FXNOBEL Review 2024

What is FXNOBEL?

FXNOBEL is a platform that offers services in the Forex trading sector. It provides various account options to suit different trading needs, including features such as a range of instruments, spreads, and signals. To simplify the trading process, FXNOBEL also offers the use of automated trading robots. However, it’s important to note that FXNOBEL has been flagged by certain financial regulatory bodies. For instance, the AFM (Authority for the Financial Markets) in the Netherlands has issued a warning about FXNOBEL. Additionally, a review from 2018 labels FXNOBEL as an unregulated offshore broker with limited credibility. The review further cautions that investing with unregulated companies carries a significant risk of losing money to scams. In conclusion, while FXNOBEL offers a variety of services for Forex trading, potential investors should be aware of the risks associated with unregulated platforms. It’s always recommended to conduct thorough research and consider regulated alternatives when investing in Forex trading.

What is the Review Rating of FXNOBEL?

What are the Pros of FXNOBEL?

FXNOBEL, a forex and CFD broker, offers several advantages that can be beneficial for traders. Here are some of the key benefits:. High Leverage: FXNOBEL provides a leverage of up to 1:500. This high leverage can potentially lead to substantial profits even with a relatively small deposit. However, it’s important to note that high leverage also comes with significant risks, including the possibility of depleting funds with minor market fluctuations. Variety of Trading Options: The broker offers a variety of trading options, including 23 currency pairs and CFDs on several indices, stocks, and gold. This wide range of options gives traders the flexibility to diversify their investment portfolio. Acceptable Minimum Deposit Requirement: FXNOBEL allows traders to open a starting Bronze Account with a minimum deposit of 250 USD. This is in line with the market average and makes it accessible for a wide range of investors. MetaTrader4 Support: FXNOBEL offers its clients a choice of two platforms – a web-based platform and the MetaTrader4. The MetaTrader4 platform is well-known among traders for its intuitive and user-friendly interface, great charting tools, and the ability to support automated trading sessions. Support in Several Major Languages: The FXNOBEL website is supported in several major languages, including English, Russian, Spanish, Italian, Polish, and Portuguese. This multi-language support caters to a diverse group of traders, particularly those in the European market and Russia. Please note that while FXNOBEL offers several advantages, it’s crucial for potential investors to conduct thorough research and consider the associated risks before investing. It’s also important to note that FXNOBEL is an offshore broker, and the company does not appear to have a license from a recognized financial regulatory authority.

What are the Cons of FXNOBEL?

FXNobel, a forex and CFD broker, has several disadvantages that potential investors should be aware of:. Regulatory Status: FXNobel is an offshore broker operated by Glencoe Partners LTD, a company registered on the Marshall Islands, and Cohen Group EOOD, based in Bulgaria. It claims to be a member of TheFinancialCommission, which is merely a website with a contact address on St. Vincent and the Grenadines. This does not substitute a legitimate license issued by respected financial institutions such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, or the Australian Securities and Investments Commission (ASIC). Investment Risk: FXNobel offers leverage of up to 1:500. While this may seem attractive as it could potentially lead to substantial profits with a relatively small deposit, it also comes with a significant risk of depleting your funds with the slightest fluctuation of the market. Professional traders rarely trade with leverage exceeding 1:100. Minimum Deposit Requirement: To open a starting Bronze Account with FXNobel, a minimum deposit of 250 USD is required. This is in line with the market average, but some well-established players like FBS and IG allow trading with as little as 5 USD. Blacklisting: FXNobel has been blacklisted by Italy’s financial regulator, the Commissione Nazionale per le Società e la Borsa (CONSOB). This raises concerns about the broker’s credibility and reliability. . In conclusion, potential investors should exercise caution when considering FXNobel due to its lack of regulatory oversight, high investment risk, and previous blacklisting by a financial regulator.

Is FXNOBEL Regulated and who are the Regulators?

FXNobel is a forex and CFD broker that operates under the companies Glencoe Partners LTD and Cohen Group EOOD. Glencoe Partners LTD is registered on the Marshall Islands, and Cohen Group EOOD is based in Bulgaria. However, it’s important to note that FXNobel is not regulated. Despite its claims of being a member of TheFinancialCommission, this does not substitute for a legitimate license issued by a respected financial institution. TheFinancialCommission is merely a website with a contact address on St. Vincent and the Grenadines. This lack of regulation means that FXNobel is not reliable and may abuse regulations. Furthermore, neither Cohen Group EOOD nor FXNobel could be found in the registers of the Bulgarian Financial Supervision Commission (FSC). This further emphasizes the lack of regulatory oversight for FXNobel. In conclusion, it is not safe to trade with FXNobel. The absence of information about the broker’s regulations, trading conditions, and contact details should be a significant red flag for those planning to invest with this entity. It is always advisable to trade with well-regulated brokers.