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Novelis Capital

WikiFX | 2024-12-27 18:50

Abstract: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.

Note: Novelis Capital's official website - https://novelis.capital/ is currently inaccessible normally.

Novelis Capital Review Summary
Founded/
Registered Country/RegionSt. Vincent and the Grenadines
RegulationNo regulation
Market Instruments2,000+, forex, stocks, cryptocurrencies, indices and commodities
Demo Account/
EUR/USD SpreadFrom 3 pips
LeverageUp to 1:100
Trading PlatformWeb-based platform
Min Deposit$250
Customer SupportContact 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.

Novelis Capital's homepage

Pros and Cons

Pros Cons
Diverse tradable assetsNew to the market
Multiple account typesInaccessible website
Popular payment optionsNo 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❌
What Can I Trade on Novelis Capital?

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 TypeMin 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.

Account comparison

Leverage

Novelis Capital offers varying leverage levels for different accounts:

Account TypeMax Leverage
Silver 1:20
Gold 1:50
Pro1:80
VIP1:100

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 PlatformSupported Available Devices Suitable for
Web-based✔//
MT4❌/Beginners
MT5❌Windows, Android, WebTrader, iOSExperienced traders
Web-based platform

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.

Payment options

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.

Bonus
LeverageBrokerCurrency PairDealerForex tradingForex BrokerForex Currency pairleverage in forexforex pipsforex marketStock CryptocurrencyBitcoinEthereumindicescommoditiesWebTrader

Related broker

No Regulation
Novelis Capital
Company name:Gnarly Solutions LTD
Score
1.46
Website:https://novelis.capital/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.46

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