Forex Broker

Noverk — a swindler cheating easy-money seekers

If you want to get back money from Noverk, you are unlikely to succeed. The convenient and most importantly fast withdrawal procedure promised by the broker turns out to be a lie. There is much more misleading information on the broker’s website that is far from the truth. Noverk is a typical scam broker who does not care much about its reputation. Savvy traders can easily discern the real nature of this enterprise, while newbies are highly likely to fall into the broker`s trap. For what it is worth, the so-called broker created its website with an aim to lure inexperienced traders looking for easy money.

Let’s find out more facts about this broker and its activity.

As seen, the broker’s website is rather typical for such bogus firms. Besides, it is poorly developed. At least, it does not look like the website of a reputable company with rich experience. It lacks any useful information – only luring offers and minimum details. The website contains only a few sections and gives a brief description of the platform, trading accounts types, and portfolio investment. The website includes the contact section where traders can find the phone number, email, and feedback section but no affiliate programs are presented. Nevertheless, the website seems unfinished, too plain, and looks more like a template.

On the front page of its website, the broker places the license given by the International Financial Market Relations Regulation Center. This is a well-thought step as a client visiting the website will immediately see the license and thus consider this broker trustworthy. Additionally, Noverk offers quite beneficial trading conditions. The broker also claims it has clients all over the world or to be precise it works with traders from more than 30 countries. Narrow spreads (from 0 pips), maximum leverage (1:1000), 75 financial instruments… Isn’t it ideal trading conditions or better to say hard-to-believe trading conditions? Why are there so many negative reviews on the broker taking into account all the things mentioned above?

Noverk – fraudulent broker 09.05.2019
To start with, Noverk is not a broker, it is a scammer. They attract inexperienced traders with their services of robo-advisors, transactions copying system (Bibsystem, Proficent API Services, Elbydigital) and etc. Noverk promises big profit, security of funds and other things that a newbie can only dream of. At the beginning, you really make good money. However, when you try to deposit at least half of your funds, the broker just drains your deposit. Quite rarely you can get back a small part of your deposit if the broker sees you as a potentially profitable client. Besides, under the contract, Noverk does not take responsibility for your losses, it is your trading risks. So, when the broker drains the deposit, you cannot prove that it is not your doing. Thus, you end up in front of a broken-down trough. The broker has a bad reputation thanks to negative feedback on the Internet. Curiously enough, this swindler has several websites (goldbinary.ru, binarnieaferistu.ru, and otzivirf.ru) where you can find a lot of positive reviews about its work. I bet they are left by bots and this is just another trick to lure gullible traders. I just want to add that this rascal works together with another cheater Amotrader (former ForumOption).

Do not even think about cooperation with these cheaters! They almost cheated my mother, a retired person, asking her to deposit $300. Luckily, I interfered. What a phony enterprise! What if someone did the same to their relatives?

Don`t get fooled by its license — it is fake
Ynandy, 13.01.2019
Hi everyone! I am writing this review with an aim to inform other traders that the presence of the license given by the International Financial Market Relations Regulation Center does not make a broker credible. This regulator gives license only for a year and it costs almost nothing. The IFMMRC does not pay any compensation to the deceived traders and its license is more like a formality. Think twice before depositing a big amount of money. I have heard about many brokers licensed by this organization. Maybe their malicious schemes are not so evident but their main aim is the same: not allowing you to earn money but instead earning money on you. They do everything possible that the client who is succeeding for some reason just loses his/her funds. Therefore, if you see this license, do not hurry to start trading with a broker as it does not prove its credibility.

Broker with negative reputation
Frit, 28.01.2019
You achieve nothing good with Noverk as it is a company with a bad reputation. Additionally, it is blacklisted by many European regulators. A lot of traders have discovered the true color of this broker. So, they try to inform others about its crooked schemes.

Judging by the reviews, a lot of people have been conned by this scam broker. This is why they are desperately trying to find a way to get back their lost money and warn other gullible traders to stay away from this fraudster. As for the license, it belongs to scammers who are responsible for creating more than a dozen of similar one-day con enterprises. Noverk is just one of many others. As soon as the number of negative reviews on the Internet reaches the peak and the company stops being profitable, it ceases to exist. A bit later, it is reopened under a different name and naive traders again fall into the trap of the same scammers. This fraudulent scheme has proved to be rather effective and it is no surprise that a lot of people are involved in sustaining its longevity.

How Noverk fools its clients

Noverk uses a well-known and very popular scheme. First of all, the broker asks its clients to open an account and verify it (it is mandatory). Then, clients make a minimum deposit and start trading. Everything goes smoothly at first. The broker’s trading platform does not work properly, it artificially makes the profit bigger. Naturally, traders want to withdraw some money and the problems start here. As it turns out, traders cannot withdraw their money as they have to repay loans that were supposed to be bonuses, dubious taxes, commissions, and so on. While puzzled traders are trying to sort out all the unexpected obstacles, the balance on their account is reset due to losing deals which are usually opened by the broker. Notably, Noverk works closely with Elby. The latter often recommends traders Noverk as an excellent broker.

Albert, 22.10.2019
I left a request on elbydigital.com. They called me back and asked to open an account with its affiliate brokerage firm Noverk. Then, I needed to connect ebly robo adviser to my account. I found Noverk and studied its trading conditions. The minimum deposit was $300. Following the advice of Boris Osipov, I made a deposit of $200 to my account to test the robo advisor. During the first two days, elby robo-advisor made two deals with a profit of $2.90 and $2.10. Comparing the charts of transactions from Norverk with the charts of other brokers for the same period, I found a discrepancy in the charts (see the photos). On the third day, there were no deals for a long time. So, I scrutinized the charts and found a discrepancy. This is why I decided to withdraw funds from my account. If only did I know what followed! My deposit was just drained. The deal on AUD/CAD was closed at 2.9 and then at 0.5. As a result, my deposit was $6.17. I attached all the necessary files. Be aware! Noverk and Elby are scammers that help each other to cheat traders.
There is another interesting detail about this broker. Pay special attention to the "About us" section. There you can find names and photos of the company`s management team. However, all the photos are taken from the Internet. Any reputable company that has nothing to hide would never deceive its clients with such a low trick. Obviously, the broker does not have any management team, fundamental analysts, and personnel. If you decide to dig deeper, you will certainly find many other peculiar details.

