Trade smarter with Novumarket

Go long or short. When you trade Forex you can make a profit whether markets are going up or down.

Trade 24 hours a day. Forex market hours are open 24 hours a day which gives you the flexibility to trade around the clock.

High liquidity. Forex markets are the most liquid markets in the world. This means that that is a large number of buyers and sellers that are looking to place a trade at any given time. This high liquidity means that Forex transactions can be completed swiftly and easily.

High Volatility. Volatility in Forex Markets: Since there is a high volume of currency trades each day the price movements of some currencies can be very volatile. While this volatility can be advantageous since you can trade price movements in any direction it’s also important to employ risk management tools to protect yourself against losses.

Trade on leverage. Novumarket gives you the opportunity to trade Forex with CFDs. When trading CFDs, investors are able to profit from both rising and falling markets. This is due to the ability to both buy (go long) and sell (go short) when trading contracts for difference, providing traders with additional ways to earn a profit when compared with traditional methods of investment.

Extensive choice of currency pairs. A wide range of currency pairs: Forex trading gives you the opportunity to trade global currencies and react to current market events.

Novumarket provides Islamic trading accounts that enable clients of the Muslim faith to trade global financial markets without compromising Sharia laws. These accounts are administered in accordance with the provisions and principles of Islamic Sharia laws in all matters relating to banking, for example, no interest or usury. Islamic trading account holders enjoy all the benefits available in all other accounts, including a personal account manager who speaks the language of their choice, offers comprehensive support, as well as providing daily recommendations, market analysis and personal training. 

For Live accounts we need at least two documents to accept you as an individual client:

Proof of Identification – current (not expired) coloured scanned copy of your passport. If no valid passport is available, please upload a similar identification document bearing your photo such as National ID card or Driving license.

Proof of Address – a Bank Statement or Utility Bill. Please ensure however, that documents provided are not older than 6 months and that your name and physical address is clearly displayed.

Important Note: The name on the Proof of Identification document must match the name on the Proof of the Address document.

You can conveniently upload your documents directly from your Client Portal.

Your documents will be checked by the compliance department within 48 hours. Kindly note, any deposits will be credited to your account only after your documents have been approved and your Client Portal is fully activated.

A 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur – day or night. The market is open 24/5.

& crypto market is open 24/7

The most common risk management tools in Forex trading are the limit orders and the stop loss orders. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order sets a particular position to be automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor’s position.