How FXNobel tricks clients out of their money
There is a great variety of brokers in the FX market. Some of them are fairly reliable, whereas others just wait for the moment to trick gullible traders out of their money. FXNobel belongs to the latter category. Judging by the languages provided on its website, the broker is mainly focused on clients from Russia and from the countries of the EU. What is more, FXNobel claims to be a young and ambitious broker. It makes quite a good first impression. It is no wonder that so many traders have easily walked into its trap. The official website is well-designed and full of all sorts of catchy phrases and big promises on how to get rich on trading. However, after having searched a bit more information about this broker on the Internet, it becomes apparent who you are dealing with…
How does FXNobel work?
FXNobel is an offshore broker headquartered in Malta. It has been operating since 2017. The broker is relatively young. The alleged main aim of the broker is to provide traders with the opportunity to trade on Forex. It offers a standard set of trading instruments such as currency pairs, shares, CDF contracts, and cryptocurrencies. FXNobel clients can work via computer or mobile apps. The broker also provides several account types. It goes without saying that the more expensive the account is, the more advantages a trader has. In addition, FXNobel has a bonus program. At first glance, this broker seems quite common unless you start digging deeper.
FXNobel is regulated by the Financial Commission. There was even an article about it.
However, later, the broker’s membership was revoked. Apparently, it was due to FXNobel’s fraudulent schemes. Curiously enough, the broker lost its membership almost immediately after obtaining it.
After losing its membership, the broker did not stop to provide financial services. FXNobel changed its domain and contact information. All of a sudden, the Bulgarian broker has now a head office in Malta. Even its office in Bulgaria never existed. A specified address on the website belongs to the transportation company. There is no need to continue. This information should be enough to draw the conclusion about this broker.
Clients’ feedback on FXNobel
Naturally, when it comes to the Internet and, especially, to the feedback section, we need to be careful as some reviews may be trustworthy while others are far-fetched. Online comments are the most popular communication tool used by everyone without exception. With a rational approach and a bit of deduction, an Internet user can get an overall picture of any subject. It works the same way when you need to learn more about some broker.
What do people write about FXNobel?
Anton, December 21, 2018
Vyacheslav, January 12, 2019
Vera, May 5, 2019
Origamaur, May 9, 2019
Velym, May 9, 2019
How does the broker deceive traders?
FXNobel has a lot of ways to fool clients out of money. The company is very resourceful when it comes to crooked schemes. Its staff members persuade traders to deposit a great amount of money. Then, they empty clients’ accounts, using the popular scenario of cheating with loans, commission payments, and taxes. What is more, the broker operates under the motto "Together we are a force!" FXNobel closely cooperates with other similar scammers. While its clients cannot withdraw money, the broker’s employees have been many times accused of withdrawing money from their clients' cards. Again, it seems to be enough to create a coherent impression of this enterprise.
Reviews about the broker are absolutely fair, and this is only a small part of the negative ones. Plus, we can add more unpleasant details and evidence about this broker e.g. the lack of a certificate of the regulator. FXNobel is the most common financial pyramid when you need to deposit money, invite friends, and wait for the wealth to fall upon you. A lot of traders have been tricked by this broker. Do not become one of them.
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