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Is NovaProfiting regulated? Many thanks.
Noor Edden Dewan
France
2025-03-18
ANSWER Dear Investor, It is strongly advised to avoid any involvement with NovaProfiting. The platform's online presence was hastily created using a template commonly associated with fraudulent trading schemes, which raises significant concerns about its legitimacy. Furthermore, its domain name was registered as recently as late May 2024, signaling a lack of credibility and an unestablished track record. Additionally, the Federal Financial Supervisory Authority (BaFin) has issued a clear warning against NovaProfiting, highlighting these troubling characteristics and advising investors to steer clear. Based on these factors, NovaProfiting strongly appears to be a scam, and investors should exercise extreme caution.
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Can I trust NovaProfiting?
NorsemanQ
Cambodia
2024-12-23
ANSWER Dear Investor, Thank you for reaching out. Our investigation suggests that NovaProfiting cannot be trusted. This is a new trading platform, built with a website template commonly associated with fraudulent activities. Most of the content and graphic designs come from the template, possibly not reflecting NovaProfiting's true business. The company behind the brand remains anonymous, keeping investors in the dark about its true information to stay untraceable. The Federal Financial Supervisory Authority (BaFin) has investigated NovaProfiting and issued a warning, advising investors to avoid this unauthorized firm. Therefore, we strongly advise against using NovaProfiting. For a safer trading environment and peace of mind, we recommend choosing fully regulated brokers.
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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.

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