FXNovus Review 2026

Item: FXNovus
Rating: 4.8
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 07, 2026

Top Brokers Overview — United States

Min. deposit $250
Fees 5 /10
Account types 5.1 /10
Regulation 6.3 /10

4.8 /10

High risk

FXNovus User Reviews 6.4
Commissions and Fees 5.0
Regulation and Safety 6.3
Account Types 5.1
Deposit and Withdrawal 6.3
Markets and Tradable Assets 6.8
Trading Account Opening 7.0
Customer Support 3.0

FXNovus Pros & Cons

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.

TU Expert Verdict

FXNovus carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

Top-5 Brokers Traders Prefer

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OANDA

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Trading.com USA

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FOREX.com

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EUR/USD 0.7 pips

FXNovus User Reviews

Score:

6.4 /10

9 total

5-star

22%
4-star

0%
3-star

67%
2-star

0%
1-star

11%

FXNOVUS ARE VERY FAST TO MANAGE ALL YOUR INCOME, THEY ARE VERY KIND AND HELP YOU IN EVERYTHING UNTIL AND THEN THEY TELL YOU (BORIS MÜLLER) MAYBE IT'S A FALSE NAME, THEY MAKE YOU LEAVE OPERATIONS OPEN AT NIGHT UNTIL THE NEXT DAY YOU FIND YOUR ACCOUNT AT (0) ZERO. THERE GOES THE EAGERNESS TO CALL YOU. THEY WILL NEVER CALL YOU AGAIN.....ALLI NO MORE MAGIC, NO MORE SYMPATHY, THEY DON'T EVEN HAVE THE DIGNITY TO AT LEAST GIVE YOU SOME EXCUSE. AND YOU ARE OUT OF MONEY...................

FXNOVUS SON MUY RAPIDOS PARA GESTIONAR TODO TU INGRESO, SON SUY AMABLES Y TE AYUDAN EN TODO HASTA Y DE UN MOMENTO A OTRO TE DICEN (BORIS MÜLLER) QUIZAS ES UN NOMBRE FALSO, TE HACE DEJAR OPERACIONES ABIERTAS EN LA NOCHE HASTA QUE AL DIA SIGUIENTE ENCUENTRAS TU CUENTA EN (0) CERO. ALLI SE ACABÓ EL AFÁN DE LLAMARTE. NO TE VAN A LLAMAR MAS NUNCA.....ALLI SE ACABÓ LA MAGIA , LA SIMPATÍA POR NI SIQUIERA TIENEN LA DIGNIDAD DE POR LO MENOS DARTE ALGUNA EXCUSA. Y TE QUEDAS SIN DINERO...................

The FXNovus broker is generally normal, personally I'm satisfied. Trading conditions are adequate, the platform works stably, without failures. The most important thing is that the broker really allows you to earn and withdraw profits without delay. For example, I regularly withdraw funds once a month and, so far, there have been no problems. Of course, some points can be improved - for example, adding more training material or widening the choice of assets. But in general, the broker is just right for day-to-day trading.

Le courtier FXNovus est généralement normal, personnellement j'en suis satisfait. Les conditions de trading sont adéquates, la plateforme fonctionne de manière stable, sans défaillance. L'essentiel est que le courtier vous permette vraiment de gagner et de retirer des bénéfices sans délai. Par exemple, je retire régulièrement des fonds une fois par mois et, jusqu'à présent, il n'y a eu aucun problème.
Bien sûr, certains points peuvent être améliorés - par exemple, ajouter plus de matériel de formation ou élargir le choix des actifs. Mais en général, le courtier est tout à fait adapté au trading quotidien.

Trading with fxnovus is a real pleasure. The broker is trustworthy not only because of the presence of regulation, but also because of the stability of its operation. The terminal doesn't freeze, trades are opened and closed on time, which, as you know, greatly reduces stress levels and avoids unnecessary emotional decisions that can easily lead to losses. The only thing missing, in my opinion, is quality reviews. It would be great to see more reviews, market commentary or simply intelligent analytical support on the platform. Everything else works perfectly well, and if you add good analysis, it will be almost perfect for trading.

