Novelis Capital, owned and operated by Gnarly Solutions LTD, claims to be registered in Saint Vincent and the Grenadines with registration number 2021/BC26498. So we searched Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) and found a matching result. However, please be informed that SVG FSA does not regulate forex brokers or issue forex licenses. So having the registration does not mean being authorized to provide financial services.
Moreover, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that Novelis Capital is not authorised to provide the investment services in Spain.
The truth is that Novelis Capital is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Novelis Capital, owned and operated by Gnarly Solutions LTD, claims to be registered in Saint Vincent and the Grenadines with registration number 2021/BC26498. So we searched Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) and found a matching result. However, please be informed that SVG FSA does not regulate forex brokers or issue forex licenses. So having the registration does not mean being authorized to provide financial services. Moreover, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that Novelis Capital is not authorised to provide the investment services in Spain.The truth is that Novelis Capital is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.