"No Frauds" is a diss track aimed at Remy Ma. The song's title and chorus are a response to a lyric from Ma's second diss track against Minaj, "Another One", where she raps, "I swear to God, this chick a real fraud." In the song, Minaj criticizes Ma for her time in jail and her record sales, while also accusing Ma of getting plastic surgery and not being able to get clearance from Jay-Z to include the remix of "All the Way Up" on Plata O Plomo. She also makes mention of her own relationship with comedian Ellen DeGeneres, rapping, "I am the generous queen, ask Ms. Ellen." She goes on to criticize "Another One" while suggesting that Ma uses a ghostwriter, rapping, "Tried to drop 'Another One', you was itchin' to scrap / You exposed your ghostwriter, now you wish it was scrapped." The song has a "tense" and "sneaky" beat. Social media users compared the song's production to that of Drake's song "Summer Sixteen", also produced by Cubeatz.
