Nonko Trading ***Update***

Thanks for reading today’s update of Nonko Trading.

On June 20, 2015 I published a review of Nonko Trading. My allegations were simple and direct, that Nonko Trading was masquerading as a stock broker for underfunded day traders. That Nonko’s day trading platform, also known as Logix had no exchange connectivity, and was little more than a stock trading video game. Nonko Trading  was specializing on preying upon the naive and uninformed. Traders desperate to gain 20X leverage on initial deposits were induced into wiring their monies into third world banks with zero transparency, and zero recourse. Once the money was deposited, it simply disappeared beyond a carefully constructed wall of deceit and misappropriation.

My original article exposed the fraud in its entirety. Nonko responded to my article by launching a non stop attack on my website which included nearly nonstop DDOS attacks, as well as multiple attempts at hacking into various back door entries in my website. Unfortunately, they succeeded to some degree and for the past three weeks, my website has been slowly closing down the attacks and securing the website from various vulnerabilities. In total, for the past three weeks, the TradingSchools.Org website has been online only about 35% of the time. To those of you reading this, and were wondering what was happening, you now know the truth. Nonko was spending a great deal of money in an attempt to destroy my website.

The latest news

About 10 days ago, the homepage of Nonko Trading posted a clear headline that Nonko Trading was no longer accepting United States based trading accounts. This was the first warning that something was amiss. A couple of days later, Nonko then began blocking all United States based IP addresses. This was yet another clear sign that they were attempting to build a fire wall and were planning their escape.

As of Monday, July 13, Nonko Trading had officially deleted their various websites from the internet, as well has began scrubbing social media profiles. In addition to the disappearance of the websites and social media, the Nonko Trading main telephone number, the support telephone number, and the fax number are all disconnected. They have simply vanished.

By the afternoon of Monday, July 13 I began to receive a deluge of emails and phone calls from very terrified Nonko account holders. These account holders were attempting to log into the Nonko Logix trading platform, and that they had been denied entry. The platform had simply shut down. Several of the individuals that I spoke with were absolutely livid and wanted to find these guys and kill them. Several were despondent and simply could not believe what was happening. One gentlemen, only 2 days prior had wired into Nonko $5,000 and his money simply disappeared. Many, many others are sitting on account balances of various amounts of simply cannot believe that this happened.

Until the very end

In speaking directly with many of these people, they had actually read my negative review on June 20, and in spite of this damning information, they continued to believe and wired Nonko monies. Why? Because at the very heart of the scam was the affiliate program that Nonko offered to day trading rooms like LiveTraders.net, RealLifeTraders, TradeTechEquities, DayTradingPower, etc. This is just a few. And many of these rooms, I had written highly positive articles. I specifically warned these live trading rooms that Nonko is going to destroy their reputations and that they will be the only ones remaining to point a finger at. None of the victims that got scammed by Nonko were aware that every single time they traded, the trading room was earning a commission. This aligned the interests of the trading rooms with Nonko, they are in collusion. As this case makes its way towards its inevitable criminal prosecution, the trading room operators will be the easiest to find.

How guilty are the trading room operators? Until the very end, they continued to push Nonko. Even after I had warned them of the dire consequences, many told their subscribers that my information was not valid and that Nonko could be trusted. Shame on them. They did not treat their subscribers as an asset, just something to be exploited and used. How could the trading room operators be so callous? Quite simply, they needed to help their subscribers get the needed leverage from smaller accounts. Think about it…the trading room operator could not offer a trading room unless his subscribers could get the needed leverage. Shame on the trading rooms. They knew better. Anything less is willful ignorance. Hopefully, they have learned something.

Nonko Post Mortem

Most of the readers that contact me regarding Nonko tell the same story, that they deposited $2k-$10k and had lost all of the money deposited inside of their trading account. I could not disagree more. You lost nothing. Understand something, none of your trades ever made it onto an exchange. The Logix trading platform was just a video game. You were trading on a simulator the entire time. You lost nothing. Your money is probably sitting in an account someplace, it was never lost. And you should want it back. All of it. Some readers say to me, “no, I lost it fair and square with losing trades”. My reply is no, you did not lose it fair and square, you were being scammed from day one. You were trading on a simulator the entire time. It was nothing more than a video game, like Xbox or Nintendo.

