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Novopus

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Operating status: SCAM

Website: https://www.novopus.org/#/

Broker violations and abnormal records
  • 2023-04-22 BrokersView has reviewed that Novopus is an unregulated broker

    Novopus claims to be legally offer financial services or products in forex trading by displaying images of certificates issued by Colorado Secretary of State and the the Financial Crimes Enforcement Network (FinCEN). We did find matching data on the former website, but couldn't find this company in the latter's register. The broker may be using a combination of true and false information to deceive unsuspecting investors. Furthermore, Colorado Secretary of State is to provide management and central support services for the Department of State and the FinCEN is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities. Both of them do not regulate forex markets. The authority to issue forex licenses and regulate entities engaging in such activities rests with the National Futures Association (NFA). However, we found Novopus is not an NFA-member and thus not subject to this regulator's oversight.

    In essence, Novopus is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Novopus claims to be legally offer financial services or products in forex trading by displaying images of certificates issued by Colorado Secretary of State and the the Financial Crimes Enforcement Network (FinCEN). We did find matching data on the former website, but couldn't find this company in the latter's register. The broker may be using a combination of true and false information to deceive unsuspecting investors. Furthermore, Colorado Secretary of State is to provide management and central support services for the Department of State and the FinCEN is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities. Both of them do not regulate forex markets. The authority to issue forex licenses and regulate entities engaging in such activities rests with the National Futures Association (NFA). However, we found Novopus is not an NFA-member and thus not subject to this regulator's oversight.In essence, Novopus is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

7 comments

Yedda Pritt
I know my loss in the scam cannot be considered big, if compared with others. But I still want to know if anyone has got a solution to withdraw money from it.
2022-07-24
Reply
Chester Haggai
Their website still cannot be opened...
2022-07-19
Reply
EudoraAlice
SCAM! SCAM! SCAM! SCAM! Website is broken, where can i get my money back!
2022-07-14
Reply
Enid Ivan
Very disappointing. ive talked to several agents to resolve the problem with my withdraw order and none did anything.
2022-07-12
Reply
Theodore Oliver
I do not recommend it. I lost my money, my account was blocked. Unable to contact their customer service.
2022-07-11
Reply
Astrid Huggins
Recently have trouble opening their website, it seems inaccessible.
2022-07-10
Reply
Bing Arthur
I want to know whether there is anyone earned the guaranteed daily bonus? I haven't. And I even can't withdraw my money. Please stay away the scam. I regret not checking reviews online before sending money to them.
2022-07-06
Reply
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