ANSWER Crypto Novu Fx is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.Crypto Novu Fx claims to be operated by P24O Ltd., authorized and regulated by the Malta Financial Services Authority (MFSA) under License No. IS/56519. However, the MFSA has issued a warning against this broker, stating this broker is not a Maltese registered company, not licensed or otherwise authorised by the MFSA to provide any investment services or other financial services. You can check the full warning here.Regarding your question, Crypto Novu Fx is an untrustworthy broker since it is not overseen by any regulatory body. Entrusting this broker with your funds or personal details is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like Crypto Novu Fx and opt for fully regulated ones instead.
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