Novotrend Forex Broker

NovotrendReview Summary Founded2021 Registered Country/RegionSaint Vincent and the Grenadines RegulationNo regulation Market InstrumentsStocks, metals, commodities, indices, cryptocurrencies Demo Account✅ LeverageUp to 1:500 SpreadFloating spread Trading PlatformMT5 Min Deposit$50 Customer SupportContact form 24/7 customer support Email: team@novotrend.co Regional RestrictionsThe United States, Canada, Sudan, Syria and North Korea and the European Economic Area's clients are not allowedNovotrend Information Novotrend is an unregulated broker, offering trading on stocks, metals, commodities, indices and cryptocurrencies with leverage up to 1:500 and floating spread on MT5 trading platform. The minimum deposit requirement is $50.Pros and Cons Pros Cons With demo accountNo regulation MT5 platformNo contact channels Low minimum deposit requirementIs Novotrend Legit? No. Novotrend currently has no valid regulations. Please be aware of the risk!What Can I Trade on Novotrend? Novotrend offers trading on stocks, metals, commodities, indices and cryptocurrencies. Tradable Instruments Supported Stocks✔ Metals ✔ Commodities✔ Indices ✔ Cryptocurrencies✔ CFDs❌ ETFs❌ Forex❌ Bonds❌Account Type Here are six account types Novotrend offers: Account TypeMin Deposit MT5_Real$100 MT5_AI/ MT5_STP$100 VIP$30K Affiliate Account/ Company Trading Account/Leverage MT5_AI account provides leverage up to 1:500. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.Novotrend Fees Trading Fees For cryptocurrencies, commodities and indices, the broker requires no commission for depositing or withdrawing profit. For stock, the commission is from 0.1 USD. Novotrend Spreads The broker offers floating spreads. Non-Trading Fees If a client requests a withdrawal when there is no trading activity, Novotrade reserves the right to charge the equivalent amount of any bank, exchange fee or 6% of the total withdrawal amount. If the account is considered inactive (no trading activity) for a period of 6 months, the broker will charge a monthly inactivity fee of 10 EUR/USD.Trading Platform Trading PlatformSupported Available Devices Suitable for MT5✔Windows, MacBook, mobileExperienced trader MT4❌/BeginnersDeposit and Withdrawal The broker accepts payments via QIWI, WebMoney, Visa, MasterCard, bank transfers and popular cryptocurrencies, such as Bitcoin (BTC) , Ethereum (ETH) , Bitcoin Cash (BCH) , etc. Deposit Options Deposit Options Min. DepositFees Processing Time Cryptocurrencies/By blockchainfrom 15 minutes to 4 hours Credit / Debit Cards/5%Instant Electronic Methods10 USD1%1 hour Bank Transfer500 - 50,000 EUR/Upto 3 days Withdrawal Options Withdrawal Options Min. Withdrawal Fees Processing Time Credit / DebitCard20 USD6% (Min 20 USD)Processed by us within 1 business day but you receive thefunds to your account in 3 to 5 business days dependingon your Credit Card provider WebMoney10 USD1%1 Working Day QIWI10 USD0.8%3 Working Day Cryptocurrencies/By blockchainfrom 1 hour to 24 hours