Nova Markets (nova-markets.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 22 Bishopsgate London EC2N 4AJ United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: nova-markets.com.
The spread at Nova Markets (nova-markets.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after reading several online reviews and initially thought the platform was good - until I started trading seriously.
Pros: Fast support response|Clean UI|API access
Cons: Help articles are sometimes vague
Where do I even begin with Nova Markets (nova-markets.com)? since last summer 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: No hidden fees|Comprehensive tools|Fast execution
Cons: Would like more payment methods|No crypto staking
I joined Nova Markets (nova-markets.com) after hearing about them at a conference and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Competitive fees|No hidden fees|Automated trading options
Cons: Minor UI glitches occasionally
Nova Markets (nova-markets.com) 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: Good mobile app|Competitive fees
Cons: No crypto staking
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Nova Markets (nova-markets.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Multi-currency support|No hidden fees
Cons: Limited social trading features
My withdrawal from Nova Markets (nova-markets.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for close to eighteen months of being strung along.
Pros: Intuitive for beginners|Dividend tracking|Excellent charting|Dedicated account manager
Cons: Wish they had more educational resources
Nova Markets (nova-markets.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: High security standards|Automated trading options
Cons: Spreads widen during volatile periods|Alert system is basic
The hidden fees at Nova Markets (nova-markets.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: API access|Tax reports included|Good mobile app
Cons: Research section could be deeper
I wanted to transfer my portfolio from another broker to Nova Markets (nova-markets.com). 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: Responsive team|Quick verification
Cons: Wait times can be long during peak hours
After for a few weeks now with Nova Markets (nova-markets.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Automated trading options|Full transparency|Dedicated account manager
Cons: Website design could be more modern|Desktop app not available on Linux