Overwhelmingly, when speaking with the victims, I hear in their voices how embarrassed and ashamed they feel for being so naive. All of the flags of fraud were so clearly flying and signalling a clear warning of fraud. But they simply could not overcome their own greed, they could not acknowledge what was so obvious from the beginning. Lets once again take a quick look at the obvious red flags:

  1. Nonko Trading had no listed ownership, nor would anyone admit to owning the company.
  2. No company address, or country of origin.
  3. No phone number.
  4. Refused to disclose any broker dealer relationship.
  5. Would accept money from anyone, in any form, with no ID.
  6. Logix Trading Platform had no stock exchange connectivity.
  7. Parked orders never appeared on Level 2 order book.
  8. Filled orders never appeared on TOS.
  9. Customers were required to fund account by depositing into 3rd world banks known for money laundering.
  10. Nonko was blatantly violating dozens of US criminal statutes regarding money laundering.
  11. Nonko was acting as an unregistered broker dealer soliciting and accepting US customer funds.
  12. Nonko created an illegal sub broker hierarchy that employed trading rooms to market and distribute the scheme. This is a clear RICO violation opening all parties to criminal prosecution.
  13. Nonko had already been caught at a prior time of issuing simulated trading accounts while at DAS.

Nonko’s Worst Nightmare

What does Nonko’s worst nightmare look like? Very simply, if current or past Nonko customers begin filling in the form below. The big problem with financial fraud is how all of the victims are spread out so thinly, over periods of time, different jurisdictions, with varying degrees of complaint. If Nonko customers come forward and begin completing this form below…then all of this information goes directly to the SEC and the FBI, grouped and organized. Having everyone together, filing a single complaint at the same time, creates a situation that the authorities simply cannot deny.

Can Nonko Escape?

No. From my prior investigation, the only party that I do not have the exact location is Naris Chamroonrat. Probably hiding somewhere in Thailand. However, I have the home addresses of his mother and his sister, living in the United States. No, I will not be publishing this information, as they have done nothing wrong. However, law enforcement will certainly appreciate knowing how to find his immediate family. Also of particular interest is that Naris is a US citizen, so tracking him down and expediting him for criminal prosecution should be relatively easy.

Well that’s it for today. Sorry this was such a negative follow up on the original review. Normally, since Nonko has simply disappeared then whom would care about a follow up? However, I have a different perspective on this…lets put focus on the scammers and force them into the light. The more we expose these scams, the less likely in the future we all will be taken advantage of.

Once again, don’t forget to leave your comments below. Even the haters will find that their voices are heard.

 

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139 Comments
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al bundy
al bundy (@guest_12139)
3 years ago
Bryan Medina
Bryan Medina (@guest_6189)
4 years ago

Emmett I just opened a trading account with Suretrader today which I have not funded. Few hours later I find this horrid news from Guy Gentile and the SEC litigation. Would you recommend it’s best to close my Suretrader account or would it be safe to trade on this platform despite the Gentile accusations?

BigLou
BigLou (@guest_6198)
4 years ago
Reply to  Emmett Moore

HOLY SHIT!
I got alot of friends using suretrader are the accounts there in trouble?

sam
sam (@guest_6206)
4 years ago
Reply to  Emmett Moore

Olyshiz. Was the stock clearing service for suretrader accounts also an unregistered entity in the bahamas? Hope it doesn’t end up another pfgbest for the account holders. Up to last friday they were still recommending 1k accounts with the “1k to 8k” challenge on Warrior Trading!
“(new member)
im down to $1k from $4k acct when i funded..I want to focus on how u turned ur 1k into 8100..do u suggest i buy with all my buying power like you did, or just take very small size like 500 shares?
• (shill)
( ) start small. you don’t have a lot of capital and he knows what he is doing to aim big

http://ticker.tv/daytradewarrior/56f99560f72261993386de27

Stray Dog
Stray Dog (@guest_6199)
4 years ago
Reply to  Bryan Medina

Don’t fund it until the dust settles and you know what’s happening with Unsuretrader.

BigLou
BigLou (@guest_6053)
4 years ago

Speaking of suretrader is this
http://www.sec.gov/litigation/litreleases/2016/lr23496.htm
same guy as owner of suretrader?

sam
sam (@guest_6058)
4 years ago
Reply to  Emmett Moore

Ugh, this guy is the founder and ceo of suretrader and speedtrader? It all connects. Sykes, to Bond, to Ross http://www.timothysykes.com/2012/01/10-reasons-why-suretrader-is-the-new-best-broker-for-short-selling-penny-stocks-video/
Most everyday in the warrior chat room they talk about using suretrader to beat the pattern day rule in the bahamas.

