NovusCM Broker Review

　　

NovusCM 2025 Review: Everything You Need to Know

　　In the ever-evolving landscape of online trading, NovusCM has emerged as a notable player, albeit with a controversial reputation. This review consolidates various insights regarding NovusCM, highlighting both its features and flaws. While the platform claims to offer competitive trading conditions and a range of financial instruments, user experiences and expert opinions suggest a more nuanced reality.

　　Note: It is crucial to understand that NovusCM operates under different entities across various regions, which may impact regulatory oversight and user experiences. This review aims to present a fair and accurate depiction based on available information.

　　

Rating Overview

Category	Rating (out of 10)
Account Conditions	4
Tools and Resources	5
Customer Service and Support	3
Trading Setup	5
Trustworthiness	2
User Experience	4

　　How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert reviews, and factual data from multiple sources.

　　

Broker Overview

　　Founded in 2017, NovusCM is a trading platform that offers various financial instruments, including CFDs on stocks, indices, commodities, and cryptocurrencies. It operates primarily through the MetaTrader 4 (MT4) platform, which is known for its advanced charting capabilities and user-friendly interface. However, one of the significant drawbacks highlighted in multiple reviews is the absence of regulatory oversight, raising concerns about the safety of user funds.

　　

Detailed Breakdown

　　Regulatory Regions: NovusCM is not regulated by any major financial authorities, which poses significant risks for traders. The broker is associated with Velmon Enterprise Ltd, located in the Marshall Islands, a jurisdiction known for lax regulatory standards. This lack of regulation is a recurring theme in user reviews, with many expressing concerns about the potential for fraud or mismanagement of funds.

　　Deposit/Withdrawal Methods: NovusCM allows deposits and withdrawals in various currencies, including major fiat currencies and several cryptocurrencies like Bitcoin, Ethereum, and Litecoin. However, the platform does not support bank transfers, which may limit options for some users.

　　Minimum Deposit: The minimum deposit requirement is set at $1,000, which is considered high compared to other brokers in the industry. This barrier may deter novice traders looking to start with a smaller investment.

　　Bonuses/Promotions: NovusCM has been known to offer bonuses for new accounts, but users should be cautious as these often come with stringent trading conditions that can complicate withdrawals.

　　Tradeable Asset Classes: The platform provides access to a diverse range of asset classes, including stocks, commodities, indices, and cryptocurrencies. However, some reviews have pointed out that the variety may not be as extensive as claimed, with limitations on certain asset types.

　　Costs (Spreads, Fees, Commissions): NovusCM offers fixed spreads starting from 3 pips. However, there is little transparency regarding additional fees or commissions, which has led to frustration among users.

　　Leverage: The broker offers leverage up to 1:200, allowing traders to amplify their positions. While this can enhance potential profits, it also increases the risk of significant losses, especially for inexperienced traders.

　　Allowed Trading Platforms: NovusCM primarily supports the MT4 platform, which is widely regarded in the trading community. However, the absence of more advanced platforms like MT5 may limit options for traders seeking more sophisticated tools.

　　Restricted Regions: Due to its unregulated status, NovusCM may not be accessible to traders in certain jurisdictions, particularly those with strict financial regulations.

　　Available Customer Service Languages: Customer support is primarily offered in English, and users have reported limited channels for reaching out to the support team. This lack of accessibility can be a significant drawback, especially for traders requiring immediate assistance.

　　

Repeated Rating Overview

Category	Rating (out of 10)
Account Conditions	4
Tools and Resources	5
Customer Service and Support	3
Trading Setup	5
Trustworthiness	2
User Experience	4

　　

Detailed Rating Breakdown

• 　　Account Conditions (4/10): The high minimum deposit requirement and lack of regulatory oversight significantly lower the score in this category. Many users have expressed concerns about the broker's legitimacy and the potential risks involved.

• 　　Tools and Resources (5/10): While the MT4 platform offers decent tools for trading, the absence of additional resources or educational materials has been noted by users. This can hinder the trading experience, especially for beginners.

• 　　Customer Service and Support (3/10): Reports of limited customer service options and slow response times have led to dissatisfaction among users. The lack of multiple communication channels further exacerbates this issue.

• 　　Trading Setup (5/10): The trading conditions, including spreads and leverage, are somewhat competitive, but the lack of transparency regarding fees has led to mixed reviews.

• 　　Trustworthiness (2/10): The absence of regulatory oversight and numerous negative user experiences have severely impacted NovusCM's trustworthiness rating. Many users have raised red flags about the safety of their funds.

• 　　User Experience (4/10): Overall user experiences have been mixed, with some traders appreciating the platform's usability while others have encountered significant issues, particularly related to withdrawals and customer support.

　　In conclusion, while NovusCM presents itself as a viable trading option, the concerns surrounding its regulatory status, customer service, and overall trustworthiness cannot be overlooked. Prospective traders should exercise caution and consider all available information before deciding to engage with this broker. For those seeking a reliable trading environment, exploring alternatives with robust regulatory oversight is highly advisable.