Ssyaako, 22.05.2019
I decided to look through Noverk’s website. Then, the "About us" section came to my attention. In this section, there were photos and short descriptions of its employees. The more I saw the less I believed my eyes. For instance, in the photo, Yuri Gromov, an employee with a typical Russian name, looks exactly the same as a famous Hollywood actor! The photo of Stanislav Vlasov was taken from the blog about success. Photos of many other staff members were taken from the online recourse that sell different photos for magazine covers. I doubt that someone would trust a company that steals pictures from the Internet and presents them as the photos of its employees.


No more comments are needed. Noverk is a scam broker that uses a typical fraudulent scheme to trick traders out of their money. The broker promises its clients big gains in a short period of time. Traders who have just started to trade take the bait. The charts on broker’s trading platform show them how successful they are and they deposit more and more. When they deposit the necessary amount of money to their accounts, their deposits vanish and the trading accounts are blocked. The deceived traders cannot contact the broker and they can only pour their resentment online trying to warn other traders about cooperation with the fraudulent broker.

The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.
Author: Rose | Date 2020-05-26
Noverk offered attractive promos in their services. Most of their offers are suitable to new traders. And they did it to attract exactly the new and small traders. Inexperienced traders are easier to deceive and trick because they still do not have enough knowledge on the market. Especially, most of those who enter the market has an impression about it that this industry will give them access to easy profit making ventures. Which they are very wrong about. These people are what the broker targeted. Thankfully they were exposed soon so they would not be able to fool more people.
Author: Allison | Date 2020-05-18
I really don't have any plan on sharing my experience with Noverk broker because I am ashamed of it. I feel very foolish for letting this company trick me and rip me off my money. But I need to tell my story to serve as a warning for other traders especially novices like me. I didn't really know much about Forex trading but I am interested on investing my money on something. Forex is one of the popular ways of investing so I chose it. I read the basic information I needed and looked for a broker. Unfortunately, Noverk is where I ended up and they tricked me to depositing money which I would never be able to withdraw.
Author: Popoy | Date 2020-05-12
When I opened an account at Noverk, my account manager asked me to verify my account right away. I did not complain about it because I thought that this would make my account more secured. It also strengthened my trust towards the broker. However, this was only for show and they really did not care about the verification. Why would they when it was planned all along that they would run away with their clients' funds. The owners of this broker are monsters.
Author: Meaghan | Date 2020-05-04
Of course, it would be impossible to take back our money from Noverk because this is a fraud company and they never intended to give back the money of their clients in the first place. It is just really maddening that people like the owners of this company exist. I bet they won't even feel remorse towards what they did.
Author: Miralea | Date 2020-04-27
I traded at Noverk out of curiosity. I really had to intention of entering the Forex market but I saw one post about this broker and it seemed really interesting. Since I had nothing else to do that time, and since the initial deposit requirement was low, I gave it a shot. I was briefed by a representative and she sounded professional. After that, I was able to start trading already. I tried to be careful with my trading actions and I also started studying about it. However, the company's representatives kept pestering me and convincing me to add more fund. I kept refusing until one day, they got my account suspended.
Author: Stiiven | Date 2020-04-21
Trading at Noverk was not that pleasant to begin with. The promises of a great trading platform, cheap trading costs, and bonuses, were all empty promises. When I used the trading platform using the live account, it was terrible. It was very shaky and the charts were always delayed. When I saw the reality inside the broker's system, I immediately asked for the withdrawal of my money. As you may have expected already, the broker did not allow it. Until now. I still haven't received it.
Author: Brayan | Date 2020-04-13
With just one look, Noverk already incites suspicion. However, to the eyes of a beginner, this may be overlooked. Especially if the broker made the first move of introducing itself through a phone call before the client visits the website. This broker makes use of phone calls to earn the trust of the potential client by letting them talk with well-trained sales representatives who sound trustworthy. When a person is offered with an opportunity to earn more, it would be hard to resist and this is how Noverk makes their move.
Author: Sabbir | Date 2020-04-07
Noverk was devious in their way of attracting their clients. They offer very enticing deals especially ones that would appear to be least risky. In fact, their offers were too good to be true but this is the kind where most novices fall to. This broker was able to trick a number of aspiring investors and my brother is one of them. my brother invested $250 but none of it was ever returned to him.
Author: Lysette | Date 2020-03-30
I used to be a trader at Noverk. I funded my trading account through an online wallet. I started with a hundred dollars but my account manager told me that this amount is not going to bring me anywhere. In the end I added another $100 and then started my trading activities. The platform was already poor to begin with but my manager told me that there is nothing to worry about as it would be fixed ASAP. However, I already lost everything yet they still have done anything about it.
Author: Carmen | Date 2020-03-26
I was able to check this broker out a few months ago because I saw it being mentioned all the time on the forum I participate in. When I visited their website, I immediately had my suspicions. The website is honestly unattractive and it doesn't look professional at all. But I still gave it the benefit of the doubt because it could only be an emerging broker and might not have the resources yet to have a good website layout. But then when I checked their license, it was fabricated. With that, my suspicion was confirmed.
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