The company Noverk, registered on the offshore island of Saint Vincent and the Grenadines, is trying to present itself as a reliable CFD broker, however, according to many traders, it is a scam project aimed at fraud. Our review of the website noverk.com is conducted to warn you of possible deception.
Regulation of Activities
An important factor influencing trust in a broker is its regulation. Although the website noverk.com indicates the presence of a license from the Center for Regulation of Relations on Financial Markets (CROFR) with document number RU 0395 AA Vv0140, it is worth noting that the license belongs to the company Capital Group ltd. Trader reviews indicate the questionable reputation of Capital Group ltd in the financial market, suggesting that the license was issued in the name of a suspicious organization.
Website Review
Visiting the noverk.com website leaves a good impression: it is translated into Russian and has a simple interface. However, there is insufficient information about the broker, which raises doubts among many users, especially in the “Terms of Agreement” section. The broker reserves the right to stop trades without explanation, which can lead to client dissatisfaction.
Trading Conditions and Platform
Noverk broker offers several types of accounts with a minimum deposit ranging from 300 to 25,000 USD, making it less accessible to beginners. The demo account also raises questions as its behavior differs from the real market. The trading platform is built on a ready-made engine, which also does not add to the broker’s credibility.
Account Funding and Withdrawal
Noverk broker offers various methods for depositing and withdrawing funds, however, clients complain about delays and commissions for financial transactions. Withdrawals can take from 1 to 7 business days, and many traders face issues when withdrawing assets.
Portfolio Scam Scheme
Noverk offers portfolio investment with different conditions for traders of different levels, however, the lack of detailed information and analytical review raises doubts about the legitimacy of such an offer.
Stocks and Bonuses
Bonus offers from Noverk also raise questions among traders, especially considering the lack of confirmed reviews from participants in the promotions.
Reviews of the Fake Broker Noverk
Most reviews of noverk.com point to its fraudulent activities. Clients complain about account blockages and issues with fund withdrawals, confirming our preliminary assessment of this broker.
Conclusion on the Broker Noverk
The company Noverk leaves a very negative impression, and many traders consider it a fraudulent project. Caution should be exercised when dealing with this company to avoid possible financial losses.
I had an incredibly disappointing experience with the broker company, Noverk. Everything from customer service to their trading platform was subpar. The entire process was far from transparent and it became clear they prioritize their own interests over that of their clients’. To top it off, withdrawal of funds was a nightmare – they made it unnecessarily complicated with an unending list of document requirements. Not to mention, it took forever to reflect in my account. The so-called ‘customer support’ was no support at all, always unavailable or unresponsive. There is a strong scent of deceit around this company, I am convinced Noverk is a fake broker. Avoid at all costs.