With the dynamic nature of financial markets, where profits and losses occur daily, an increasing number of people are captivated by the allure of trading as a means to achieve their goals. However, amidst this landscape of opportunity, there are individuals who seek to exploit others through scams and misinformation, casting a shadow on the path to success.

It is essential for aspiring traders to navigate through the noise and find reliable brokers who prioritize transparency and fair practices. By shedding light on such brokers through our trusted reviews, we aim to provide an objective evaluation of their credibility. 

Let’s delve into our review of FXNovus and uncover the truth.✅

FXNovus Broker Homepage

Image Source: FXNovus Homepage

FXNovus Overview

Variety of Available CFD Products
Advanced Trading Tools
Demo Account
Mobile Trading
Limited Educational Resources ❌
No instant Withdrawals ❌

Is FXNovus reliable and trustworthy?

So, is FXNovus trustworthy? FXNovus (https://www.fxnovus.com/) is operated by FXNOVUS (PTY) LTD, an authorized and regulated investment firm in South Africa. They are under the supervision of the Financial Sector Conduct Authority (FSCA) and hold the FSP License Number 50963. This means they follow the rules, protecting investors and treating them fairly. They also keep client funds separate for added safety.🚨

Regulation is crucial in ensuring fair treatment for traders, and the FSCA (Financial Sector Conduct Authority) is one of the most respected regulators worldwide.

➡️ Another important feature to look for in a broker is the transparency they have regarding their regulations and licenses. For more information on the FXNovus regulations, you can visit their legal page on their website.

FXNovus Legal page license and regulation

Image Source: FXNovus Legal Page

You might be wondering, what else should we know about FXNovus? Well, pay attention! If a broker doesn’t provide their contact information, it’s a red flag. But with FXNovus, we had no trouble finding their contact details on their website. They make it easy for you to get in touch with them. That’s a good sign!

The FXNovus Customer Support team is available 24/7 and offers multilingual support, via phone or email. Find out more on their contact page.

FXNovus Customer Support Page

Image Source: FXNovus Contact Page

🚨 Is FXNovus involved in fraudulent activities? No, we do not believe so, as everything appears to be in order. 

⚠️ Overall, FXNovus has a decent rating, with the majority of comments being positive. While there may be some negative feedback, there is no documented evidence of any fraudulent activities. Some general comments may stem from individuals who haven’t engaged in proper trades. From the evidence gathered, the verdict appears to be that FXNovus is not a scam.⚠️

Key Points from FXNovus

Demo account: 
Mobile Trading
Minimum position size0.01, lot
Available CFD assets:160+ CFDs
FOREX, Indices, Commodities, Shares, Cryptocurrency Futures
PlatformsWebTrader Platform
Pip spread on majorsVariable
Trading Tools
Spread TypeVariable

FXNovus WebTrader Platform

The versatile FXNovus WebTrader Platform is an ideal platform for beginners and more experienced traders. Traders can take advantage of tools and resources for technical analysis and its user-friendly interface enables traders to navigate the global markets with ease.

FXNovus Deposit Methods

When it comes to payment methods, FXNovus offers a range of options to cater to different preferences. Traders can conveniently deposit funds using credit/debit cards, wire transfers, or alternative payment methods (APMs). This flexibility ensures that users have convenient and secure ways to fund their trading accounts. Additionally, FXNovus supports deposits in multiple currencies, including EUR and USD, allowing traders to choose the currency that best suits their needs. This variety of payment options and currency choices adds convenience and accessibility to the trading experience with FXNovus.


Image Source: FXNovus FAQ

Trading Accounts


FXNovus stands out by offering a diverse range of account types. They present four tiers of accounts, which we find to be a valuable feature, as each tier provides additional advantages. The available account tiers include Classic, Silver, Gold, and VIP.

Final Thoughts: Is FXNovus a Scam or a Legit Trading Company?

To summarize, considering the comprehensive information we have collected, FXNovus emerges as a reliable broker. They hold authorization and regulation from the FSCA, demonstrating their commitment to adhering to industry standards. By implementing measures to combat money laundering and safeguarding client funds in separate accounts, FXNovus instils confidence in its services. Taking these factors into consideration, we are confident in recommending FXNovus as a powerful choice for traders seeking a trustworthy broker.✅

One thought on “FXNovus: Scam or Legit Broker?”
  1. I have been a trader for over a decade now and FXNovus exceeded my expectations. A great platform, very easy to use, the fastest Customer Support and an amazing collection of courses and eBooks. Is FXNovus reliable? Yes FXNovus is reliable. Trustworthy? I highly recommend FXNovus

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