BigLou
BigLou (@guest_6150)
4 years ago
Reply to  sam

Sam looks like Timmy boy has removed any connection to that, when you click on the hypelink this is what you get below.

This is somewhat embarrassing, isn’t it?

It seems we can’t find what you’re looking for. Perhaps searching can help.

This could be giant snollball coming down the mountain.

BigLou
BigLou (@guest_6149)
4 years ago
Reply to  Emmett Moore

I have been following you Emmett for long time and cannot thank you enough for what you do. When I first saw that report I could not believe it , struck me like NO WAY I read that name on tradingschools.org on the NONKO fiascal can it be the same person so I had to share it with you since you are the master at finding the truth.

Jeff
Jeff (@guest_5678)
4 years ago

Emmett,

Is Nonko trying to reinvent themselves? This came in my spam folder this morning. Since they are promoting Logix…

http://tradersimulator.com/

Max
Max (@guest_5050)
4 years ago

Are these guys open again????
http://elitetradershub.com
Logix Platform, 20:1 leverage, open a few months, registered on Godaddy since October by domainsbyproxy.com which hides all their information (why hide?), all looks the same. I smell a RAT, you know who…… 🙂

Noam
Noam (@guest_4538)
4 years ago

Thanks for a great website. The work you’ve put into everything here is impressive and commendable.
As for Nonko, you may want to update this list now:
https://www.tradingschools.org/proprietary-trading-firms-2015/

And thanks again for all this wonderful work you’re doing.

Daffyd
Daffyd (@guest_3324)
5 years ago

Wow – just wow! Sorry to hear this Steven, I hope the authorities catch up with these guys pretty soon.

I was considering G6 and using the Logix platform.. Back to the drawing board for me.

Steven
Steven (@guest_3309)
5 years ago

To: G6, Logix, Nonko and all the other companies run by Naris Chamroonrat, Ran Armon Yaniv Avnon,

So, you think by giving Emmett an account that does not begin with TRN it clears your name? lol…
To start with, I would like to address your statement to Emmett “To tell the truth about Logix” I think I may be able to shed some light on this and the real truth, let me explain.

I opened a trading account with Nonko via the G6 website in 2013, here Yaniv would solicit people via G6 to Nonko but then just reply via Nonko. My account began with TRVN which has now been exposed by DAS trader as a demo account, a video game if you will, but was told this was a live account by both G6 and Nonko, we all thought we were trading with our own money.

In September 2014, unbeknown to me we were told that our trading software was no longer DAS and now LOGIX and we were to download the new software and begin trading. The LOGIX platform was full of bugs, orders were being taken but no confirmation was seen on the screen, I was effectively putting orders in and they were live but I was unaware. I mentioned this to Ran in the G6 chatroom, he had no advice to give, 30 mins went by and I put in another order to trade another stock, same as before no live order showed. I posted this again in the chat room and another room member advised me to re-login, and there were my trades with no stops in place with treble the size and NOW in the red!

I asked Ran what I should do, he replied close out the trades, I did so and was expecting a full refund due to the Logix software error, there were so many complaints going on that G6 had to open a separate LOGIX troubleshooting room to cope with the influx of complaints.
I waited over the weekend for my monies to be returned to me but this did not happen, Ran asked me to send Nonko (him) an email stating my complaint, which I did. The reply that I got was that they blamed me for the error but would return the funds of my TRZN account and the losses if I were to close down the account and forced me to sign an NDA agreement stating that if I ever mentioned this in a chat room or online they would sue me for $20,0000 yes $20k!

I had the NDA checked over by a UK lawyer who laughed and said it does not mean a thing, I signed it 3 weeks later and received the remaining balance. At this time I contacted the SEC (the representative exclaimed ‘oh the nonko scam’, and told me about the video game account) and their equivalent in the UK, Canada, Hong Kong and Caribbean (Belize). I also contacted the forum host ‘click meeting’ as they were grooming/ soliciting members of the public, using their software.. I reported the issue to the UK police ‘Action Fraud’ department and received a crime number.

I am now seeking reimbursement for ALL of my money I have deposited into my TRZN account AS THIS ACCOUNT WAS A DEMO ACCOUNT! Through Nonko and G6 and will not stop until I get this back.

