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FXNovus Review on FSCA-regulated Trading


In this FXNovus review, we delve into how it stands out as a premier CFD trading platform, securely regulated by South Africa’s Financial Sector Conduct Authority (FSCA). Offering a wide variety of financial instruments like cryptocurrencies, stocks, forex, indices, metals, and commodities, the broker serves traders at every skill level with a commitment to a transparent and supportive trading journey. With FSCA license no. 50963, FXNovus demonstrates its dedication to safeguarding client investments through rigorous financial integrity, ensuring client and corporate funds are distinctly separated. Combined with cutting-edge trading tools and unwavering support, the platform secures its position as the go-to broker for traders in search of both reliability and comprehensive market access, all within a well-regulated environment.

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Image Source: FXNovus Homepage

Alt Text: FXNovus homepage showcasing its products and services

FXNovus Trading Platforms

The broker offers versatile trading platforms for every trader’s need, ensuring constant connectivity to the global markets.


A comprehensive platform for real-time market monitoring and trading over 160+ CFDs. 

  • Customizable interface for personalized trading experiences.
  • Detailed visual analytics with tools for market analysis.
  • Instant order execution with one-tap control.
  • Access to the markets 24/5, enabling trading beyond traditional hours.
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Image Source: FXNovus Trading Platforms

Alt Text; Features of the FXNovus WebTrader Platform 

Mobile Trading App

Designed for traders on the move, available on Google Play, it offers:

  • Seamless trading, historical data access, and a demo account from your smartphone or tablet.
  • Constant updates and notifications to keep you informed.

Desktop Platform

For those preferring a robust trading setup, it provides:

  • Advanced trading features for in-depth market analysis and strategies.
  • Stable and comprehensive access to trading tools on PC or Mac.

The broker delivers a full spectrum of trading platforms, from WebTrader’s dynamic interface and the mobile app’s flexibility to the desktop platform’s advanced capabilities, ensuring traders have the tools they need, whenever and wherever they are.

Award-Winning Customer Support

FXNovus is celebrated for its exceptional customer service, underscored by an award-winning support team that’s accessible 24/7 across various channels. This accolade, awarded by BrokerCheck, affirms the team’s dedication to swift, informed, and effective assistance for every trader.

  • Around-the-Clock Availability: Traders can reach out any time via email, chat, and telephone, ensuring support is always a message or call away.
  • Expert Team with Tailored Solutions: Known for their deep understanding and skill, FXNovus’ support staff excel in addressing queries from trading and account management to technical difficulties. They stand out for providing personalized support, and crafting solutions that meet individual trader needs.
  • FAQ Section: Alongside direct support, FXNovus offers an extensive FAQ section. This resource is designed to answer common questions quickly, allowing traders to find information instantly and independently, further enhancing the user experience.

The recognition of customer service excellence sets the platform apart as a reliable partner in the trading world. This combination of 24/7 access, expertise, personalization, and a comprehensive FAQ section illustrates FXNovus’ commitment to supporting traders at every step of their journey.

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Image Source: FXNovus’ Award-Winning Customer Support 

Alt Text: Customer Support Award for FXNovus 

Regulation and Multilingual Support

FXNovus operates under the stringent oversight of the Financial Sector Conduct Authority (FSCA) of South Africa, under License No. 50963 and Registration No. 2020 / 183344 / 07. The FSCA, known for its rigorous standards, oversees the broker to ensure it meets high levels of financial integrity and operational conduct.

FXNovus Review of Regulation

  • FSCA Supervision: Being licensed by the FSCA means FXNovus adheres to strict regulatory requirements designed to safeguard trader interests, including the essential segregation of client and corporate funds.
  • Global Compliance: The broker not only meets local regulatory standards but also aligns with international best practices, providing a secure trading environment.

Founded in 2021 in South Africa, FXNovus has quickly established itself as a globally oriented platform, offering services in multiple languages including Arabic, Chinese, French, German, Hindi, Italian, Korean, Malay, Portuguese, and Spanish. This wide linguistic support reflects its commitment to catering to a diverse, international trading community.

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Image Source: FXNovus Transparent Legal Documents and Regulations 

Alt Text: Legal Documents and Regulations for FXNovus 

Platform Accessibility and Payment Flexibility

  • Versatile Trading Platforms: Traders have access to the WebTrader interface, desktop applications, and mobile apps, ensuring a seamless trading experience across devices.
  • Diverse Payment Options: FXNovus facilitates a range of payment methods, accepting deposits and processing withdrawals through credit/debit cards, wire transfers, and Alternative Payment Methods (APMs), with transactions typically completed within 8-10 business days.

