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Novotrend

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2.0
(0 Review)

Founded: 2015 Min Deposit: 100 EUR/USD

Headquarters: Saint Vincent and the Grenadines Max Lev: 1 : 500

Risk Level I

Novotrend claims registration at SVG FSA, an authority, however, not responsible for forex trading.

Score
Business Scope
0.0
Trading Cost
2.0
Trading Platforms
2.0
Support
2.0
Licence Status
SVG FSA 23835IBC2017
Registered
Contact
team@novotrend.co
https://novotrend.co/
Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

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Company and Service

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Profile
Headquarters Address
Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines
Founded 2015
Time Zone GMT+4
Credit Profile No information
Trading Platforms
MT5
iOS,  Android
Contact
No Data
Others
Website Language
English,  Russian
Customer Service By
Email
Supported Language
English

Related Complaints

Q&A

Greetings, could you tell me about Novotrend's account information indetail?

Tibisay RM
Dominica
2023-12-07
ANSWER Novotrend offers both Demo and Real accounts. However, this forex broker is not licensed, and we strongly advise you to reconsider.Although Novotrend claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), it's important to note that this offshore financial watchdog does not issue licenses for forex trading and brokerage activities. It also does not regulate entities engaging in such activities. Therefore, Novotrend is not licensed in or from this jurisdiction, making its offerings unlawful. This lack of oversight is a significant warning sign of a potential scam. We at BrokersView continue to receive complaints from investors who have lost money to brokers registered only with the SVG FSA, which substantiates the significant risks posed by such brokers.Consequently, we advise you to steer clear of Novotrend and other similar brokers. Instead, opt for fully regulated brokers with solid reputations.
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Overall Score

2.0
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.