Is Novva Capital Trustworthy? A Detailed Review of novvacapital.com

The main problem for all beginners, and even experienced traders, too, is finding a reliable platform. Due to the rapidly increasing number of fraudulent organizations, pseudo-brokers are flooding the market, seeking to misappropriate clients’ funds. Unfortunately, the process of recovering funds can be delayed for weeks or even months due to law enforcement agencies being overwhelmed with statements and investor assistance requests.

To avoid falling victim to scammers and losing your funds, it is essential to approach broker selection with caution. Pay close attention to real user reviews published in independent sources or comments on forums discussing the platform’s performance. And in this Novva Capital review, you will see that it is not the best in the market and should not be trusted at all.

Is Novva Capital a Trusted Broker?

The first thing you need to do before starting a cooperation with a broker is to check the registration and licensing data. The official website provides information about the presence of an office in London. It is easy to verify its accuracy. The maps do not contain any mention that there is actually a Novva Capital office at this address. Moreover, you can use another verification method using the UK regulator’s website. There is no information about the company in the FCA, and it has not obtained a license to provide brokerage services. This means that there is no physical office.

In the legal information section, the broker fully disclaims any responsibility for the quality of the informational material provided. The broker also states that it does not guarantee successful trading if the client relies on the video lessons presented on the platform. Therefore, it is unclear why the video lessons were uploaded at all, since they may contain errors and incorrect presentation of the material that could negatively impact the profitability of trades.

The broker claims that the terms of the user agreement are fully compliant with UK law. However, the company has not obtained a license in the UK and has not undergone any checks, so this information cannot be verified. It is unlikely that the platform genuinely operates according to global standards.

A closer examination of the legal information reveals a section where Novva Capital reserves the right to unilaterally block client accounts if they violate the terms of use. In such cases, the user will be liable for compensating the broker for any losses incurred due to these violations. In other words, withdrawing funds from the platform is challenging, and users may even be required to pay bills issued by the organization to cease cooperation.

However, Novva Capital promptly states that the broker will not compensate for any losses incurred by clients due to technical problems on the platform or difficulties with withdrawals.

Concerned About Withdrawal?

There is no separate section where available deposit and withdrawal methods can be specified. However, judging by the information presented in the refund document, the platform allows depositing funds via credit or debit card. The deposit can only be returned to the account from which it was made. If the trader doesn’t have access to that account, they’ll need to contact technical support specialists to resolve the issue. The timeframes for depositing and withdrawing funds are also not specified. Perhaps this information will become available after creating an account.

How Long Does The Broker Work?

Information about this trading platform is scarce on the internet, and the website itself fails to mention the project’s registration period or how it has developed over time. The only available data consists of statistics regarding Novva Capital’s popularity in various regions, but these statistics lack supporting evidence.

According to Whois data, the platform was created on December 20, 2023, and domain activity appeared only on January 18, 2024. This means that the actual duration of the platform’s operation is less than 3 months.

Other Signs of Fraud

❗Excessive requirements for the minimum deposit. The minimum set of services will cost the trader €5,000, and it is simply impossible to test the functionality of the trading terminal without replenishing the account. Investing such a large sum of money in a project that has existed for less than 3 months is a very high risk.

❗Additional bonuses for deposit replenishment. The bonus program in premium tariff plans for several thousand dollars provides for receiving two special gifts. Such generosity is not characteristic of reliable organizations. Bonuses are prohibited by many regulators.

Novva Capital Review Conclusions

This platform, by all indications, corresponds to a fraudulent organization. Depositing funds into Novva Capital is very dangerous because the broker is not licensed, and negative customer reviews may indicate its unreliability.

Advantages and Drawbacks

➕High-quality website design.

➕Convenient navigation.

➖Lack of transparency in financial matters.

➖Absence of certified documentation.

➖Lack of license and registration.

FAQ

Brief Conditions