multiple clients experience account losses simultaneously:

• Indicates specific market conditions affected the strategy

• Pattern consistent with Martingale or grid strategy behavior during certain conditions

• Those who manually intervened were able to prevent total loss

The 2025 gold system event:

A severe rapid drawdown event occurred in 2025 with the gold trading system. The specific outcomes should be confirmed, but the event is documented as severe.

Multiple products, multiple events:

The documented losses and severe drawdowns have occurred across different products:

• July 2024 event (affecting multiple users)

• 2025 gold system event

This indicates risk management considerations across different trading systems offered by the company.

Score rationale: Multiple documented complete account losses in July 2024 and severe rapid drawdown event in 2025 with gold system. Zero points awarded in this category.

6. Performance Transparency: 5/10 Points ⚠️

VerifyAlgo Criterion: Third-party verified performance through platforms like MyFXBook or model account methodology showing representative client results.

Finding: Nurp provides FXBlue and MyFXBook tracking for individual accounts.

Documentation: According to available information:

• Advertised performance is from MyFXBook

• Tracks individual accounts

• May or may not be representative of similar fills experienced by customers

• Nurp has offered many new products and systems

• Live historical performance of newer systems is unclear; few live account tracking links or customer performance reported

Positive element - third-party verification:

FXBlue and MyFXBook provide third-party verification, which offers:

• Independent data confirmation

• Prevention of manual result manipulation

• Real-time trade tracking

• Auditable historical data

This represents a transparency effort.

Critical Context: Balance vs. Equity Reporting

Important context about MyFXBook for forex and CFD services:

MyFXBook and FXBlue typically report based on balance (closed, realized trades) rather than equity (current account value including unrealized positions).

Why this distinction matters:

Balance:

• Shows closed, realized trades only

• Reflects profits/losses from positions that have been closed

• Does not include open positions

• MyFXBook typically reports balance

Equity:

• Shows current account value

• Includes unrealized gains/losses from all open positions

• Reflects current account value

• What appears in broker account

• What determines margin requirements

What this means:

• MyFXBook shows balance performance from closed trades

• Account reflects equity including unrealized positions

• During periods with open positions, these can differ

Example scenario:

• MyFXBook reports balance from closed trades

• Account equity includes unrealized positions

• The two numbers may differ during periods with open positions

Educational context:

This balance vs. equity distinction applies to:

• Martingale strategies (which may hold positions during adverse movements)

• Grid strategies (which accumulate multiple open positions)

• Any system holding positions

• Services where positions remain open for extended periods

Single-account tracking limitations:

1. Shows individual account performance

2. May not represent typical client results across all users

3. Cannot show distribution of outcomes across client base

4. Cannot answer: What percentage of clients experienced July 2024 losses?

5. May represent account with different parameters or timing than typical clients

The July 2024 and 2025 context:

The documented July 2024 complete losses and 2025 gold system severe drawdown may not be reflected in displayed MyFXBook accounts if those accounts:

• Were not active during those events

• Use different settings

• Represent different products

• Were restarted after the events

Multiple products context:

According to available information:

• Nurp has offered many new products and systems

• This represents product development effort

• However, live historical performance of these newer systems is unclear

• Few live account tracking links or customer performance has been reported for newer products

Educational context:

When a company offers multiple products with limited live performance tracking:

• Difficult to assess performance of each product

• Cannot evaluate which products experienced issues

• Prospective clients cannot compare performance across products

• Cannot assess whether newer systems have different characteristics

Contrast with highest transparency (10/10):

Services receiving full transparency points would provide:

For each product offered:

• Brokerage statements: Direct confirmation showing actual equity

• Aggregate reporting: Real-life fills of all users using each product

• Model account methodology: Average performance across all clients for each product

• Equity-based reporting: Performance including unrealized positions, not just balance

• Outcome distribution: Percentage experiencing gains, losses, complete losses for each product

• Clear labeling: Whether reported performance is balance or equity

• Live tracking of all products: Show performance of each system offered

For systems with documented losses, comprehensive transparency would show:

• What percentage of accounts experienced July 2024 losses?

• Which specific products were affected?

