Noxelo: review of offers for traders, reviews
Main advantage of Noxelo: expertise and trading platform
The main motto of Noxelo is a step towards financial independence. The reason that pushed for independent investigation was in the very initial motto of the company. This motto sparked déjà vu and prompted to scrutinize all information about the company under a microscope.
Revelations about Noxelo
The Noxelo website presents impressive statistics:
- 195,000 open accounts,
- 150+ trading instruments,
- 435,000 trades per day,
- $40 million daily trading volume.
Information from the roadmap indicates that Noxelo has been in operation since 2018. However, why were there no reviews earlier? The noxelo.com domain was registered back in 2012, adding interest to their history.
Significant emphasis is placed on the date of the last update – 28.02.2021. Perhaps from this moment, the website began to operate in full, as confirmed by the web archive.
Previously, this platform belonged to the developer of Noxelo games for various devices. They were involved in releasing games for PCs, consoles, and mobile devices. Their website was also listed.
Possibly, this gaming company was the embryo for the creation of the pseudo-broker Noxelo as an additional source of income. The email matches.
The Noxelo website lists the address: 13 Euphrates Ave, Belize City, Belize. In reality, there is a car rental company at this address. This is another proof of the deception we uncovered.
According to the official version, Noxelo holds licenses from regulators, including:
- CySEC Cyprus (567/49),
- FSC Mauritius (F364895725),
- IFSC Belize (93/48/HP/67).
However, checking the registers of the mentioned regulators showed the absence of Noxelo in their lists. We also found out that the same data is indicated by another fraudulent broker – Q-Gee. Our review of Q-Gee with client reviews was presented in November 2020.
It is known that both companies – Noxelo and Q-Gee, are the same scammers, only the name was changed from Q-Gee to Noxelo. Experienced traders have already recognized their fraud schemes.
Offers from Noxelo
Noxelo offers CFD trading. Despite the high risk of such instruments, the company does not provide demo accounts for practice. They immediately require clients to deposit funds.
The following account types are available on noxelo.com:
- Beginner with a minimum deposit of $150, instant order execution, and leverage of 1:100,
- Experienced requires a $1,000 deposit, offers trading in precious metals and cryptocurrencies, as well as deposit insurance,
- Investor requires $10,000, includes 24/7 support, insurance, and deposit protection program; 1:500 leverage (obvious fraud).
No withdrawal reviews were found for Noxelo. The company’s User Agreement clearly states that they are not responsible for client financial losses. Deposit liquidation will be justified by circumstances.
Reviews about Noxelo
Noxelo is a new scam, hence it is impossible to find reviews about it. The bogus company actively deceives. Unlike Noxelo, reviews of Q-Gee, its predecessor, are full of negativity. Details can be found in the opinions review.
Noxelo inherited the scam scheme from Q-Gee, as confirmed by reviews on forums. Scammers look for new victims on social networks, present themselves, and offer contacts of a verified broker. Problematic login and high leverage attract inexperienced users.
Noxelo will continue to attract new investments until a client wants to withdraw funds. Then extortion will begin. Charlatans will demand payment of taxes and commissions. Even if you agree to all terms, you will not get your money back!
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Summary of the Noxelo review
Noxelo is the new name of the old Q-Gee scam. The scammers will not stop at what they have achieved and will continue to create new projects. Beware of Noxelo – their goal is the same: to deceive you.