Nobel500.com Review Is Nobel500 Legit Or A Scam Broker

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Nobel500.com Review: Is Nobel500 Legit Or A Scam Broker?

Nobel500 Review: this is the name of a Forex broker that does not provide us with a location. Is Nobel500 a scam broker or a legit one?

The broker seems to have a very deep knowledge of Forex trading and thus sort to cover every information possible. It claims to offer educational services with an “Academy” section on the page.

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

Nobel500 advertises itself as easy, strong and open. It claims to have more than a million clients and invites traders to join this rank. We could not find any address for this broker but when we were snooping for regulation details we found that it mentioned “Estonia”.

To put clients at ease, the broker claims to be ensured by several security systems of note like GeoTrust, GODADDY, RapidSSL, and SECURE. It offers the following to help manage hazards and losses:
Account Leverage
Stop Limit / Stop Loss / Trailing Stop
Price Alerts
Negative Balance Protection

Nobel500 Trading Platform

Unlike most brokers, the Nobel500 offers clients the Activ8 Mobile Trader. This Activ8 Mobile Trader trading platform is touted to have the following advantages: highly customizable settings, fully synchronized with web Trader platforms, interactive real-time and historical charts, display of account balance and details, shows closed positions historically, watch live market data.

Trading instruments available for traders includes many currency pairs, CFDs on indices, commodities, precious metals, stocks, and cryptocurrencies.

Maximum leverage offered by the broker is 1:30 and the spreads differ from account to account with 0.4 pips, 0.2 pips and 0.1 pips respectively. However, we discovered that the leverage can reach 1:200 and pips reach as high as 3 pips, according to a source.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Nobel500

The broker offers the following means for deposit and withdrawal: MasterCard, paysafecard, Neteller, Bank Wire Transfer, Visa and more. We find this encouraging.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

At Noble 500, a minimum deposit of $250 is required to start trading with this broker and the Islamic account has a minimum of $500, which is high. Withdrawal fees of $50 apply to wire transfers and $25 for credit cards. Unverified accounts will pay 10% of the amount withdrawn.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Nobel500 Licensed?

No. Nobel500 holds no license and thus is not a regulated broker. This means that despite on that has been found on the page, funds are not safe with this broker and are under no jurisdiction. Traders are warned to avoid these kinds of brokers because misappropriated funds may be difficult to recover.

Further, many negative reviews have surfaced regarding this broker and it would be unwise to ignore them.

Support

The customer care agent can be reached via email: [email protected]

Conclusion

Nobel500 is not a licensed broker and it is unwise to trade with this broker. There are negative reviews as well that is another red flag. It offers a trading platform that is not the popular MetaTrader 4. The Activ8 platform is an advantage and the high leverage as well.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Checking your browser before accessing scamrecovery.net.

This process is automatic. Your browser will redirect to your requested content shortly.

Nobel500 Review – is nobel500.com scam or good forex broker?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage* Spread*
Blue $500 1:30 Floating From 0.4
Silver $5 000 1:30 Floating From 0.2
Gold $20 000 1:30 Floating From 0.1

*As announced on the broker’s website. When we tested the platform, the trading conditions turned out to be a lot different.

Forex broker Nobel500 offers trading on Leverate’s Activ8 and a choice of three account types. Here are our impressions of this broker, after we made a thorough research on the company and tested its platform. Make sure you read it prior to investing with Nobel500, as we have serious concerns regarding this broker, which will be discussed in detail below.

Nobel500 Advantages

Activ8 platform, solid leverage

As we already mentioned, Nobel500 uses ACTIV8, which is a solid choice of a trading terminal. Created by the developer of Sirix (Leverate), ACTIV8 offers nice charting, ‘Strategies’ category that provides an array of EA/bots, and incorporated external market analysis. The latter includes 3 categories: ‘Market Analysis’, ‘News’, and ‘Calendar’ displayed on the right side of the interface. Furthermore, the platform can be easily synchronized with both MetaQuotes’ platforms (MT4 and MT5).

Besides, although the broker claims to offer leverage up to 1:30, we found the levels available on the platform as high as 1:200. We consider the availability of such leverage ratios as an advantage, as they will suit almost all trading styles. However, high leverage brings along greater risk of losses, so make sure you fully understand the principles of margin trading prior to using such.

Wide range of tradeable assets

Furthermore, Nobel500’s offer seems very broad in terms of assets available for trade. The broker’s product portfolio covers currency pairs, CFDs on indices, commodities, precious metals, stocks, and cryptocurrencies. In case you are interested in trading digital assets like Bitcoin in the form of CFDs, check out our list of reliable brokers who offer that.

Nobel500 Disadvantages

No address, no number, no license

The corporate information on Nobel500’s website is rather scarce. There is no contact number, no address, only a mention of the supposed name of the company behind the brand, Capital Global ES Ltd.

Click on the image to view larger.

The broker does not explicitly state anything about license or regulation, but the its terms and conditions mention Estonian Governing laws and the Markets in Financial Instruments Directive (“MiFID”).Our check in the online register of the Estonian Financial Supervision Authority revealed that no such company is licensed in Estonia, so we can safely conclude that Nobel500 is not a legitimate regulated broker. On top of that, when we googled the company name, the only results we got were from Nobel500’s website, so we are not sure whether such a company even exists.

Also, we found a lot of negative user reviews of this broker, mainly in some Spanish forex forums and sites. IT seems that the broker illegally targets European investors, without holding a legit license, which is another major red flag

High initial deposit, excessive spreads

Nobel500 has announced some very low and attractive spreads on the website, but when we logged into their Activ8 platform, we found the benchmark EUR/USD spread floating around 3 pips, which is not lucrative for traders at all.

Nobel500’s Activ8. Click to view larger.

Most brokers offer spreads within the range of 1.0 – 1.5 pips for this pair. Besides, Nobel500 asks for an initial deposit of $500, which is twice higher than what most brokers require as a start.

Hefty withdrawal fees

We also found out that the broker applies some pretty salty withdrawal fees, especially to those who have not met certain minimum trading volume requirement:

No access to MT4

While Activ8 is good enough for trading and analytical purposes, it cannot be compared to the industry leading MetaTrader4 (MT4). Most traders prefer trading on the MT4, which has proved to be an intuitive and reliable platform. Besides, it is popular for its great charting, support for automated trading via Expert Advisors, the MQL marketplace, easy customization, and more.

Conclusion

Nobel500 is yet another unregulated broker with questionable reputation. Furthermore, its trading conditions are not in the least favorable, so you’d better find a better financial services provider, preferably regulated by exemplary agencies such as the FCA in the UK or CySEC in Cyprus.

And finally, here are the highlights of the present review of Nobel500:

Pros Cons
Solid leverage, wide range of trading instruments No address, no number, no license
Activ8 platform available Negative feedback
High initial deposit, excessive spreads
Withdrawal fees
No access to MT4
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Like this post? Please share to your friends:
Guide How To Become Binary Options Trader
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: