User Reviews
More
User comment
0
CommentsWrite a review
No comment yet
Danger
ES CNMV
2022-08-29
WARNING FROM CNMV ON UNREGISTERED INSTITUTIONS 
Novelis Capital
Spartan Trade
Note: Novelis Capital's official website - https://novelis.capital/ is currently inaccessible normally.
| Novelis Capital Review Summary | |
| Founded | / |
| Registered Country/Region | St. Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | 2,000+, forex, stocks, cryptocurrencies, indices and commodities |
| Demo Account | / |
| EUR/USD Spread | From 3 pips |
| Leverage | Up to 1:100 |
| Trading Platform | Web-based platform |
| Min Deposit | $250 |
| Customer Support | Contact form |
| Email: support@novelis.capital | |
| Registered Office: Suite 305, Griffith Corporate Centre, Kingstown P.O. Box 1510 St. Vincent and the Grenadines | |
Novelis Capital Information
Novelis Capital is a newly-established brokerage company and currently does not maintain functional website that we can only get limited information about this company on the Internet.
The broker offers trading services for forex, commodities, cryptos, indices and stocks, with a moderate minimum deposit of $250. Spread for EUR/USD is wide from 3 pips, which normally increase trading costs.
What's worse, the broker currently operates without any valid regulation, implying possible less compliance to industry and customer protection. Usually we don't recommend you to trade with such unrealiable broker.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | New to the market |
| Multiple account types | Inaccessible website |
| Popular payment options | No regulation |
| Wide spreads | |
| No MT4/5 | |
| High minimum deposit | |
| High threshold for the bonus program |
Is Novelis Capital Legit?
Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Novelis Capital, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.
What Can I Trade on Novelis Capital?
Novelis Capital claims to offer more than 2,000 market instruments for clients to choose from.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
Novelis Capital claims to offer four types of trading accounts - Silver, Gold, Pro and VIP, with minimum initial deposit requirements of $250, $1,000, $5,000 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
| Account Type | Min Deposit |
| Silver | $250 |
| Gold | $1,000 |
| Pro | $5,000 |
| VIP | $10,000 |
Spread for the major EUR/USD is wide from 3 pips, which increases trading costs. While information for trading commissions is absent so far, necessitating direct clarification with the broker directly when conduct trading activities.
Leverage
Novelis Capital offers varying leverage levels for different accounts:
| Account Type | Max Leverage |
| Silver | 1:20 |
| Gold | 1:50 |
| Pro | 1:80 |
| VIP | 1:100 |
We always suggest you to use leverage prudently due to significantly amplified losses at the same time as gains.
Trading Platform
The platform available for trading at Novelis Capital is web-based with the simplistic interface and functions.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based | ✔ | / | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | Windows, Android, WebTrader, iOS | Experienced traders |
Deposit and Withdrawal
Novelis Capitals used to indicate on its website that it accepts numerous methods of payments: Visa, WireTransfer, Piastrix, Verified by Visa, Maestro, MasterCard and MasterCard SecureCode.
Promotions
Novelis Capital claims to offer bonus programs, however, you can only withdraw the bonuses after executing a minimum trading volume of 25 times the deposit amount plus the bonus issued.
start to write first comment