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Noble Markets Review: Noble-markets.com Abysmal Scam

Noble Markets Review: Noble-markets.com Abysmal Scam

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Noble Markets (Noble-markets.com) is another offshore led trading platform scam. NobleMarkets is claiming to offer CFDs, Crypto currency and Forex trading services. The broker claims to offer over 200 instruments and over 145,000 traders served. These are false statements which are meant to mislead investors. Members have had a rough time trying to withdraw funds from the platform. And this has led to most of them losing funds with the broker. Read this detailed NOBLE MARKETS Review for more information.

About Noble Markets

About Noble Markets

A closer look at their about us page reveals nothing in regards to their background and history. Disclaimer at the footer of their homepage suggests the platform was created in 2018. These are false claims which will be proven in the detailed review. Scam brokers will do or say anything to try and make their platforms appear reputable. In most cases, they use false registry dates to fool investors. To stay safe, investors need a trustworthy broker who has a strong online reputation. It is the only way to make money.

Noble Markets is a relative new platform which has led newbies to sign up. The fact that the platform claims to have over 56 million orders executed would mean they are legit. Thanks to our investigation, we have concrete proof that Noble Markets is another false broker. Read on to find out more on this disgraceful broker with no social media presence. These are false brokers who will steal funds from anyone who deposits with them.

Assets Found on Noble Markets

The broker is offering CFDs, Cryptocurrency, and Forex assets on their platform. Information regarding the CFDs available is missing from the platform. Crypto assets found on the platform include Bitcoin, Dash, Etherium, Litecoin, and Ripple. They also claim to pair Bitcoin and Gold on their platform. Forex assets found on the platform include major and minor currency pairs. The broker fails to give information regarding leverage and spreads available on the platform.

Business Owner

NobleMarkets is withholding information regarding who actually runs and operates the platform. And this is proof we are dealing with an anonymous online trading platform. These are scam brokers who have nothing else to do than steal from online investors. The contact page has a name Noble-Markets Limited which is not found on any Company register. They claim to be located in the UK which is another misleading statement.

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Domain Registration

According to whois.net, their website is barely three months old. Noble-markets.com is a website which was registered on 18th March 2020. Claims of being in the industry since 2018 get quickly refuted by the register. Thanks to domain registers, one can be able to check the reputation of a website. Noble Markets is a new broker who has already started receiving negative reviews from clients. And this is a sign of worst things to come for anyone who has already opened an account.

License and Registration of Noble Markets

Noble Markets IS NOT REGULATED by any regulator which means funds are at risk. The broker fails to get recognition from the Financial Conduct Authority.  A quick search using the FCA’s register shows no such broker exists. And this is another way of checking whether a broker is compliant. Without their name on the broker list, it is clear Noble Markets is a scam.

To confirm whether they are licensed in other jurisdictions, we checked with other regulators. These include CONSOB, CySEC, FINMA, and NFA. None of these established bodies has ever licensed or regulated the broker. ESMA which checks all brokers in the EU region does not have a broker with this name. Anyone who deposits funds with the broker should realize they are in for a rude surprise.

Pros/Cons of Noble Markets

Account Details

Noble Markets Account Types

NobleMarkets is furnishing members with four account types to choose from. These accounts include Basic, Gold, Platinum, and VIP. What caught our attention was the high minimum required deposit to start trading. The basic account type demands a whopping $5,000 to start trading. According to the set industry regulations, the basic minimum deposit is set at $250. Only scam brokers who want to steal from investors ask for a high amount.

Client Feedback

At the bottom of their homepage, the broker claims to have satisfied clients. These clients post positive reviews on the use of this broker. The names of the reviewers include KOYO121 and Adrian4USD. Scam brokers will do or say anything to try and convince investors to sign up. They are another tactic to sell the false reputation of the platform.

Contact and Customer Support

On their contact page, Noble Markets lists an email address and phone number as communication channels. The problem with emailing an unregulated broker is response time. There is no guarantee the broker will respond to requests especially those touching on withdrawals. The phone number listed is a virtual phone number which is proof the broker is not a UK residence. Scam brokers use virtual phone numbers to entice users into believing their communication details.

Funding Accounts

NobleMarkets is using four account funding options on their platform. They include Bank transfer, Bitcoin, MasterCard, and Visa. The broker fails to give users on the depository and withdrawal procedure. And this is proof we are dealing with a rogue platform. Without withdrawal procedure, the broker might keep funds for over a year. Withdrawing funds has been a major stumbling block for members. Stay away from this platform or else become another victim.

Trading Terminal

The broker is using a web based trading platform as their preferred tool of trade. One of the biggest problems with their trading terminal is lack of proper security features. The platform lacks DDoS protection and SSL encryption software. Without proper security features, it renders the platform unstable to members. And the results become a platform that has slow execution speeds. These are the main reasons why a web based platform is risky especially with an unlicensed broker.

Safety of funds with Noble Markets

NobleMarkets is not securing funds as dictated by trading regulations. The broker is not segregating funds which is proof they are pooling funds in one account. Whenever a member deposits funds, the money goes straight to owner’s bank account. And this is why none of the members are able to recover funds.

Scam or Legit Noble Markets

Noble Markets Web Trading Platform

Noble Markets is a scam worth staying away from due to their ruthless nature. Contacting the broker becomes a pain in the neck. Without a valid trading license to show, it makes NobleMarkets another false online trading platform. Watch out for such brokers who have nothing else to do than steal from online investors.

Bottom Line

Warn your loved ones on the dangers of using an unregulated broker. Once you start receiving calls from their agents, ignore them. Resist the urge to give them your full contact details. These are rogue brokers who will want to steal your credit card information. Stay away from their affiliate programs as they too don’t pay.

By adding the broker to our scam blacklist, we will be protecting our esteemed readers. Stay safe when dealing with Cryptocurrency by using approved brokers who deal with digital currency.

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