Novotrend review novotrend.co Scam

Novotrend (novotrend.co) is another scam from an anonymous group of scammers who regularly create new pseudo broker sites to scam people. Fraudsters adhere to complete anonymity, hide behind someone else's legal data. Considering all the checks, it is strongly discouraged to invest in the Novotrend.
Novotrend review novotrend.co Scam
Novotrend reviews
Novotrend reviews
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Novotrend reviews

Information about the project

Novotrend reviews (novotrend.co scam or legit?) A trading platform built for Everyone. Novotrend is a scam, and we’ll show evidence to support our accusations. Novotrend has everything you need to build a trading strategy, get started, and take on the markets. The novotrend.co website says that Novotrend makes the trading experience open to all and as easy-to-use as possible.

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  • Novotrend review,
  • novotrend.co review,
  • Broker Novotrend,
  • Novotrend scam or legit,
  • Novotrend chargeback.

Are Funds Safe with Novotrend?

With such lack of information and Novotrend being offshore, funds are not safe. Security of funds is a huge problem with offshore brokers. A red flag that we noticed is Novotrend is withholding vital information to users. Novotrend could go bankrupt from one day to another since there are no banking information about this broker.

The scammers will just give you fake charts, and you will really think that you are in the black. But as soon as you want to withdraw money, you cannot do this. Because the real balance will be zero. After all, cunning crooks will simply transfer all your money to their offshore accounts. It is practically impossible to return your money from there, as we have already done before.

About Novotrend

Novotrend review – What the company says about itself: Modern technology has erased physical boundaries, and offices are no longer necessary to deal with customers.
Novotrend operates on a 100% online model. It provides access to trading and investing in financial markets from anywhere in the world via its MetaTrader5 trading terminal.
We are currently developing tutorials that can be mastered online. Beginner traders are encouraged to participate in our webinars and learn terms and little-known trading strategies.

novotrend reviews
novotrend review

Any information/article/material/content provided by Novotrend or is shown on the website novotrend.co is intended to be used solely for educational purposes and does not constitute investment advice and/or consultation on how the client should trade.

Although Novotrend has taken care to ensure that the content of such information is accurate, it cannot be held responsible for any omission/mistake/miscalculation, and it cannot warrant the accuracy of any material and information contained herein. 

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Is Novotrend scam?

Signs of a Fake Broker:

Novotrend is an offshore broker. The problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.

To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why your funds are not safe with Novotrend.

the Novotrend company

According to the presented results of ex-traders of this project, Novotrend review, which, by the way, are quite negative and unprofitable, the Novotrend company does not withdraw money, which, in principle, was quite expected and logical, also based on the previously mentioned provisions.

  1. Lack of Regulation: One of the major signs of a fake broker is the absence of proper regulation by financial authorities. Legitimate brokers are subject to strict rules and standards imposed by regulatory organizations.
  2. Unrealistic Promises: Fake brokers like Novotrend may make unrealistic promises of quick and substantial earnings to lure clients. These exaggerated promises should be treated with skepticism.
  3. Weak Contacts and Support: A fake broker may have poorly defined contact details and may avoid providing complete and transparent information about their services.
  4. Lack of Transparency: Transparency regarding fees, commissions, and the trading process is crucial. Fake brokers may hide this information or be evasive about it. (according to Novotrend reviews)

novotrend.co disadvantages of collaborating with a Fake Broker:

Loss of Funds: Collaborating with a fake broker can expose you to the risk of losing significant investments, as they can manipulate trades to their advantage.

Theft of Personal Information: Fake brokers may request and use sensitive personal information for fraudulent purposes, such as identity theft.

Negative Experience: Collaborating with an unscrupulous broker can lead to a negative financial and emotional experience, with a loss of trust in the market and investments.

Trust the Novotrend (novotrend.co) ?
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Novotrend Reviews

Real reviews about novotrend.co

Now it is observed that almost every week there are massively negative reviews. People accuse the project of fraud and demand a refund. A rather important detail in the activities of each broker, which has already been proven by more than a dozen reviews on the fraudnotify.com website, is the ability for each trader to freely withdraw their profit.

according by the presented results of the ex-traders of this project, which, by the way, are quite negative and unprofitable, Novotrend does not withdraw money, which, in principle, was quite expected and logical, also based on the previously mentioned provisions.

Important!

Review “Novotrend broker reviews” appeared first on fraudnotify.com © – copying material without the permission of the site administration is prohibited! If you have come across this investment project, please describe your cooperation in the comments on our website. Your review will greatly help other Internet users to save their time, money and mess with Novotrendhttps://novotrend.co//
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Novotrend reviews – Conclusion

Conclusion of the review

Novotrend (novotrend.co) is another scam from an anonymous group of scammers who regularly create new pseudo broker sites to scam people. Fraudsters adhere to complete anonymity, hide behind someone else’s legal data. Considering all the checks, it is strongly discouraged to invest in the Novotrend.

How to Protect Yourself:

  • Check Licensing and Regulation: Always verify if the broker is authorized and regulated by a trusted financial authority.
  • Research Carefully: Conduct thorough research and read independent reviews to assess the broker’s reputation.
  • Be Skeptical: Be skeptical of unrealistic promises of earnings, and avoid collaborating with brokers pressuring you to make large deposits.
  • Request Information: Request complete and transparent information about fees, commissions, and trading regulations.

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Frequently asked questions about Novotrend:

Novotrend FAQ

Novotrend is a scam or a trusted company?

Check out the company’s Trust Rating, which is the average between our independent expert’s opinion and user ratings from fraudnotify.com Customer reviews are one of the main criteria that influences the placement of a broker in the ranking of the best companies. You can see all reviews about Novotrend on the company profile page.

Which Novotrend reviews are true and which are fake?

Financial companies buy positive reviews in batches. By relying on fake opinions, users suffer serious losses. Monitor reviews from real people on fraudnotify.com — the project blocks fakes before they are published.

How to withdraw money from Novotrend?

A rather important detail in the activities of each broker is the ability for each trader to freely withdraw their profit. False brokers extort money to pay commissions, taxes, conversions, etc. with the aim of extorting ever larger payments from the victim. If the broker has blocked your personal account or requires new additional payments to withdraw funds, initiate a chargeback. Scam brokers and how to recognize them!

How to find out if Novotrend is on the blacklist?

FraudNotify investigates and verifies scammers first-hand to provide the most reliable data. Here https://fraudnotify.com/add-review/ you can order a review of any Internet resource for free and anonymously.

3 комментария
  1. They have opaque trading conditions, which made me feel insecure and mistrustful.

  2. I lost significant funds due to this broker. They did not provide adequate support or warn about the risks.

  3. This broker has a history of market manipulation and front running. They used information about clients’ transactions to their advantage.

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