| Forex broker | |
|---|---|
| Official website | |
| Social network | |
| Date of foundation | 1970 |
| Head Office | Suite 305, Griffith Corporate Center P, O. Box 1510, Beachmont Kingstown St. Vincent and the grenadines |
| Company owner | Novotrend Ltd. |
| Types of support | |
| Languages | English, Russian |
| Terminals | MetaTrader 5 |
| Min. first deposit | From 1 USDDepends on the method of payment |
| Brokerage commission | No |
| Lot size | From 0.01 |
| Bonuses | 0% Zero commission for account replenishment |
| Leverage | Until 1:500 |
| Spreads | Floating |
| Free demo account | |
| Adjustable | No |
| Types of accounts | MT5 Real, MT5 AI, MT5 Pro, Demo |
| Margin call / Stop out | 70%/30% |
| Transaction volume | 0.01 |
| Peculiarities of trade | Access to multiple markets using the MetaTrader5 trading platform |
| Order execution | Market Execution (at market price) |
| Methods of replenishment | Cryptocurrencies, Bank card (Visa/MC), Webmoney, Qiwi, Bank Transfer (SEPA) |
| Withdrawal methods | Cryptocurrencies, Bank card (Visa/MC), Webmoney, Qiwi |
| Number of assets | 165+ |
| Types of assets | Forex50+ currency pairs Stocks+100 CFDs on leading stock exchanges MetalsMain precious metals ProductsBRENT and WTI oil IndexesFTSE100, DAX40, DJI30, JP225, S&P500, NASDAQ100, etc. CryptocurrenciesBitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash |
| Account Currencies | USD |
| Mobile apps | |
| Weekend trading | No |
| Tournaments/competitions | No |
| Trader training | No |
| Contract Difference Commission | No |
| Swaps | No |
| PAMM trading | NAMM (New Risk Allocation & Money Management) - automatic trade copying system |
| Analytics | Trading signals, reviews, strategies and technical analysis |
| Margin trading | Yes |
| Affiliate Program | RegistrationUp to 70% from the spread |
| Advantages | Instant execution of orders in the market Low spreads, leverage up to 1:500 Copytrading and algotrading Zero commission for account replenishment |
| Company requisites | Legal name: Novotrend Ltd. Legal address: Suite 305, Griffith Corporate Center P, O. Box 1510, Beachmont Kingstown St. Vincent and the grenadines |
| Date of update | April 19, 2023 |
| Overall assessment | 6.9/10 |
Novotrend is this a scam? Review and Customers Reviews
Contents
Novotrend – a new player on the Forex market, a potentially interesting, promising young company offering services to traders since 2017. Forex broker is aimed at stable work and exceptionally positive feedback from customers.
Presented on the site novotrend.co competitive trading conditions, copy trading and VPS services, as well as promotions, educational materials and a team of currency experts who publish high-quality analytical materials show the desire to provide customers with a convenient service for trading in financial markets. Prompt support service increases the level of client-orientation.
Terms of work
During 5 years of the company’s existence, it has managed to prove with stable work and reliability that trading can be very convenient, and execution is close to ideal. Clients appreciate the comfort in trading currency pairs, metals, indices, commodities CFD on shares and cryptocurrencies. All popular assets are available in the company’s trading terminal. Instant execution, low spreads, leverage 1:500, Rebate service – these are the conditions of trading with Novotrend.
The broker offers six types of trading accounts to choose from:
- MT5_Real is designed for effective real trading on the Forex market. It is a particularly popular account in the company. It combines a minimum deposit of 100$, a large selection of trading instruments, 5-digit quoting, the ability to trade a micro lot 0.01, Rebate deductions of 10%, clear execution, the trading terminal MetaTrader 5.
- MT5_Invest – account for profitable investment. Copytrading service can broadcast trades of successful speculators to your trading account. You make your choice from the list of successful managers, funds remain only on your deposit, a flexible system of risk management, where you decide how much of the deposit you are willing to risk.
- MT5_NAMM – account for trust managers who want to earn not only on their own trading, but also on profits from trust management. NAMM service from Novotrend allows you to do this. The high level of service is maintained.
