novatradecore.com has been flagged by Cyprus Securities and Exchange Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: novatradecore.com.
I had a dispute with novatradecore.com and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Full transparency|Personal attention|Reliable uptime|Clean UI
Cons: Some tools only available on higher tiers
I invested $5,000 with novatradecore.com 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 Cyprus Securities and Exchange Commission.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After spending since I opened my account last year trying to make novatradecore.com work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Regular updates|Detailed reporting
Cons: Cannot customize dashboard fully
novatradecore.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: Real-time alerts|Helpful community forum|Stable platform|Regular updates
Cons: Mobile app could be improved
I gave novatradecore.com a fair chance. After for the past six months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Personal attention|Portfolio tracking tools
Cons: No dark mode on mobile|Mobile app could be improved
novatradecore.com changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Excellent charting|Full transparency|Intuitive for beginners|Multiple order types
Cons: Could offer more webinars
I requested my data from novatradecore.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: Smooth onboarding|Customizable dashboard|Regular updates|Competitive fees
Cons: Minimum deposit could be lower
Several red flags with novatradecore.com: (1) They promise unrealistically high returns, (2) They're not registered with Cyprus Securities and Exchange Commission, (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: Listed in warning databases|No transparency|Pressure to invest quickly