Review summary
Novaprime is a relatively new brokerage established within the last 1–2 years and registered in the United States. Despite its US registration, the broker's business scope is flagged as a suspicious operational region, raising immediate questions about its jurisdictional integrity. According to WikiFX data, Novaprime holds no valid authoritative forex trading licenses. The licenses listed under ASIC (Australia), FCA (UK), and CySEC (Cyprus) are all marked as 'Unverified', indicating that the broker is not currently under the oversight of any major financial regulator. WikiFX assessment gives the broker a low overall score of 1.27 out of 10, reflecting significant regulatory and risk concerns. While Novaprime offers three account tiers—BASIC (starting at $100), SILVER ($5,000–$99,999), and ELITE ($100,000–$10,000,000)—with support for scalping and EA trading, the lack of regulated status and transparent operational details means traders face an elevated level of uncertainty. In summary, Novaprime operates without credible regulatory oversight, and its low WikiFX score underscores the need for extreme caution when considering any engagement with this entity. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-15)
