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Does Nova Finance charge a commission for each lot traded on their ECN or raw spread accounts?

Broker Issues
Nova Finance
Fees and Spreads
05-04
United States
WikiFX
Reply

Based on my careful review of Nova Finance, I have found their fee structure to be ambiguously presented, particularly regarding commission details on ECN or raw spread accounts. When I look into a broker, clear disclosure of trading costs—especially commissions per lot on ECN or raw accounts—is essential for evaluating real-world trading expenses. With Nova Finance, the information provided only specifies minimum spreads by account type and required deposit levels, but I could not find explicit listings of commission rates tied to any specific account tier. In my experience, this lack of transparency around per-lot commissions is concerning. Reputable brokers typically list the commission fees—often in USD per lot—especially for ECN accounts where lower spreads are balanced by explicit commissions. The absence of this detail, combined with a "suspicious regulatory license" status and warnings about potential risk, make it difficult for me to confidently assess the true cost structure or trustworthiness of Nova Finance’s ECN or raw spread offerings. For my own trading, I am extremely cautious about using any provider that does not clearly outline every cost involved, as hidden or unspecified fees can directly impact net trading outcomes. Without direct, official confirmation about commissions per lot for ECN or raw accounts, I am not comfortable assuming the terms or recommending Nova Finance for traders concerned with cost transparency.

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