After Careful Investigation: The Domain Name Of FXNovus Was Registered On October 20, 2021, And There Is No Effective Supervision. When Customers Choose To Trade On Such Platforms, They Should Consider And Pay Attention To Risks.

According To The Company's Official Website:

FXNovus Claims To Be Regulated By The FSCA South African Financial Sector Conduct Authority, But According To Verification, The Regulatory License Is Forged.

They Are A Brokerage Company Registered In South Africa, Providing Their Clients With Financial Instruments Such As Foreign Exchange, Commodities, Indices, Stocks, Cryptocurrencies And Precious Metals.

FXNovus Offers Several Advantages, Including Tiered Accounts That Adapt To Different Trading Needs, Providing Flexibility For Traders Of Different Experience Levels. Clients Benefit From No Deposit Handling Fees, Making It Easier To Start Trading Without Incurring Additional Fees. Prioritizing Security, The Platform Implements Multiple Measures, Such As Liability Protection, Margin Calls, Etc., To Protect Clients' Funds And Personal Information. In Addition, The Advantage Of No Commissions Ensures Transparency In The Pricing Of Transactions.

However, There Are Also Some Notable Disadvantages. Clients Should Be Aware Of The Fees Charged By Brokers, Including Inactivity, Withdrawal And Maintenance Fees, Which May Affect The Profitability Of The Account. Additionally, FXNovus Services Are Not Available In Certain Regions Such As The European Union And South Africa, Limiting The Accessibility Of Some Traders.

Advantages, Disadvantages

Tiered Accounts & Unregulated

No Deposit Fees Inactive/withdrawal/maintenance Fees Are Charged

Multiple Security Measures Are Not Available In Some Regions

No Commissions No MT4/5 Trading Platform

Service

Forex Currency Pairs: With FXNovus, Traders Can Access Over 45 Forex Currency Pairs, Including Major Currency Pairs Such As EUR/USD, GBP/USD. USD And USD/JPY, As Well As Minor And Exotic Currency Pairs. These Currency Pairs Allow Traders To Speculate On The Relative Strength And Exchange Rates Of Different Currencies, Facilitating Global Trading Opportunities.

Cryptocurrency Contracts For Difference (CFDs): Embrace The Future Of Finance With Cryptocurrency Contracts For Difference (CFDs) Offered By FXNovus. From Bitcoin And Ethereum To Various Other Cryptocurrencies, Traders Can Participate In The Volatile But Lucrative Cryptocurrency Market Without Owning The Underlying Asset In Question. This Category Provides Exposure To Digital Assets While Taking Advantage Of The Flexibility Of CFD Trading.

Indices: Gain Access To A Wider Range Of Market Trends And Movements Through The Range Of Indices Offered By FXNovus. Whether It Is A Standard Index Such As The S & P 500, Dow Jones Industries Average Index, Or A Global Index Such As The FTSE 100 And Nikkei 225, Traders Can Diversify Their Trading Strategies By Speculating On The Performance Of The Entire Market Or A Specific Sector.

Precious Metals: Hedge Against Inflation And Geopolitical Uncertainty With The Precious Metals Options Offered By FXNovus. These Metals, Including Gold, Silver, Platinum, And Palladium, Act As Traditional Safe-haven Assets, Providing Stability And A Store Of Value In Volatile Market Conditions.

Commodities: Further Diversify Your Portfolio By Trading Contracts For Difference (CFDs) On Commodities Such As Crude Oil, Natural Gas, Agricultural Commodities, And More. Commodities Play An Important Role In The Global Economy, And Traders Can Profit From Price Fluctuations Driven By Factors Such As Supply And Demand Dynamics, Geopolitical Events, And Weather Conditions.

Stocks: Invest In Individual Companies Across Various Industries Through Contracts For Difference (CFDs) On Stocks Offered By FXNovus. From Tech Giants Such As Apple And Amazon To Global Conglomerates And Emerging Market Companies, Traders Can Take Advantage Of Company-specific Opportunities While Benefiting From The Flexibility Of CFD Trading.

Account Types

FXNovus Offers A Tiered Account Structure That Caters To Different Trading Preferences And Experience Levels. Starting With The Classic Account, Traders Can Access The Platform With A Minimum Deposit Of $250, While Silver, Gold, Platinum And VIP Accounts Offer Progressively Enhanced Features, Services And Benefits To Meet Individual Trading Needs And Desires.

