FXNovus Forex Broker keeps up-to-date with the latest trading account information, including VIP, Platinum, Gold, Classic, Silver maximum leverage of 1:400, trading varieties, and more
Rating Index
Pros
Broad range of trading instruments with over 160 CFD assets, including forex and cryptocurrencies.
User-friendly proprietary webtrader platform with advanced analytical tools and features.
Regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, ensuring a level of safety and reliability.
Cons
Limited platform options, as it only offers the webtrader platform without access to popular alternatives like MT4 or MT5.
Geographic restrictions prevent service availability in certain regions, including the USA.
Withdrawal fees may apply for certain methods, which can be a drawback for some traders.
FXNovus broker Accounts
VIP
Environment
--
Currency
--
Maximum Leverage
1:400
SupportedEA
Minimum Deposit
--
Minimum Spread
EUR/USD 0.9, Gold 1.4, Crude Oil 1.4
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
Zero
Products
160+ CFDs
Platinum
Environment
--
Currency
--
Maximum Leverage
1:400
SupportedEA
Minimum Deposit
--
Minimum Spread
EUR/USD 1.4, Gold 2, Crude Oil 2
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
Zero
Products
160+ CFDs
Gold
Environment
--
Currency
--
Maximum Leverage
1:400
SupportedEA
Minimum Deposit
--
Minimum Spread
EUR/USD 1.8, Gold 2.3, Crude Oil 2.3
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
Zero
Products
160+ CFDs
Classic
Environment
--
Currency
--
Maximum Leverage
1:400
SupportedEA
Minimum Deposit
--
Minimum Spread
EUR/USD 2.5, Gold 2.8, Crude Oil 2.8
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
Zero
Products
160+ CFDs
Silver
Environment
--
Currency
--
Maximum Leverage
1:400
SupportedEA
Minimum Deposit
--
Minimum Spread
Starting From 2.5
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
Zero
Products
160+ CFDs
FXNovus Account Type
FXNovus offers five distinct account types tailored to meet the needs of various traders:
- Classic Account:
- Minimum Deposit: $250
- Max FX Leverage: Up to 1:400
- Min. Spread: Starting from 2.5 pips
- Commission: Zero commission
- Assets: 160+ CFDs on various assets
- Support: 24/7 support
- Margin Call/Stop-Out: 100% / 20%
- Silver Account:
- Minimum Deposit: $250
- Max FX Leverage: Up to 1:400
- Min. Spread: Starting from 2.5 pips
- Commission: Zero commission
- Assets: 160+ CFDs on various assets
- Support: 24/7 support
- Margin Call/Stop-Out: 100% / 20%
- Gold Account:
- Minimum Deposit: $250
- Max FX Leverage: Up to 1:400
- Min. Spread: Starting from 1.8 pips
- Commission: Zero commission
- Assets: 160+ CFDs on various assets
- Support: 24/7 support
- Margin Call/Stop-Out: 100% / 20%
- Platinum Account:
- Minimum Deposit: $250
- Max FX Leverage: Up to 1:400
- Min. Spread: Starting from 1.4 pips
- Commission: Zero commission
- Assets: 160+ CFDs on various assets
- Support: 24/7 support
- Margin Call/Stop-Out: 100% / 20%
- VIP Account:
- Minimum Deposit: $250
- Max FX Leverage: Up to 1:400
- Min. Spread: Starting from 0.9 pips
- Commission: Zero commission
- Assets: 160+ CFDs on various assets
- Support: 24/7 support
- Margin Call/Stop-Out: 100% / 20%
- Additional Features: Negative balance protection and free trading education.
- Online Registration:
- Visit the FXNovus website and locate the sign-up section.
- Complete the registration form with your basic information, including name, contact details, and initial financial information.
- Document Submission:
- Gather necessary documents, including a scanned copy of your passport or national ID for identity verification and a recent utility bill or bank statement for proof of residence.
- Compliance Checks:
- Respond to compliance questions regarding your trading experience and understanding of trading risks.
- Account Verification:
- FXNovus will review your submitted documents and verify your account. This process may take several days.
- Account Activation:
- Once verified, you can activate your account and start trading. FXNovus also offers a demo account for practice before moving to live trading.
FXNovus Broker Account Opening Process
Opening an account with FXNovus is a straightforward process that consists of the following steps:
These steps ensure a secure and compliant trading environment for all users.
Sources:
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