Choosing from the online exchanges working in the cryptocurrencies market can be tough. Especially when you are at the very start of your crypto investments. So today we will provide you with information about an exchange platform that recently launched on the market. Read more about it in the NovoBrokers.com review.
Website Functionality Side
Let’s start with the functional peculiarities of the platform. No matter to say that a thorough preliminary inspection of the website is the best way how to get off the risks in transactions. So, what we did for you.
The NovoBrokers.com website is a convenient and user-friendly platform intended for both newcomers and experts. That could be seen right from the very start on the home page where all the options are logically and clearly located.
The scope of services the company offers to users include instant and planned cryptocurrency transaction that proves time significant value for the platform’s owners. When making this review, we tried to make several transactions using BTC/USD pairs and USDT/BTC. Both exchanging operations were successful. We have even earned a couple of bucks from the significant changes in rates that eventually were fluctuating in the cryptocurrency market at the time.
Due to the logical structure, the website offers its users much more than just a wide range of financial assets. Here are lots of information that may be profitable or at least risk-free for an investor/trader.
To assume that part of NovoBrokers.com review, let’s highlight the pros&cons of the website functionality.
Pros
• Wide list of services provided by NovoBrokers.com
• Extended range of coins and assets to exchange
• Affordable commission levels
• Instant or fast transactions
Cons
• No commission-free options
• The size of commission and the number of services available for users depend on several features.
Operational Side
What about operations you can hold on NovoBrokers.com? The list of services even if taking cryptocurrencies restrictions provided by state laws into account, strikes the imagination. Here you can trade tokenized assets (aka NFT), and crypto coins, try out the CFS trading model, or get acquainted with the peculiarities of Forex trading.
All the options, yet, are not available from scratch. To prevent the idea to lose capital on some risky assets, the exchange we review provides a step-b-step introduction for its users with regulatory political measures. Right after the registration, only a few options are available and with time, you get more and more opportunities.
As for transactions, they are mostly performed instantly. Yet this depends not only on the amount of money or circumstance coin you exchange but also on the type of e-wallet or the payment methods you use. This is quite a common situation we have met regularly while making a review on various cryptocurrency exchange platforms.
The exchange platform works for the commission provided for each exchange operation. That’s also natural. The size of the commission is declared for each customer individually as it depends on multiple factors. Yet we can say in our NovoBrokers review, that it is not sky-high. At least, it is not higher than other platforms provide.
Pros
- Wide list of services provided by NovoBrokers.com
- Extended range of coins and assets to exchange
- Affordable commission levels
- Instant or fast transactions
Cons
- No commission-free options
- The size of commission and the number of services available for users depend on several features.
Security Side
When creating a review on a financial company, it is no doubt important to emphasize security aspects. In the NovoBrokers.com review, we also do this.
The platform cannot be claimed 100% risk-free yet it provides a clear policy to diminish risky assets use and verifies users. Verification is simple but it also requires downloading your ID/driver’s license copies along with residence-proving documents as well. So be ready to spend a couple of minutes doing this when registering on NovoBrokers.com.
As for the technical side, the site is protected by SSL encryption. There are automated solutions provided for fast exchange operations. That also prevents potential loss from the human factor.
Pros:
- Fast verification when registering
- SSL encryption of the website
Cons:
- Verification is obligatory to get access even to a minimal amount of services
Summaries
Now it is time to get all we’ve listed in this review into a simple conclusion. Who are NovoBrokers.com? This is a trading platform that helps novice crypto holders to understand the main principles of trading. It also provides experts with a new market for crypto operations, Forex, and CFS trading options. The websiteget
is convenient and fast. The registration process is standard, with a bit of simplified verification. Transactions are held instantly or within 1-2 business days. Security is OK. So, we can make a conclusion that NovoBrokers is not a scam.
As for drawbacks, there are several of them. The website is not as popular as other platforms. Besides, there is complex gradation for access levels and commission rates for various users. This doubts a bit but this is also not an exception for crypto exchange platforms.
In general, we can call our NovoBrokers.com review a success as we discovered that this platform is a comfortable place for both novice and experienced traders. We advise the NovoBrokers team to rewind their promotional policy and make access to their full scope of services easier. Other features are quite standard and they provide you with all you need to exchange crypto pairs or NFT assets with ease.
