High Risk
Reported as a scam / unregulated
SF-709007registry entry
Why Novotrend is on the register
According to our investigation, Novotrend claims to be only registered with the Saint Vincent FSA and never held any valid license from a recognized financial regulatory authority, meaning its financial activities are unregulated and carry a high risk of fraud.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.