FXNovus Broker Review 2025

FXNovus is an STP broker offering execution speed of 0.04 sec and access to Trading Central signals. It provides a mobile app through the Firebase App Distribution platform. It offers trading accounts in USD, EUR, GBP, and CHF currencies with a $10 withdrawal fee for card and e-wallet payments.

FXNovus; Company Information and Regulation

FXNovus is a reputable South African CFD broker (Registration No. 2020/183344/07) that entered the trading scene in 2020. FXNovus (PTY) LTD is in the same group of companies as Peaksight Ltd, regulated by CySEC (CIF license No. 440/23). Key features of FXNovus:

• Licensed by the Financial Sector Conduct Authority (FSCA) in South Africa under FSP license No. 50963
• Leverage options of up to 1:400
• Flexible spreads
• Mobile trading support
• Five different asset classes

FXNovus Specification Table

Here's a comprehensive specification table outlining the key features of FXNovus to give you a clear picture of what the Forex broker offers.

FXNovus Account Offerings

The company caters to traders of all experience levels by offering a range of account types, each with its own features and benefits.

FXNovus Broker Pros & Cons

To help you make an informed decision, let's weigh the advantages and disadvantages of trading with FXNovus.

FXNovus Account Registration and KYC Verification

Opening an account with the broker is straightforward. First, you must complete a Know Your Customer (KYC) verification.

#1 FXNovus Website

Navigate to the broker’s official website, and click “Open Account”. Note that the FXNovus website is available in 12 languages, including:

• English
• Malay
• German
• Spanish
• French
• Italian
• Portuguese
• Arabic
• Hindi
• Thai
• Simplified Chinese
• Traditional Chinese

You can choose the most convenient option to proceed with the FXNovus registration process.

#2 Sign up Form

Provide your personal and contact information, including:

• Name
• Last name
• Email
• Phone number
• Password (containing 8 – 15 characters, including digits, lowercase, uppercase, and special characters)

#3 Personal Details

Fill in the next form with additional personal information, including:

• Residency address
• Country and city of residence
• Zip or postal code
• Nationality
• Date of Birth
• ID type and number (e.g., Driving license, National ID, Passport, and Residence permit)

#4 Trading Questionnaire

The broker must check your background in financial markets and trading. Therefore, you must answer 12 different questions in various subjects, such as:

• Source of funds
• Deposit estimate
• Intended purpose of trading

#5 Verification Documents

In the next step, FXNovus asks you to provide proof of identity and residence. The supporting documents must include Full name, Photo, Date and Place of Birth/Nationality, Unique Document Reference, Number ID Issuing Authority, and Expiry Date.

Acceptable documents for FXNovus verification:

• Proof of ID: Driving license, National ID, and Passport
• Proof of Residence: Bank statement, Invoice, Pension letter, Residence certificate, Tax document, and Utility bill

You can skip this step and complete it later by pressing the “Not Now” button.

#6 Make a Deposit

To start trading with FXNovus and get a trading account, you must deposit a minimum amount of $250 using one of the available payment methods, including:

• Credit/Debit Cards
• Cryptocurrencies
• Skrill
• GPay
• SticPay

Note: You can skip the deposit step by clicking “Not Now”. However, this step is crucial to get a trading account.

FXNovus Trading Platforms

One of the biggest letdowns in this FXNovus review is the lack of support for advanced trading solutions like MetaTrader 5 and the TradingView platform. The broker has developed its proprietary Webtrader and Mobile Application.

The mobile application is not available on the Play Store or the App Store. While you can access the Webtrader through the FXNovus client dashboard, the mobile application, which is still in the test phase, is only accessible on the Firebase App Distribution platform.

Steps to get access to the FXNovus mobile app:

1. Navigate to the FXNovus Firebase profile;
2. Enter your email address and click “Sign up”;
3. Check your inbox on your phone and use the link to begin testing the app.

FXNovus Fee Structure

The broker operates on a commission-free model, with the main trading cost being the spread, which is flexible and differs based on the account type.

FXNovus charges a $10 fee for card/e-wallet withdrawals and a $30 commission for wire transfers. The broker also implements a commission scheme regarding dormant accounts with costs ranging from $100 to $500.

This FXNovus review will gather the spread data for 4 popular trading instruments across various account types:

FXNovus Broker Payment Methods

The company offers a variety of payment options, from Credit/Debit Cards to Cryptocurrency, to accommodate traders from different regions. FXNovus deposit & withdrawal methods:

• Credit / Debit Cards: VISA, MasterCard, American Express, Discover, Diners Club, Maestro, and JCB
• Vouchstar
• Skrill
• Crypto (CryptoPayx)
• Local Payments (in the selected country’s currency)
• Google Pay
• SticPay

The minimum withdrawal amount from the FXNovus account is 10 EUR/USD/CHF for Credit Card and E-Wallets, and 100 EUR/USD/CHF for Wire Transfer, and the processing time is approximately 8 to 10 days.

Does FXNovus Offer Copy Trading or Investment Plans?

Unfortunately, FXNovus does not offer copy trading software for crypto or other markets. The broker primarily targets retail traders who want to participate in the market themselves.

FXNovus Financial Markets

The company provides access to 160+ trading instruments across six asset classes, including:

• Forex: 45+ major, minor, and exotic currency pairs
• Metals: Gold, Silver, Platinum, and Palladium
• Indices: 15+ major world indices, such as DAX30, JP225, UK100, and NAS100
• Commodities: Energy (e.g., WTI, BRENT, and NGAS Futures) and agricultural products (e.g., Coffee, Cotton, Sugar, and Cocoa)
• Shares: CFDs on 60+ international stocks, including Apple, Adidas, Amazon, and eBay
• Cryptocurrencies: CFDs on Bitcoin and 30+ other assets like Ethereum, Bitcoin Cash, Litecoin, and XRP

FXNovus Bonus Offerings

One of the letdowns in this FXNovus review is the lack of comprehensive bonus programs. While the company doesn’t offer traditional deposit gifts, it features an affiliate program with the following key features:

• Three main partnership plans, including Conversion, Rebate, and Valued Partners
• Rewards based on trading volume
• Exclusive marketing materials

You can use TradingFinder’s Forex rebate calculator to estimate your profits from the FXNovus rebate partnership program.

How to Reach FXNovus Support?

The company prides itself on providing 24/7 responsive customer support to assist traders at every stage.

FXNovus Restricted Countries

The company is obliged to implement certain geographical restrictions due to regulatory compliance. Red flag countries and regions on FXNovus:

• United States of America
• Canada
• Australia
• Iran
• North Korea
• Myanmar
• Israel
• European Union
• South Africa
• Syria
• Yemen
• Gaza

FXNovus Trust Score

There are 503 FXNovus reviews on Trustpilot, mostly positive, resulting in a great score of 3.8 out of 5. While 64% of comments are positive, less than 26% of the reviews on the FXNovus Trutspilot profile are negative (1-star and 2-star).

Does FXNovus Broker Provide Education?

The broker provides an education center exclusive to its clients. You must create an account before accessing the hub. It contains various trading tutorials and tips, such as:

• Strategies
• Trading psychology
• Forex basics
• Glossary

FXNovus also offers access to three trading tools, including:

• Chart analysis widget
• Economic calendar
• Trading Central signals

You can also use TradingFinder’s Forex education center for additional resources.

Conclusion and Final Words

FXNovus provides 160+ trading instruments across five asset classes, including Forex and Crypto. The broker has a mandatory KYC process and does not accept US clients. It has a great score of 3.8 out of 5 on Trustpilot.