DE NOVO Broker Review

De Novo 2025 Review: Everything You Need to Know

　　In this comprehensive review of De Novo, we explore the critical aspects of this forex broker, including its regulatory status, user experiences, and overall reliability. The findings suggest that De Novo is a risky option for traders, particularly due to its questionable regulatory claims and negative user feedback.

　　Note: It is essential to recognize that De Novo operates under various entities across different regions, which may impact its regulatory compliance and user experience. This review aims to provide a balanced perspective based on multiple sources to ensure fairness and accuracy.

Ratings Overview

　　We evaluate brokers based on user feedback, expert opinions, and factual data from various sources.

Broker Overview

　　Founded in 2019, De Novo is a forex and CFD brokerage based in Bulgaria, with claims of being regulated in Spain. However, the lack of transparency regarding its regulatory status raises significant concerns. The broker offers a proprietary trading platform, but it does not support popular platforms like MT4 or MT5. Users can trade various assets, including forex, CFDs, stocks, and options, but the absence of clear information about account types and fees is alarming.

Detailed Section

Regulatory Status

　　De Novo claims to be regulated in Spain, but investigations reveal that this assertion may be misleading. Multiple reviews indicate that De Novo is not registered with any significant regulatory authority, which is a red flag for potential investors. According to WikiFX, De Novo has received a low score of 1.44 out of 10, indicating a lack of trustworthiness. This is further supported by PediaFX stating that the broker is unregulated and poses higher risks to investors.

Deposit and Withdrawal Options

　　De Novo does not provide sufficient information regarding its deposit and withdrawal methods. However, it is reported that the minimum deposit requirement is around $1,000, which is significantly higher than many competitors. Additionally, the broker primarily accepts bank wire transfers and cryptocurrencies, which can complicate recovery efforts in case of disputes. As noted by various sources, such as Reliable Forex Broker, the lack of a clear withdrawal policy raises concerns about potential difficulties in accessing funds.

Available Assets

　　De Novo offers a range of trading instruments, including forex, CFDs, government bonds, options, corporate bonds, stocks, and funds. However, the absence of detailed information about these assets, including spreads and commissions, makes it challenging for traders to evaluate the cost-effectiveness of trading with this broker.

Costs and Fees

　　While specific details regarding spreads and commissions are not readily available, users have reported hidden fees and challenges during the withdrawal process. Many reviews highlight that traders often encounter unexpected charges when attempting to access their funds, leading to a frustrating experience. According to Trust Breaking, traders have reported being blocked from withdrawing their funds after making initial deposits.

Trading Platforms

　　De Novo does not support widely-used trading platforms like MT4 or MT5, which can deter experienced traders who prefer these familiar interfaces. Instead, it offers a proprietary platform that has received mixed reviews regarding usability and functionality. As per PediaFX, the lack of a reputable trading platform is a significant drawback for potential users.

Restricted Regions

　　De Novo operates primarily in Bulgaria, which is considered a high-risk jurisdiction for financial services. Users from various countries have reported issues with withdrawals and customer support, indicating that the broker may not be suitable for traders seeking a reliable and secure trading environment.

Customer Service Languages

　　De Novo provides customer support in English, but user experiences suggest that response times can be slow and unhelpful. Many users have reported difficulties in resolving issues, which further diminishes the broker's credibility.

Repeated Ratings Overview

Detailed Breakdown

• 　　Account Conditions (3/10): De Novo lacks transparency regarding account types and associated fees, which is a significant concern for potential users.

• 　　Tools and Resources (4/10): The broker offers limited trading tools and resources, which may not meet the needs of all traders.

• 　　Customer Service and Support (4/10): While support is available in English, user feedback indicates slow response times and inadequate assistance.

• 　　Trading Setup (3/10): The proprietary trading platform does not support popular trading software, which may deter experienced traders.

• 　　Trustworthiness (2/10): The lack of regulatory oversight and negative user experiences contribute to a low trust rating.

• 　　User Experience (3/10): Overall user experiences have been negative, with reports of withdrawal issues and unresponsive customer service.

　　In conclusion, the De Novo review presents a concerning picture of a broker that lacks proper regulation and transparency. Potential traders should exercise extreme caution and consider alternative, more reputable options before investing their funds.