RatingFX: independent rating of Forex brokersNoverk — a swindler cheating easy-money seekersIf 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
Ilya
Don`t get fooled by its license — it is fake
Broker with negative reputation 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
Ssyaako, 22.05.2019 Conclusion 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.
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To be honest, I had doubts when I opened an account at Noverk but I disregarded them because of the lucrative offers of the broker. As a consequence, I lost all the money I invested. The broker closed my account and never contacted me again.
I never should have given my bank details to Noverk. Now, I lost a huge amount of money because the fraud broker charged my card with unreasonable amount of money. And it did not ask for my permission.
I traded at Noverk for half a year. All along, I was thinking that I was making incredible progress. Then suddenly, a report came out saying that the broker is a fraud. I was surprised by the news and did not think it was true. But then I suddenly lost access to my account and the company was impossible to reach.
Noverk is definitely a scam. I feel foolish for ever investing money with them. I should have just spent it on more important things. After this experience, I don't think I will be investing ever again.
I had an account at Noverk and I invested $1000. This was my first ever investment and I am unlucky enough to have dealt with a fraud. It was too late when I realized that something was wrong about the broker. And of course, I was not able to get my money back anymore.
Noverk does not have favorable trading conditions because they never intended to provide brokerage services. The company only attracted clients to collect funds then once they reached their goal, they just vanished together with our investments.
The license that Noverk shows on their website is fake. This company should not be trusted as they will only take your money. I don't know what happened to its owners now, but one thing is for sure: all their clients suffered huge losses and they should pay for it.
Nowadays, you really cannot trust any company anymore. It is hard to do so because even companies that claim to have a license can end up as a fraud. You need to be very meticulous in looking at the finest details of the company.
I lost more than two thousand dollars at Noverk. My account manager made me believe that I was earning really well and it made it easy for him to convince me to add more funds to magnify my profits more. Sadly, all the money I invested was gone with the broker.
After seeing Noverk in one of the forums I visit, I immediately checked their website. They had lucrative offers and it was really tempting to open an account with them. I got too excited and I registered an account without thinking twice. As a consequence, I lost the $100 that I deposited.
I don't know why I did not suspect that something was wrong with Noverk when their website was not even that impressive. I guess I was too blinded by the promises that their representative told me that I forgot to look at it objectively. I ignored all the other things simply because the representative assured me that I will have guaranteed returns.
Honestly, their promises and lucrative offers are really tempting. It is easier to ignore the lack of security when you are expecting guaranteed returns. However, this kind of mindset is wrong. It would only lead us to losing more money when we do not ensure the security of the investment first.
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