FXNovus

( 1.71 )
17 reviews
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Key Highlights Critical Insights
Pros|Cons Details FAQ Reviews Broker Profile
Pros
FSCA license.
The website supports 11 languages.
Cons
No regulation by reputable financial commissions.
No evidence of connection with Cyprus-based Peaksight Ltd.
The business model contains a conflict of interest.
Leverage of 1:400 increases the risk of losses to 100%.
Cryptocurrency payments are almost impossible to refund.

Company Background

The firm that manages the site does not disclose anything about its history, not even the date of its creation. Judging by the FSCA license number 2020/183344/07 issued to this company in South Africa, it was launched no later than 2020. It should be noted that this brokerage organization emphasizes its affiliation with Peaksight Ltd, a Cyprus-registered company that holds a CySEC license. However, there is no evidence of such a connection. Therefore, we decided to examine the legitimacy and trading capabilities of this broker in our FXNovus review.

Overview of Services and Trading Terms

FXNovus offers clients the opportunity to “immerse themselves in a complex and exciting trading environment” on its Webtrader platform. Wherever you are, you will have access to thousands of trades and can trade more than 160 CFDs in real time. To do this, FXNovus provides 5 types of accounts.

The broker encourages users to deposit more funds by promising better trading conditions on higher deposit rates.

You can start with as little as $250 and choose from over 180 stocks, 45 currency pairs, and more. Meanwhile, some trading parameters are the same for all trading plans: 100% margin call, 1:400 leverage, minimum trading volume of 0.01 lot, and 20% stop-out level. In addition, FXNovus claims spreads of 1.8-2.5 pips and no commissions on trades.

The broker does not disclose the liquidity providers to which it forwards client orders. This creates a potential conflict of interest.

FXNovus’ additional services include negative balance protection, a demo account on the mobile trading app, training, and support via online chat. Finally, the broker has accounts on social media, including Instagram, YouTube, Twitter, and others, but with an insignificant number of followers.

Referral and Bonus Schemes

FXNovus offers clients the opportunity to join its affiliate program and enjoy significant benefits. According to the site’s information, participants receive marketing resources specifically designed for the company’s partners. Meanwhile, details of the reward system have not been disclosed.

As for bonuses, the broker states that they can be found on the “Limited Time Promotions” page of the website, and their terms and conditions are subject to change. In addition, clients must comply with certain rules applicable to these bonuses, otherwise the rewards will be canceled.

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FAQ

Is there any income guarantee when trading with fxnovus.com?

The broker does not promise any fixed profits for clients when trading on the website. Moreover, it warns of a high probability of losing even your capital.

What sum is necessary to begin dealing with FXNovus?

You can start trading at the lowest tariff level with a deposit of $250. Accordingly, this is not our recommendation, but the broker's conditions.

What deposit and withdrawal methods are available?

You can deposit/withdraw funds using bank transfers or cards, as well as through APM. Please note that payments in cryptocurrency are not subject to chargebacks.

Is fxnovus.com a legitimate website?

Yes, this broker is regulated by the FSCA and is legitimate. However, the South African regulator's license does not extend to international operations.

Is it like roulette with no guarantee of earning money?

You risk losing all your investments when trading on this platform, as the broker operates on a dealing center model. This means that the company makes a profit when clients make losing trades.
John Hartman - lead author on Scamroulette.com
John Hartman

FXNovus is indeed officially registered in South Africa, and I cannot call it a scam as that would be incorrect. I will only note that it may have deliberately chosen the B-book business model to be able to trade against its clients, and that the firm has all the capabilities to do so. In any case, I would not be surprised if this platform closes and disappears along with investors’ money.

Overall Score

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1.71/5
OVERALL

Based on 17 votes

17 reviews about FXNovus

  • Anna Bates
    1 review
    25.08.2025 00:24
    What kind of farce is this?

    The broker keeps changing the rules of the game! At first, the company promised only low spreads, and then they started canceling every trade, like scammers. Where do these numbers come from? Because of their incomprehensible commissions, they have already stolen more than $530 from me!

  • Heather Burton
    1 review
    21.08.2025 20:57
    Only positive words

    I have no problems with trading. The terminal works fine, withdrawals are processed quickly, I withdraw funds using Bitcoin, everything is on the blockchain, no weirdness or manipulation. By the way, I only use the fxnovus.com platform to open trades, and I do my price analysis elsewhere. I can only say positive things about FXNovus

  • Sue Greene
    1 review
    21.08.2025 12:42
    I can't boast about my profits

    I can’t say anything positive about working with this broker. So far, the results are pretty poor, and my profits aren’t being withdrawn.

  • Antony Lindsey
    1 review
    17.08.2025 10:46
    Customer support seems to be deliberately ignoring me

    I tried to withdraw my money, but my request was denied. No explanation from the FXNovus manager, just “contact me later.” I am furious! Why take people’s money if you don’t want to work honestly?

