Brokers  /  novamine

novamine

Moderate risk
🇬🇧 United Kingdom · 2-5 years · since 2023-10-30 · Novamine
This is a , not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.39/10
Trustpilot/5
Forex Peace Army/5
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No sign that novamine actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
49
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • No verifiable website or social-media presence
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 age4515%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)7810%

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 nameNovamine
Headquarters🇬🇧 United Kingdom
Founded2023-10-30
Years operating2-5 years
Employees0
Official websitenovamine.co
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
92 Monier Road, E3 2PA, London, United Kingdom

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Novamine presents a guarded risk profile with no regulatory oversight and a short operating history. The lack of publicly available information about its services and oversight means that traders cannot independently assess its credibility or financial stability. Until the company discloses verifiable details and secures recognised regulation, it should be approached with extreme caution.

Best for
  • No specific strengths identified due to limited public information
Not for
  • Risk-averse traders seeking regulated brokers
  • Investors requiring transparent operations or verified track records
Period:

Real user reviews

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About novamine

Overview

Novamine is a financial entity registered in the United Kingdom, with an official address at 92 Monier Road, London E3 2PA. The company was incorporated on 30 October 2023, making it a relatively new entrant in the financial services space.

As of the time of this review, Novamine does not hold any known regulatory licences from the UK Financial Conduct Authority (FCA) or any other recognised regulatory body. This absence of oversight is a critical factor for potential clients to consider before engaging with the firm.

Services and Offerings

Details regarding Novamine's specific services, trading platforms, account types, or financial instruments are not publicly available through independent sources. The company's official website, novamine.co, does not appear in our aggregated industry data with sufficient detail to describe its product range.

Given the lack of transparent information, it is unclear whether Novamine offers retail forex or CFD trading, investment management, or other financial services. Prospective users should exercise caution and seek direct clarification from the company before making any commitments.

Regulatory Status

Novamine is registered as a corporate entity in the United Kingdom, but this registration does not equate to authorisation to provide financial services. The UK Companies House lists the company as active, but no regulatory permissions from the FCA have been identified in our checks.

Traders and investors are reminded that dealing with unregulated entities carries heightened risks, including limited recourse in cases of dispute or financial loss. The company's scam risk score of 49/100 (Guarded) reflects these concerns.

Target Clientèle

Without a clear public profile, it is difficult to ascertain the intended customer base for Novamine. The company's incorporation in London may suggest a focus on UK or European clients, but this remains speculative.

Typically, unregulated entities may target retail traders seeking high leverage or flexible terms, but such assumptions should not be made without concrete information. Users are advised to verify all claims directly with the broker and consult independent advice.

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