DE NOVO Forex Broker

Note: The information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader. In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation. DE NOVO Review Summary Registered Country/Region Bulgaria Regulation Unregulated Market Instruments Shares, units, corporate bonds, government bonds, options, CFD, forex and individual portfolio management Demo Account Not Mentioned Trading Platform Not Mentioned Minimum Deposit Not Mentioned Customer Support (From 9:30 a.m. till 5:00 p.m.) Phone, email and Facebook What is DE NOVO？ DE NOVO, a financial platform based in Bulgaria, offering an array of market instruments including shares, units, corporate bonds, government bonds, options, CFD, forex, and individual portfolio management. DE NOVO operates in an unregulated environment. DE NOVO supports available during business hours via phone, email, and Facebook. If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics. Pros & Cons Pros Cons A range of trading instruments Not regulated Individual portfolio management Report of scam Unclear trading conditions (spreads, commissions, swaps, accounts, funding methods) No 24/7 customer support Pros: - Range of Trading Instruments: DE NOVO offers a diverse range of trading instruments, providing investors with various options to diversify their investment portfolios. - Individual Portfolio Management: The platform offers individual portfolio management services, allowing investors to customize their investment strategies to align with their financial goals and risk preferences. Cons: - Not Regulated: Operating in an unregulated environment means that DE NOVO lacks oversight from government or financial authorities, exposing investors to potentially higher risks of fraud and misconduct. - Report of Scams: The presence of a report of scams suggests that there may be a history of fraudulent activities associated with the platform, raising concerns about the safety and security of investors funds. - Unclear Trading Conditions: The lack of clarity regarding trading conditions, including spreads, commissions, swaps, account types, and funding methods, can make it challenging for investors to assess the cost-effectiveness and suitability of the platform for their needs. - Limited Customer Support: DE NOVO does not offer 24/7 customer support, which may inconvenience investors who require assistance outside of regular business hours. Is DE NOVO Legit？ DE NOVO operates without oversight from government or financial authorities, leaving investors exposed to significant risks. The absence of regulation means that the individuals managing the platform have the freedom to act without accountability. They could potentially misappropriate investors' funds and evade legal repercussions. Investors face the alarming possibility of losing their investments without any recourse. Furthermore, the lack of regulation implies a lack of transparency and safeguards, making it difficult for investors to assess the platform's legitimacy and reliability. Market Instruments De Novo offers a comprehensive range of trading instruments across various markets and asset classes. - Shares: Bulgarian Stock Exchange - Sofia Frankfurt Stock Exchange, XETRA International markets - Units: Mutual Funds in Bulgaria and abroad Exchange Traded Funds (ETFs) - Corporate Bonds: Bulgarian issuers, Bulgarian Stock Exchange - Sofia Eurobonds market - Government Bonds: Secondary market Primary market, auctions held by Bulgarian National Bank - Options: Exchange-traded standard contracts, XETRA - CFD (Contracts for Difference): Financial instruments providing margin trade on shares and commodities - FOREX Trading: Standard FOREX Trading Margin FOREX Trading Additionally, De Novo offers Individual Portfolio Management, a personalized service for clients who seek a high level of trust and customization in managing their financial assets. This service is suitable for wealthier individuals with longer-term investment horizons and institutional investors like insurance companies. De Novo offers three types of portfolios based on structure, risk level, eligible financial instruments, and operations. User Exposure on WikiFX On our website, you can see a report of scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you. Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: +359 2 950 51 94 Email: contact@denovo.bg Address: 28, Hristo Belchev Str., 1000 Sofi Moreover, clients could get in touch with this broker through the social media, such as Facebook. DE NOVO offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders. Conclusion In conclusion, DE NOVO offers a range of trading instruments and individual portfolio management services, providing investors with options to diversify their portfolios and customize their investment strategies. However, the platform operates in an unregulated environment, leading to unclear trading conditions and increased risks of fraud. Limited customer support and reports of scams further raise concerns about investor safety. Therefore, while DE NOVO may present opportunities for investors, it's crucial for them to consider the associated risks before engaging with the platform. Frequently Asked Questions (FAQs) Is DE NOVO regulated by any financial authority？ No. It has been verified that this broker currently has no valid regulation. How can I contact the customer support team at DE NOVO？ You can contact via telephone: +359 2 950 51 94, email, Facebook and online messaging. What services and products DE NOVO provides？ It provides shares, units, corporate bonds, government bonds, options, CFD, forex and individual portfolio management. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.