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Score

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/10

NoaFX

China|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://www.noafx.com/

Website

Rating Index

Contact

cs@noahfx.com
http://www.noafx.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic information

Registered region
China
Operating period
5-10 years
Company Name
NoaFX
Abbreviation
NoaFX
Company employee
--
Customer Service Email Address
cs@noahfx.com
Company website
Keywords 4
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Website
Company Summary
Disclosure
Review

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Website

Most visited countries/areas

  • Nigeria
  • South Africa
  • Russia
  • noafx.com

    Server Location

    United States

    Most visited countries/areas

    Russia

    Website Domain Name

    noafx.com

    Website

    WHOIS.GODADDY.COM

    Company

    GODADDY.COM, LLC

    Domain Effective Date

    2013-09-30

    Server IP

    172.67.169.153

Company Summary

Aspect Information
Company Name NoaFX
Registered Country/Area China
Founded Year 5-10 years
Regulation Not Regulated
Trading Platforms MT4, Mobile App
Tradable Assets Forex, Stocks, Indices, Commodities, CFDs, Precious Metals
Customer Support Email at cs@noahfx.com

Please be advised that the official website of Soltechx, https://rootie.io, is currently encountering functionality problems.

What is NoaFX?

NoaFX was a forex broker, possibly based in China. They offered trading on various assets like forex pairs, stocks, commodities, and more, through the MT4 platform and a mobile app. However, there's no clear information on their founding year, minimum deposit, spreads, or leverage.

While they advertised a wide range of tradable assets and account types, user reviews mention issues with order execution, unclear charts, and most importantly, problems with withdrawing funds. Since NoaFX also appears to lack current regulation, it's advisable to avoid using them for forex trading.

Disclosure

NoaFX was included on the Investor Alert List (IAL) by the Monetary Authority of Singapore (MAS) on November 25th, 2016. The IAL lists entities that MAS believes may be misleading investors by appearing to be licensed or regulated in Singapore when they are not. This raises a red flag about NoaFX's legitimacy and suggests they might not be a safe or reliable platform for forex trading in Singapore.

Disclosure

Pros & Cons

Pros Cons
MT4 and Mobile App trading platforms Not regulated by any financial authority
MAS Investor Alert List (2016)
Reported issues with order execution, unclear charts, and withdrawal problems

Pros

  • Trading Platforms: Offers MT4 and Mobile App, familiar platforms used by many forex traders

Cons

  • Not Regulated: NoaFX lacks regulatory oversight from any financial authority. This means there's no guarantee of fair trading practices, client fund protection, or dispute resolution mechanisms.

  • MAS Investor Alert List (2016): Inclusion on the Monetary Authority of Singapore's IAL suggests NoaFX may have engaged in misleading practices, possibly claiming to be licensed or regulated in Singapore when they were not. This raises serious concerns about the broker's legitimacy and trustworthiness.

  • Reported User Issues: Reviews mention problems with order execution, meaning trades might not be filled correctly or at the desired price. Unclear charts can make technical analysis difficult and hinder informed trading decisions. Most importantly, users have reported encountering issues when trying to withdraw their funds, a significant red flag.

Customer Service

NoaFX offers email support at cs@noahfx.com. Since NoaFX is not regulated and appears to be no longer operational, their customer support is unlikely to be functional.

Conclusion

NoaFX, a forex broker with an unclear background, offered trading on various assets through MT4 and mobile app platforms. While it boasts a wide range of tradable options, NoaFX suffers from critical disadvantages. They lack regulatory oversight, were included on a Singapore investor alert list for potentially misleading practices, and have users reported issues with order execution, unclear charts, and most importantly, withdrawing funds.

Frequently Asked Questions (FAQs)

Q: Is NoaFX still operational?

A: NoaFX's current status is unavailable. However, considering the lack of regulation and reported withdrawal issues, it's advisable to avoid them and choose a reputable, well-regulated forex broker.

Q: What trading platforms did NoaFX offer?

A: NoaFX reportedly offered the MT4 platform, a popular choice among forex traders, along with a mobile app for on-the-go trading.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
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