Novelis Capital Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 18:50

Abstract：Novelis Capital is a newly-established brokerage company and currently does not maintain functional website that we can only get limited information about this company on the Internet.

　　Note: Novelis Capital's official website - https://novelis.capital/ is currently inaccessible normally.

Novelis Capital Review Summary
Founded	/
Registered Country/Region	St. Vincent and the Grenadines
Regulation	No regulation
Market Instruments	2,000+, forex, stocks, cryptocurrencies, indices and commodities
Demo Account	/
EUR/USD Spread	From 3 pips
Leverage	Up to 1:100
Trading Platform	Web-based platform
Min Deposit	$250
Customer Support	Contact form
	Email: support@novelis.capital
	Registered Office: Suite 305, Griffith Corporate Centre, Kingstown P.O. Box 1510 St. Vincent and the Grenadines

Novelis Capital Information

　　Novelis Capital is a newly-established brokerage company and currently does not maintain functional website that we can only get limited information about this company on the Internet.

　　The broker offers trading services for forex, commodities, cryptos, indices and stocks, with a moderate minimum deposit of $250. Spread for EUR/USD is wide from 3 pips, which normally increase trading costs.

　　What's worse, the broker currently operates without any valid regulation, implying possible less compliance to industry and customer protection. Usually we don't recommend you to trade with such unrealiable broker.

Pros and Cons

Pros	Cons
Diverse tradable assets	New to the market
Multiple account types	Inaccessible website
Popular payment options	No regulation
	Wide spreads
	No MT4/5
	High minimum deposit
	High threshold for the bonus program

Is Novelis Capital Legit?

　　Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Novelis Capital, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

What Can I Trade on Novelis Capital?

　　Novelis Capital claims to offer more than 2,000 market instruments for clients to choose from.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type/Fees

　　Novelis Capital claims to offer four types of trading accounts - Silver, Gold, Pro and VIP, with minimum initial deposit requirements of $250, $1,000, $5,000 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Type	Min Deposit
Silver	$250
Gold	$1,000
Pro	$5,000
VIP	$10,000

　　Spread for the major EUR/USD is wide from 3 pips, which increases trading costs. While information for trading commissions is absent so far, necessitating direct clarification with the broker directly when conduct trading activities.

Leverage

　　Novelis Capital offers varying leverage levels for different accounts:

Account Type	Max Leverage
Silver	1:20
Gold	1:50
Pro	1:80
VIP	1:100

　　We always suggest you to use leverage prudently due to significantly amplified losses at the same time as gains.

Trading Platform

　　The platform available for trading at Novelis Capital is web-based with the simplistic interface and functions.

Trading Platform	Supported	Available Devices	Suitable for
Web-based	✔	/	/
MT4	❌	/	Beginners
MT5	❌	Windows, Android, WebTrader, iOS	Experienced traders

Deposit and Withdrawal

　　Novelis Capitals used to indicate on its website that it accepts numerous methods of payments: Visa, WireTransfer, Piastrix, Verified by Visa, Maestro, MasterCard and MasterCard SecureCode.

Promotions

　　Novelis Capital claims to offer bonus programs, however, you can only withdraw the bonuses after executing a minimum trading volume of 25 times the deposit amount plus the bonus issued.