Novelis Capital Review: Can You Trust Novelis.Capital?

Novelis Capital is presenting itself as a trustworthy broker that offers you the possibility to invest using fully automated trading software. That alone should be a red flag since all brokers that claim to offer automated trading software are nothing more than just another online scam.

Novelis Capital is just one of those unregulated and offshore investment scams that are trying too hard to make it look like they are regulated.

In this Novelis Capital broker review, we will strip down all the shady tactics this fraudulent company uses so you will know how to stay away from fraudsters alike.

Novelis Capital’s License and Fund Security

Novelis Capital is an unregulated company that is falsely representing itself as one. Not only are they just another offshore scam company but they don’t even poses any regulation or license.

On top of that, they gained a warning from Spain’s CNMV regulatory body. So, it’s safe to say that you should stay away from Novelis Capital since both you and your money will not be safe.

Find a broker who hasn’t violated any terms and conditions and it’s actually regulated. Never work with companies that are unregulated and have many complaints made against the broker.

The Novelis Capital Trading Platform Overview

As we have mentioned above, Novelis Capital is claiming to offer fully automatic trading software. Well, here is the thing. Their trading platform is nothing like they have promised. Sure, it does exist but it doesn’t offer any of the things they said it does.

The platform has some decent features, like being able to make use of various indicators and chart types. But that’s pretty much it. That’s why it’s best to stay away from this scam broker and just find a regulated one that will offer you MT4 and MT5 trading platforms.

Procedure for Deposit and Withdrawal

Novelis Capital stated on its website they offer deposits via two following methods:

• Visa or Master credit or debit card
• Crypto assets

When it comes to these deposit methods, there is nothing wrong with them. But, here is the catch. Using these deposit methods with an unregulated and unlicensed company is only going to put you at risk.

This is because there is no protection for you or your funds. On top of that, we have also found many customer complaints regarding withdrawal issues. They stated they are unable to withdraw their money and the agents just disappear the moment they asked them for help.

So, in case you have to deposit your money with this fraudulent broker or any like that, getting your money back is possible! Don’t feel embarrassed, since scams can happen to anyone and it’s important to report them to the authorities.

How Is the Con Carried Out?

The fraud is carried out in the same manner as many others of a similar kind. This scam broker will first try to get your information if you have left it on some of those sketchy internet ads. After this, their experienced agents will call you nonstop to get you to invest. They will seem interested in your life, and your problems and tell you many get-rich-fast fairytales until you crack under the pressure and invest.

It is easy to fall prey to their sweet talk, and don’t be ashamed if that ever happened to you. On average, it takes 2 to 3 deposits for a user to realize that something unlawful is happening. By that point, however, the broker will cut all communications with the users.

Novelis Capital Summary

In this Novelis Capital review, we tried our best to warn you about how offshore frauds operate and how dangerous it can be to deal with them. This scam broker has no license and follows no regulations, therefore, posing a big threat to your funds and personal data.

They allegedly give their clients an opportunity to invest in forex, stocks, indices, and shares, but in reality, what they are doing is stealing your money and creating the false picture of it being traded on their cheaply made trading software.

Think twice before taking any risks while investing money and keep in mind that this scam will try to convince you to invest as much as you possibly can while legit brokers will ask for as little as $5 as an initial deposit. Don’t forget to always do proper research as a necessary step especially if you are new to trading.

FAQs About Novelis Capital Broker