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Score

1.55 /10
Danger

Novox

Cyprus

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

--

Influence

C

Add brokers

Comparison

Quantity 137

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.33

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Broker Information

More

Company Name

Novox Capital Limited

Company Abbreviation

Novox

Platform registered country and region

Cyprus

Company website

Facebook

Instagram

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2025-06-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 128 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

137 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw

Request broker to allow make withdrawal to my account.

2022-07-21 11:37
Unable to Withdraw

Unable to withdraw and cooperate with community to scam

Cooperate with community that copying the order and cannot withdraw. The account information is closed and cannot log in. Fraud broker.

2022-02-14 12:17
Unable to Withdraw

Unable to withdraw

Unable to withdraw! Severe slippage. Cancelled the copied orders and forcily liquidate the position. Deceived customers. Denied the compensation. The account information is closed and cannot log in.

2022-02-25 09:45
Unable to Withdraw

Being cheated from a pirated website broker

The person who was deceived was cheated from pirated web bootleg broker In a manner similar to what I was hit There are people who add line to invite you to trade and invest. and then withdrawing money is not claimed to pay taxes, etc. please contact me will collect as many victims as possible. To bring a lawsuit back to these pirated sites ID:Line frame_37

2022-07-06 15:31
Unable to Withdraw

Can't withdraw money

I made a withdrawal order for nearly 2 years but the exchange didn't approve it

2022-04-14 11:00
Unable to Withdraw

I make a withdrawal order in 2021 from US

I made a withdrawal order in 2021 from H, the money k was returned to the exchange to lock my account and delete my account information

2022-07-18 15:05
Others

Account cannot be logged in

The account cannot be logged in. It has not been able to log in for a long time. The customer service said that the re-application will be bound and returned together. The application has not been returned to the old account, and the old account still cannot be logged in.

2022-07-19 19:33
Scam

The merger of Pamm's main account resulted in the unreasonable position held by the copying account, and the position was eventually liquidated

In February, 2022, the customer service manager said that the technical side required all pamm copying accounts to be merged into one main account and required to re-fill the agreement. After re-filling, there were many unreasonable positions in the account, which eventually led to the liquidation of positions. I communicated with other people in the industry that it is illegal to operate and merge funds. I demand Novox to address it.

2022-02-25 10:09
Unable to Withdraw

Can't withdraw money

I have messaged on the website many times about the withdrawal support for 2 years, but no one to handle it

2022-06-08 15:30
Unable to Withdraw

Can't withdraw money

My account has been trading at novox for 2 years now and there is no support to withdraw money, and I ask the exchange to let me withdraw

2022-06-09 22:48
Others

The merger of Pamm's main account resulted in the unreasonable position held by the copying account, and the position was eventually liquidated

On February 22, 2022, the customer service manager said that the technical side required all pamm copying accounts to be merged into one main account and required to re-fill the agreement. After re-filling, there were many unreasonable positions in the account, which eventually led to the liquidation of positions.

2022-02-25 07:28
Unable to Withdraw

Fraud platform with terrible behaviour

On April 18th, I deposited and traded for a month to make an index. I had a good luck and earned a lot of money. I submitted a withdrawal on the grounds of making an order. I deducted all the funds and threatened to have an email to admit that I violated the rules. When the gold was withdrawn, it said that the back-end monitored illegal transactions, then I did not monitor it for a month, but it was monitored when the gold was withdrawn. This is to monitor the profit and loss, and the back-end staff are particularly unprofessional. If you ask, you can't give a professional Before the sex explanation, there was a Skype group connection problem, and I was immediately removed from the group chat. It's a platform run by a group of rogues, especially the woman surnamed Wang is their backstage person

2022-05-18 19:18
Scam

Main PAMM master account scam my money!

they take 1 night to lose all my money up to USD 40k, just one night time after the next days i open the account my account burn!

2022-05-11 19:44
Unable to Withdraw

Can't withdraw money

I have been trading at the exchange for more than 2 years without withdrawing money, I hope someone will contact the exchange to handle it for me.

2022-06-08 20:48
Unable to Withdraw

NOVOX suspends my account and do not withdraw

NOVOX blocked my account and refused to withdraw funds on the grounds of illegal transactions, because my account was profitable, and the profit was not allowed to withdraw funds. It has been two months since September. My account number is 620359, and the balance is 18522.90 USD. I want to unblock the account immediately and withdraw the full amount!

