Nova Trade Core has been flagged by Commissione Nazionale per le Società e la Borsa for "Unregistered/Unlicensed entity offering financial products or services|Genera...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I wanted to transfer my portfolio from another broker to Nova Trade Core. 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: Multiple order types|Personal attention|Portfolio tracking tools
Cons: None so far
The spread at Nova Trade Core is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a friend recommended them and initially thought the platform was good - until I started trading seriously.
Pros: Responsive team|Detailed reporting
Cons: Email notifications too frequent|None so far
I was contacted by Nova Trade Core through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Lost entire investment|Reported to authorities|Unresponsive
My withdrawal from Nova Trade Core 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 a couple of months now of being strung along.
Pros: Helpful community forum|Personal attention|Regular platform improvements|Transparent fees
Cons: Alert system is basic
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Nova Trade Core 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: Not registered with regulators|Unrealistic promises
I referred a friend to Nova Trade Core after comparing multiple platforms. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Segregated accounts|Automated trading options
Cons: Limited social trading features|Could offer more webinars
Nova Trade Core had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Educational resources|Multi-device support|Two-factor authentication
Cons: No integrated tax optimization|Help articles are sometimes vague
I am in a dispute with Nova Trade Core over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Regular platform improvements|Social trading features
Cons: Mobile app could be improved|No fractional shares
I closed a profitable position at Nova Trade Core and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Copy trading available|Wide product range
Cons: Help articles are sometimes vague|Charting tools need more indicators