Novaskypoint has been flagged by The Dutch Authority for the Financial Markets for "Fraud and Other Types of Misconduct". The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Novaskypoint. This company is a suspected boiler room, a form of online investment fraud. Novaskypoint has approached persons without being asked, to offer them investment proposals. A boiler r... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: https://novaskypoint.ai/login.
The platform at Novaskypoint is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for close to eighteen months of dealing with this, I have had enough.
Pros: Intuitive for beginners|Educational resources
Cons: Research section could be deeper
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Novaskypoint 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
For anyone considering Novaskypoint, please be aware that this company has been flagged by The Dutch Authority for the Financial Markets. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
My card was charged twice by Novaskypoint on the same day. I had to dispute it with my bank. Novaskypoint 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: Clean UI|Intuitive for beginners|Segregated accounts|Tax reports included
Cons: Website design could be more modern
Tried to withdraw my funds from Novaskypoint and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Blocked my account|No legitimate license|Fake returns
I have been trying to close my account with Novaskypoint 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: Fast execution|Two-factor authentication|Tax reports included|Stable platform
Cons: Limited social trading features|No crypto staking