Score
NovaTrade
Vietnam|2-5 years| https://novatrade.io/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
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Website
novatrade.io
Server Location
United States
Website Domain Name
novatrade.io
Server IP
172.67.166.154
Company Summary
| NovaTradeReview Summary | |
| Founded | 2023-11-24 |
| Registered Country/Region | Vietnam |
| Regulation | Unregulated |
| Market Instruments | Digital money/Indices/Agriculture/Livestock/Currency pairs/Precious metals |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 0.2 Pips |
| Trading Platform | Novatrade Webtrader(Web) |
| Min Deposit | $250 |
| Customer Support | Phone: +033 7236 2732 777 |
| Email: support@novatrade.io | |
NovaTrade Information
NovaTrade is a broker. The tradable instruments include digital money, indices, agriculture, livestock, currency pairs, and precious metals. The broker also provides three accounts with a maximum leverage of 1:500. The minimum spread is 0.2 Pips, and the minimum deposit is $250. NovaTrade is still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Unregulated |
| 24/5 customer support | MT4/MT5 unavailable |
| Various tradable instruments | Inaccessible official website |
| Spread from 0.2 Pips | Unspecific transfer time and fee information |
Is NovaTrade Legit?
NovaTrade is not regulated, making it less safe than regulated brokers.
What Can I Trade on NovaTrade?
NovaTrade offers a wide range of market instruments, including digital money, indices, agriculture, livestock, currency pairs, and precious metals.
| Tradable Instruments | Supported |
| Digital money | ✔ |
| indices | ✔ |
| Agriculture | ✔ |
| Livestock | ✔ |
| Currency pairs | ✔ |
| Precious Metals | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
NovaTrade has three account types: beginner, classic, and pro. Traders who want low spreads can choose a beginner account, and those who want low leverage can choose a pro account.
| Account Type | Beginner | Classic | Pro |
| Minimum Deposit | $250 | $2500 | $25000 |
| Spreads | From 0.2 Pips | From 1.0 Pips | From 1.0 Pips |
| Leverage | 1:400 or 1:500 | 1:200 | 1:100 |
| Commission | USD 50 per 100000 | USD 25 per 100000 | 0 |
NovaTrade Fees
The spread is from 0.2 Pips, the commission is from 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
NovaTrade provides a dedicated NovaTrade Webtrader trading platform available on the web instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.
| Trading Platform | Supported | Available Devices |
| Novatrade Webtrader | ✔ | Web |
Deposit and Withdrawal
The minimum deposit is $250. NovaTrade accepts Visa, Mastercard, Neteller, and Skrill for deposit and withdrawal. However, the official website is inaccessible, so transfer processing times and associated fees are unknown.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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