- MT5_AI – account for traders who trade forex advisors. Fast execution, support for most strategies. The account is suitable for scalping and other tactics. The company also provides free VPS for accounts from 1000$.
- MT5_STP – account type to trade directly with liquidity providers with Novotrend. Start with 100$ and trade mini lots on over 165 currency pairs, metals, CFDs on stocks, CFDs on indices, CFDs on oil and cryptocurrencies manually or with the help of trading advisors.
- MT5_VIP – for privileged clients. Use all trade opportunities with reduced commissions: swap and spread lower by 40%, no deposit/withdrawal fees. All privileges are opened at deposit amount from 50 000$.
Copytrading
Are you a successful trader? NAMM trust management system from Novotrend will become another stable source of income for you and your clients.
Are you interested in investing, but can’t trade Forex on your own? NAMM service will help you to open trades in your account automatically as your chosen professional traders do. Connect to the copy-trading system and earn income from investing in the foreign exchange market by setting acceptable risk levels.
Algotrading
Do you like trading robots? The broker’s trading terminal opens up the possibility to trade by EAs in the automatic mode. Create a robot according to your strategy, use the EA testing and configuration service for free.
Trade terminal
Understanding the needs of forex traders, the broker offers to use the high-quality software on the foreign exchange market – MetaTrader 5 trading terminal. Advantages of the platform:
- A large selection of technical indicators;
- the ability to flexibly customize the trading schedule;
- environment for programming and testing trading strategies;
- Marketplace for accessing new indicators and advisors;
- A variety of order types for comfortable trading;
- glass of prices;
- intuitive, comfortable interface;
- both PC and mobile versions.
Broker quotes
To ensure that the trading process was without interruptions, with fast execution Novotrend only works with reputable liquidity providers. Therefore, the broker’s quotes are distinguished by competitive spreads. Data on specific partners providing exchange rates for currency pairs and other instruments are not published on the website novotrend.co. Their list is constantly growing and changing – the company is improving the process.
Demo account
Are you just starting your way on the Forex market and you’re not ready to risk your funds yet? The broker offers you the opportunity to learn how to trade for free on a virtual account. There you can try your hand at trading in real market conditions, learn and test trading strategies. A demo account gives you the opportunity to become more confident and to get to know the niceties of Forex market without any risk. You can open a demo account from your personal profile on the company’s website, as well as from within the trading platform.
Mobile application
Forex trading today is mostly mobile. Speculators can connect to their account at a convenient location during market hours. For this purpose, the MetaTrader 5 platform has mobile applications developed for iOS and Android operating systems.
By downloading this application from Novotrend, the company’s clients get full access to their trading account and all the necessary functions on it, including trading all kinds of orders, market analysis using built-in indicators and tools, setting up charts, etc. MT5 Mobile is an intuitive version of the main trading platform which is easy to understand for the novice trader.
Bonuses from Novotrend
Novotrend’s internal policy does not imply using deposit bonuses as a marketing tool. The broker is set up for long-term cooperation with each trader, so does not want to mislead them by providing programs that cannot participate in the potential loss.
0% for refills” promotion
Any real account opened with Novotrend can be funded using popular cryptocurrencies. The broker’s clients can use this modern payment option with zero deposit and withdrawal fees. To do this, log into your personal cabinet, go to the “Deposit” section and select one of the cryptocurrencies as a payment system.
Affiliate Program
Are you the owner of a website about trading and investments or are you just interested in the market? Affiliate program from Novotrend is an opportunity to receive additional passive income. You can join an affiliate program as:
- Introducing Broker (IB) and receive up to 60% of the company spread by attracting clients who register under your affiliate code by clicking on the link specifically created for you.
- A representative working on the CPA model can earn up to 1000$ from each client who started actively trading at Novotrend.
- White Label is a high-level affiliate program, which allows you to create your own brand on forex, which will work on the basis of the company’s service.
For its partners broker offers:
- A tiered program that pays up to 70% of the broker’s commission.
- Ready-made promotional materials.
- Convenient and clear statistics on registered clients.
- Fast withdrawal of funds on request.
