Novas Trade has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". Novas Trade has a website (novastrade.com) and is using the following contact information:
Novas Trade
Headquarters
Frankfurt Business Center
Hugo-Eckener-Ring 1
60549 Frankfurt am Main
Germany
London Office:
Morgan Stanley & Co. International plc
25 Cabot Square
Canary Wharf
London E14 4QA
Uni... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: novastrade.com.
Several red flags with Novas Trade: (1) They promise unrealistically high returns, (2) They're not registered with Finansinspektionen, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Finansinspektionen|Cannot verify credentials
I invested $500 with Novas Trade after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Finansinspektionen.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I looked into Novas Trade and found they appear in the regulatory warnings database. Finansinspektionen 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.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction