The Novia Global Europe Platform operates across multiple currencies, providing professional advisers with flexibility when supporting client investment structures. The platform enables advisers to:
The platform supports reporting and investment activity in US Dollars (USD), Sterling (GBP), Euros (EUR), Swiss Francs (CHF), Australian Dollars (AUD), and Hong Kong Dollars (HKD).
Each currency holding within a Novia Global Europe Account includes a corresponding cash facility. This cash facility is used for liquidity purposes, including investing and withdrawing. Money from sales and dividends from within the specific currency holding will be paid into its cash facility and the relevant fees and charges will be paid from it. A minimum cash balance of 2% of the value of each currency holding is maintained to support these operational requirements.
Client money and assets are administered in accordance with applicable CySEC client asset and client money regulatory requirements.
The interest rates currently applicable to cash balances held in the supported currencies are set out below.
| Currency | Interest Rate |
| GBP | 0.00% |
| EUR | 0.00% |
| HKD | 0.00% |
| USD | 0.00% |
| AUD | 0.00% |
| CHF | 0.00% |
Interest Rate Policy
Novia Global Europe was set up to offer online wealth administration to European advisers and their clients. The platform allows professional advisers to trade into and out of assets on your behalf through an online system.
The system has a cash facility to enable you to hold sufficient monies to cover your forthcoming need to pay fees (we require 2% of your overall investments to be held in cash for these purposes).
Consequently, these facilities are not designed to be interest-bearing accounts where you can seek interest-bearing returns and therefore, Novia Global Europe retains all interest on monies held in the cash facility.
In the event there are negative interest rates we will follow those provided by our main trading bank HSBC Bank plc Ireland, who may apply a margin. We will also apply our own margin of 40bps to any negative rates to cover our own costs for holding cash.
We also apply the 40bps margin on positive rates lower than 0.4% - where applicable, this has been accounted for in the above table.
If interest rates are positive, Novia Global Europe will normally receive a margin. Currently, across all currencies, we are receiving a blended rate of interest of 3.30% as at 31/12/2025. This rate changes regularly with movements in interest rates and this policy will be updated each quarter to confirm the blended rate at the time.
We issue regular reminders to your adviser about the long-term nature of our proposition and the need to invest in assets over the long-term depending on your objectives and attitudes.
You and your adviser have access to money market funds in which to invest. However, if your long-term objectives and attitudes are not being met by our proposition and you are looking for a deposit facility, then you might want to consider moving away.
If we have a particular situation where you are holding cash due to special vulnerable circumstances and we are making margin, then if there is justifiable reason for you staying with us in cash for a prolonged period, we will consider waiving some or all your platform fees. Such cases should be referred to our Client Services team.
