Company Summary
| NovotrendReview Summary | |
| Founded | 2021 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Stocks, metals, commodities, indices, cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | Floating spread |
| Trading Platform | MT5 |
| Min Deposit | $50 |
| Customer Support | Contact form |
| 24/7 customer support | |
| Email: team@novotrend.co | |
| Regional Restrictions | The United States, Canada, Sudan, Syria and North Korea and the European Economic Area's clients are not allowed |
Novotrend Information
Novotrend is an unregulated broker, offering trading on stocks, metals, commodities, indices and cryptocurrencies with leverage up to 1:500 and floating spread on MT5 trading platform. The minimum deposit requirement is $50.
Pros and Cons
| Pros | Cons |
| With demo account | No regulation |
| MT5 platform | No contact channels |
| Low minimum deposit requirement |
Is Novotrend Legit?
No. Novotrend currently has no valid regulations. Please be aware of the risk!
What Can I Trade on Novotrend?
Novotrend offers trading on stocks, metals, commodities, indices and cryptocurrencies.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| CFDs | ❌ |
| ETFs | ❌ |
| Forex | ❌ |
| Bonds | ❌ |
Account Type
Here are six account types Novotrend offers:
| Account Type | Min Deposit |
| MT5_Real | $100 |
| MT5_AI | / |
| MT5_STP | $100 |
| VIP | $30K |
| Affiliate Account | / |
| Company Trading Account | / |
Leverage
MT5_AI account provides leverage up to 1:500. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
Novotrend Fees
Trading Fees
For cryptocurrencies, commodities and indices, the broker requires no commission for depositing or withdrawing profit.
For stock, the commission is from 0.1 USD.
Novotrend Spreads
The broker offers floating spreads.
Non-Trading Fees
If a client requests a withdrawal when there is no trading activity, Novotrade reserves the right to charge the equivalent amount of any bank, exchange fee or 6% of the total withdrawal amount.
If the account is considered inactive (no trading activity) for a period of 6 months, the broker will charge a monthly inactivity fee of 10 EUR/USD.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, MacBook, mobile | Experienced trader |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
The broker accepts payments via QIWI, WebMoney, Visa, MasterCard, bank transfers and popular cryptocurrencies, such as Bitcoin (BTC) , Ethereum (ETH) , Bitcoin Cash (BCH) , etc.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Cryptocurrencies | / | By blockchain | from 15 minutes to 4 hours |
| Credit / Debit Cards | / | 5% | Instant |
| Electronic Methods | 10 USD | 1% | 1 hour |
| Bank Transfer | 500 - 50,000 EUR | / | Upto 3 days |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Credit / DebitCard | 20 USD | 6% (Min 20 USD) | Processed by us within 1 business day but you receive thefunds to your account in 3 to 5 business days dependingon your Credit Card provider |
| WebMoney | 10 USD | 1% | 1 Working Day |
| QIWI | 10 USD | 0.8% | 3 Working Day |
| Cryptocurrencies | / | By blockchain | from 1 hour to 24 hours |
