On April 10, 2018, the Financial Conduct Authority issued a warning regarding NovaTrades

In its notification, the FCA said "We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.".

The FCA went on to note that

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.

However, some firms act without our authorisation and some knowingly run investment scams.

This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.

NovaTrades

Addresses: Novatrades LTD, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro Marshall Islands, MH 96960

GammaTech Services OÜ, Roosikrantsi 2-K284, Tallinn, Harju maakond, 10119

Telephone: 0203-393-7724, 0560 306 5661

Emails: Support@Novatrades.Com, Support@Novatrades.Com, Support@Novatrades.Com

Websites: www.novatrades.com, www.instafx24.com

Click here to view the FCA's original notice