NovaTrade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://novatrade.io/trade/, about the company's legal and temporary regulatory information, the company's address .
NovaTrade Forex Broker
Basic information
Vietnam
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
NovaTrade Information
NovaTrade is a broker. The tradable instruments include digital money, indices, agriculture, livestock, currency pairs, and precious metals. The broker also provides three accounts with a maximum leverage of 1:500. The minimum spread is 0.2 Pips, and the minimum deposit is $250. NovaTrade is still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Unregulated |
| 24/5 customer support | MT4/MT5 unavailable |
| Various tradable instruments | Inaccessible official website |
| Spread from 0.2 Pips | Unspecific transfer time and fee information |
Is NovaTrade Legit?
NovaTrade is not regulated, making it less safe than regulated brokers.
What Can I Trade on NovaTrade?
NovaTrade offers a wide range of market instruments, including digital money, indices, agriculture, livestock, currency pairs, and precious metals.
| Tradable Instruments | Supported |
| Digital money | ✔ |
| indices | ✔ |
| Agriculture | ✔ |
| Livestock | ✔ |
| Currency pairs | ✔ |
| Precious Metals | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
NovaTrade has three account types: beginner, classic, and pro. Traders who want low spreads can choose a beginner account, and those who want low leverage can choose a pro account.
| Account Type | Beginner | Classic | Pro |
| Minimum Deposit | $250 | $2500 | $25000 |
| Spreads | From 0.2 Pips | From 1.0 Pips | From 1.0 Pips |
| Leverage | 1:400 or 1:500 | 1:200 | 1:100 |
| Commission | USD 50 per 100000 | USD 25 per 100000 | 0 |
NovaTrade Fees
The spread is from 0.2 Pips, the commission is from 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
NovaTrade provides a dedicated NovaTrade Webtrader trading platform available on the web instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.
| Trading Platform | Supported | Available Devices |
| Novatrade Webtrader | ✔ | Web |
Deposit and Withdrawal
The minimum deposit is $250. NovaTrade accepts Visa, Mastercard, Neteller, and Skrill for deposit and withdrawal. However, the official website is inaccessible, so transfer processing times and associated fees are unknown.