Ran I understand that you had a 40 min telephone conversation with Emmett and said ”if Nonko is so bad, then where are the customer complaints?”
Well I’m here now! If you threaten people with a $20,000 law suit stating if they mention this scam in public you will sue them, how many other people did you sent this NDA to? I would love to know and so would the FBI as this is blackmail.

I have for the past year been collated evidence that G6 and Nonko are one of the same, and even have proof that Logix was set up by Mr ChamroonRAT (extra emphasis on the rat). G6 is continuing to swindle and dodge the authorities – do yourself a favour and dodge these thieves. Others affected like me, should come forward, so as a group we can make sure they are bought to justice.

Here is a copy of the NDA they threatened me with…
NON-DISCLOSURE AND ANTI DEFAMATION CLAUSE
BETWEEN: ME
AND: [Nonko Group LLC ] (the “Second Party”), a company organized and existing under the laws of the [Nevis], with its head office located at: [Room 1702, Sino Centre, 582-592 Nathan Rd.,Mongkok, Kowloon,]
Me agrees not to attack/criticize [Nonko Group LLC] and any of its employee, associate or partner publicly (on public forums, blogs, social networks etc) at any time during or subsequent to contract period. Similarly client agrees not to seek for seo advice on seo forums, blogs, community groups or any social media in a way which brings bad name to the company or any of its employee, associate or partner. In case of breach of this clause, client agrees to pay US$ 20,000 to [Nonko Trading] as damages.
CONFIDENTIALITY
Me shall not disclose any of the Confidential Information in any manner whatsoever of this Agreement, and shall hold and maintain the Confidential Information in strictest confidence. Recipient hereby agrees to indemnify Nonko Group LLC against any and all losses, damages, claims, expenses, and attorneys’ fees incurred or suffered by Nonko Group LLC as a result of a breach of this Agreement by Me or My Representatives.
NON-DISCLOSURE
Me will not at any time, whether during or after his this agreement is executed, disclose to any person or use any Confidential Information, or permit any person to examine and/or make copies of any documents/emails/chats which contain or are derived from Confidential Information, whether prepared by Me or otherwise coming into the possession or control.
IRREPARABLE HARM
Me understands acknowledges that any disclosure or misappropriation of any of the Confidential Information in violation of this Agreement will cause Nonko Group LLC irreparable harm and agrees to pay Nonko Group LLC in the amount of $20,000 from said disclosure.
ENTIRE AGREEMENT
This Agreement expresses the full and complete understanding of the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous proposals, agreements, representations and understandings, whether written or oral, with respect to the subject matter.

FIRST PARTY SECOND PARTY
Authorized Signature Authorized Signature
Print Name and Title Print Name and Title

Im sure you will all agree this was very upsetting for me and my pregnant wife when we received this, and there was no other way to get back our life savings, except to bow to their demands and become a blackmail victim as well as being scammed with a demo account.

So Nonko/G6 I hope that you carry out your above threat and we can have our day In a court of Law.
I look forward to your reply…
Steven

raj
raj (@guest_9525)
4 years ago
Reply to  Steven

Steven,
I am also a victim of Nonko fraud and lost money . How can I join you

G6 Trading
G6 Trading (@guest_2983)
5 years ago

Emmett,
Looking forward to hear from you, also sent you an email regarding this, would love to hear about your experience trading on Logix, its been 2 weeks now.

G6 Trading

Catherine
Catherine (@guest_3046)
5 years ago
Reply to  G6 Trading

I seriously would like to know how setting up one legit account changes anything.

G SIX TRADING
G SIX TRADING (@guest_2598)
5 years ago

Hi Emmet,

We Sent you an email last week with a funded account of Logix and more info
as promised in our previous comment.

We are looking forward to your reply and review.

If you didn’t receive it please contact us

Stray Dog
Stray Dog (@guest_2600)
5 years ago
Reply to  G SIX TRADING

How does providing Emmett with a funded account prove that you have connections to an exchange? Emmett trades and hopefully he makes a profit. You give him his money. What have you proven? Absolutely nothing. Where is the official documentation proving that you are connected to an exchange?

G SIX Trading
G SIX Trading (@guest_2450)
5 years ago

Hi,

I’ll just put it here:
https://www.youtube.com/watch?v=IyveUHwEh1w

My only comment is that so many things Emmet wrote are simply not truth!

