Nova Financial LTD: Real Customer Reviews in 2023
The company Nova Financial LTD offers extensive earning opportunities available to everyone. Detailed market analysis, professional training, and full support are provided here. But is it worth trusting what is stated on the website? Our advice – do not act hastily, it is important to carefully study the legal documentation, reviews from real investors, and trading conditions.
Main Organization Aspects
The company Nova Financial LTD does not disclose the names of its founders. It is only stated that the team includes experienced analysts and financial specialists. According to the statement, the company has been operating since 2015 and is listed among the top 150 most successful brokers. However, where can confirmation of this information be found? Also, award information is provided without specifying specific awards.
A whois check revealed that the company inaccurately reported its long-term experience. Its website started operating on February 3, 2023. In a short period of time, the company received negative reviews, indicating a poor reputation.
It seems that false data influences the promised qualified support. Contact information is incorrect, which can create problems in case of financial or technical difficulties.
Financial Intermediary Status
Information on the registration of Nova Financial LTD in England is available on the website. However, we could not find any documents confirming this. Despite the stated registration number (714052), no confirmations were found. According to claims, Nova Financial LTD is under the supervision of the FCA – Financial Conduct Authority of the United Kingdom.
In the register of licensees, there is a company with a similar name, but its official website is different from novafinancialltd.com. Apparently, the data of this company was used by scammers to gain the trust of users.
In fact, the pseudo-broker has only recently started operating and has not yet come under the scrutiny of Roskomnadzor and regulators of CIS countries. However, based on reviews from traders from Russia, Kazakhstan, and Belarus, it can be concluded that they actively promote their services in the Russian-speaking segment.
Contract Scheme
According to reviews, Nova Financial LTD engages in cold calls and communication with potential clients through social networks using fake accounts. Scammers attract clients with generous bonuses and promises of assistance from professional analysts to minimize trading risks.
The platform offers 4 tariff plans with a minimum entry threshold starting from $100. Conditions include an initial deposit ranging from $100 to $50,000 USD, leverage up to 1:1000, spreads from 0.01 points, a welcome bonus from 50 to 120%, services of a personal analyst, and additional bonuses for certain investment amounts.
According to reviews, there are no problems with depositing funds, but difficulties arise when withdrawing funds. The company is not concerned about its reputation and denies withdrawals with invented reasons.
Real Traders’ Reviews
Reviews from real traders who have dealt with this company will help reveal the unvarnished truth. Although there are few reviews at the moment, negative reviews about the company are gradually increasing.
If you have important information about this company that you would like to share, do not postpone it. Publish your reviews to help others save their funds and avoid involvement in a potential financial scam.
How Scammers Deceive Users
The scheme of action is quite simple: users are offered to start trading with a small amount. The software controlled by scammers creates the appearance of profitability, convincing the user to increase trading volume to increase profits.
When a large sum appears in the balance, the mentor will start giving false recommendations to quickly deprive the client of funds. Proving malicious actions is almost impossible. The company does not take responsibility for the recommendations provided and the platform’s stability, which can lead to the loss of all funds.
Final Evaluation
Despite its British reputation, Nova Financial LTD is clearly a scam. This emphasizes the importance of analyzing and verifying information provided by financial companies to avoid falling victim to fraud. Therefore, it is recommended to carefully study the terms and check the company’s reputation before investing funds.
