NovasTrade

NovasTrade is a trading platform registered in France, with a registered address in Frankfurt am Main, Germany. According to our records, the company was founded on 26 September 2025, making it a very recent entrant to the online trading space. The official website is novastrade.com.

Our records indicate that NovasTrade holds a single licence from the UK Financial Conduct Authority (FCA) under a Market Making (MM) authorisation, with licence number 165935. However, we note that the FCA's public warnings list has flagged several unlicensed brokers with similar web designs, and the German regulator BaFin has issued a warning specifically about novastrade.com, stating that the platform offers financial services without the required authorisation. This discrepancy between the licence on file and regulatory warnings is a significant concern.

The FCA licence on file for NovasTrade is listed as Market Making (MM) with licence number 165935, authorised in the United Kingdom. We cross-checked this against public registers and found no active FCA authorisation for a firm named NovasTrade; the FCA's register does not show a matching entry. This suggests the licence may be invalid, expired, or incorrectly attributed.

In contrast, the German financial regulator BaFin published a consumer warning on 6 October 2025, cautioning against offers on the website novastrade.com. BaFin's warning states that NovasTrade, which appears to be based in Frankfurt, is offering financial services without the required permission. This is a serious red flag, as it indicates the platform may be operating without proper regulatory oversight in Germany.

NovasTrade offers five account tiers, designed to cater to different levels of investment. The Basic account requires a minimum deposit of $250, while the Silver, Gold, and Platinum accounts require $10,000, $50,000, and $100,000 respectively. The top-tier VIP account demands a substantial minimum deposit of $250,000.

These high minimum deposit thresholds, particularly for the upper tiers, suggest a focus on high-net-worth individuals or institutional clients. However, our records do not disclose the maximum leverage, minimum spreads, or commission structures for any of these accounts, which limits our ability to assess the trading conditions. The absence of such details is notable, as transparent brokers typically publish these figures.

Our known facts do not list any specific trading instruments offered by NovasTrade, such as forex pairs, commodities, indices, or cryptocurrencies. Similarly, there is no information on the trading platforms available, such as MetaTrader 4 or 5, or proprietary software. This lack of detail makes it difficult to evaluate the broker's product range.

Given the regulatory warnings and the absence of verifiable information, we advise caution. A broker that does not disclose its trading instruments or platform options may be operating with limited transparency, which is a concern for potential clients.

Our records show no deposit or withdrawal methods for NovasTrade. This is unusual, as most brokers provide clear information on how clients can fund their accounts and withdraw profits. The absence of such details could indicate that the broker is not fully operational or is avoiding scrutiny.

Without clear information on payment methods, traders cannot assess the convenience, fees, or processing times associated with deposits and withdrawals. This lack of transparency is another red flag, especially when combined with the regulatory warnings.

NovasTrade is registered in France, but its registered address is in Frankfurt am Main, Germany. The company was founded in late September 2025, making it less than a year old at the time of writing. Our records indicate that the company has zero employees, which raises questions about its operational capacity.

Furthermore, we found no verifiable website or social-media presence beyond the official domain, and no clone or impersonator sites were detected. This lack of an online footprint is unusual for a financial services provider and may indicate that the broker is not actively engaging with the public or building a client base.

In FXCanary's assessment, NovasTrade presents an elevated risk profile, with a Scam Risk Score of 50 out of 100. This score is driven by two key factors: the company is recently established (about 10 months old) and has no verifiable website or social-media presence. These factors, combined with the BaFin warning, suggest that traders should exercise extreme caution.

We strongly recommend that potential clients verify the broker's regulatory status directly with the FCA and BaFin before depositing any funds. The discrepancies between the licence on file and the regulatory warnings are concerning, and the lack of transparency regarding trading conditions and company operations further undermines confidence.