✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the Novatrades broker (also called novatrades.com), is a Forex and CFD options broker. Is Novatrades really recommended to make an investment? Or is it better not to invest with the company?
Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of Novatrades LTD.
As to its location, the broker mentions being based in the Marshall Islands.
If we analyze the regulation of the broker, is an UNREGULATED broker.
If now we go on to analyze account types that Novatrades offers, we note that it offers 4 types of account: Mini Account, Bronze Account, Silver Account and Gold Account.
Mini Account: basic training, personal account manager, expert advisor, fixed spreads, leverage up to 1: 100, access to forex news, resource center and knowledge center.
It is followed by Bronze Account: basic training, personal account manager, expert advisor, variable spreads, leverage up to 1: 100, access to forex news, resource center and knowledge center, webinars.
The third type of account is Silver Account: advanced training, experienced consultant, expert advisor, variable spreads, leverage up to 1: 200, access to forex news, resource center and knowledge center, webinars, one-on-one training.
The last type of account is the Gold Account: expert training, personal trainer, expert advisor, variable spreads, leverage up to 1: 200, access to forex news, resource center and knowledge center, webinars, one-on-one training, personal bonus policy, conditions operating personnel.
You can see even more features about the account types of the Novatrades broker (click here. to see the image in full size) in the following image:
All the platforms to operate that Novatrades offers are: Activ8 and Sirix.
We will now analyze the different resources and aids for traders that Novatrades provides on its website.
Novatrades provides the following help or resources to traders or interested parties: explanation of the different instruments that are possible to trade with Novatrades, explanation of other basic concepts in the world of trading such as technical and fundamental analysis, trend lines, glossary with terms related to the investments, economic calendar, charts with real-time quotes.
Other information about Novatrades
Some more information in case you want to contact the company, or see its website for yourself.
Website: www.novatrades.com/es/
Telephone: + 442033937724
Email: [email protected]
Ending with this section, in our opinion Do we believe that the Novatrades company is reliable? Should you invest your money with the company?
The truth is that Novatrades is an unregulated broker, and the CONSOB (Italian financial regulator) and FCA (UK financial regulator) have issued a warning against the company, we believe it is not recommended.
October 2019 update: CNMV, Spanish regulator, has warned about Novatrades
In addition to this, it is curious that in the "Account Types" section, on the Novatrades website, the information is exactly the same as on the website of another broker, InstaFX24 (here you can read a review on InstaFX24), which makes us think that perhaps the same people are behind both companies.
Attention XNUMX-hour: in March 2020 CONSOB has issued a new warning against Novatrades
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”120 ″]
This company will not let you withdraw. My husband was scammed, don't do it, you'll thank me later. Greetings.
Hello Luis Alberto, thanks for writing about Novatrades. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY
Greetings.