Overview of Novopus
Novopus is a cryptocurrency trading company founded in 2018 and based in the United States. It operates under the regulation of the National Futures Association (NFA), ensuring compliance with industry standards and providing traders with a sense of security. Novopus offers its proprietary mobile app as the trading platform, allowing users to access the markets conveniently from their mobile devices.
The company specializes in facilitating the trading of cryptocurrencies, providing a diverse range of tradable assets in this exciting market. Additionally, Novopus offers a bonus program by inviting Friends, which allows users to earn rewards by referring others to the platform.
Customer support is available through email, where users can reach out for assistance or inquiries. Novopus also provides educational resources through the “Novopus Other Problems” section, addressing common questions and concerns that traders may have.
With its focus on cryptocurrencies, regulatory oversight, proprietary mobile app, bonus program, and available customer support and educational resources, Novopus aims to provide a comprehensive and user-friendly trading experience for cryptocurrency enthusiasts and investors.
Is Novopus legit or a scam？
Novopus claims to be governed by the National Futures Association (NFA), however, after vefication, we found that this license is a clone one. Overall, Novopus is not regulated by any regulatory authority, that is to say, trading with this broker contains a high level of risks.
Pros and Cons
Novopus offers several advantages to traders. Firstly, it is regulated by the National Futures Association (NFA), ensuring compliance with industry standards and providing traders with a sense of security and trust. The platform also features a user-friendly proprietary mobile app, enabling traders to access the markets conveniently from their mobile devices. Additionally, Novopus provides a bonus program for referring friends, allowing users to earn rewards by inviting others to join the platform. This program fosters a sense of community and incentivizes user participation. Novopus also offers free educational resources through the “Novopus Other Problems” section, providing valuable information and assistance to traders.
However, there are a few limitations to consider. Novopus is limited to cryptocurrencies as tradable assets, which may restrict traders who prefer a broader range of assets. The platform does not provide information on maximum leverage and spreads, making it challenging for traders to assess trading costs and risks. Customer support is limited to email, potentially resulting in delayed response times. Furthermore, there is a lack of information on account types and deposit/withdrawal details, which may impact traders' ability to make informed decisions. Lastly, Novopus does not offer the popular MT4/MT5 trading platforms, which may be a drawback for traders accustomed to those platforms and their features.
Products and services
Novopus offers a range of products and services designed to facilitate cryptocurrency trading and investment. Here is an overview of Novopus's offerings:
Spot Trading: Novopus provides a user-friendly platform for spot trading, allowing users to buy, sell, and trade a wide variety of cryptocurrencies in real-time. The platform offers competitive prices, secure transactions, and a seamless trading experience.
Contract Trading: Novopus offers contract trading, enabling users to trade cryptocurrency derivatives such as futures contracts. This feature allows traders to speculate on the price movements of cryptocurrencies without owning the underlying assets, providing opportunities for profit in both rising and falling markets.
Margin Trading: Novopus enables margin trading, allowing users to leverage their trading positions by borrowing funds to amplify their trading power. Margin trading can increase potential profits, but it also carries higher risks, so users should exercise caution and understand the associated risks before engaging in margin trading.
Trading Tools and Features: Novopus provides a range of tools and features to enhance the trading experience. These include advanced charting tools, real-time market data, order types (such as limit orders and stop orders), and customizable trading interfaces. These tools help traders make informed decisions and execute trades more effectively.
Security Measures: Novopus prioritizes the security of user funds and personal information. The platform implements robust security measures, including two-factor authentication (2FA), cold storage for funds, encrypted data transmission, and regular security audits.
Bonus
Novopus offers an invitation-based reward mechanism called “Invite Friends and Earn Rewards.” With this program, you have the opportunity to earn rewards from every transaction made by individuals you refer. Even if you refer just one person, you will receive rewards regardless of the number of people they refer.
It's important to note that while the reward mechanism offers the potential to earn commissions, it also comes with certain risks and considerations. Here are some advisory suggestions for users:
Risk Awareness: Users should be aware that trading in cryptocurrencies carries inherent risks, including market volatility and potential financial losses. It's crucial to assess your risk tolerance and only invest funds that you can afford to lose.
Read Terms and Conditions: Before participating in any reward program, carefully review the terms and conditions provided by Novopus. Understand the eligibility criteria, commission distribution mechanisms, and any associated fees or requirements.
Conduct Due Diligence: If you plan to refer or recommend others to the platform, ensure that you understand the responsibilities and obligations that come with it. It's advisable to only refer individuals who have a genuine interest in cryptocurrency trading and who are willing to conduct their own research and understand the risks involved.
Seek Professional Advice: If you are unsure about any aspect of the reward mechanism or the overall trading process, consider seeking advice from financial professionals or experienced traders. They can provide guidance based on their expertise and help you make informed decisions.