2022-11-27 20:29
Unable to Withdraw

Fraud platform without any bottom line

On April 18th, I deposited and traded of the index and I was lucky enough to earn 2,000 US dollars. When I submitted the withdrawal, I refused to withdraw on the grounds of monitoring the back-end and threatened me to send an email to admit that I violated the rules before giving the principal and also paying Part of the principal has been deducted. If it is said that the background monitoring is used, why is it not monitored for a month, but it is monitored when the money is withdrawn? What is this monitoring to monitor the profit and loss of customers? And it is a b position, so I choose to bet Don't be fooled. The staff in the background are unprofessional and can't give a professional explanation at all, especially the woman surnamed Wang originally had a Skype group chat as a connection to the group and removed me from group chat after the incident.

2022-05-18 19:26
    Sources
    Data Source WikiFX Data provide
    Updated: 2025-06-22
    Novox · Company summary

    Note: NOVOX's official website: https://www.novoxfx.eu/ is currently inaccessible normally.

    NOVOX Review Summary
    Founded2014
    Registered Country/RegionCyprus
    RegulationASIC (Revoked)
    Market InstrumentsForex, commodities, indices, cryptocurrencies, stocks
    Demo Account✅
    LeverageUp to 1:30
    SpreadFrom 2.4 pips (Standard Account)
    Trading PlatformMT4
    Minimum Deposit$200
    Customer SupportTel: +357 25 267 880
    Email: info@novoxfx.com
    Facebook: https://www.facebook.com/NOVOX-Group-352837095367991
    Instagram: https://www.instagram.com/novoxglobal/
    Regional Restrictionsthe USA, Yemen, Syria, North Korea, Puerto Rico

    NOVOX Information

    NOVOX is a regulated broker, offering a wide range of financial instrument categories, including forex, commodities, indices, cryptocurrencies, and stocks with leverage up to 1:30 and spread from 0.0 pips on the MT4 platform. The minimum deposit requirement is $200.

    Pros and Cons

    Pros Cons
    Popular payment optionsRegional restrictions
    Demo accountsRevoked ASIC license
    Various trading productsInaccessible website
    MT4 platformHigh minimum deposit requirement

    Is NOVOX Legit?

    NOVOX's Australia Securities & Investment Commission (ASIC) license is revoked. Please be aware of the risks!

    Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
    AustraliaASICRevokedNOVOX GROUP PTY LTDAppointed Representative001274982
    license

    What Can I Trade on NOVOX?

    Novox offers investor trading instruments including forex, commodities, indices, cryptocurrencies, and stocks.

    Tradable Instruments Supported
    Forex✔
    Stocks✔
    Commodities✔
    Indices ✔
    Cryptocurrencies✔
    ETFs❌
    Bonds❌
    Options❌

    Account Type

    Here are three account options offered by Novox: Standard account, Xero account, andPremium account. Besides, demo accounts are also available, which enables traders to monitor exicution before opening a live account.

    Account TypeMinimum Deposit
    Standard$200
    Xero$25,000
    Premium$50,000

    Leverage

    The leverage offered to the customers is the same for all account types on FX, up to 1:30 and on CFDs up to 1:20.

    Trading AssetMaximum Leverage
    FX1:30
    CFDs1:20

    It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

    NOVOX Fees

    Account TypeSpreadCommission
    StandardFrom 2.4 pips0
    XeroFrom 0.0 pips$5.5
    Premium$4

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for
    MT4✔PC, web, mobileBeginners
    MT5❌/Experienced traders

    Deposit and Withdrawal

    Novox accepts payments via COINPAY, U-PAYMENT, UnionPay, Visa, MasterCard, Skrill, Neteller, POLi, Bitwallet, NLV and bank wire.

    User Reviews

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    User comment

    4

    Comments

    Write a review

    孟鈺晨
    more than one year
    wikifx上面對這個所謂受ASIC監管的交易商的投訴居然已經達到了驚人的136條……這個公司的網站也已經打不開了。真的很可怕，我們在選擇外匯交易商的時候應該謹慎謹慎再謹慎。
    wikifx上面對這個所謂受ASIC監管的交易商的投訴居然已經達到了驚人的136條……這個公司的網站也已經打不開了。真的很可怕，我們在選擇外匯交易商的時候應該謹慎謹慎再謹慎。
    Translate to English
    2022-12-14 10:12
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    周建芳
    more than one year
    La peor platforma que imaginarse pueda!! Se declara registrado en chipre con licencias confiables pero todos estos son mentiras para enganar su dinero. También puede ver en este sitio web que todavía hay muchas víctimas. Nunca invierta en novox.
    La peor platforma que imaginarse pueda!! Se declara registrado en chipre con licencias confiables pero todos estos son mentiras para enganar su dinero. También puede ver en este sitio web que todavía hay muchas víctimas. Nunca invierta en novox.
    Translate to English
    2022-11-28 17:49
    Reply
    0
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