Novuscm Review 2018

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NovuscmReview

Novus CM Review

Established in 2011, NovusCm is an online CFDs trading platform that is based in the Marshall Islands. The platform brand is owned and managed by a holding company by the name of Velmon Enterprise Ltd. Their registered office is located at the Trust company complex, Ajeltake Road, Ajeltake islands, Majuro, Marshall Islands MH96960.

As an online brokerage platform, NovusCm offers online trading services for more than a thousand types of financial instruments. These instruments are selected from 4 major markets namely the forex market, the stock market, the commodities market and the indices market. With their state of the art trading platforms, you can be assured of ultra-fast trading transactions.

Novus CM Regulations

NovusCm is an offshore based trading platform. It is not regulated by any financial regulatory authority.

Novus CM Reliability

In terms of its reliability, Novus Cm complies with all international legislation regarding anti-money laundering activities.  The website is also secured with SSL encryption as well as being PCI compliant for online credit card transactions.

Novus CM Trading Platforms

For trading platforms, NovusCm has provided 2 types of trading platforms. For forex trading, you have the choice of the MT desktop client or the MT4 Webtrader. Popular among traders for its reliability, the MT4 platforms comes integrated with a wide range of trading tools such as an advanced charting package and a large library of technical indicators. The chart also supports multiple time frames as well as one-click trading.

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For CFDs trading, Novus Cm uses the platform powered by TraderSoft. This platform support CFDs trading for markets such as commodities, Indices, and stocks. The user interface is well designed to allow for easy operation of the trading platform.

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Novus CM Mobile Trading

With support for mobile trading, traders who are constantly on the move no longer need to be left out of profitable trading opportunities. The mobile app is available free of charge and can be downloaded from Google Play store or Apple App store. Once installed on to your smartphone, it will allow you to access your trading account, manage your market positions as well as execute trades while you are on the move.

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Novus CM Trade Types/Instruments

In terms of trade types, Novus Cm gives you access to the spot forex market or CFDs market. For the spot forex market, you can trade with more than 20 different currency pairs. For CFDs, they cover the indices market, international stocks, and popular commodities.

Novus CM Account Types

For the trading accounts at Novus Cm, you have a choice of 5 different types of trading accounts. They comprise of the following:

Micro Account

  • Minimum deposit of $1000
  • 10% Bonus
  • Live Introductory session
  • Basic Market Introduction

Classic Account

  • Minimum deposit of $5000
  • 20% bonus
  • eBook
  • Trading Signals
  • Live session
  • Advanced Market Introduction

Silver Account

  • Minimum deposit of $20,000
  • 40% bonus
  • Advanced live sessions
  • eBook
  • Personal business Plan
  • Trading signals
  • Flexible spreads

Gold Account

  • Minimum deposit of $50,000
  • Full educational package
  • 75% bonus
  • A custom risk management plan
  • Personal business plan
  • Live session with head analyst
  • Flexible spreads
  • Trading instruments
  • No withdrawal fee

Platinum Account

  • Full educational package
  • A custom risk management plan
  • Long-term business plan
  • An unlimited Live session with head analyst
  • Lowest spreads
  • Full Trading instruments pack
  • No withdrawal fee
  • Market psychology coaching
  • Annual Traders Convention

Novus CM Commissions & Spreads

Novus Cm does not charge any commission on the trades that its traders make. Instead, they have to pay a small spread on the price quotes that they receive. The table below shows some of the typical spreads offered by Novus Cm for forex trading.

Instrument Spreads (in pips)
EUR/USD 0.0003
GBP/USD 0.00032
USD/JPY 0.03
EUR/GBP 0.0004
EUR/CHF 0.0004
EUR/JPY 0.04
GBP/JPY 0.08
USD/CHF 0.0004
USD/CAD 0.0005
GBP/CHF 0.0007

 Novus CM Deposits & Withdrawals Options

As for the payment options supported by Novus CM, you can fund your account through your credit cards, virtual credit cards, eVochers, phone deposit or by wire transfer. Withdrawals are done through credit cards or wire transfer.

Novus CM Bonus & Promotions

In terms of bonuses, Novus Cm is offering new account holders a deposit bonus. Depending on the account type, the amount of bonus ranges from 10% to 75%.

Novus CM Customer Support

The customer support service at Novus Cm is provided on a 24/6 basis. Requests for assistance can be made through email, Live chat or the telephone. To bolster the level of support, Novus Cm has also provided its traders with a comprehensive educational package. There is a large library of training videos as well as other training resources in their educational center.

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Pros

  • 24/6 customer support
  • 5 types of trading accounts
  • Choices of trading platforms
  • Comprehensive educational package
  • Deposit bonus available

Cons

  • High minimum deposit requirement
  • No FAQ
  • Unregulated broker

Novus CM Q&A

  • Is Novus CM regulated?

No, Novus Cm is not a regulated broker.

  • Where is Novus CM based?

Novus Cm is based in the Marshall Islands. Its registered office is located at the Trust company complex, Ajeltake Road, Ajeltake islands, Majuro, Marshall Islands MH96960.

  • How does Novus CM make money?

Novus Cm makes its money by charging its clients a small spread on the trades that they make on the brokerage firm platforms.

  • How do I deposit in Novus CM account?

With Novus CM, you can fund your account through your credit cards, evouchers, phone deposit or bank wire transfer.

  • How do I withdraw money from Novus CM?

Withdrawals from a Novus CM trading account can be done through credit cards or bank wire transfer.

  • How do I open an account with Novus CM?

To open an account with Novus CM, you need to fill up a registration form and submit it with the requested documents for verification.

  • Is Novus CM reliable?

Yes, Novus CM is a reliable broker. It has been operating since 2011.

  • Does Novus CM use MetaTrader?

Yes, Novus CM uses the MetaTrader 4 platform to support spot forex trading.

  • What is Markets’s leverage?

The maximum leverage offered by Novus CM is 1:400.

  • Is Novus CM a scam?

No, Novus CM is not a scam. It is a legitimate broker that has been operating for the last few years.

  • How safe is Novus CM?

Novus CM is a safe broker as it has several security measures in place to protect the integrity of its clients’ personal information.

Conclusion

In terms of the product offerings, Novus CM offers an adequate range of products and services. However, the platform still lacks an FAQ section for reference as well as a complete asset index. While these are small issues, they will prove useful to newcomers who are looking for quick answers to their queries.

NovuscmOverview

Company Information

Broker DetailsInfo
Headquarters CountryCyprus
Foundation Year2011
Publicly TradedNo
Number Of Employees100

Deposit Options

Credit Card, Wire Transfer

Withdrawal Options

Credit Card, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$250
Max. Leverage1:400
Mini AccountYes
Demo AccountYes
Premium AccountYes
Islamic AccountNo

Novuscm Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
Day TradingYes
Weekly TradingYes
Swing TradingYes

Customer Service

TimeYes/No
24 Hours SupportYes
Support During WeekendsNo

Customer Support Languages

English, Italian

Trading Services

ServiceInfo
Fixed SpreadsYes
Educational ServiceYes
SignalYes
Email AlertsYes
Guaranteed Stop LossYes
Guaranteed Limit OrdersYes
Guaranteed Fills/LiquidityYes
Trailing SP/TPYes
Cryptocurrency CoinsYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsYes
StocksYes
BondsNo
CryptocurrenciesYes

NovuscmUser Reviews

Rate this broker
  • 4.0
    Help Is Always Available When You Need It
    JM
  • 4.0
    Leverage Ratio Is Really High At 1:400
    Hayden
  • 4.0
    Up To 75% Deposit Bonus
    D
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