FXNobels Review (2023)
Is FXNobels a scam or legit broker?
No, it is not safe to trade with FXNobels. The broker doesn’t provide any information about the company behind the brand’s name as well as any regulatory information. It claims to be located in Malta. FXNobels is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.
About FXNobels
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is FXNobels safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | GO Markets - licensed by ASIC in Australia |
FXNobels is a Forex Brokerage that allows customers to trade Forex, Stocks and Cryptocurrencies online. The broker doesn’t disclose any information about the company behind the brand name. It claims to be located in Malta, but the confusing thing is that the contact phone number which the customers can call is British, but they also can text to the Maltese number. Despite the Maltese location and British contact number, the FXNobels is not regulated in Malta or the UK.
Moreover, the Maltese regulator Financial Services Authority has recently issued a warning against FXNobels:
“The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the name of FXNobels which is known to have an internet presence at https://www.fxnobels.io/. Although this entity purports to operate from an address in Malta, the MFSA confirms that this is not the case. From information available to the MFSA, FXNobels claims to be a forex brokerage that allows customers to trade in Forex, CFDs, Stocks and Cryptocurrencies online.”
Conclusion
We advise all investors and traders to avoid FXNobels and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BDSwiss.
FXNobels website is no longer active.