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Suspicious Clone
Score
1.19 /10
Danger
FXNovus
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index4.53
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The South AfricaFSCA regulation (license number: 50963) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
| 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 Information
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. FXNovus
Pros and Cons
| 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 |
Is FXNovus Legit?
FXNovus is regulated by FSCA with license number 50963, but the current status is 'suspicious clone'.
What Can I Trade on FXNovus?
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 | ❌ |
Account Type
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 | - |
FXNovus Fees
The spread is from 0.9 pips, the commission is 0, and the swap charged. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.
Trading Platform
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 |
Deposit and Withdrawal
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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