FCA warns against Noble Capital House, SafeMarkets a IDBTrades

British Financial Conduct Authority has warned against three cryptocurrency and Forex brokers.

The three brokers are Noble Capital House (NCH) from Montenegro, SafeMarkets from England and IDBtrades from Scotland.

These brokers allow people to trade with currencies and cryptocurrencies via contracts for difference. They are soliciting residents of Great Britain, however the FCA stated that they have no authorization to do so.

Noble Capital House, Safe Markets and IDBtrades are not regulated.

We recommend trading with regulated brokers only.

21 thoughts on “FCA warns against Noble Capital House, SafeMarkets a IDBTrades

  1. I am trading with safemarkets 3 months already. There is no issue so far although they are unregulated. And also being a non UK citizen i doubt that this regulation would do me any good. You are just scaring people for nothing

      1. It doesn’t prove anything. Unfortunately people always go to the internet when they lose money but on the other hand when someone has actually made something he never goes around to brag about it.There are tons of bad reviews for Apple products,for example but that does not make them any less good.and I doubt that the comments are expressing the full story anyways. I for once will brag about it. I have deposited 2.5k in total. Currently my balance is almost 7k with 3 withdrawals made so far for a total of 1.5k.

        1. Actually hearing complaints about unregulated brokers like Safemarkets is pretty common and I have no reason to believe you, because obviously Safemarkets is or was associated with the Crypto GPS scam. There is no reason to trade with unregulated brokers, people have no protection, their money is not insured and the probability of problems much higher than with regulated brokers.

    1. NCH is a BIG SCAM!!! Neluc… do you live on the same planet as we all do? Why would FCA want to just scare people for no reason. Maybe you Neluc are one of the scammers?

  2. You have your opinion, I have mine .I am not trying to convince anyone that i’m right .I know for myself that I am and I’m sharing my experience. I think that’s the whole point of this website.Or maybe I’m wrong.

    1. Totally agree with you. For 2 weeks i’m trading with safemarkets and they appear as a pretty decent platform so far.

  3. They issue warnings for every company that is not licensed with them. That does not necessarily mean that a company is not adhering to decent practices.

    1. Not true. They issue warnings about companies that are not licensed with them AND despited this fact they are targeting UK residents, which means they are breaking the law. A broker is not adhering to decent practices if it is not respecting the law. Moreover with regulated brokers your money is not insured etc.

      1. Unfortunately in the beginning of 2017 i had dealings with Ufx.com ,a trading platform licensed by the FCA. Those imbeciles wiped out almost half of my savings in a matter of days. They gave me false signals and on several occasion i noticed that they manipulated the spreads.
        So from my experience “licensed by the FCA” aint worth sh*t.

        1. Regulation is not a guarantee, but with a regulated broker chances are way higher that the broker will be good. In case you were scammed by a regulated broker, you should follow the standard procedure and complain first to the broker, and if it doesn’t help, to the regulator. The regulator will be able to help you. With unregulated brokers nobody will be able to help you.

  4. I repeat and repeat that “many people have many thoughts.”
    You can read many forums and chats, half will say that this is a scam / fraud, the other will protect it!
    I’ve seen a lot of people who do not like their support, do not like the platform and design, but seriously? Try and you will see. Try to see not only negative! I work with them, and support is good. I invested 1.2k and I got 3k profits on my account now, that’s why I cannot say bad words about it!

  5. RUN RUN RUN
    SCAM SCAM SCAM.

    Everything will be going well until you try to withdraw your money.

    £1500 disappeared without a trace, not even on my trades history’.
    when I rang them up, well their numbers don’t even work. so I emailed them to call me and when they did they culdnt explain it and blamed it on their software.

    Is a BIG SCAM.

  6. Hello. I just want to say that this is not a scam. If you need proof, write me your email address, and I’ll send you screenshots. Do not listen to that guys in the comments… I know that another brands pay them to write something bad!

    1. You work for safemarkets.com that’s is the reason you are saying that. The screen shots are all generated mate.
      THE MONEY IS UNWITHDRAWABLE. YOU CANNOT TAKE MONEY OUT ONCE DEPOSITED.
      Prove me wrong.

  7. Stole £10,250.00 GBP off me the thieves. No Trades done, money stolen, blocked my access, and avoid any calls. The FAKE Trading web site is also gone now.

    I hope that the law grab these individuals and put hem away forever.

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