Reported as a scam / unregulated
Why NoorTrades is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.