Broker Review

Unauthorised firm details

Name: Novastrade.com

Website: www.Novastrade.com

Novastrade has emerged recently in the online trading world, offering services like CFD and cryptocurrency trading. While the platform looks professional at first glance, multiple user reports and regulatory checks suggest caution before depositing funds.

What Users Are Saying

Real user reviews paint a concerning picture. On Trustpilot and other review platforms, several investors report problems withdrawing their funds. One user from Germany explained that after successfully trading and earning profits, attempts to withdraw both profits and initial capital were blocked or ignored. Others mention delays, poor customer support, and a lack of transparency when questions about fees or procedures arise.

While a few users praised the platform’s interface and trading execution, the negative experiences are more prominent, suggesting that issues with withdrawals and account management are widespread.

Regulatory Concerns

Novastrade has not been authorized by major financial regulators like the FCA (UK) to provide investment or trading services. This lack of licensing is a serious concern, as it means clients have very little legal protection if funds are mishandled. Independent sites like Scamadviser and Scam Detector also flag the platform as high-risk due to hidden ownership, a new domain, and a lack of verifiable credentials.

Key Red Flags

• New website with hidden or masked WHOIS/ownership details

• Unregulated, with no registration in recognized financial jurisdictions

• Withdrawal issues reported by multiple users

• Aggressive marketing and pressure tactics to deposit more funds

Recommendations for Investors

Investors should exercise extreme caution with novastrade. If you are considering trying the platform:

1. Start with very small deposits to test withdrawal procedures.

2. Keep detailed records of all transactions and communications.

3. Verify any claims of regulation or licensing directly with official financial authorities.

4. Avoid platforms that pressure for additional deposits or promise guaranteed returns.

Bottom Line

Novastrade.shows several characteristics typical of high-risk online trading platforms. While some users report positive experiences, the prevalence of withdrawal issues, unverified regulation, and negative reviews suggests potential risk for investors. Those seeking a safe trading environment are advised to explore regulated alternatives with proven track records.