• What percentage of clients using each product experienced complete losses?

• What is the equity (not just balance) performance of accounts using each system?

• How many clients are currently in drawdown with unrealized losses on each product?

Single-account MyFXBook tracking cannot answer these questions.

Why 5/10:

Credit awarded (5 points):

• Uses FXBlue and MyFXBook third-party verification

• Provides independently verified performance data

• Prevents manual result manipulation

Credit withheld (5 points):

• Single-account tracking rather than aggregate reporting

• No brokerage statements showing actual equity

• No model account showing average of all user fills

• No clarification whether MyFXBook shows balance or equity

• Cannot verify typical client experience

• Multiple products offered but live performance unclear for newer systems

• Cannot assess which products experienced July 2024 losses or 2025 gold drawdown

Score rationale: Nurp provides MyFXBook/FXBlue third-party verification, but does not provide brokerage statements, aggregate reporting, model accounts, or balance vs. equity clarification. With multiple products offered and unclear live performance for newer systems, transparency is limited. 5/10 points awarded.

Score Summary

• U.S. Regulated Brokers (20%): 0/20 — Commonly uses OX Securities, which appears on CFTC RED List

• U.S. Regulated Markets (20%): 0/20 — Operates in unregulated forex and gold CFD markets; regulated CME currency and gold futures available

• Reputation Score (10%): 7.6/10 — Trustpilot rating of 3.8/5.0

• Dangerous Strategies (Low Score = Bad, High Score = Good) (20%): 0/20 — Has employed Martingale strategies (FED bot) and grid trading

• Drawdown History (Low Score = Bad, High Score = Good): 0/20 — Multiple documented complete losses (July 2024) and severe drawdown (2025 gold system)

• Performance Transparency (10%): 5/10 — MyFXBook/FXBlue tracking; no aggregate reporting or balance vs. equity clarification

Total VerifyAlgo Safety Score: 12.8/100

Educational Analysis

What the score means:

A score of 12.8/100 indicates Nurp does not meet VerifyAlgo's safety standards across most criteria. The service scores partial points in reputation (7.6/10 based on 3.8/5.0 Trustpilot rating) and transparency (5/10 for third-party verification).

Key findings:

1. Broker structure: Commonly uses OX Securities, which appears on CFTC RED List

2. Market structure: Operates in unregulated CFD markets; regulated CME futures available for both currencies and gold

3. Strategy methodology: Has employed both Martingale strategies (FED bot) and grid trading

4. Risk history: Multiple documented complete losses (July 2024) and severe drawdown event (2025 gold system)

5. Transparency: MyFXBook/FXBlue verification; single-account tracking; unclear live performance for multiple products

6. Client feedback: Average Trustpilot rating (3.8/5.0)

7. Product effort: Demonstrates effort in offering diversified products

Understanding Balance vs. Equity for Nurp's Services

What prospective clients should understand:

For forex and gold CFD algorithmic trading services using Martingale or grid strategies, the distinction between balance and equity is important.

Balance:

• Shows closed, realized trades only

• Reflects profits/losses from positions that have been closed

• Does not include open positions

• MyFXBook typically reports balance

Equity:

• Shows current account value

• Includes unrealized gains/losses from all open positions

• Reflects current account value

• What appears in broker account

• What determines margin requirements

Why this matters for Nurp:

With Martingale (FED bot) and grid trading strategies that may accumulate positions:

1. MyFXBook may show: Balance performance from closed trades

2. Account shows: Equity including open positions with unrealized gains or losses

3. During certain periods: These can differ

Example scenario:

• MyFXBook balance from closed trades

• Account equity includes open positions

• During periods with multiple open positions, these may differ

The July 2024 pattern:

According to client testimony:

• Many users experienced total losses

• Some users manually intervened to close positions and save accounts

• This suggests: Positions accumulated during adverse conditions

• Those who manually intervened could see the situation and act

• Those who didn't intervene experienced complete account loss

Questions to ask Nurp:

• Do your displayed MyFXBook accounts show balance or equity?

• How many open positions do accounts typically carry?

• During July 2024, what were conditions before the losses?

• For the 2025 gold system, what were conditions during the severe drawdown?

