NoorTrades

NoorTrades is a financial services firm registered in the United Kingdom under the company name NoorTrades, with its official website at noortrades.com. The company was incorporated on 16 October 2020 and lists its registered address as 71-75, Shelton Street, Covent Garden, London, England. This address is commonly associated with virtual office or business service providers, which may indicate a non-operational presence.

As of the latest review, NoorTrades does not hold any regulatory licences from the UK Financial Conduct Authority (FCA) or any other recognised financial regulator. The absence of regulatory oversight is a significant factor for traders to consider, as it means the broker is not required to adhere to standards such as client fund segregation or participation in compensation schemes.

Our verification of public registers confirms that NoorTrades is not authorised or registered with any financial regulator. The FCA register, as well as other major regulatory bodies such as the Cyprus Securities and Exchange Commission (CySEC) or the Financial Sector Conduct Authority (FSCA), show no matching entries. This lack of regulation means that clients would have no recourse to an ombudsman or compensation fund in the event of a dispute or broker insolvency.

Traders are advised to exercise extreme caution when dealing with unregulated entities. While some brokers operate legitimately without regulation, the absence of oversight increases the risk of unethical practices such as price manipulation, refusal of withdrawals, or sudden closure of operations.

NoorTrades was founded in October 2020, a period that saw a surge in new forex and CFD broker registrations. The company's registered address in Covent Garden is a common location for mail-forwarding services and does not necessarily indicate a physical trading floor or client service centre. No information is publicly available regarding the company's directors, ownership structure, or operational history.

The limited public footprint of NoorTrades, combined with its recent incorporation and lack of regulation, suggests that the broker may be a small operation or possibly a newly established entity aiming to attract traders through its website. Without more transparency, it is difficult to assess the firm's stability or long-term viability.

Based solely on the known facts, no details are available regarding the trading platforms, instruments, or account types offered by NoorTrades. The official website noortrades.com could not be accessed or analysed as part of this review, leaving a significant gap in understanding what the broker provides to its clients.

Typically, forex and CFD brokers offer platforms such as MetaTrader 4 or 5, proprietary web-based systems, or mobile apps. Instruments may include currency pairs, indices, commodities, and cryptocurrencies. However, without confirmation, these remain speculative categories that do not apply to NoorTrades in this instance.

There is no publicly available information on the payment methods, minimum deposit requirements, or customer support channels offered by NoorTrades. Many brokers provide multiple funding options such as bank transfers, credit/debit cards, and e-wallets, but these details are not confirmed for this entity.

The lack of accessible support information is a major red flag for potential clients. A legitimate broker typically makes its contact details, including phone numbers and email addresses, readily available. Without such transparency, clients may face difficulties in resolving issues or withdrawing funds.

FXCanary has assigned NoorTrades a Scam Risk Score of 45 out of 100, categorised as 'Guarded'. This score reflects the high risk associated with unregulated brokers and the absence of verifiable information. The score considers factors such as regulatory status, company transparency, and online reputation.

A 'Guarded' rating indicates that traders should approach this broker with significant caution and conduct thorough due diligence before any financial commitment. The lack of regulatory oversight and limited public presence are primary contributors to this risk score.