Novariontrade (new)
Severity: Medium · Kind: Alert
What to do
Do not send money to Novariontrade or any contact details they provide. If you've already sent money, report it to your bank immediately and contact Action Fraud (actionfraud.police.uk). Check the FCA Warning List before dealing with any financial firm.
What it is
The UK Financial Conduct Authority (FCA) has issued a warning about Novariontrade, an unauthorised financial firm operating without FCA permission. The firm claims to be based in Canary Wharf, London, but is not regulated. If you invest money with them and something goes wrong, you won't be protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme, meaning you're unlikely to recover your money.
Who this affects
Anyone in the UK considering investing or trading through Novariontrade, or who has already sent them money. Small-business owners looking for investment or trading services are particularly at risk.
From the source
Unauthorized This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams. Almost all firms and individuals must be authorised or registered by us to carry out or promote financial services in the UK. This firm is not authorised by us and may be targeting people in the UK. Search our Warning List for other unauthorised firms and individuals we're aware of. Unauthorised firm details Name: Novariontrade Address: 1, Canada Square, Canary Wharf, London, UNITED KINGDOM, E14 5AB Telephone: 7027064466 Email: support@novariontrade.icu Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine. What this means for you If you deal with this firm, you won't have access to the Financial Ombudsman Service if you want to complain. You also won't be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it's unlikely you'd get your money back if the firm goes out of business. If you sent money to a fraudster on or after 7 October 2024, you may be covered by protections introduced by the Payment Systems Regulator (PSR). Find out what to do if you've been tricked into making a payment to a scam account. How to protect yourself You should only deal with
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Plain-English summaries are AI-generated and reviewed for tone, not technical accuracy. For incident response, always rely on the original source linked above.