Score
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk
Influence
Add brokers
Comparison
Quantity 1
Exposure
Score
Regulatory Index0.00
Business Index4.96
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
FXNOVUS (PTY) LTD
Company Abbreviation
FXNovus
Platform registered country and region
South Africa
Company website
Company summary
Pyramid scheme complaint
Expose
| FXNovusReview Summary | |
| Founded | 2021-10-20 |
| Registered Country/Region | South Africa |
| Regulation | Suspicious Clone |
| Market Instruments | Forex/Commodities/Indices/Shares/Cryptocurrencies/Metals/CDFs |
| Demo Account | ❌ |
| Leverage | Up to 1:400 |
| Spread | From 0.9 pips |
| Trading Platform | FXNovus(Mac/Mobile/PC/Desktop) |
| Min Deposit | 250 USD |
| Customer Support | Phone number: +441512655514 |
| Email: support@fxnovus.com | |
| Live chat support | |
| Facebook/Twitter/Instagram/LinkedIn/YouTube | |
FXNovus is a broker that offers access to various tradable instruments including CDFs, forex, commodities, indices, shares, cryptocurrencies, and metals. The broker also provides five accounts with a maximum leverage of 1:400. The minimum spread is 0.9 pips, and the minimum deposit is 250 USD.
| Pros | Cons |
| Leverage up to 1:400 | Suspicious Clone |
| 24/7 customer support | MT4/MT5 unavailable |
| Spread from 0.9 pips | |
| Demo account available | |
| Various tradable instruments | |
| Commission free |
FXNovus is regulated by FSCA with license number 50963, but the current status is 'suspicious clone'.
FXNovus offers various market instruments, including CDFs, forex, commodities, indices, shares, cryptocurrencies, and metals.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| Metals | ✔ |
| CDFs | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
FXNovus has five account types: classic, silver, gold, platinum, and VIP. Traders who want low spreads and low leverage can choose a VIP account.
| Account Type | Classic | Silver | Gold | Platinum | VIP |
| Leverage | Up to 1:400 | Up to 1:400 | Up to 1:400 | Up to 1:400 | Up to 1:400 |
| Min. spread | From 2.5 | From 2.5 | From 1.8 | From 1.4 | From 0.9 |
| Commission | 0 | 0 | 0 | 0 | 0 |
| Minimum deposit | 250 USD | 250 USD | 250 USD | 250 USD | - |
The spread is from 0.9 pips, the commission is 0, and the swap charged. The lower the spread, the faster the liquidity.
The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.
FXNovus provides a propriety trading platform available on Mac, Mobile, PC, and desktop to trade, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.
| Trading Platform | Supported | Available Devices |
| FXNovus | ✔ | Mac/Mobile/PC/Desktop |
The minimum deposit is 250 USD. FXNovus accepts Credit/Debit Cards, Wire Transfers, and APMs for deposit and withdrawal. The withdrawal process takes about 8 to 10 business days.
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2025-03-27 23:39