NovaTrade Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-24 11:14

Abstract：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.

NovaTradeReview Summary
Founded	2023-11-24
Registered Country/Region	Vietnam
Regulation	Unregulated
Market Instruments	Digital money/Indices/Agriculture/Livestock/Currency pairs/Precious metals
Demo Account	/
Leverage	Up to 1:500
Spread	From 0.2 Pips
Trading Platform	Novatrade Webtrader(Web)
Min Deposit	$250
Customer Support	Phone: +033 7236 2732 777
Customer Support	Email: support@novatrade.io

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

Pros	Cons
Leverage up to 1:500	Unregulated
24/5 customer support	MT4/MT5 unavailable
Various tradable instruments	Inaccessible official website
Spread from 0.2 Pips	Unspecific transfer time and fee information

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.

Tradable Instruments	Supported
Digital money	✔
indices	✔
Agriculture	✔
Livestock	✔
Currency pairs	✔
Precious Metals	✔
Forex	❌
Commodities	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

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.

Account Type	Beginner	Classic	Pro
Minimum Deposit	$250	$2500	$25000
Spreads	From 0.2 Pips	From 1.0 Pips	From 1.0 Pips
Leverage	1:400 or 1:500	1:200	1:100
Commission	USD 50 per 100000	USD 25 per 100000	0

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.

Trading Platform	Supported	Available Devices
Novatrade Webtrader	✔	Web

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.