Leverage

FXNovus Offers Tailor-made Leverage Ratios For Different Asset Classes, Ensuring Traders Flexibility And Risk Management.

In Forex Trading, Leverage Is Up To 1:400, Allowing Traders To Enlarge Their Positions While Maintaining Control Of Risk.

Leverage Is Up To 1:200 For Silver And Gold (precious Metals), Commodities And Indices, Striking A Balance Between Capital Efficiency And Risk Exposure.

For Stocks/equity, The Maximum Leverage Is 1:5, Providing A Conservative Approach That Allows Traders To Trade Stocks In A Way That Reduces Risk.

Spreads And Commissions

FXNovus Offers Competitive Spreads On Its Various Account Types, Ensuring Clients Make Cost-effective Trades.

Traders Can Enjoy Zero Commissions And Focus On Executing Strategies Without Worrying About Additional Processing Fees.

The Spreads Offered For Each Instrument Vary By Account Type, And For High-level Platinum And VIP Accounts, Spreads Are More Compact. For Example, On A Classic Account, Spreads For EUR/USD Start From 2.5 Pips, While On A VIP Account, Spreads Can Be As Low As 0.9 Pips.

Trading Platform

FXNovus Provides Traders With Access To Its Proprietary Trading Platform, Including Web, Windows, Mac, And Android App Versions.

The WebTrader Platform Enables Users To Monitor Market Fluctuations, Access Live Trading, And Trade Over 160 CFDs On A Variety Of Assets, All Accessible Via A Web Browser Through A User-friendly Interface.

In Addition, The FXNovus Mobile Trading App Allows Traders To Trade Seamlessly On A Smartphone Or Tablet, Providing Historical Data Access, Trade Execution, And Demo Account Exploration.

Deposits And Withdrawals

FXNovus Offers A Variety Of Deposit Methods, Including Credit/debit Cards, Telegraphic Transfers, And Alternative Payment Methods (APMs), And Does Not Charge Customers Any Deposit Fee Processing Fees.

Minimum Withdrawal Amounts Vary. The Minimum Withdrawal Amount Is 10 EUR/USD/CHF For Credit Cards And E-wallets, And 100 EUR/USD/CHF For Telegraphic Transfers. Withdrawals Typically Take 8 To 10 Business Days To Process, Although The Exact Time Varies Depending On The Local Bank Where The Customer Is Located.

While There Are No Deposit Fee Processing Fees, Telegraphic Transfer Withdrawals Will Be Subject To A Withdrawal Fee Of $30 (or Currency Equivalent), And Any Third-party Payment Or Transfer Fees Are Borne By The Customer.

Fees

FXNovus Has Implemented Various Fee Processing Fees Related To Account Activity And Maintenance.

These Include Inactivity Fee Processing Fees, Which Will Be Charged If The Account Is Not Transacted For 30 Days Or More, Starting At $100 And Increasing Over Time.

Inactivity Period, Monthly Account

0 To 1 Month $0

30 Days Later & Nbsp $100 (or Currency Equivalent)

$250 (or Currency Equivalent) After 60 Days

$500 (or Currency Equivalent) After 180 Days

Additionally, There Is A $10 Monthly Maintenance Fee Regardless Of Account Activity.

The Overnight Interest Handling Fee Applies To The Fixed Handling Fee For Interest On Overnight Positions, Commodities And Indices. However, The Customer Does Not Need To Pay The Financing Fee Handling Fee.

Client Server

FXNovus Offers A Comprehensive Customer Support Channel To Assist Traders With Issues And Concerns.

Traders Can Get In Touch With The Support Team Via Online Chat For Immediate Assistance, Ensuring That Issues Can Be Resolved Quickly.

For More Personalized Assistance, Traders Can Contact FXNovus Via Phone Or Email, And A Dedicated Support Staff Will Provide Answers And Guidance.

E-mail: Support@fxnovus.com.

Telephone: + 27 010 157 1900, + 44 0151 265 5514.

Address: Unit 16B7, Sinosteel Plaza, 159 Rivonia Road, Mormingside Ext 39, Sandton, 2146, Gauteng, South Africa.