Trading Security
Novopus provides advanced trading security technology, including the SS-D anti-surveillance technology. This technology focuses on ensuring the integrity and confidentiality of the underlying program development system, making it resistant to cracking attempts.
The core of the SS-D anti-surveillance technology is the “Surveillance Self-Defense” system, which combines blockchain technology to address the issue of hackers stealing personal privacy data. This system enhances security by anonymizing and encrypting data during transmission. After data enters the transmission network, it is uploaded to the cloud in an anonymous form. As a result, even if a third party manages to steal the encrypted data, it becomes nearly impossible to decipher the logic of the encrypted data during transit.
By integrating blockchain technology and implementing advanced encryption methods, Novopus aims to provide a secure trading environment and protect users' personal information and transaction data from unauthorized access or surveillance.
Trading Platform Available
Novopus offers its own proprietary trading platform, which is distinct from the popular MT4 or MT5 platforms. It's important to note that Novopus's platform is currently available only as a mobile application. Traders are required to download the mobile app to access and utilize the trading platform. However, it's worth mentioning that this mobile-only approach may pose a slight inconvenience to traders who are accustomed to web-based trading platforms.
While Novopus's mobile trading platform provides the flexibility of trading on the go, some traders may prefer the convenience and familiarity of web-based trading. It's recommended for potential users to consider their personal preferences and trading requirements before deciding to use Novopus's platform.
Deposit & Withdrawal
Novopus has restrictions on payment methods. To recharge USDT (TRC20) cryptocurrency on Novopus, follow these steps:
1. Log in to your Novopus account and navigate to the “My” page located on the bottom navigation bar.2. On the “My” page, click on the “Recharge” button.3. The deposit address will be displayed on the page. You can either click the “Copy” button to copy the address or use a QR code scanner on the withdrawal page of your exchange wallet to scan the QR code provided on the Novopus page.4. Before proceeding, double-check that you have selected the correct currency and ensure that the network corresponds to the address you want to recharge. Once you have confirmed these details, complete the transaction by initiating the transfer on your currency withdrawal platform.By following these steps and verifying the necessary details, you can successfully recharge USDT (TRC20) cryptocurrency on Novopus.
Educational Resources
Novopus provides educational resources for its users, including a section called “Novopus Other Problems.” This section addresses common questions and concerns. Here are a few examples:
1. Deposit & Withdrawal:
- Recharge: Information on how to deposit money into your Novopus account.
- How to transfer money: Instructions on how to initiate fund transfers.
- How to propose a cryptocurrency: Guidance on adding new cryptocurrencies to the platform.
- The deposit has not arrived？ Steps to follow if a deposited amount has not been credited to your account.
- How to view account assets: Instructions on how to access and view your account's asset details.
2. Tax Related:
- Information and resources related to taxation in relation to cryptocurrency trading.
These educational resources aim to provide users with assistance and guidance on various aspects of using the Novopus platform, ensuring a smooth and informed trading experience.
Customer Support
Novopus, the trading firm, offers customer support through various channels:
1. Market Maker Program:
Market makers with a good market-making strategy and a significant trading volume are encouraged to participate. Customers with at least 10 BTC in their Novopus Spot or Contract accounts can email their inquiries to support@novopus.org. The email should include the following information:
- UID (not associated with any rebate program in any accounts)
- Screenshot of trading volume on other transaction platforms (e.g., volume within 30 days or VIP status)
- Brief description of the market-making strategy
Market makers are not eligible to use point cards, VIP rates, rebates, or any other fee promotions.
2. Technical Support:
For any API-related questions or concerns, customers can reach out to Novopus through the following channels:
Join the official Telegram account: @NovopusOfficialGroup
Contact customer support via the Help Center or send an email to support@novopus.org.
Conclusion
Overall, Novopus offers regulated trading, a user-friendly mobile app, referral rewards, and educational resources. However, limitations such as asset variety, limited support channels, lack of regulation, and absence of MT4/MT5 should be taken into consideration before choosing the platform.
FAQs
Q: How do I create an account on Novopus？
A: Sign up by providing your email and password.
Q: What cryptocurrencies can I trade on Novopus？
A: Bitcoin, Ethereum, Ripple, Litecoin, and more.
Q: How do I deposit funds into my Novopus account
A: Choose your deposit method and follow the instructions provided.
Q: Is there a minimum deposit requirement on Novopus？
A: Yes, a minimum deposit amount applies.
Q: How can I contact Novopus customer support？
A: Contact support via email or access the Help Center.
Q: Can I use Novopus on mobile devices？
A: Yes, Novopus offers a mobile app for iOS and Android.
Q: Is my personal and financial information secure on Novopus？
A: Yes, Novopus prioritizes user security and implements advanced measures.
Q: Does Novopus offer a demo account for practice trading？
A: Yes, a demo account is available for practice trading.
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