Deposit and withdrawal of funds from the account
Novotrend offers customers favorable opportunities to deposit and withdraw funds from their accounts without delay. That’s why the list of options is constantly expanding. You can use traditional bank transfer in Sepa format, transfer by means of bank cards Visa and Mastercard, electronic payment systems WebMoney and Qiwias well as cryptocurrencies, including the popular Bitcoin, Ethereum, Solana, Bitcoin Cahs, USDT etc. Benefits:
- The broker offers only its customers the opportunity to deposit with cryptocurrencies with a commission of 0%!
- Verification is required only once – when opening a trading account.
Complaints about Novotrend
Complaints about any forex broker are something you should pay special attention to. When reading the reviews about Novotrend, where there are loud words about fraud, scams and incorrect withdrawal of funds, it’s important to remember that for some companies and ratings vilification of the broker is a business and an opportunity for blackmail. Therefore, when reading traders’ comments, make sure that the following conditions are met:
- Indicates the number of the trading account where the disputed situation occurred.
- There are documents proving that the author of the recall contacted the company for clarification.
- Facts proving fraudulent actions.
Complaints about Novotrend, which have been filed in this way, are unlikely to be found online. This fully proves the integrity and quality of the broker’s services.
If there are any complaints about Novotrend, we will be sure to post on social media. Sign up so you don’t miss anything!
Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!
Broker regulator
Novotrend is a young company aimed at rapid development. That’s why one of the main tasks in the nearest future is to expand and obtain licenses from the most respected regulators of the foreign exchange market.
User Agreement
In our review, we continue to study the work of Novotrend. Let’s look at an important document for every trader – the client agreement. Note that the broker discloses in great detail all the concepts that are used in the text of the document, explaining the possible situations that may occur in the market, and its behavior in them. This is an honest approach as there are no hidden moments which a trader may encounter. For example, notification of market commission changes that can affect the trading process.
In addition, the broker is not a tax agent, that is, all obligations associated with their calculation and payment are the responsibility of the client under the laws of his country.
Paragraph 7 refers to the use and custody of client money. They are placed on separate accounts, and therefore do not participate in the business activities of Novotrend.
Clause 13 discloses the principles for resolving disputes and conflicts with the company. You must provide the account number and transaction ID for the misunderstanding, and submit the information to an officer at the Company Complaint Department by email. Your request will be reviewed and an answer will be provided. This is the way most brokers handle disputes.
What seems inconvenient are clauses 15.2 and 15.3, which say that the place for possible litigation is chosen by the Company, and the client must agree to it. Given the location of the broker in the jurisdiction of St. Vincent and the Grenadines, this can be difficult. It is important to understand that Forex trading under certain force majeure conditions is associated not only with the loss of the entire deposit, but also with the risk of additional losses. These situations are rare, but it is important to remember to set protective orders.
Is Novotrend a scam?
Novotrend – is a young forex broker, whose reviews have not yet been able to form a large number of traders. However, those that already exist, it is desirable to get from really independent ratings and sites to be sure in the honesty of their appearance.
Judging by the broker’s active development on the website, excellent execution, and provision of low spreads on popular assets, the reviews should be mostly positive. It can be seen that the company is committed to rapid development in order to continue providing traders with high quality service. Therefore, a reasonable conclusion can be made that Novotrend is not a scam.
Conclusion
At the end of the review it is logical to make a small conclusion about the company’s work Novotrend. Considering what has been said about the broker’s work, it is easy to understand that he approaches the implementation of his service responsibly, and therefore the reviews are favorable. This is a strong, promising broker, the development of which is interesting to watch further, trying its service in trading.
Reviews
- In ascending order of rating
- In descending order of rating
- New ones first
- First the old ones
- Popular ones first
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Feedback approved for publication Rate your review 000Suitable Broker
I was looking for a broker specifically for my trading. And the broker Novotrend just fits into these categories. The broker is the right one for me. Fast terminal, low spreads, leverage size is selectable. No bonuses, so no spam mail 😉 I have my own service NAMM, which is even better in terms of conditions… Read more
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Feedback approved for publication Rate your review 000reliable and clear platform for trading
Before opening an account with Novotrend I read a lot of reviews. The reviews are different, but if you remember how many forex scammers there are, you can understand where the real reviews are and where the fake ones are. At first I opened a demo account, tested trading, everything seemed okay. I opened… Read more
Positive- Money is withdrawn
Minuses- Not yet
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Feedback approved for publication Rate your review 000Adequate company
The company is adequate and always goes out of its way to meet clients, I checked it on my own experience. I have always been very friendly with clients and checked this in my experience.