Emmet, I challenge you to trade on Logix with 100 USD of G6 funds, what ever you make you can withdraw, if you lose we ask you for one thing and one thing only:
To tell the truth about Logix..

Waiting for your email, our email is: info.at.g6trading.com

G6 Trading

Flunky Trader
Flunky Trader (@guest_3708)
4 years ago
Reply to  Emmett Moore

Your comment doesn’t make sense. If he executes the trade on logix, and it shows up on the T & S of TOS, then that shows it is hitting the exchange and is being traded. There is no paper trading exchange that all paper trading accounts are linked to lol…

Stray Dog
Stray Dog (@guest_2485)
5 years ago
Reply to  G SIX Trading

Big spenders … $100, US dollars no less. Phew let me sit down and enjoy the fantasy of having a whole 100 dollars to play the market with. And exactly how does allowing Emmett to withdraw his winnings prove that you have exchange connectivity? If you actually do have a real connection to a real exchange you could prove it without this stupid $100 deal. It’s a mad as Dave’s trading contest with Emmett. How that had anything to do with the accuracy of Emmett’s reviews I still can’t figure out.

Chuck
Chuck (@guest_2488)
5 years ago
Reply to  G SIX Trading

You mean what ever he makes he can withdraw it also? Wow what a concept. I thought I was just donating money to you – but now I can withdraw it also – man this is great!!!

Martin
Martin (@guest_2541)
5 years ago
Reply to  G SIX Trading

Did Srinivas get he’s $25 k you owe him?

Catherine
Catherine (@guest_3045)
5 years ago
Reply to  G SIX Trading

How does losing $100 make the reviews different? Flipping a coin doesn’t change a thing. Also, in the video the speaker says it’s a review of Logix but doesn’t disclose that G6 is Logix. WTF?

G6’s Facebook also has recent Likes from the two other guys from Logix.

But really, how does winning or losing $100 actually affect reality?

Martin
Martin (@guest_2447)
5 years ago

Another site pushing Nonko

http://www.ibertraders.com/

Or
Or (@guest_2423)
5 years ago

Hi,

Does anyone knows if this site is related to the whole nonko scam?

http://www.logixtrader.com

Or
Or (@guest_2443)
5 years ago
Reply to  Emmett Moore

OK thanks. I guess changing names s part of their strategy 🙁

G6Trading
G6Trading (@guest_2484)
5 years ago
Reply to  Or

Or,

Check out this video, no scam and no nothing:
https://www.youtube.com/watch?v=IyveUHwEh1w

Tami
Tami (@guest_2384)
5 years ago

Probably this comment will not be published like the last one.. but i’ll try anyway
im a trader with G6 Trading for the past 3 years..

I think Emmet is way off with everything, the fact that people are deciding to hear one side it’s pure internet frade and shaming without consider what is the truth and what isn’t

@Antiguatech the video above shows exactly what we (people who trader with G6) no for months: “That everything is legit”, im a CTO in and a computer enginner i can say for sure that when order show in the Time and Sale like they do in that video and in my account it means they are legit and going through the market, no CFD platform will ever have that, Only a legit platform will do!!

So keep crying or telling yourself that Mr. Emmet is the pure and right , but we know the real truth

Good luck to all of you

Stray Dog
Stray Dog (@guest_2389)
5 years ago
Reply to  Tami

@Tami, “Probably this comment will not be published like the last one.. but i’ll try anyway” You’re a CTO and a computer engineer and you don’t know how to post a comment on a public forum! Your employer is in big trouble.

Antiguatech
Antiguatech (@guest_2375)
5 years ago

Hello guys, as of yesterday G6Trading is still advertising and reviewing the Logix platform scam on YouTube.
See below:
Published on Sep 23, 2015
G6Trading 2 hrs ·
Logix Platform Quick Review https://www.youtube.com/watch?v=UktAKHNeS1w

James
James (@guest_2278)
5 years ago

I think you need to update your site. You should reflect the fact that DTP was pushing ppl toward nonko, there for he is a scammer as well… If you wish to keep your rep as an honest reviewer then keep it real. On a side note it would be good if you could also archive your older reviews, so they are outta the way. One minute I was reading how you couldn’t find any dirt on nonko and that Chris from DTP was using them so they must be legit, then next post your going on about how Nonko are now a complete scam, Just saying, would be nice to see your site organised a bit better.

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