FXNovus Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.fxnovus.trade/onboarding?Opening=Direct-/zh/homepage&sub_campaign=Direct-/zh/homepage&utm_content=/zh/homepage, the company's legitimate regulatory information South AfricaFSCAFinancial Service Corporate, to enhance the security of the company's address 16 B 7 SINO STEEL PLAZA 159 RIVONIA ROAD MORNINGSIDE EXT 2146.
FXNovus Forex Broker
Basic information
South Africa
1-2 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskCompany profile
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.
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