Novobrokers Broker Review


Novobrokers is a forex and CFD broker that claims to offer competitive trading conditions, low spreads, fast execution and a variety of trading platforms. But is Novobrokers a reliable and trustworthy broker? In this review, we will examine the features, advantages and disadvantages of Novobrokers and help you decide if it is the right broker for you.

Features of Novobrokers

Novobrokers offers over 200 trading instruments, including currency pairs, indices, commodities, stocks and cryptocurrencies. You can trade these instruments on the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which are available for desktop, web and mobile devices. MT4 and MT5 are popular and user-friendly platforms that offer advanced charting tools, indicators, expert advisors and automated trading options.

Novobrokers also provides a web-based platform called WebTrader, which is accessible from any browser and does not require any download or installation. WebTrader has a simple and intuitive interface that allows you to trade with one-click execution, multiple order types, market news and analysis.

Novobrokers claims to offer low spreads starting from 0.1 pips on major currency pairs, as well as competitive commissions and swap rates. The broker also offers leverage up to 1:500, which can increase your trading potential but also your risk. You should be careful when using high leverage and only trade with money you can afford to lose.

Novobrokers supports various payment methods for deposits and withdrawals, such as credit cards, bank wire transfers, e-wallets and cryptocurrencies. The minimum deposit amount is $100 for all account types. The broker does not charge any fees for deposits or withdrawals, but you may incur some charges from your payment provider or bank.

Advantages of Novobrokers

  • A wide range of trading instruments to diversify your portfolio
  • A choice of trading platforms to suit your preferences and needs
  • Low spreads and commissions to reduce your trading costs
  • Multiple payment methods to facilitate your transactions
  • A responsive and helpful customer support team available 24/5 via phone, email and live chat

Disadvantages of Novobrokers

  • A lack of regulation and licensing from reputable authorities
  • A limited educational and research section on the website
  • A high leverage ratio that can magnify your losses
  • A limited number of account types and options


Novobrokers is a forex and CFD broker that offers a variety of trading instruments and platforms, as well as low spreads and commissions. However, the broker is not regulated by any recognized authority and does not provide much information about its background and history. Therefore, we advise you to exercise caution when dealing with Novobrokers and do your own research before opening an account with them.

What to Do If You’ve Lost Money with Novobrokers?

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