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Novus World
United Kingdom
16 Apr 2020 (5 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Novus World
Company Information
Get to know Novus World
Millions of people recognise the need to change the way we live and the way we spend to restore the planet and society. But the pursuit of making a positive impact can feel challenging, unrewarding and insufficient. Novus is the impact banking app giving people the power to make a positive impact with their money - in an easy, rewarding and meaningful way. We enable and reward a community of users managing their money for good; connecting their collective spending power to a growing ecosystem of people, brands and projects building a better world.
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- Financial Other ServicePRIMARY
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