  • Mr. Phillips
    1 review
    08.08.2025 11:16
    I like working with this company

    This is a great example of a customer-oriented broker. They do not interfere with their clients’ trading and do everything to make it convenient for traders. FXNOVUS withdraws funds as quickly as possible, usually on the same day you submit your request. Sometimes, if you submit your request in the evening, the transfer may be made the next day. But overall, I have never had any problems with withdrawals at fxnovus.com

  • A. Shaw
    1 review
    08.08.2025 11:06
    High spreads

    No matter how attractive the promises of this broker may be, with a EUR/USD spread of 5 pips, FXNovus would be the second-to-last option I would consider (the last option being DD scams).

  • Marvin Stevens
    1 review
    08.08.2025 04:23
    THESE ARE SCAMMERS!!!!

    The company cheated me out of €7,000. On top of that, they are not answering my calls now. There is no feedback via chat either. These crooks use various tricks to lure you into depositing money on this platform. Never use their margin liquidity credit, it’s a scam to cheat suckers like me.

  • J. Lopez
    1 review
    04.08.2025 04:12
    I am very disappointed with this broker

    I have been waiting for a month for my withdrawal request for $1,200 to be processed. I hope that when I receive my money, I will switch to another professional broker. Do not deal with FXNOVUS… this broker does not have enough money to pay its clients…

  • Gary
    1 review
    04.08.2025 00:31
    I am satisfied with my cooperation with the broker

    I have been trading on this platform for several months now and am very pleased with my experience with this broker. The platform works perfectly, without any freezes or glitches. This is very important, especially in times of high volatility. You can use any strategy, from short-term to long-term. I have never had any problems with order execution, and the FXNOVUS team does not interfere with how I want to trade. I have tried different strategies, and everything works without a hitch. Orders are executed instantly, which gives me complete confidence that I am in control of the situation. The broker allows me to safely test new ideas and approaches on a demo account without any unnecessary problems. Trading on this platform is simple and convenient. I can focus on trading without being distracted by technical issues. So, if you need a reliable platform for calm and effective trading, this company is an excellent choice.

  • Daugherty
    1 review
    29.07.2025 07:34
    Is it worth staying here?

    At first, for some reason, I believed in the reliability of Fxnovus. However, I am reading more and more negative reviews. Now I am sitting here wondering: should I withdraw my money or not?

  • Mr. Santiago
    1 review
    26.07.2025 07:19
    Do not visit this site!

    These scammers promised a 30% bonus, and at first they even credited it to me, BUT! When it came to withdrawing funds, a bunch of new requirements started popping up! First, Fxnovus employees said that I wasn’t trading enough, then they said that the bonus hadn’t been worked off, and I was forced to continue trading for another two months! This is a trap, not a bonus. It’s a complete scam! I just wasted my time and nerves on fxnovus com.

  • M. Young
    1 review
    24.07.2025 07:51
    I can't withdraw $780

    I’ve been trading for six months, but it’s time to close my account and withdraw my money. I submitted a request to close my account but it all went wrong… FXNOVUS support keeps saying, “Your request is being reviewed.” All in all, it’s very frustrating… How much longer do I have to wait?..

  • Michael Adams
    1 review
    14.07.2025 22:10
    This is a fake forex company

    Do not open an account with this broker. I lost $1,600 without trading, just by transferring cryptocurrency funds to the account. Can anyone help me get my money back? Regulators, please shut down this company in accordance with forex laws.

  • Debbie H.
    1 review
    14.07.2025 15:29
    I encountered complete falsification of trading results

    My successful trades somehow disappeared from the history, and instead, a bunch of failures appeared that I didn’t even suspect. About $2,300 evaporated. I tried to call customer support at fxnovus.com, but there was no answer. This is a nightmare. How are they still in business?

  • Leo Tran
    1 review
    10.07.2025 03:25
    These are scammers and thieves!

    I invested $2,800, and as a result, the spreads kept decreasing, which made my trades unprofitable. FXNOVUS has no stability whatsoever, it’s complete crap. The platform is always glitchy and slow, especially when the market is active. It’s just impossible! Customer support is like talking to robots, you won’t get any answers at fxnovus.com. Never get involved with these scammers.

  • Paul L.
    1 review
    27.06.2025 14:16
    Imposed advice from analysts

    After opening an account here, I started receiving constant calls from their “analysts.” At first, it seemed like just advice, but then they started aggressively selling ideas that only led to losses. As a result, I lost more than 60% of my deposit in a month. It seems that these analysts simply receive a percentage of my losses.

  • Palmer
    1 review
    27.06.2025 04:14
    You can make transfers in bitcoins

    It’s convenient that the broker accepts payments in bitcoins. I currently store bitcoins and trade on fxnovus.com at the same time. I chose this broker, of course, not only because it accepts bitcoins, but also because it is an absolutely reliable company operating under financial supervision, headquartered in South Africa and with a good reputation. Overall, security is the most important thing for me. There are no security issues here; Fxnovus actively adheres to all rules, regulations, and methods to protect users not only from theft of money but also from leakage of personal data.

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Broker Profile

License
Offshore
Leverage
1:400
Demo account
Yes
Order Execution Model
DD
Minimum deposit
$250
Licensing Authorities
Questionable Regulator
Investor Protection
No
Transparency
Many Undisclosed Conditions
Reputation
Bad
Auditing
Not Conducted

Why you can trust reviews about FXNovus

  • Our report includes a comprehensive look at the company and information on its background.
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