TradeNovaFX

Editorial Rating:
1.50
Accept US Traders:
No

TradeNovaFX.com

Situated in Helsinki, Finland, and founded in 2009, TradeNovaFX is a foreign exchange broker which offer independent traders direct access to top tier Interbank liquidity through an STP platform. Combining the functionality and reach of MetaTrader 4 with a selection of tight spreads and low charges, TradeNovaFX is a popular choice for domestic and international traders.

To ensure it offers a reliable and secure FX brokerage, TradeNovaFX is fully compliant with Finland’s financial regulations and of its accounts are regularly audited by noted accounts firm Ernest and Young Oy.

TradeNovaFX.com’s Special FX:

For experienced traders who are keen to expand their trading portfolio and take charge of sub-accounts in addition to their own, TradeNovaFX offers a managed account system. Making the process of overseeing and executing multiple trades simple, the software is available on request and something TradeNovaFX is keen to push to its top FX traders.

At the other end of the spectrum TradeNovaFX also caters to inexperienced traders with its education section. Although basic in its range of material, the information on offer will give aspiring investors a solid platform from which to launch a successful foreign exchange career.

The Essentials:

Keen to offer a reliable, functional and well connected product, TradeNovaFX has made use of MetaTrader 4 which offers direct access to the Forex market. Designed to be an all-in-one software solution through which both novices and professionals can tailor their trading environment, MT4 certainly makes this site’s two account options more attractive.

Trading conditions at TradeNovaFX are aimed more at high-end independent traders and institutional clients with large amounts of money to invest.

Standard Account:
Minimum account size = $5,000
Minimum position size = 0.1 lot
Variable spreads typically from 0.6 pips on major currency pairs (minimum spreads offered on this account are set at 0.3 pips).
Commission (one-way) per 1 standard lot = $3
Scalping and Expert advisors are allowed on this account.
Leverage = 1:100
Digits quoted after the comma = 5
Margin call level = 50%
Stop-out level = 25%
Number of currency pairs available = 54 (including 14 exotics)

Institutional Account:
Minimum account size = $100,000
Minimum position size = 0.1 lot
Variable spreads typically from 0.5 pips on major currency pairs (minimum spreads offered on this account are set at 0.1 pips).
Commission (one-way) per 1 standard lot = $25
Scalping and Expert advisors are allowed on this account.
Leverage = 1:100
Digits quoted after the comma = 5
Margin call level = 150%
Stop-out level = 100%
Number of currency pairs available = 54 (including 14 exotics)
In addition to the above conditions, both accounts offer the following features: Trailing stops, hedging, pending orders, overnight interest rates (swaps), one-click and automated trading.

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.