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

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

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 or registered by us.

This firm is not authorised by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong.

Unauthorised firm - NovaTrades

Address: Novatrades LTD, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro Marshall Islands, MARSHALLS ISLAND, MH 96960

GammaTech Services O%C3%9C, Roosikrantsi 2-K284, Tallinn, Harju maakond, ESTONIA, 10119

Telephone: 02 03-393-7724

Email: support@novatrades.com,

schiroinvestments.ma@gmail.com

Website: www.novatrades.com, www.instafx24.com

Be aware that some firms may give out other details or change their contact details over time to new email addresses, telephone numbers or physical addresses.

Click here to view the FCA's original notice