Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
RichN
Within 1 year

Is it possible to use Expert Advisors (EAs) for automated trading on Nova Finance's platforms?

Broker Issues
Nova Finance
Account
Instruments
Platform
Leverage
06-20
United States
WikiFX
Reply

From my thorough review of Nova Finance, I noticed that their account options state "SupportedEA" for each, implying that Expert Advisors (EAs) are allowed for automated trading. As someone who has relied on EAs to test algorithmic strategies, this was an immediate point of interest. However, it’s important for me to be extremely cautious here given several concerning aspects about Nova Finance's overall credibility. First, the regulatory situation stands out as highly problematic. Nova Finance is flagged for "Suspicious Regulatory License" and “High potential risk” on its profile, with both the FSA Seychelles and FCA UK licenses listed as unverified. As a trader who values fund safety and operational transparency above all, this alone would make me hesitate to deploy any serious capital—or sophisticated EAs—on their platform. Additionally, despite the mention of supported EAs, there isn’t any detailed information available about the specific trading platforms offered, such as whether they use the widely trusted MetaTrader platforms that most EAs are built for. Without such details, testing and running EAs reliably becomes difficult, and any issues could be difficult to resolve if the broker lacks proper oversight or customer recourse. While Nova Finance does claim to allow EAs, in my professional opinion, the risks around regulation and operational transparency make it unwise to use EAs—or to trade at all—until further evidence of reliability is provided. My approach is always to prioritize security over features, especially where unverified brokers are concerned.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com