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NOVA MARKETS

High riskForex / CFD broker
🇱🇨 Saint Lucia · 1-2 years · since 2024-11-01 · Novamarkets Limited
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
$50
Min. deposit ›
1:500
Max leverage ›
4
Account types ›
56/100
Scam risk ›
0
Clone sites ›
Accounts: RAW · $200.00Swap Free · $500.00PRO · $500.00Classic · $50.00
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.31/10
Trustpilot—/5
Forex Peace Army—/5
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NOVA MARKETS operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
56
High risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Recently established — about 20 months old
  • Registered in Saint Lucia (offshore, light oversight)
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age7215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration808%
Transparency (site/info/social)5010%

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.

Company
Legal nameNovamarkets Limited
Headquarters🇱🇨 Saint Lucia
Founded2024-11-01
Years operating1-2 years
Employees0
Official websitenovamarkets.co
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods7 · USDT, Neteller, Skrill, MASTER
Withdrawal methods7 · MASTER, Skrill, Neteller, USDT
Instruments--
Registered address
P.O Box 838, Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Castries, Saint Lucia

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
RAW1:500$200.000.3--✓
Swap Free1:500$500.002.2--✓
PRO1:500$500.001.3$5/Deal✓
Classic1:1000$50.001.7--✓

Review analysis AI

Nova Markets is a newly established, unregulated broker offering high leverage and ECN conditions. Its registration in Saint Lucia and lack of regulatory oversight represent significant risks for traders. While the website presents professional features, the elevated FXCanary Scam Risk Score of 56/100 underscores the need for extreme caution, as the broker's policies and execution reliability remain untested.

Best for
  • Traders seeking high leverage up to 1:1000
  • Beginners with low minimum deposits ($50)
  • Scalpers looking for ECN execution and tight spreads
Not for
  • Traders requiring regulated broker oversight
  • Investors needing compensation or dispute resolution schemes
  • Long-term holders concerned about swap fees (unless using Swap Free account)
Period:

Real user reviews

Where NOVA MARKETS operates

Active across 3 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇺🇸 United States
🇩🇪 Germany
🇦🇪 United Arab Emirates

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What NOVA MARKETS says about itself as stated by the broker · not independently verified by FXCanary

Account Types

The broker offers four account tiers: Classic (min $50, max leverage 1:1000, spread from 1.7 pips, no commission), Raw (min $200, max leverage 1:500), Swap Free (min $500, max leverage 1:500), and Pro (min $500, max leverage 1:500). According to the website, all accounts feature 0% commission and ECN execution.

Trading Conditions

Nova Markets claims tight spreads starting from 0.1 pips on Raw accounts, and up to 1:1000 leverage on the Classic account. It boasts true ECN execution with no dealing desk and no re-quotes. The broker says it offers 0% commission on all accounts and supports micro-lot trading for low-risk entry.

Platforms and Instruments

Trading is provided exclusively via MetaTrader 5 (MT5) on desktop and web. The broker claims access to 40+ currency pairs, along with ETFs, indices, and commodities as CFDs. It emphasises lightning-fast execution and access to global markets from a single platform.

Support and Features

The website highlights multilingual 24/7 support, localised for Asia and the Middle East. Nova Markets positions itself as a budget-friendly ECN broker with no hidden fees and transparent conditions. It also offers an Islamic (Swap Free) account option.

About NOVA MARKETS

Company Overview

Nova Markets (NOVAMARKETS LIMITED) is a forex and CFD broker established in November 2024 and registered in Saint Lucia. The company's registered address is P.O Box 838, Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Castries, Saint Lucia. It operates the website novamarkets.co and targets retail traders, particularly in Asia and the MENA region.

Regulation and Safety

As per the known facts, Nova Markets does not hold any financial regulatory licence from a recognised authority. The broker is registered in Saint Lucia, a jurisdiction known for minimal oversight in the forex industry. This absence of regulation means traders have no recourse to a financial ombudsman or compensation scheme in case of disputes.

Account Types and Leverage

The broker offers four live accounts: Classic, Raw, Swap Free, and Pro. The Classic account requires a minimum deposit of $50 and offers leverage up to 1:1000, making it accessible for beginners. The Raw account starts at $200 and provides spreads from 0.1 pips. The Swap Free and Pro accounts both require $500 and offer leverage up to 1:500. All accounts are advertised as commission-free.

Trading Platforms

Trading is executed on the MetaTrader 5 (MT5) platform, available as a desktop application and a web version. MT5 provides advanced charting tools, algorithmic trading via Expert Advisors, and multi-asset support. The broker claims true ECN execution with no dealing desk intervention.

Market Instruments

According to the website, clients can trade over 40 currency pairs, including majors, minors, and exotics. The broker also offers CFD trading on ETFs, indices, and commodities. The product range appears focused on forex and CFD markets, with no mention of physical stocks or crypto assets on the official site.

Deposits and Withdrawals

The known facts do not specify funding methods, but the website suggests a standard deposit and withdrawal process, with support available for queries. Traders should verify available payment options through the broker's dashboard or support team.

Client Support

Nova Markets claims to offer multilingual support 24/7. Contact details include a phone number (+971043368263) and a support link on the website. The broker emphasises localised service for Asian and Middle Eastern clients.

Overview compiled by FXCanary from regulatory records and public data. full NOVA MARKETS review