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Score
South Africa
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
Add brokers
Comparison
Quantity 1
Exposure
Score
Regulatory Index0.00
Business Index5.70
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
Danger
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Company Name
FXNOVUS (PTY) LTD
Company Abbreviation
FXNovus
Platform registered country and region
South Africa
Company website
X
YouTube
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.
FXNovus shows suspicious regulation and user complaints about fees and withdrawals. Read the exposure and protect your funds now.
WikiFX
Did your forex trading experience with FXNovus become bad after a short profitable spell on small trades? Did you make tax payments on your failed withdrawal request, as the funds did not arrive? Did the customer support team fail to return your hard-earned profits on the FXNovus trading platform? Feel that the South Africa-based forex broker debited illegitimate fees from your trading account? You are not alone! Many traders have voiced these trading concerns while sharing the FXNovus review. In this article, we have highlighted these concerns in greater detail. Read on!
WikiFX
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