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FXNovus Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $250
- WebTrader
- Mobile Apps
- Desktop
- FSCA
- 2021
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $250
- WebTrader
- Mobile Apps
- Desktop
- FSCA
- 2021
Our Evaluation of FXNovus
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FXNovus is a moderate-risk broker with the TU Overall Score of 5.26 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXNovus clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Brief Look at FXNovus
FXNovus is an online brokerage company of the next generation. FXNovus is regulated by the FSCA of South Africa, License No. 50963 (Registration No. 2020/183344/07). The company offers unparalleled trading opportunities for every customer to plan their way to success and take over the ever-changing world of trading having a webTrader platform, desktop app, and mobile app at their disposal.
FXNovus Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | WebTrader platform, Desktop app, Mobile application |
---|---|
📊 Accounts: | Classic, Silver, Gold, Platinum. VIP |
💰 Account currency: | EUR, USD, CHF, GBP |
💵 Replenishment / Withdrawal: | Credit/Debit Cards, Wire Transfers and APMs |
🚀 Minimum deposit: | 250 USD |
⚖️ Leverage: | 1:400 |
💼 PAMM-accounts: | No |
📈️ Min Order: | No |
💱 Spread: | from 0.3 |
🔧 Instruments: | Forex, Cryptocurrencies, Indices, Commodities, Shares, Metals |
💹 Margin Call / Stop Out: | 100%/20% |
🏛 Liquidity provider: | No |
📱 Mobile trading: | yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | STP |
⭐ Trading features: | No |
🎁 Contests and bonuses: | No |
FXNovus is operated by FXNOVUS (PTY) LTD and duly regulated by the FSCA of South Africa under License No. 50963 (Registration No. 2020/183344/07). The company provides fast order execution, one-click trading, zero commissions, a wide range of financial tools, and complete data protection. With FXNovus, one can trade Forex currency pairs, CFDs on cryptocurrencies, indices, precious metals, stocks, and commodities. There are multiple options available to deposit and withdraw funds whenever it is convenient for a customer. In addition, the support team is available 24/7. FXNovus commits to each trader by maintaining the strict transparency of the trading environment. FXNovus is a trustworthy broker that allows customers to make the most informed trading decisions and offers a solid ground to rely on.
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Comparison of FXNovus with other Brokers
FXNovus | RoboForex | Exness | TeleTrade | FBS | 4XC | |
Trading platform |
Desktop, Mobile Apps, WebTrader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | MT4, MobileTrading, MT5 | MT5, MT4, WebTrader |
Min deposit | $250 | $10 | $10 | $10 | $10 | $50 |
Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0.3 points | From 0 points | From 1 point | From 0.8 points | From 1 point | From 0 points |
Level of margin call / stop out |
100% / 20% | 60% / 40% | No / 60% | 70% / 20% | 40% / 20% | 100% / 50% |
Execution of orders | STP | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | $50 |
Cent accounts | No | Yes | No | No | Yes | No |
User Satisfaction i