Neobrok

Neobrok's website does not do it justice just how bad things actually are with this broker. Where do we even start… Well, that's for the review to envelop. For now, we  can tyalk about the general vibe of the site, and at first we won't blame you for taking a side with the company for it actually seems quite legit. At first though. After mere minutes users will find themselves in what we call brokerage purgatory for a number of reasons.

The first one being the official registration address of the broker. The official information on the website claims that the company is incorporated in Saint Vincent and the Grenadines. Here is where things get spicy. First of, it matters not if the broker is registered or not in this country, for Saint Vincent and the Grenadines does not have an FX regulator, and it has stated so on numerous occasions! There is no regulatory body to oversee FX businesses, so even if Neobrok is registered, it certainly isn't regulated.

The other bad news for Neobrok is rather ironic, for it actually encompasses the fact that there are no further regulatory of registration details anywhere on the site.

It is here that we move to deem the broker as an unregulated entity and a risk to all users investing in it.

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

Next we move on to the other major problem. First of all, there was no registering an account because the broker required a promo code, which is a way for the company to get to know user on a more personal level. This happens because the only way to acquire such a code is to be contacted or contact the broker and have a long conversation with it that spans multiple calls during which Neobrok will pull the client ever closer to investing; this is how most FX scams actually function.

At times like these we tend to move to the website of the broker and quote it on all trading conditions. However, with Neobrok it's never that easy. Here the problem is that there is absolutely no trading information on the website. We cannot give our users a picture of the trading conditions: no spreads, no leverages, and no tradeable assets have been revealed.

NEOBROK LOGIN

Without creating an account, we usually turn to the website to find a trading platform. But here there was no platform download link, meaning that we cannot really trust the claims by the broker that it offers an advanced web trader.

We would not be surprised if it turns out that there is no trading software. Whatever the case might be, Neobrok remains an unregulated scam!

NEOBROK MINIMUM DEPOSIT

By now you probably know to expect a complete lack of payment information.

Without creating an account – a risky act in and of itself- one cannot get any payment conditions.

The website offers nothing in terms of payment details.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

NEOBROK WITHDRAW TIME AND FEES

We truly don't believe that anyone would be able to withdraw from here. The broker never once gives us any hope of this.

Moreover, there is no withdrawal payment information to be disclosed anywhere on the website. We consider the lack of these crucial payment details to be the last straw. There is nothing more we can do.

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a chargeback with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

In the introduction we talked about brokerage purgatory. Now that we have finalized the review, we hope readers have figured it out. Here's the explanation anyway: there is nothing to do with this broker and everything is completely irrelevant, so much so that we compare it to being stuck in a void.