In our FXNovus review, we found that it embodies a blend of regulatory diligence, operational excellence, and customer-centric services.

FXNovus Account Types

The platform offers a versatile range of account types to cater to traders at every level of experience and investment capacity. Each account is designed with specific features to match the trader’s journey from novice to expert, ensuring a supportive trading environment.

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Image Source: FXNovus Account Types

Alt Text: Compare Trading Account Features

Exploring the Account Types

  • Classic Account: The entry point for new traders, providing a solid foundation with maximum leverage up to 400x and starting spreads from 2.5. This account gives access to all 160 CFDs on the platform and 24/7 customer support, making it ideal for those beginning their trading adventure.
  • Silver, Gold, and Platinum Accounts: Designed for traders advancing in their journey, these accounts offer reduced spreads down to 1.4 for Platinum account holders. They build on the Classic account’s offerings with enhanced features to support growing trading skills and strategies.
  • VIP Account: Tailored for the most sophisticated traders, the VIP account boasts the lowest spreads, beginning at 0.9, and includes exclusive advantages. It represents FXNovus’ commitment to elite trading conditions and personalized support.

Features Across All Accounts

  • Zero Commissions: The broker stands out by offering zero commission on deposits across all account types, ensuring traders can maximize their profits.
  • Access to All CFDs: Regardless of the account type, traders have access to the full range of 160 CFDs, covering forex trading, stocks, indices, commodities, and more, enabling a diversified trading strategy.
  • 24/7 Customer Support: FXNovus ensures all traders, irrespective of their account type, have access to its award-winning customer service team at any time of the day.
  • Negative Balance Protection: A significant update to FXNovus’ account features is that negative balance protection is now available across all account types, safeguarding traders from losing more than their account balance.

With this structured account system, our broker review finds that it caters to the entire spectrum of traders, ensuring each has the tools, resources, and conditions needed to succeed in the dynamic world of CFD trading.

Broker Review on Education

FXNovus demonstrates an unwavering commitment to trader education, understanding that a well-informed trader is the cornerstone of a successful trading journey. Through a wide range of educational resources and additional features, the broker ensures that traders of all experience levels have the tools and knowledge needed to navigate the forex trading market confidently.

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Image Source: Education Center at FXNovus 

Alt text: FXNovus Education Center with different courses, analysis tools, and a glossary

Core Educational Offerings

  • Online Courses: Catering to both novices and seasoned traders, these courses range from the basics of forex trading to advanced strategies and market analysis techniques.
  • eBooks: A vast library of eBooks provides deep dives into various trading aspects, including market analysis, trading psychology, risk management, and strategic planning.
  • Analysis Tools: Traders have access to sophisticated tools for real-time market analysis, aiding in informed decision-making based on current market trends and potential opportunities.
  • Glossary: An extensive glossary helps traders get acquainted with trading terminology, facilitating a smoother learning curve for those new to the forex world.

Enhanced Learning through Additional Features

The broker enriches its educational framework with features designed to bridge theoretical knowledge with practical market application:

  • Economic Calendar: Offers insights into significant financial events and their potential impact on the markets, including key economic indicators like GDP, inflation, and employment data.
  • Newsletters: Regular updates on trading opportunities and market events keep traders informed and ready to act on the latest market dynamics.
  • Alpha Generation and Technical Insight: These tools assist traders in identifying, validating, and timing their trades with confidence, integrating analytical depth with actionable trading strategies.
  • Strategy Builder: Enables traders to create, test, and refine their trading strategies, supporting a methodical approach to trading success.

Seamlessly Blending Education with Action

By combining a structured educational approach with real-time market tools and insights, FXNovus goes beyond traditional learning. With the inclusion of an economic calendar, newsletters, and advanced analytical features like Alpha Generation, Technical Insight, and the Strategy Builder, the broker equips traders with a holistic educational experience. This comprehensive blend of learning materials and practical tools shows the dedication to empowering traders.

Is FXNovus Legit?

FXNovus has earned high praise from reputable broker review platforms like TopBrokers360 and BrokerCheck, solidifying its credibility in the forex trading world. These accolades emphasize its commitment to providing top-notch educational resources, user-friendly trading platforms, and exceptional customer service. The recognition from BrokerCheck, especially for its customer support, shows FXNovus’s legit dedication to its traders’ success. Given these reviews and its comprehensive offerings, the broker stands as a legitimate and reliable choice for traders seeking a supportive and enriching trading environment.

→ Find out more by contacting FXNovus through live chat, phone +27101571900 or email [email protected]   

*This article was paid for. Cryptonomist did not write the article or test the platform.

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