Review summary
Novafx is a forex broker registered in Russia and operating for 5-10 years. According to WikiFX data, it holds no valid authoritative forex trading licenses, placing it outside the jurisdiction of major financial regulators. The broker receives a low overall WikiFX score of 1.53, which reflects significant concerns regarding its operational framework. This complete lack of regulatory oversight presents a substantial risk for traders, as there is no formal mechanism for fund protection or dispute resolution. While the broker's business index is rated at 7.17, this is not sufficient to mitigate the fundamental security concerns associated with its unregulated status. Investors should exercise a high degree of due diligence before considering this entity. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-05-07)
