CHENOVA CAPITAL LIMITED

Chenova Capital Limited is a retail brokerage firm incorporated on 23 October 2025 and registered in the United Kingdom. Despite its UK registration, the company lists its principal address at 11 Grace Avenue, Ste 108, Great Neck, New York, 11021, USA. The broker operates the website chenovacapitallimited.com and presents itself as a provider of CFD trading services covering Forex, cryptocurrencies, commodities, and indices.

Our review notes that Chenova Capital Limited does not hold any known regulatory licence from a recognised financial authority. This absence of oversight is a significant factor for traders to consider when evaluating the broker’s trustworthiness. The firm targets retail clients with a tiered account structure, though specific leverage details are not disclosed in the public domain.

The broker offers a wide range of account tiers designed to accommodate different capital levels. The entry-level STARTER account requires a minimum deposit of $200, while the PREMIUM account starts at $5,000. The GOLD and ADVANCE accounts each have a $10,000 minimum, followed by the DIAMOND account at $40,000 and the VIP account at $50,000. The top-tier PLATINUM account demands a substantial $150,000 minimum deposit.

No maximum leverage figures are provided for any account type in the available records. This lack of transparency makes it difficult for traders to assess the potential risk exposure. The account structure suggests the broker is positioning itself to attract both smaller retail traders and high-net-worth individuals.

Based solely on the broker’s own website, Chenova Capital Limited claims support for trading Forex, Cryptocurrencies, Commodities, and Indices via CFD contracts. The site emphasises 'competitive spreads' and 'lightning-fast execution', though no specific trading platform (such as MetaTrader 4/5 or cTrader) is explicitly named.

The inclusion of live Bitcoin price data on the homepage indicates a focus on cryptocurrency trading. However, no detailed instrument list or contract specifications are publicly available at this time. This lack of detailed information is a limitation for traders conducting due diligence.

Chenova Capital Limited is not regulated by any major financial authority. The brokerage is registered in the UK, but UK registration does not equate to Financial Conduct Authority (FCA) authorisation. The company’s address in New York, USA further complicates the regulatory picture, as it is not registered with the Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA) either.

FXCanary’s Scam Risk Score for this broker is 57 out of 100, indicating an elevated risk level. The absence of regulation, combined with the lack of transparent information on leverage and trading costs, suggests that traders should exercise considerable caution before depositing funds.

The broker’s account tier range, from $200 to $150,000, indicates an attempt to serve both retail traders and wealthy clients. However, the high minimum deposits for the premium tiers (e.g., $150,000 for PLATINUM) are unusual for an unregulated firm and may deter cautious investors.

Given the regulatory voids, the broker may be more appealing to traders who are willing to accept high risk in exchange for potential access to leveraged CFD products. Nevertheless, most experienced traders would prioritise regulated entities with a proven track record, which Chenova Capital Limited lacks.