TradeNova has been flagged by Finansinspektionen for "Fraud and Other Types of Misconduct". TradeNova UAB has a website (tradenova.eu.com) and is using the following contact information:
TradeNova UAB
4 Old Street, Hackney
London, EC1V9EY
United Kingdom
Telephone: +447520665958
E-mail: [email protected]
[email protected]
[email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: tradenova.eu.com.
I looked into TradeNova 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: Appears in regulatory warnings database|Uncertain regulatory status
After doing some research AFTER the fact (I know, I should have done this first), I discovered that TradeNova is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
The hidden fees at TradeNova are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Clean UI|Social trading features|Fast execution
Cons: Slow to add new assets
I had high hopes for TradeNova after doing extensive research, 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: Regular updates|Competitive fees
Cons: Spreads widen during volatile periods|Website design could be more modern
I experienced a security concern with my TradeNova account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Portfolio tracking tools|Responsive team
Cons: Slow to add new assets
TradeNova has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Transparent fees|Portfolio tracking tools
Cons: Desktop app not available on Linux|Minor UI glitches occasionally
After seeing ads for TradeNova online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Finansinspektionen. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Flagged by Finansinspektionen|Cannot verify credentials
Customer support at TradeNova 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: Tax reports included|Excellent charting|Helpful community forum|Good analytical tools
Cons: Could offer more webinars|Inactivity fee applies after 12 months
Tried to withdraw my funds from TradeNova 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 wanted to transfer my portfolio from another broker to TradeNova. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Automated trading options|Portfolio tracking tools|Fast deposits
Cons: Desktop app not available on Linux