Nuvo Limited has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I trusted Nuvo Limited with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Smooth onboarding|Copy trading available|Educational resources
Cons: Currency conversion fee exists|Cannot customize dashboard fully
The spread at Nuvo Limited is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after seeing their ad online and initially thought the platform was good - until I started trading seriously.
Pros: Regular updates|Detailed reporting|Segregated accounts|Comprehensive tools
Cons: Account statements could be more detailed
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Nuvo Limited 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: Listed in warning databases|No transparency|Pressure to invest quickly
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
KYC with Nuvo Limited is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Detailed reporting|Smooth onboarding|Low minimum deposit
Cons: Website design could be more modern
I had a dispute with Nuvo Limited 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|Fast execution|Easy withdrawals
Cons: Spreads widen during volatile periods|Wish they had more educational resources
I had high hopes for Nuvo Limited after reading several online reviews, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Copy trading available|No hidden fees|Regular platform improvements|Demo account available
Cons: Search feature is basic|Website design could be more modern
Tried to withdraw my funds from Nuvo Limited 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: Cannot withdraw funds|Not regulated|Pressure tactics
I gave Nuvo Limited a fair chance. After since I opened my account last year 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: Reliable uptime|Intuitive for beginners|Dedicated account manager
Cons: Spreads widen during volatile periods
Customer support at Nuvo Limited 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: Educational resources|Fast execution|Multi-currency support
Cons: Desktop app not available on Linux