• Which specific products experienced the July 2024 losses?

• What percentage of clients using each product experienced complete losses?

The July 2024 Event

The documented evidence:

According to Trustpilot reviews:

• July 2024: Many users experienced total account losses

• July 2024: Some users intervened manually to save accounts by liquidating positions

• Multiple clients affected

What this indicates:

1. Multiple clients affected: Event affected many users, not isolated incidents

2. Strategy behavior: Consistent with Martingale or grid strategies encountering certain market conditions

3. Manual intervention possible: Some users manually closed positions to save accounts

4. Complete losses occurred: Those who didn't manually intervene lost their accounts

5. Manual intervention was possible: Suggests the losses developed over time rather than instantaneously

Educational context:

When multiple users must manually intervene:

• Positions were accumulating

• Those monitoring accounts closely could act

• Those not monitoring lost accounts

• Pattern consistent with grid or Martingale accumulating positions

Questions for prospective clients:

• How many total clients experienced complete losses in July 2024?

• What percentage of active accounts were affected?

• Which specific products were affected?

• What market conditions occurred?

• What has changed since July 2024?

• Do clients need to monitor manually?

The 2025 Gold System Event

The documented evidence:

According to Trustpilot reviews, a severe rapid drawdown event occurred in 2025 with the gold trading system.

What this indicates:

1. Product-specific: Gold system experienced severe drawdown

2. Rapid event: Described as "rapid drawdown"

3. Severity: Characterized as "severe"

4. Recent occurrence: Happened in 2025

Questions for prospective clients:

• What percentage of clients using the gold system experienced this severe drawdown?

• Did this result in complete losses?

• What specific drawdown levels did clients experience?

• What market conditions occurred?

• Is the gold system still operating?

• What has changed since this event?

Multiple Products Context

Pattern across products:

• FED bot: Known Martingale strategy

• Various products: Grid trading strategies known to be used

• July 2024: Complete losses affecting "many users"

• 2025: Gold system severe rapid drawdown

The diversification consideration:

According to available information:

• Nurp has offered many new products and systems

• This represents product development effort

• However, live historical performance of newer systems is unclear

Educational context:

Product diversification can be beneficial when:

• New products have different risk characteristics

• Live performance is clearly documented

• Clients can evaluate track records

Without adequate performance transparency:

• Cannot assess performance of each product

• Cannot evaluate live track records of newer systems

• Cannot determine if diversification reduces risk

• Prospective clients cannot make informed decisions about which products to use

Questions for Nurp:

• Which products experienced the July 2024 losses?

• Which products use Martingale vs. grid vs. other strategies?

• What is the live verified performance of each product offered?

• What percentage of clients using each product have experienced complete losses?

• Do newer products have different risk characteristics than older products?

• Why is live historical performance unclear for newer systems?

Strategy Explanations

Martingale (FED bot):

According to available information, Nurp operated a Martingale strategy known as the FED bot.

1. Opens initial position

2. If profitable, closes with gain

3. If unprofitable, increases position size

4. Continues during adverse movements

5. Eventually may reach margin capacity

6. Can result in large losses

Grid Trading:

According to available information, Nurp is known for grid trading strategies.

1. Opens positions at predetermined price intervals

2. As price moves, opens additional positions

3. Creates "grid" of positions at various levels

4. During trending markets, accumulates many positions

5. Eventually may reach margin capacity

6. Can result in large losses

Both strategies share characteristics:

• Frequent small gains during favorable conditions

• Large losses during adverse conditions

• Pattern of working until encountering certain conditions

• July 2024 losses consistent with these strategy patterns

Considerations for Investors

What this review provides:

This analysis is educational and based on:

• Available information about strategies and operations

• Trustpilot reviews (3.8/5.0 rating)

• Documented Martingale strategy (FED bot) and grid trading use

• Common usage of OX Securities (CFTC RED List)

• Documented July 2024 complete losses affecting many users

• Documented 2025 gold system severe rapid drawdown

• CME Group's publicly available regulated currency and gold futures

• Educational context on balance vs. equity reporting for CFD services

• Objective application of VerifyAlgo's safety criteria

Understanding the score:

