NOVA BIT has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Where do I even begin with NOVA BIT? for nearly two years of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Risk management tools|Social trading features|Easy to use platform
Cons: Onboarding videos are outdated
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that NOVA BIT has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials
The onboarding at NOVA BIT was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Regular platform improvements|Good analytical tools|Personal attention|Stable platform
Cons: Limited social trading features|Search feature is basic
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. NOVA BIT recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Comprehensive tools|Market news feed|Real-time alerts
Cons: Withdrawal takes 1-2 business days
My card was charged twice by NOVA BIT on the same day. I had to dispute it with my bank. NOVA BIT then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Copy trading available|Multi-device support
Cons: Spreads widen during volatile periods
The reporting at NOVA BIT is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Copy trading available|Smooth onboarding
Cons: Mobile app could be improved|Minimum deposit could be lower
NOVA BIT has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Fast deposits|Social trading features
Cons: Charting tools need more indicators
What really bothers me about NOVA BIT is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a financial advisor and I fell for the polished exterior. Never again.
Pros: Professional team|Competitive fees|Instant funding
Cons: Minimum deposit could be lower
I looked into NOVA BIT and found they appear in the regulatory warnings database. Financial Conduct Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
The platform at NOVA BIT is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over a year of dealing with this, I have had enough.
Pros: Portfolio tracking tools|Professional team
Cons: Charting tools need more indicators|Nothing significant