Trader avec fxnovus est vraiment agréable. Le courtier est digne de confiance non seulement en raison de la présence d'une réglementation, mais aussi en raison de la stabilité de son fonctionnement. Le terminal ne se bloque pas, les transactions sont ouvertes et fermées à temps, ce qui, comme vous le savez, réduit considérablement le niveau de stress et permet d'éviter les décisions émotionnelles inutiles qui peuvent facilement conduire à des pertes.
La seule chose qui manque, à mon avis, ce sont des analyses de qualité. Il serait formidable de voir plus de revues, de commentaires sur le marché ou simplement un support analytique intelligent sur la plateforme. Tout le reste fonctionne parfaitement bien, et si vous y ajoutez une bonne analyse, elle sera presque parfaite pour le trading.

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Commissions and Fees

Score:

5 /10

The trading and non-trading commissions of FXNovus have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

No deposit fee
No withdrawal fee

Above-average Forex trading fees
No ECN/Raw Spread account

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of FXNovus with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, FXNovus’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

FXNovus Standard spreads
	FXNovus	ZForex	OANDA
EUR/USD min, pips	0.3	0.1	0.1
EUR/USD max, pips	1.5	0.4	0.5
GPB/USD min, pips	0.5	0.2	0.1
GPB/USD max, pips	1.7	0.6	0.5

Does FXNovus support RAW/ECN accounts?

As we discovered, FXNovus does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with FXNovus. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

FXNovus Non-Trading Fees
	FXNovus	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0-30	0-15
Inactivity fee ($, per month)	30-180	0

Is FXNovus Safe?

Score:

6.3 /10

FXNovus has a safety score of 6.3/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Is regulated
Negative balance protection

Not tier-1 regulated
Track record of less than 8 years

FXNovus Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
FSCA SA	Full Name Financial Sector Conduct Authority of South Africa	Country of regulation South Africa	Investor Protection Fund No specific fund	Regulation Level Tier-2

FXNovus Security Factors
Foundation date	2021
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

5.1 /10

FXNovus offers the following account options: Demo, Standard, Cent, Micro, Swap Free, VIP.

However, FXNovus does not provide an ECN account with direct market access, which may be a drawback for experienced traders or scalpers seeking the lowest spreads.

Cent account for beginners
Forex account with Micro lots
Low minimum deposit

No ECN/Raw spread account

FXNovus account types vs top competitors
	FXNovus	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	No	Yes	No
Demo	Yes	Yes	Yes
Cent	Yes	No	No
Micro	Yes	No	No
Swap Free	Yes	Yes	Yes
VIP	Yes	No	No
Managed	No	No	No

FXNovus accounts trading conditions

FXNovus offers accounts with leverage up to 1:400, which support STP (Straight Through Processing) trading. The base currencies are USD, EUR, GBP, and CHF. The accounts vary in terms of spreads and minimum deposit requirements. Cent accounts are not available.

Account types:

Account Type	Description
Classic	Spreads start at 2.5 pips for Forex on the EUR/USD pair. The minimum deposit is $250. This is the only account type where swap discounts are not available.
Silver	Accounts with spreads starting from 2.5 pips. The initial deposit must be no less than $10,000.
Gold	The minimum spread for EUR/USD is 1.8 pips. The deposit amount starts from $50,000.
Platinum	Accounts with spreads starting from 1.4 pips. After opening the account, it must be funded with at least $100,000.
VIP	Accounts with the lowest spreads, with a minimum value of 0.9 pips. The initial deposit amount is $250,000.

The broker offers a demo account for risk-free virtual trading. The trader does not need to deposit money as trades are executed using a notional USD balance.