12.8/100 reflects:

• Uses broker on CFTC RED List (OX Securities)

• Does not operate in U.S. regulated markets (CME alternatives available)

• Employs Martingale (FED bot) and grid trading strategies

• Has multiple documented complete losses (July 2024)

• Has documented severe rapid drawdown (2025 gold system)

• Provides MyFXBook/FXBlue verification but limited transparency for multiple products

• Shows product development effort but unclear live performance for newer systems

• Average client satisfaction (3.8/5.0 Trustpilot)

Critical questions for prospective investors:

About brokers and regulation:

• Why use OX Securities, which appears on CFTC RED List?

• What client fund protections exist with OX Securities?

• Why not use U.S. regulated brokers and CME currency/gold futures?

• What recourse options exist if issues arise?

About markets:

• Why operate in unregulated CFD markets rather than regulated CME futures?

• CME offers both currency and gold futures - why not use these?

About strategies:

• Is the FED bot (Martingale) still operating?

• Which current products use Martingale strategies?

• Which current products use grid trading?

• How do these strategies work?

• What is the maximum position accumulation for each strategy?

About the July 2024 losses:

• How many clients experienced complete losses?

• What percentage of total active accounts were affected?

• Which specific products were involved?

• What market conditions occurred?

• Why did some users need to manually intervene?

• Do clients need to monitor manually?

• Are current products at risk of similar losses?

About the 2025 gold system event:

• What happened with the gold system?

• How many clients were affected?

• What drawdown levels did clients experience?

• Did this result in complete losses?

• What has changed since this event?

• Is the gold system still operating?

About performance and transparency:

• Do your MyFXBook accounts show balance or equity?

• Can you provide brokerage statements showing actual equity?

• Can you provide aggregate reporting for all users of each product?

• What is the live verified performance of each product you offer?

• Why is live historical performance unclear for newer systems?

• What percentage of clients using each product have experienced complete losses?

About product diversification:

• Which products have documented live track records?

• Which products are new without clear live performance?

• Do newer products use different strategies than older products?

Personal assessment:

Before considering Nurp, assess:

• Can I afford to lose 100% of my trading account?

• Do I understand how Martingale and grid strategies work?

• Do I understand the difference between balance and equity?

• Do I understand that MyFXBook may show balance while account shows equity?

• Am I comfortable with OX Securities (CFTC RED List)?

• Am I prepared to manually monitor and intervene?

• Do I understand that "many users" experienced total losses in July 2024?

• Am I willing to use products without clear live historical performance?

• Can I tolerate severe rapid drawdowns like the 2025 gold system event?

Comparison Context

How Nurp compares within VerifyAlgo framework:

Positive elements:

• Effort to offer multiple products and diversification

• MyFXBook/FXBlue third-party verification

Areas not meeting VerifyAlgo criteria:

• Uses broker on CFTC RED List (OX Securities)

• Unregulated CFD markets (regulated alternatives exist for both currencies and gold)

• Martingale strategies (FED bot)

• Grid trading strategies

• Multiple documented complete losses (July 2024)

• Documented severe rapid drawdown (2025 gold system)

• Single-account tracking without aggregate reporting

• Unclear live performance for multiple products offered

• No balance vs. equity clarification

Score context:

• Services at 80-90/100: Meet all VerifyAlgo criteria

• Services at 60-70/100: Meet most criteria with limited gaps

• Services at 40-60/100: Mixed profiles

• Services at 20-40/100: Multiple areas not meeting criteria

• Nurp at 12.8/100: Does not meet nearly all safety criteria; multiple documented losses

• Services at 0-10/100: Fundamental structural issues

Understanding the Trustpilot Rating

Why 3.8/5.0 (average rating) with documented losses:

The Trustpilot rating reflects experiences of clients who left reviews. With Martingale and grid strategies:

Timing affects outcomes:

• Clients enrolling and trading before July 2024 may have experienced gains

• Clients active during July 2024 may have experienced complete losses

• Clients enrolling after July 2024 on newer products may have different experiences

• Different products may have different performance

This explains mixed feedback:

