NovaFX Review Overview
NovaFX is operated by NOVA CAPITAL LIMITED, with offices in Victoria, Mahe, Seychelles, and is part of a group with Little Black Diamond Ltd. It holds a Seychelles Financial Services Authority securities dealer license (SD115) and states that client margin is segregated. Seychelles is an offshore jurisdiction, so the license carries less client protection than a major regulator’s.
| Specification | Detail |
|---|---|
| Operating Company | NOVA CAPITAL LIMITED |
| Group Company | Little Black Diamond Ltd |
| License | Seychelles FSA securities dealer (SD115) |
| Platform | MT5 |
Trading Conditions
NovaFX offers forex, commodities, stock indices, and shares on MT5 with market execution, up to 1:500 leverage, a $50 minimum deposit, a maximum of 50 lots per trade and 200 open orders, a 100% margin call, a 50% stop-out, and zero-cut protection.
| Specification | Detail |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $50 |
| Stop-Out | 50% |
| Execution | Market execution |
Deposits and Withdrawals
NovaFX supports credit cards, debit cards, bank transfer, and Bitcoin. It offers no signup or deposit bonuses.
Pros and Cons
| Pros | Cons |
|---|---|
| Seychelles FSA license with segregated funds | Offshore license only |
| MT5 with zero-cut protection | No bonuses |
| Bitcoin and card funding | Detailed account types and spreads not published |
Is NovaFX a Broker Worth Considering?
NovaFX presents a straightforward, licensed offering, though the license is offshore and account-type details are limited. Readers should confirm current terms directly.
FAQ
- Is NovaFX regulated?
- It holds a Seychelles FSA securities dealer license (SD115), an offshore license.
- What is the maximum leverage?
- 1:500.
- What is the minimum deposit?
- $50.
- Does NovaFX offer bonuses?
- No.
