NovusCM was an unlicensed CFD broker, which opened in August 2017. They are now out of business.
Find frequent investors complaints about brokers, read this.
NovusCM Broker Review
When reviewing the new broker Novus CM, we see that they are using the CFD trading platform made by TraderSoft. Underlying assets available for trading were hundreds of Stocks, and Commodities, and Market Indexes. Although they show Crypto Currency trading on their home page, we found no assets listed.
Another thing that we found odd, was they do not offer trading on Forex pairs. They don’t have mobile apps or MetaTrader5 like most brokers offer.
Minimum deposit for a new trading account starts at $1,000, which is very high compared to other brokers. You will see that Bonus Money is offered will all new accounts. If you do not understand the trading requirements attached to bonus money you will end up having problems withdrawing your money.
NovusCM License & Regulation
Scam Broker Investigator reviews and compares new CFD brokers to determine if they are a legitimate company, or a scam broker. The first thing we look for in a broker is to see a valid licensed from a government financial regulator, like ASIC in Australia or FCA in the United Kingdom. Trading with a licensed broker ensures you will not have issues withdrawing your investment, read more.
NovusCM is not a licensed broker. Novus Capital Management is actually owned by: Velmon Enterprise Ltd, which is located at: Trust Company Complex, Ajeltake Road, Ajeltake Islands, Majuro, Marshall Islands MH96960. Their phone number from Singapore is: +65 3159 2103 and from United Kingdom: +44 203 8794733. Email address for withdrawals is: email@example.com. Official website: https://novuscm.com/.
Compare CFD Trading Companies
When choosing a new Forex broker, it is very important to verify that they are licensed for investors from your country of residence. Investors and traders have hundreds of brokers online to choose from, but most people end up using one of these popular brokers, listed here.
Register a Free Demo Account, on their awesome trading platform, signup here.
What was your experience like investing with Novus CM? Please leave your review in the comments below.