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Novotrend

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Operating status: SCAM

Website: https://novotrend.co/

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

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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