FXNovus Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-24 17:03

Abstract：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

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.

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.