Nobel500 (Nobel500.com) is another Crypto Currency and Forex scam broker causing malice in the Forex trading world. Nobel 500 is purporting to offer unmatched trading conditions to anyone who signs up. Claims and promises include 0% fee on deposit and 24/7 client support. After receiving email complaints from members who lost funds, we knew something was amiss. Why are members crying foul? Read this expose on this detailed NOBEL500 Review.
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Most members are ruing signing up with this broker several reasons. When signing up, they expected to make money and deposited huge amounts of money. After trading for a few days, others weeks, they asked for withdrawals. And this is where trouble starts. As fate would have it, this broker is not allowing anyone to withdraw funds. Why is Nobel500 behaving this way?
By cloning broker websites, these scam artists entice unsuspecting investors into believing this is a real platform. After depositing funds, these account managers cease to exist. And this is where we draw the line with Nobel500.
Apart from the many negative reviews floating around the web, there’s more damning information regarding this broker. Capital Global ES Ltd claims to be behind this brokerage firm. After checking with a few company registrars, no information popped up regarding this company. Capital Global ES Ltd has not registered anywhere which leads us to believe they are an anonymous entity.
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Another shocking revelation is how well these scam artists hide vital information regarding ownership. Who are the actual founding members of this brokerage firm? Why can’t members get to know the actual names of people running this company? Nobel 500 is another anonymous online platform offering fake services.
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Another perturbing issue we found with this broker is the lack of proper licensing details. Apart from mentioning Estonian trading laws, there’s no mention of their licensing or registration number. Why are these scam artists who claim to offer valid trading services lacking proper regulation documents? A real broker will post copies of their license and registration certificates to prove credibility.
After checking with leading international regulatory bodies, Nobel 500 did not show up. Some of the regulatory bodies we contacted include ASIC, CySEC, FCA, and NFA. All these regulatory bodies have never heard of this platform. Stay away from this platform or else become their next victim. Whoever signs up with this brokerage firm will lose their initial deposit. Later, their representative will call and ask you to deposit more. Before signing up, demand for a trading license, receiver on the other end will hang up.
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The only possible advantage with this broker is their Activ8 trading platform which is a good choice. Created by Sirix, Activ8 has well-placed charts and tools which aid traders during trading sessions. Categories such as ‘Strategy’ will offer users with bots which help newbie traders place successful trades. This broker also offers high leverage which could be beneficial to users. All these could be a great way to trade if only this broker was legit and licensed. Nobel500 has no other clear advantage.
Professional scam artists make sure they create easy and fast ways for users to deposits funds. Account funding with this broker is easy and quick which is an advantage to scam artists. Depository channels involved include Bitcoin, Neteller, Skrill, and others. Before funding any of their three account types, understand what’s at play. What happens next after depositing funds is why you should resist from signing up. No member has been able to withdraw funds deposited to this platform.
Withdrawing funds is the main issue with this broker. Nobel 500 is simply refusing to grant users access to their funds. Owners are laughing all the way to the bank after investors make deposits. Stay away from this broker and resist from signing up with their shoddy platform.
Nobel500 is furnishing users with three types of accounts. Investors can choose to use Blue, Silver, and Gold accounts. Notice the acceptable minimum deposit required to start trading with this broker? Minimum required deposit starts at $500, $5,000 and $20,000 respectively. According to set industry standards, the minimum required deposit is set at $250. Nobel500 is asking for a higher price tag for a reason. They want to get as much money as possible before going under.
Another perturbing issue with account types is how similar they are to each other. These accounts have similar advantages which makes us question the motive behind it. Why would anyone deposit $20,000 and get the same advantages as one who deposits $5,000? These scam artists did not think it through making us question their intent. Stay away from Nobel 500 as it’s a clear scam platform.
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How can funds be safe from an anonymous broker? Dealing with these scam artists has never been a walk in the park. Why would anyone deposit funds to an unknown third party? Why have they failed to disclose how they handle funds? Which banking institution do they use to store funds deposited by members? This is another rotten platform out to cause some serious damage. As we pointed earlier, members are depositing funds straight to owner’s bank account.
Another horrifying issue with this platform is in regards to segregation of accounts. Nobel 500 is pooling funds in one account which can prove risky in case bankruptcy sets in. Members will lose all their assets when insolvency sets in. Never expect any compensation from this broker as they don’t insure funds as dictated by law.
Nobel500 is a scam waiting to pounce on any investors who sign up. Dealing with this broker will lead to more harm than good, stay away.
Adding this broker to our scam blacklist will help protect our readers from signing up. Ensure you sign up with online trading platforms which have a proven and solid reputation.
Make sure to sign up with canonical and detailed Forex trading tools for optimum trading experience. Sign up with Forex trading robots which are precise and reliable. Go for Forex trading robots which have been given the green light by the trading community.
Wishing you all the best in your Forex trading experience.
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