A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 68 | 35% |
| Company age | 92 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 0 | 12% |
| Offshore registration | 10 | 8% |
| Transparency (site/info/social) | 78 | 10% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| FCA | Market Making (MM) | 165935 | United Kingdom | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| VIP | -- | 250,000$ USD | -- | -- | ✓ |
| Platinum | -- | 100,000$ USD | -- | -- | ✓ |
| Gold | -- | 50,000$ USD | -- | -- | ✓ |
| Silver | -- | 10,000$ USD | -- | -- | ✓ |
| Basic | -- | 250$ USD | -- | -- | ✓ |
There aren’t enough independent reviews for NovasTrade yet to draw firm conclusions. The lack of public feedback is itself a caution sign for a smaller or newer broker.
0NovasTrade is a forex and CFD broker based in France, with records dating to 2025-09-26. It reports oversight from FCA.
FXCanary’s verdict is “Elevated.” There are enough red flags that we’d urge caution before depositing.
Overview compiled by FXCanary from regulatory records and public data. full NovasTrade review