Nova Trades (novatradeslimited.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 23 Patrick Street Punchbowl NSW 2196 Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: novatradeslimited.com.
What really bothers me about Nova Trades (novatradeslimited.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them while looking for alternatives to my previous provider and I fell for the polished exterior. Never again.
Pros: Regular updates|Helpful community forum|Easy to use platform|Stable platform
Cons: Live chat only during business hours|Mobile app could be improved
My withdrawal request from Nova Trades (novatradeslimited.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Low minimum deposit|Instant funding
Cons: Charting tools need more indicators|No integrated tax optimization
I requested my data from Nova Trades (novatradeslimited.com) 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: Real-time alerts|Fast support response
Cons: Would like more payment methods|No fractional shares
I have been trying to close my account with Nova Trades (novatradeslimited.com) 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: Great customer service|Multiple order types
Cons: No fractional shares
Customer support at Nova Trades (novatradeslimited.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Multi-currency support|Fast deposits|Responsive team|Personal attention
Cons: Charting tools need more indicators|Spreads widen during volatile periods
Do not use Nova Trades (novatradeslimited.com) for anything serious. I used them for the past year and a half for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Fast deposits|Full transparency
Cons: No live chat on mobile
I closed a profitable position at Nova Trades (novatradeslimited.com) 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: Personal attention|Clean UI|Transparent fees|Good analytical tools
Cons: Nothing significant|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 Trades (novatradeslimited.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Regular updates|Easy withdrawals|Demo account available|Intuitive for beginners
Cons: Nothing significant
Opened my account with Nova Trades (novatradeslimited.com) after a family member had a good experience and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Easy to use platform|Good analytical tools
Cons: Minimum deposit could be lower|Charting tools need more indicators
I am in a dispute with Nova Trades (novatradeslimited.com) 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: Quick verification|Excellent charting|Intuitive for beginners
Cons: Minor UI glitches occasionally