FXNobel Experience 2021 - Serious Broker or Pure Scam?

Overall Rating: 
5/5 stars

Quality

speed

cost

When you start looking for the right crypto exchange, you quickly realise that this is not an easy undertaking. This is partly because the mass of crypto exchanges is anything but clear. On the other hand, the decision is also difficult because at first glance you cannot distinguish between serious and dubious offers. For this reason, we regularly put the best-known providers on the market through their paces.

This time we are talking about FXNobel. We take a look at what FXNobel has to offer as a crypto exchange. We are not only interested in the offer, but also in the fees, the deposit and withdrawal options and the testimonials of other users. On the basis of this information, we then try to assess whether FXNobel works seriously or whether a deposit on the platform results in a scam.

FXNobel
The offer

Let's first take a look at what the FXNobel app actually has to offer its customers. Those who are interested in cryptocurrencies have their own reasons for doing so.

Some hope that the digital coins will increase in value in the future and leave them in storage for a longer period of time after the purchase. For others, it is more about actively trading with the coins in order to take home a profit here and now.

Accordingly, it also depends a little on what the crypto exchange has to offer. Should exotic coins be represented or are the classic representatives of this area sufficient?

FXNobel is not only about cryptocurrencies. Other assets are also available here, such as:

Indices,
shares and
currency pairs.


It is difficult to say exactly what the offer includes. Because in order to access further information, customers must first open an account. This is perhaps not entirely happily solved. After all, clients want to know what to expect on the platform before opening an FXNobel account.



The fees

Second in our FXNobel test is definitely the research around the fees on the platform.

If you want to find out more about the fees and costs at FXNobel, you will have a hard time. Again, you can only find out more information by opening an FXNobel account.

Only the minimum deposit fees per account type are clearly listed here:

Account type

bronze

silver

gold

Platinum

Royal

Minimum deposit amount

1,000 euros

2,500 euros

5,000 euros

10,000 euros

25,000 euros

As you can see, nothing works here for less than 1,000 euros. That is already quite a high amount. Most other well-known providers only charge around 250 euros, such as AVA Trade or Binance, or 100 euros like Plus500.

FXNobel-Erfahrungen

Which deposit and withdrawal options are accepted?

The provider also has the opportunity to stand out among the strong competition when it comes to the information on deposit and withdrawal options. If you offer your customers maximum convenience, you are already halfway there. Customers who have access to convenient deposit and withdrawal options with a provider will use the service much more frequently. The providers of FXNobel also know this, because here there is at least the basic equipment of payment options:

  • Credit card,
  • instant transfer and
  • Bitcoin

It should be noted that you need an external wallet to transfer bitcoin. Accordingly, you have already received Bitcoins as a gift or purchased them on another crypto exchange.

Electronic payment providers such as PayPal, Skrill or Neteller cannot be found here, although these would round off the offer considerably. Nevertheless, the deposit and withdrawal options should be enough to ensure a smooth process when using the platform.

What do the testimonials look like?

If you want to get a really rounded picture of a crypto exchange, you should not just rely on what the providers tell you. If you want to find out more, you can read the reviews of other customers on the internet. As far as FXNobel experiences and reviews are concerned, there are some critical voices here. This is not surprising when you consider that you first have to open an FXNobel account just to get the most basic information about the offer.

FXNobel-Review

Based on the mixed FXNobel experiences of other traders, you should really only deposit money here if you can easily cope with losing it. This is because investing in cryptocurrencies already entails high risks. The digital currencies are volatile and the crypto market unpredictable. Added to this is the risk of an unusual provider.

Finaxis-Review

Serious or to be treated with caution?

One more reason to take a closer look at which provider you are actually dealing with here. There is no imprint on the platform, just as there is no customer support.  

  • Nevertheless, it can be found out that FXNobel is kept running by two companies: Glencoe Partners LTD in the Marshall Islands and Cohen Group EOOD in Bulgaria.
  • FXNobel claims to have a licence from the Financial Commission, but with a few clicks you know that this is not the case.

If you want to invest in FXNobel, you should always keep in mind that your investment is not necessarily protected. 

Cryptorocket-Erfahrung
Arbismart Rating
  • If the company has to file for insolvency, this can also cost the customers' money. 
  • Furthermore, with unlicensed offers you can never be quite sure that they will not disappear into the depths of the internet at some point.
FXNobel-Test

FXNobel Conclusion

In our FXNobel test, we had the chance to take a close look at this provider from all sides. It became clear that this crypto exchange, just like any other, has its advantages and disadvantages.

Pros

  • One of the advantages is the offer itself. In addition to cryptocurrencies, there are also shares and more. A good combination if you do not want to search for these financial products with several providers.

Cons

  • One of the disadvantages is certainly that further information can only be accessed by opening an FXNobel account. This is a rather unusual method that may not suit every investor.
  • Furthermore, the minimum deposit amount at FXNobel is unusually high.
  • The experiences of previous FXNobel users are also anything but positive.

Conclusion: 

Now everyone has to decide for themselves whether they want to take the FXNobel risk. All in all, one should keep the investment here low, just like one's own expectations.

Recommended alternative to FXNobel: eToro

If you want to buy Bitcoin quickly, we recommend the broker eToro. In addition to a clear user interface, state regulation and copy trading, the big advantage of the platform is that both Bitcoin CFDs and real Bitcoin are available for trading. Moreover, with ~1.8% total costs, eToro also proves to be the top dog in terms of price.

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Hi, my name is Benzion. I have twelve years of experience in the Forex industry, and I have launched two successful crypto trading services. I have in-depth experience on several blockchain networks like Bitcoin, Etheruem, EOS, Cardano, Hyperledger, ICON, Komado, etc. I also have in-depth knowledge of blockchain techniques, including various consensus mechanisms, DLT, smart contracts, security, and privacy measures. Benzion Friedman