Basic Information
Registered Region 
South Africa
South Africa Operating Period
2-5 years
Company Name
FXNOVUS (PTY) LTD
Customer Service Email Address
support@fxnovus.com
Contact Number
+441512655514
Company Website
Global Broker Regulation Inquiry App
WikiFX
Unverified
Score
0 1 2 3 4 5 6 7 8 9
. 0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
FXNovus
South Africa | 2-5 years | Suspicious Regulatory License | Suspicious Scope of Business | High potential risk
https://www.fxnovus.com
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Brazil2.64Surpassed 13.30% brokers
Biz Area Search Statistics Advertising Social Media Index
Contact
+44 1512655514
support@fxnovus.com
https://www.fxnovus.com
Nr 1 Casino Road, Foundershill, Office G31 Modderfontein Estate, Johannesburg, 1609 South Africa
Forex License
No forex trading license found. Please be aware of the risks.
Warning: Low score, please stay away!
- This broker lacks valid forex regulation. Please be aware of the risk!
4
Account
Biz Area
Website
Genealogy
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Employees
Company Summary
Disclosure
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Wiki Q&A
Comment
Account
- Environment--
- Currency--
- Maximum Leverage1:400
- SupportedEA
- Minimum Deposit--
- Minimum SpreadEUR/USD 0.9, Gold 1.4, Crude Oil 1.4
- Depositing Method--
- Withdrawal Method--
- Minimum Position0.01
- CommissionZero
- Products160+ CFDs
Updated：
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Website
fxnovus.co
172.66.42.220- 104.26.8.48
- 104.21.51.184
Genealogy
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Employees
Company Summary
| 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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News
Exposure FXNovus Review: Traders Report Fund Scams & Illegitimate Tax Payment Demands on Withdrawals
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!
Wiki Q&A
Rojas
1-2 years
Is FXNovus real or fake?
From my perspective, FXNovus is regulated, but the unverified status raises doubts for me. This unverified regulatory status makes me hesitant to fully trust the FXNovus broker without further confirmation, as I’m not willing to risk my funds with an unverified entity.
Broker Issues
Regulation
2025-08-12
United States
PitBull
1-2 years
What payment methods are accepted by FXNovus?
FXNovus accepts multiple payment methods including credit/debit cards, wire transfers, and APMs. This flexibility is convenient, but I’d still want to confirm with them which payment method provides the fastest withdrawal processing time. It’s essential to check for myself before committing to a specific method when reviewing the FXNovus broker.
Broker Issues
Withdrawal
Deposit
2025-07-12
United States
Wahab
1-2 years
How much are the spreads on FXNovus?
FXNovus spreads start from 0.9 pips, which is quite favorable compared to many other brokers. I find this competitive, especially for traders like me who want to minimize trading costs. A lower spread means more potential profitability for my trades, so it’s a positive feature for FXNovus broker review.
Broker Issues
Fees and Spreads
2025-07-09
United States
RichN
1-2 years
How long do withdrawals take on FXNovus?
FXNovus withdrawal times are 8 to 10 business days, which is quite long in my opinion. If I needed quick access to funds, this could be a dealbreaker. I’d prefer a broker with a faster withdrawal process, especially in urgent situations. This could be a potential downside for the FXNovus broker.
Broker Issues
Withdrawal
Deposit
2025-06-21
United States
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