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FXNovus Review 2024

5.26/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • $250
Trading platform:
  • WebTrader
  • Mobile Apps
  • Desktop
Regulation:
  • FSCA
Foundation date:
  • 2021
Updated:
5.26/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • $250
Trading platform:
  • WebTrader
  • Mobile Apps
  • Desktop
Regulation:
  • FSCA
Foundation date:
  • 2021
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FXNovus isn't available in United States
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Our Evaluation of FXNovus

5.26/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Traders Union icon

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.

User Satisfaction i

Score:
7.3/10

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sudokoko
30 weeks ago

I am satisfied with FXNovus. I like the smooth operation of the trading terminal and the execution of market orders. The funds are transferred quickly, without any questions at all. So, trading here is excellent. I recommend this broker, as I have tested it myself.

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snookerboy
30 weeks ago

The downside of FXNovus is the restriction on registration for some countries. You need to check if your country is available for registration; it might be restricted. The leverage at FXNovus can go up to 1:400, meaning you can trade with a smaller capital size. The trading terminal works relatively well, but there are occasional issues with slippage.

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Ibrar007
30 weeks ago

Good broker for scalpers - fxnovus. Rare slippages and tight spreads, this is my third time withdrawing profits, not fast but they pay out. I've been here for about 5 months now and the quality of service is up to my expectations. I am starting to believe that you can earn in the forex market.

Guter Broker für Scalper - fxnovus. Seltene Slippages und enge Spreads, ich ziehe bereits zum dritten Mal Gewinne ab, zwar nicht schnell, aber sie zahlen aus. Ich bin jetzt seit etwa 5 Monaten hier, und die Servicequalität entspricht meinen Erwartungen. Ich fange an zu glauben, dass man auf dem Forex-Markt verdienen kann.

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Tayelolu22
30 weeks ago

The FXNovus broker is not well known among traders. At least, no one I know has traded here yet. That's why I don't rush to transfer large sums of money to FXNovus. I'm currently trading with a $400 deposit, 1:300 leverage. Trading seems to be going quite well, it's possible to make profits. I haven't withdrawn any money yet.

Le courtier FXNovus n'est pas très connu des traders. Du moins, personne de mon entourage n'a encore fait de transactions ici. C'est pourquoi je ne me presse pas pour transférer de grosses sommes d'argent vers FXNovus. Je trade actuellement avec un dépôt de 400 dollars, un effet de levier de 1:300. Le trading semble aller assez bien, il est possible de réaliser des bénéfices. Je n'ai pas encore retiré d'argent.

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Bourgeois
30 weeks ago

At this point in time, I find no reason to criticize the broker FXNovus. Profits are always paid out on time, the quotes are fine, there is no interference in trading and there are enough instruments. In short, I am satisfied with the broker, but there is always room for improvement!

Zum gegenwärtigen Zeitpunkt finde ich keinen Grund, den Broker FXNovus zu kritisieren. Die Gewinne werden immer pünktlich ausgezahlt, die Kursnotierungen sind in Ordnung, es gibt keine Einmischung in den Handel, und es gibt genügend Instrumente. Kurz gesagt, ich bin mit dem Broker zufrieden, aber es gibt immer noch Raum für Verbesserungen!

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miriyalkar1
30 weeks ago

I've been trading Forex for several years, but the performance of the platform at FXNovus has surprised me. It works faster and more stably than any other platform I've used before, compared to other companies where I've previously traded. It's clear that FXNovus cares about its customers and has 100% mastery of its role as an intermediary in the currency market.

Je trade sur le Forex depuis plusieurs années, mais la performance de la plateforme chez FXNovus m'a surpris. Elle fonctionne plus rapidement et de manière plus stable que toutes les autres plateformes que j'ai utilisées auparavant par rapport à d'autres entreprises où j'ai précédemment effectué des transactions. Il est évident que FXNovus se soucie de ses clients et maîtrise à 100% son rôle d'intermédiaire sur le marché des devises.

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
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