Deposit and Withdrawal

Score:

6.3 /10

FXNovus received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

FXNovus provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Bank card deposits and withdrawals
Bitcoin (BTC) accepted
No withdrawal fee
Bank wire transfers available

Only major base currencies available
Limited deposit and withdrawal flexibility, leading to higher costs
USDT payments not accepted

What are FXNovus deposit and withdrawal options?

FXNovus provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, BTC.

FXNovus Deposit and Withdrawal Methods vs Competitors
	FXNovus	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	Yes	No	Yes
Wise	No	No	No
BTC	Yes	Yes	No

What are FXNovus base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FXNovus supports the following base account currencies: USD, EUR, GBP, CHF.

What are FXNovus's minimum deposit and withdrawal amounts?

The minimum deposit on FXNovus is $250, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXNovus’s support team.

Markets and Tradable Assets

Score:

6.8 /10

FXNovus offers a limited selection of trading assets compared to the market average. The platform supports 225 assets in total, including 45 Forex pairs.

Indices trading
Crypto trading
Copy trading platform

Bonds not available
No ETFs

Supported markets vs top competitors

We have compared the range of assets and markets supported by FXNovus with its competitors, making it easier for you to find the perfect fit.

	FXNovus	ZForex	Plus500
Currency pairs	45	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	225	80	2800
Stocks	Yes	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products FXNovus offers for beginner traders and investors who prefer not to engage in active trading.

	FXNovus	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

7 /10

We successfully registered an account with FXNovus in 20 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FXNovus is $250.

Overall, the account setup process is efficient and suitable for most traders.

Quick KYC verification (1 business day or less)
Fully online account opening process
Low minimum deposit requirement

Registration process may take longer than expected

FXNovus account opening
	FXNovus	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$250	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	20	8	5
KYC time (days)	1	1	3

Is FXNovus available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Customer Support

Score:

3 /10

The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

Contacts
Foundation date	2021
Registration address	Unit 16B7, Sinosteel Plaza, 159 Rivonia Road, Morningside Ext 39, Sandton, 2146, Gauteng
Regulation	FSCA Licence number: 50963
Official site	https://www.fxnovus.com/
Contacts	support@fxnovus.com +27101571900

Best FXNovus Alternatives

zForex

8.1 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How safe is FXNovus in terms of regulation and client protection?

FXNovus has a safety score of 6.3/10, which corresponds to a Medium security level in this review. It is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, a Tier-2 regulator, and offers negative balance protection and KYC verification, but it is not Tier-1 regulated and has a relatively short track record since its foundation in 2021.

What account types and trading conditions are available with FXNovus?

According to this section, FXNovus offers Demo, Standard, Micro, Swap Free (Islamic), and VIP accounts, but does not provide an ECN or Raw spread account. Trading conditions include STP execution, leverage up to 1:400, base currencies in USD, EUR, GBP, and CHF, and tiered accounts (Classic to VIP) with minimum deposits ranging from $250 to $250,000 and spreads on EUR/USD starting from 2.5 pips down to 0.9 pips, while Cent accounts are stated as not available here.

What do FXNovus user reviews and feedback indicate about the broker?

FXNovus has a user satisfaction score of 6.4/10 based on 9 reviews, with a rating distribution of 22% 5-star, 67% 3-star, and 11% 1-star. According to user reviews, the overall impression is mixed rather than strongly positive or negative.

What deposit and withdrawal options and conditions are mentioned in FXNovus reviews?

FXNovus has a Medium score of 6.25/10 for its deposit and withdrawal processes and offers bank cards, bank wire, PayPal, and BTC, with no deposit fees and a minimum deposit below the industry average. The minimum deposit is $250 and the minimum withdrawal is $10, though the section notes that specific conditions may vary by account type and payment method and some options like USDT, Wise, and BTC as a base currency are not supported.

What markets and tradable assets does FXNovus offer according to user comments and reviews?

FXNovus provides access to 225 total assets, including 45 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but does not offer options, bonds, or ETFs. Based on available user reviews and the section’s assessment, the range of instruments is described as limited compared to the market average, although copy trading is supported while PAMM and managed accounts are not.