Score
Saint Vincent and the Grenadines
|
2-5 years
| https://novotrend.co/
Website
Rating Index
MT4/5
Full License
Novotrend-MT5
Influence
C
Influence index NO.1
India 3.31
MT4/5 Identification
Full License
CanadaInfluence
C
Influence index NO.1
India 3.31
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
novotrend.co United States
VIP is not activated.
| NovotrendReview Summary | |
| Founded | 2021 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Stocks, metals, commodities, indices, cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | Floating spread |
| Trading Platform | MT5 |
| Min Deposit | $50 |
| Customer Support | Contact form |
| 24/7 customer support | |
| Email: team@novotrend.co | |
| Regional Restrictions | The United States, Canada, Sudan, Syria and North Korea and the European Economic Area's clients are not allowed |
Novotrend is an unregulated broker, offering trading on stocks, metals, commodities, indices and cryptocurrencies with leverage up to 1:500 and floating spread on MT5 trading platform. The minimum deposit requirement is $50.
| Pros | Cons |
| With demo account | No regulation |
| MT5 platform | No contact channels |
| Low minimum deposit requirement |
No. Novotrend currently has no valid regulations. Please be aware of the risk!
Novotrend offers trading on stocks, metals, commodities, indices and cryptocurrencies.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| CFDs | ❌ |
| ETFs | ❌ |
| Forex | ❌ |
| Bonds | ❌ |
Here are six account types Novotrend offers:
| Account Type | Min Deposit |
| MT5_Real | $100 |
| MT5_AI | / |
| MT5_STP | $100 |
| VIP | $30K |
| Affiliate Account | / |
| Company Trading Account | / |
MT5_AI account provides leverage up to 1:500. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
Trading Fees
For cryptocurrencies, commodities and indices, the broker requires no commission for depositing or withdrawing profit.
For stock, the commission is from 0.1 USD.
Novotrend Spreads
The broker offers floating spreads.
Non-Trading Fees
If a client requests a withdrawal when there is no trading activity, Novotrade reserves the right to charge the equivalent amount of any bank, exchange fee or 6% of the total withdrawal amount.
If the account is considered inactive (no trading activity) for a period of 6 months, the broker will charge a monthly inactivity fee of 10 EUR/USD.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, MacBook, mobile | Experienced trader |
| MT4 | ❌ | / | Beginners |
The broker accepts payments via QIWI, WebMoney, Visa, MasterCard, bank transfers and popular cryptocurrencies, such as Bitcoin (BTC) , Ethereum (ETH) , Bitcoin Cash (BCH) , etc.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Cryptocurrencies | / | By blockchain | from 15 minutes to 4 hours |
| Credit / Debit Cards | / | 5% | Instant |
| Electronic Methods | 10 USD | 1% | 1 hour |
| Bank Transfer | 500 - 50,000 EUR | / | Upto 3 days |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Credit / DebitCard | 20 USD | 6% (Min 20 USD) | Processed by us within 1 business day but you receive thefunds to your account in 3 to 5 business days dependingon your Credit Card provider |
| WebMoney | 10 USD | 1% | 1 Working Day |
| QIWI | 10 USD | 0.8% | 3 Working Day |
| Cryptocurrencies | / | By blockchain | from 1 hour to 24 hours |
Novotrend Review: If you’re thinking about trading with Novotrend, it’s important to look beyond the surface. While the broker promises big bonuses, low fees, and access to the popular MetaTrader 5 platform, there are serious concerns you should know about. it. In this Novotrend review, we’ll uncover the dark side of this broker. Keep reading to find out
Novotrend processes most withdrawals within 1 business day, but the time it takes for the funds to reach my account depends on the withdrawal method. For example, credit/debit card withdrawals can take 3 to 5 business days, while WebMoney and QIWI take 1 working day. Cryptocurrencies are the fastest, with a processing time ranging from 1 hour to 24 hours.
Since Novotrend is unregulated, I would be cautious about using this platform. Regulation ensures that there are protections for my funds, and the absence of it means I might face challenges if issues arise. While the platform may seem legitimate on the surface, the lack of regulatory oversight is a big risk factor that I would take seriously.
The minimum deposit at Novotrend depends on the account type: MT5_Real and MT5_STP require a minimum deposit of $100, VIP requires $30,000, and Affiliate and Company Trading accounts do not specify a minimum deposit. Personally, I think the MT5_Real account is a good option with its $100 minimum deposit, making it accessible for new traders who want to get started with a small investment.
Pros: Novotrend offers a variety of trading instruments and has a low minimum deposit requirement, which makes it accessible.
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