• Some clients report positive experiences during favorable periods

• Multiple clients report complete losses in July 2024

• Some clients report 2025 gold system severe drawdown

• Rating reflects current reviewers

• Average 3.8/5.0 reflects mixed experiences

Educational context:

A 3.8/5.0 rating reflects:

• Mixed client experiences

• Some positive feedback

• Documented concerns about losses and drawdowns

• Still some clients have had acceptable experiences

Methodology Note

This review applies VerifyAlgo's safety framework objectively:

• Scores reflect criteria alignment: Each category has defined standards

• Documentation based on: Available information, Trustpilot reviews, CFTC RED List, CME products, educational context on CFD reporting

• Analysis is educational: Intended to help investors understand factors and make informed decisions

• Factual reporting: Review reports documented information and applies objective criteria

• No intent to harm: Review is for educational purposes

• Recognition of effort: Acknowledges company's product diversification efforts while noting transparency limitations

  
  

What VerifyAlgo scores measure:

✅ Regulatory structure (broker and market oversight)

✅ Strategy methodology (Martingale, grid, position sizing)

✅ Historical outcomes (documented losses and drawdowns)

✅ Performance transparency (verification methods, aggregate reporting, balance vs. equity, multiple product tracking)

✅ Independent client feedback

What VerifyAlgo scores do NOT measure:

❌ Current client profitability on specific products

❌ Company intentions or effort (acknowledged separately)

❌ Customer service quality

❌ Whether specific accounts will experience particular outcomes

❌ Performance of individual newer products without clear live tracking

Important context:

The 12.8/100 score reflects:

• Strategy characteristics (Martingale, grid trading)

• Regulatory structure (OX Securities on CFTC RED List, unregulated CFD markets)

• Historical outcomes (July 2024 complete losses, 2025 gold system severe drawdown)

• Transparency characteristics (single-account tracking, unclear live performance for newer products)

• Client feedback (average 3.8/5.0 Trustpilot rating)

The company demonstrates effort in product diversification. Without clear live historical performance tracking of newer products and given the documented losses on existing products, the score reflects structural and historical concerns.

Company Response

Nurp may contact VerifyAlgo to provide additional information or clarification regarding:

• Strategy methodology and risk management protocols for each product

• Aggregate client outcome statistics across all users for each product

• July 2024 loss details (number of accounts affected, percentage of client base, which products were involved)

• 2025 gold system severe drawdown details

• Balance vs. equity clarification for MyFXBook reporting

• Brokerage statements showing actual client equity for each product

• Model account methodology showing average of all user fills for each product

• Live verified performance tracking for all products offered, especially newer systems

• Risk controls implemented since July 2024

• Consideration of CME currency and gold futures as regulated alternatives

VerifyAlgo will review any submitted documentation and update this analysis within 5 business days if factual corrections are warranted.

Specific invitation:

If Nurp can provide:

1. Aggregate statistics showing percentage of clients experiencing gains, losses, and complete losses for each product

2. Detailed breakdown of July 2024 losses (which products, how many clients, what percentage)

3. Details on 2025 gold system severe drawdown event

4. Clarification of whether MyFXBook shows balance or equity

5. Brokerage statements demonstrating actual equity performance for each product

6. Live verified performance tracking for all products currently offered

7. Explanation of which products use which strategies (Martingale, grid, other)

8. Model account methodology showing average of all user fills for each product

VerifyAlgo would review this documentation and update the assessment accordingly.

The company's effort to offer multiple products and diversification is noted. Comprehensive performance transparency across all products would allow prospective clients to make informed decisions about which, if any, products align with their risk tolerance.

Sources:

• Trustpilot reviews: 3.8/5.0 rating, documenting July 2024 losses and 2025 gold system event

• Available information regarding Martingale strategy (FED bot) and grid trading use

• Available information regarding OX Securities usage

• CFTC RED (Registration Deficient) List

• CME Group FX Product Guide (https://www.cmegroup.com/markets/fx/fx-product-guide.html#micros-minis)

• CME Group Gold Futures information

• Educational context on MyFXBook balance vs. equity reporting for CFD services

• Company website (nurp.com)

• VerifyAlgo safety framework criteria