Positive- Excellent support, fast withdrawals
Minuses- -
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Feedback approved for publication Rate your review 000Review
The other day I withdrew my first profit from trading robot. What I want to say – robots can still earn, not waste) Profit was 13% of the deposit, which is $ 130. I withdrew via Tether, the money came to my wallet within a day. I recommend Novotrend as a reliable broker.
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Feedback approved for publication Rate your review 000I recommend
A normal broker. Spreads are not overstated, always floating. It is possible to trade scalping strategies calmly. Execution is on the level, quotes are accurate.
Positive- narrow spread, MT5, excellent execution, accurate quotes
Minuses- No
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Feedback approved for publication Rate your review 000I recommend
I switched to Novotrend recently, before that I traded on Nord. I had to learn a little bit about the MetaTrader5 platform. I traded on MetaTrader4 before that. My website and myAlpari are much more comfortable than the Nords. I have never regretted my choice.
Positive- The platform is good, convenient personal account.
Minuses- No.
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Feedback approved for publication Rate your review 5+41The spreads are decent, you can work on it
If we talk about working with the company Novotrend, the trading conditions here are fully decent. I tested deposit and withdrawal via crypto. I deposited my account for 690$ with crypto without commission, opened a couple of trades on GOLD and EURUSD volume 0.1, spreads are decent, it’s possible to… Read more
Positive- Advantages: Instant execution, floating spread, no crypto commission
Minuses- Didn't find it
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Feedback approved for publication Rate your review 6+60Great broker
Great broker, have been working with him stably for two years. Nothing hangs, I withdraw profit regularly and without mishaps. For those who trade on cent accounts and complain that there are none here. I prefer to trade on Demo Accounts, the large ones are better. The only difference is that the real… Read more
Positive- I receive profits and withdraw them consistently, the platform works at the proper level.
Minuses- didn't find it
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Feedback approved for publication Rate your review 5+50Liked Novotrend
I was looking for a company with comprehensive brokerage services, flexible trading conditions and additional investment offers. Novotrend turned out to be such a broker. There are many services and enough accounts, it is possible to receive additional passive income on the perspective partner program… Read more
Positive- Flexible trading conditions, additional investment offers
Minuses- Nah
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Feedback approved for publication Rate your review 4+40All is cool
Trading Forex is a relatively new business, before that I was a crypto-trader for a long time. That is why Novotrend is much more familiar to me. Here, in addition to Forex currencies, trading of popular cryptocurrencies is available. And there is also a withdrawal and deposit without commission through… Read more
Positive- Withdrawal and replenishment without commission
- There are popular cryptos
Minuses- Didn't find it
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Feedback approved for publication Rate your review 4+40Useful material
There is some good analytics on Telegram. I usually don’t subscribe to such news, but they publish really good stuff here, which can be used for long-term analysis
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Credible feedback Rate your review 4+40I recommend Novotrend as a trusted broker
I liked Novotrend for the variety of trading instruments. They have stocks, metals, indices, currency pairs and crypto, through which you can withdraw and deposit your account without commission. I know that many brokers have such a set of instruments, but they do not offer no commission and in some… Read more
Positive- Deposits and withdrawals without commission
- MetaTrader5
- Copy trading
- Partnership programs
- Telegram support
Minuses- no cent accounts
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Rate your review 5+50Reliable broker
Reliable broker, all nais, no problems with trading, I work with him steadily for three years, maybe a little less, I can not say for sure. I like that there are adequate spreads without slippage, there were no problems with withdrawal too, they withdraw without problems. I also do not have any problems… Read more
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Rate your review 6+60Good broker
I have been working with Novotrend for quite a long time and basically no problems. I have been working with Novotrend for a long time now and basically no problems. I have a good broker, however, I still have a good order execution, good spreads and low spreads.
Positive- The terminal does not lag, execution is instant, spreads are low
Minuses- Technical support sometimes takes a long time to respond
Novotrend reviews
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