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Novotrend

Operating status: Unregulated
Website: https://novotrend.co/
High-Risk Active
Broker violations and abnormal records
  • Oct 20, 2025 BrokersView has found that Novotrend appears to be a scam

    According to our investigation, Novotrend claims to be only registered with the Saint Vincent FSA and never held any valid license from a recognized financial regulatory authority, meaning its financial activities are unregulated and carry a high risk of fraud. 

    According to our investigation, Novotrend claims to be only registered with the Saint Vincent FSA and never held any valid license from a recognized financial regulatory authority, meaning its financial activities are unregulated and carry a high risk of fraud. 

Related Complaints

Q&A

Does Novotrend provide zero spreads accounts?

Joaquim Essa
Indonesia
May 19, 2026
ANSWER Dear Investor, We do not recommend using the Novotrend platform. Novotrend has made no claims regarding its regulatory status or the holding of a license, merely stating that it is registered in St. Vincent and the Grenadines. While our search confirms that a company named Novotrend Ltd. exists in the registry of Financial Services Authority (FSA) of Saint Vincent and the Grenadines , it is crucial to understand that this registration only confers International Business Company (IBC) status. This does not constitute a valid financial license, as the SVG FSA neither regulates nor licenses forex trading activities. Consequently, Novotrend effectively operates without any regulatory oversight. Given the lack of proper authorization, we strongly advise you to avoid engaging in any transactions with this platform to protect your funds.
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Greetings, could you tell me about Novotrend's account information indetail?

Tibisay RM
Dominica
Dec 07, 2023
ANSWER Novotrend offers both Demo and Real accounts. However, this forex broker is not licensed, and we strongly advise you to reconsider.Although Novotrend claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), it's important to note that this offshore financial watchdog does not issue licenses for forex trading and brokerage activities. It also does not regulate entities engaging in such activities. Therefore, Novotrend is not licensed in or from this jurisdiction, making its offerings unlawful. This lack of oversight is a significant warning sign of a potential scam. We at BrokersView continue to receive complaints from investors who have lost money to brokers registered only with the SVG FSA, which substantiates the significant risks posed by such brokers.Consequently, we advise you to steer clear of Novotrend and other similar brokers. Instead, opt for fully regulated brokers with solid reputations.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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