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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