WikiFX

Sagot

From my thorough review of Nova Finance, I noticed that their account options state "SupportedEA" for each, implying that Expert Advisors (EAs) are allowed for automated trading. As someone who has relied on EAs to test algorithmic strategies, this was an immediate point of interest. However, it’s important for me to be extremely cautious here given several concerning aspects about Nova Finance's overall credibility. First, the regulatory situation stands out as highly problematic. Nova Finance is flagged for "Suspicious Regulatory License" and “High potential risk” on its profile, with both the FSA Seychelles and FCA UK licenses listed as unverified. As a trader who values fund safety and operational transparency above all, this alone would make me hesitate to deploy any serious capital—or sophisticated EAs—on their platform. Additionally, despite the mention of supported EAs, there isn’t any detailed information available about the specific trading platforms offered, such as whether they use the widely trusted MetaTrader platforms that most EAs are built for. Without such details, testing and running EAs reliably becomes difficult, and any issues could be difficult to resolve if the broker lacks proper oversight or customer recourse. While Nova Finance does claim to allow EAs, in my professional opinion, the risks around regulation and operational transparency make it unwise to use EAs—or to trade at all—until further evidence of reliability is provided. My approach is always to prioritize security over features, especially where unverified brokers are concerned.