Gain 2% -3% per day on your capital? WikiFX warns you of a broker called NOVOPUS

Background

On June 25, a YouTube account called Dejigabby Online Guru released a video promoting investment in the trading platform known as NOVOPUS. The YouTuber claims that investing in NOVOPUS can yield daily profits of 2% to 3% on your capital.

We found out that the account not only promotes NOVOPUS but also shows investors how to make money investing on other platforms. Including Binance.

About NOVOPUS

NOVOPUS, also called NOVOPUS QUANTS TRADING, is a newly launched Quantitative Trading System that claimed to have a very stable profit-making strategy. 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 a trading platform, allowing users to access the markets conveniently from their mobile devices. Get started today to gain 2% -3% per day on your capital.

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. This is a red flag because many Ponzi schemes like to use this kind of trick (invite more people to invest), to gather more money from massive victims.

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.

Regulation

NOVOPUS purports to be regulated by the NFA (National Futures Association). However, upon closer inspection, it has come to light that the official regulatory status of NOVOPUS is listed as “Unauthorized.” This discrepancy raises concerns about the platform's credibility and adherence to regulatory standards. Investors must be wary when engaging with a trading platform that does not possess proper authorization from relevant regulatory bodies.

Gain 2%-3% per day on your capital

The YouTuber's claim of guaranteed daily returns of 2% to 3% on invested capital should raise red flags for potential investors. Such promises of consistently high returns can often be indicative of fraudulent schemes, such as Ponzi or pyramid schemes. It is crucial to understand that the financial markets are inherently volatile and unpredictable, making consistent daily returns of this magnitude highly unlikely. Responsible and reputable investment platforms refrain from making such exaggerated claims and instead, emphasize the need for careful risk management and realistic expectations.

Investors must exercise caution and skepticism when evaluating investment opportunities like NOVOPUS. The lack of regulatory authorization raises doubts about the platform's integrity and transparency. Additionally, the YouTuber's claim of guaranteed daily profits should be viewed with caution, as it may be a tactic employed by fraudulent schemes to entice unsuspecting investors.

Conclusion

Investors must remain vigilant and skeptical of investment opportunities that promise unrealistic returns or lack proper regulatory authorization. In the case of NOVOPUS, the claims made by the YouTuber regarding guaranteed daily profits of 2% to 3% raise concerns and caution should be exercised. It is crucial to prioritize due diligence, consult experts, and rely on credible sources to make informed investment decisions. Remember, responsible investing is based on thorough research, risk assessment, and realistic expectations. If you want more information about certain brokers' reliability, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find your most trusted broker. If you have any problems with this broker, please do not hesitate to contact WikiFX. The global customer service of WikiFX is +234-706 777 7762 on WhatsApp. Or you can call +65-31290538. We are willing and ready to help you out.