NovaTrade

NovaTrade Information

NovaTrade is a broker. The tradable instruments include digital money, indices, agriculture, livestock, currency pairs, and precious metals. The broker also provides three accounts with a maximum leverage of 1:500. The minimum spread is 0.2 Pips, and the minimum deposit is $250. NovaTrade is still risky due to its unregulated status.

Pros and Cons

Is NovaTrade Legit?

NovaTrade is not regulated, making it less safe than regulated brokers.

What Can I Trade on NovaTrade?

NovaTrade offers a wide range of market instruments, including digital money, indices, agriculture, livestock, currency pairs, and precious metals.

Account Type

NovaTrade has three account types: beginner, classic, and pro. Traders who want low spreads can choose a beginner account, and those who want low leverage can choose a pro account.

NovaTrade Fees

The spread is from 0.2 Pips, the commission is from 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

NovaTrade provides a dedicated NovaTrade Webtrader trading platform available on the web instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.

Deposit and Withdrawal

The minimum deposit is $250. NovaTrade accepts Visa, Mastercard, Neteller, and Skrill for deposit and withdrawal. However, the official website is inaccessible, so transfer processing times and associated fees are unknown.