What kind of spread this broker offers?

https://novelis.capital/   

Novelis Capital is not a licensed or regulated broker even though it states offers that look good to be true. Novelis Capital claims to be owned and operated by Gnarly Solutions LTD, a company registered in the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number 2021/BC26498. 

We indeed find a match result to Gnarly Solutions LTD in SVG FSA. However, please be informed that SVG FSA does not regulate forex brokers or issue forex licenses. So having the registration does not mean being authorized to provide financial services. 

What's more, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that Novelis Capital is not authorised to provide the investment services. You can check the full warning from here.

The truth is, Novelis Capital is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Novelis Capital and trade with licensed brokers.