Cryptocurrency Exchanges

Alliance Nova Trust

1.4 (13 reviews)
🇳🇿 New Zealand
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1.4
13 reviews
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About Alliance Nova Trust

Alliance Nova Trust has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Not what they promise

A
Aaron J.
2 months ago

What really bothers me about Alliance Nova Trust is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a review site like this one and I fell for the polished exterior. Never again.

Pros: Demo account available|Good analytical tools

Cons: Currency conversion fee exists|Onboarding videos are outdated

A disaster from day one

C
Chloe O.
4 months ago

After for a couple of months now with Alliance Nova Trust, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.

Pros: Educational resources|Market news feed

Cons: Nothing significant

Lost my investment - DO NOT TRUST

R
Rachel V.
6 months ago

Tried to withdraw my funds from Alliance Nova Trust and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.

Cons: Lost entire investment|Reported to authorities|Unresponsive

How have they won any awards

R
Rebecca K.
6 months ago

I had high hopes for Alliance Nova Trust after a family member had a good experience, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.

Pros: Good analytical tools|Fast support response

Cons: Email notifications too frequent|Desktop app not available on Linux

Estate planning support zero

P
Peter G.
6 months ago

I have been trying to close my account with Alliance Nova Trust for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Stable platform|Segregated accounts|Multiple order types|Market news feed

Cons: Search feature is basic|Live chat only during business hours

Headed in the wrong direction

C
Carl G.
6 months ago

I requested my data from Alliance Nova Trust under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.

Pros: Low minimum deposit|Social trading features

Cons: No integrated tax optimization|Some tools only available on higher tiers

Do not believe the hype

R
Richard Y.
7 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Alliance Nova Trust is disorganized and incompetent. I found them after my brother mentioned them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Full transparency|Regular platform improvements

Cons: Mobile app could be improved|Email notifications too frequent

Copy trading copied the worst traders

D
Dean E.
7 months ago

Alliance Nova Trust offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.

Pros: Market news feed|Good analytical tools|Transparent fees|Easy withdrawals

Cons: No phone support on weekends

Something doesn't add up here

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George S.
9 months ago

After seeing ads for Alliance Nova Trust online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.

Cons: Flagged by Financial Markets Authority|Cannot verify credentials

Still waiting for my withdrawal

E
Elizabeth M.
9 months ago

I wanted to transfer my portfolio from another broker to Alliance Nova Trust. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

Pros: Risk management tools|Detailed reporting|Educational resources

Cons: Charting tools need more indicators