NoorTrades
We checked NoorTrades against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
NoorTrades claims to be a registered brand of GONNAFLEX Limited, a company trading Foreign Exchange (Forex) and Contracts for Differences (CFD) but does not mention any details of its regulation. Lacking regulatory info may be a distinct characteristic of unlicensed brokers, as licensed brokers always display their certificates and licenses in a prominent place. It is a red flag here. Besides, NoorTrades shows its company address is in the United Kingdom. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to NoorTrades in FCA. The truth is that NoorTrades is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report NoorTrades.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.