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Novopus

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Novopus

⚠ Flagged on the register · High risk

We checked Novopus against the AskCheck register. It has been reported (2023) and carries the red flags below. Treat it with extreme caution.

See full entry on SentFunds →
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Why it’s flagged

⚑ Unregulated / unlicensed⚑ False or fabricated claims
Named in relation to NFA (U.S.)

What we found

Novopus claims to be legally offer financial services or products in forex trading by displaying images of certificates issued by Colorado Secretary of State and the the Financial Crimes Enforcement Network (FinCEN). We did find matching data on the former website, but couldn't find this company in the latter's register. The broker may be using a combination of true and false information to deceive unsuspecting investors. Furthermore, Colorado Secretary of State is to provide management and central support services for the Department of State and the FinCEN is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities. Both of them do not regulate forex markets. The authority to issue forex licenses and regulate entities engaging in such activities rests with the National Futures Association (NFA). However, we found Novopus is not an NFA-member and thus not subject to this regulator's oversight. In essence, Novopus is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Assessment source: FastBull BrokersView.

What to do next

  1. Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
  2. Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
  3. Report it to your regulator and to local police / action-fraud line so it’s on the official record.
  4. Add your report here so the next person searching this name is warned — report Novopus.
  5. Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.
Beware recovery scams. After a loss, fraudsters often return posing as “recovery agents” who guarantee your money back for an up-front fee. AskCheck is a free public checker — we don’t recover funds and we don’t guarantee funds can be recovered. Never pay anyone who promises a guaranteed recovery.

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