Novaoptiontrade45 – Are They Secure?

Website URL:  https://novaoptiontrade45.com

Founded:  2000

Regulations: Unregulated

Languages:  English and almost all the languages of the world

Deposit Methods:  Master Cards, PayPal, Visa Cards, and Maestro, KBC bit miner, Net exchange, and USA bitclube

Minimum Deposit: $200

Free Demo Account: None

Number of Assets: No information was found on the website

Types of Assets: Stocks, Forex, and Cryptocurrencies

Trading Accounts and Conditions

Novaoptiontrade45 is offering eight types of accounts to the customers:

•         Starter Plan Account: The minimum deposit amount is $200.
•         Silver Plan Account: The minimum deposit amount is $300.
•         Gold Plan Account: The minimum deposit amount is $400.
•         Premium Plan Account: The minimum deposit amount is $500.
•         Deluxe Plan Account: The minimum deposit amount is $600.
•         Exclusive Plan Account: The minimum deposit amount is $700.
•         Professional Plan Account: The minimum deposit amount is $800.
•         Master Plan Account: The minimum deposit amount is $900.

 NOVAOPTIONTRADE45 – ADVANTAGES

Novaoptiontrade45 does not offer any advantage to the clients who invest with them.

NOVAOPTIONTRADE45 – DISADVANTAGES

• An Unregulated Enterprise

Novaoptiontrade45 claims to be regulated and owned by Commodity Futures Trading Commission(CFTC) in the USA, the Cyprus Securities and Exchange Commission, and the International Financial Services Commission in Belize. However, when the registered broker’s list of these regulatory authorities was checked, no broker with the name of Novaoptiontrade45 was found in their databases.

Moreover, they have also mentioned another company on their website named CryptoMinner Ltd, which they say is based and registered in the USA providing investment and trading services to the clients. Upon researching this entity named CryptoMinner Ltd, there was no information found about it anywhere.

In addition to this, Novatrade45 has not clearly communicated its location of operations on its website. Novaoptiontrade45 claims to be based in New York whereas in their contact section they have vaguely mentioned that they are based in Ohio, USA but they have not mentioned any phone number or physical address related to this location.

While in the about section of the website, they are claiming to be a registered enterprise of the UK with the UK prefix number. However, there were no traces found when the UK’s FCA authority’s database was checked. Just in a few different sections, Novaoptiontrade45 is claiming different things at different places. There is so much inconsistency in their information on location. They are giving inaccurate information and false claims to their customers.

Therefore, none of the information mentioned by this broker was found true. There was no existence found related to both the entities the Novaoptiontrade45 and the CryptoMinner Ltd in the databases of the institutions they are claiming to be regulated by. Therefore, they are an unregulated anonymous website and your funds are at risk with them.

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• Claiming False Statements

Novaoptiontrade45 promises its customers a 10 times return on investment (ROI) for each of the 8 plans they have. In addition, on their homepage, they are claiming to give 100% profit to the customer’s account in 60 seconds. Not only this, they also give 100% guarantee and assurance that customers will not lose their funds and will surely gain profit if the customer allows Novaoptiontrade45 to manage his/her account. But all these are only false statements and empty claims to trap customers.

Furthermore, they are offering its customers optimal wealth management services. In reality, everyone knows that all brokers are market makers. They only gain profit when the trader will lose the funds. So, it is clear that if the customer will give his/her funds in the hands of market makers like Novaoptiontrade45, they will be happier to mismanage that account for the sake of gaining profits.

• No Trading Platform

Novaoptiontrade45 advertises on their website a cross-trading platform which customers can access from any device like a phone, PC, or tablet. In reality, Novaoptiontrade45 does not provide any trading platform. No trading platform link can be found anywhere when we tried downloading it. This is a clear sign that this broker is a scammer.

• Missing Important Information

Upon researching the terms and conditions section of the website, only very little information was mentioned regarding the legitimacy of this broker. They are claiming that they are regulated, however, no information can verify this claim. Other missing information include the fees and commissions as well as its trading conditions.

• Lies About Deposit Methods and Using Un-Secure Deposit Methods

Novaoptiontrade45 offers its customers a variety of deposit methods. There are different credit card and PayPal logos mentioned on their website, but they lie about their deposit methods because upon checking, only one method is working which is using Bitcoin. This type of payment method is preferred by a lot of scammers because of its untraceability. This means that once payment is made using Bitcoin, there is no way to reverse it in case something goes wrong. You also can’t request for a refund.

• Non Functional and Poor Designed Website

When customers register with Novaoptiontrade45 and open an account, they ask for the name and e-mail address and choose from either forex or trade mining. Once all the details are filled and the registration process is successful, the customer is directly taken towards the trading dashboard. They do not send any verification or confirmation e-mail which every website does when you register an email with them.   

In addition to this, the website is poorly designed and looks very incompetent. It is full of spelling mistakes and has non-working or broken links.

• Misleading Information

Novaoptiontrade45 requires $200 as a minimum initial deposit amount. While on another page of the website the broker mentions the amount of $300 as the minimum deposit and for the stock to be $1000. This is clearly an inconsistency and a product of poor content planning. Regulated brokers are very careful about their terms and conditions, especially with regards to rates and fees. This is clearly the work of  a scammer because so much information just doesn’t match together as a whole.

Conclusion

Novaoptiontrade45 is a non-legit scam brokerage operating through a non-functional, and poorly designed anonymous website. They falsely claim to be regulated by regulatory authorities of Belize, Cyprus, and the USA. However, in reality, Novaoptiontrade45 is not licensed or authorized by anyone. Their website is totally anonymous run by scammers whose only intention is to trap customers. Therefore, if you invest with Novaoptiontrade45, your funds are not safe!

NOVAOPTIONTRADE45

2.5

User Experience

3.5/10

Payment Options

2.3/10

Security

2.3/10

Support

2.2/10

Reputation

2.3/10

Pros

• None

Cons

• An unregulated enterprise
• Claiming false statements
• No trading platform
• Missing important information
• Lies about deposit methods and using un-secure deposit methods