Is NOVATRADEEX regulated and trustworthy?

Are client funds protected?

https://www.novatradeex.com/

Dear Investor,

NOVATRADEEX is not a trustworthy broker, as it does not hold a valid financial license.

NOVATRADEEX claims to operate under Novatradeex Ltd., which is registered with the Saint Lucia International Financial Centre(IFC). While we confirm that a matching company exists in the registry of Saint Lucia IFC, this registration merely grants it International Business Company (IBC) status, which does not constitute a valid financial license. The IFC neither regulates nor licenses forex trading activities. 

Besides, NOVATRADEEX is unlicensed by any recognized financial authority. This is a major red flag of being fraudulent operation. We therefore strongly advise you to avoid trading with NOVATRADEEX to protect your funds.