Nobel500 is a Fake Forex and CFD broker that lets trading in the Activ8 trading platform. Nobel500 is owned and operated by Capital Global ES Ltd. Capital Global ES Ltd. If you are curious to have gone through their terms and conditions, they want you to know that they are authorized by 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.
- 1 Is Nobel500 Safe?
- 1.1 Active8 Trading Platform
- 1.2 Nobel500 Breakdown
- 1.3 Relatively High EURUSD Spread
- 1.4 Nobel500 License Verdict
- 1.5 Are funds safe with Nobel500?
- 1.6 Review Verdict
- 1.7 Nobel500 Review Conclusion
- 1.8 Compare Brokers
Is Nobel500 Safe?
Forex Broker Expert reviews brokers for readers across the whole world to know whether they worth your time or not. We use a trust score algorithms to asses risk level. They major criteria we use in grouping a forex broker in to risk levels include total years in business, which regulatory licenses each firm holds, is the broker publicly traded in any stock exchange as well as our manual in house check.
Nobel500 has a trust score of less than 50% which shows High risk. This means they are not regulated by any top tier licensing agency like CySEC or the UK FCA. The company operating this broker, Capital Global ES Ltd, is a facade coined for deceptive purposes and not licensed as a dealer in securities.
Active8 Trading Platform
Nobel500 is using Active8 from Sirix as their preferred tool of trade. 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).
Minimum deposit: $500
Spread: From 3 pips
Leverage: Max 1200
Assets: Forex. CFD, Indices, Oil & Gas, Precious Metals
Support MT4: Not available
License: No license
Relatively High EURUSD Spread
When we want to compare the spreads of Forex and CFD brokers, we download the demo version instead of believing what the broker advertised.
Nobel500 is an unlicensed broker, offering three account types and the Active8 platform. We normally do not believe what illegal brokers say. Nobel500 is not different in this case.
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 License Verdict
Forex broker expert has amission to ensure that every trader that comes to our website trades with a regulated broker.
Nobel500 is not a certified 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.
Are funds safe with Nobel500?
If you haven’t noticed, this broker fails to disclose which bank they use to deposit funds. Is it possible users are depositing funds to owner’s bank account? These are some of the reasons why depositing funds with Nobel500 is the last thing to do.
Another perturbing issue is in relation to segregation of accounts. Pooling funds in one account is extremely risky which this broker is doing. Nobel500 is pooling funds in one account which is extremely risky. Members should not expect any compensation as this broker does not insure funds. Simply stay away from this broker and make sure to sign up with credible entities.
All evidence clearly point we are dealing with a scam outfit. Nobel500 is a scam which must be exposed by all parties. Authorities are asked to look into this shoddy platform.
Nobel500 is a SCAM!
Nobel500 Review Conclusion
In order to protect our readers, we will be adding this platform to our scam blacklist. Make sure to mark all their emails as spam and ignore all incoming calls.
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