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FXNovus Review 2024 – CFD Trading on Forex, Cryptocurrencies & Stocks

fxnovus review
author Written by
Rex John Walsh
author Fact checked by
Sangram Mohanta

Last Updated on June 1, 2024 by TOP FOREX BROKERS REVIEW

FXNovus started its journey to set new standards for excellence in the forex trading industry. This advanced online broker of a new generation is rewriting the rules of the trading game. With a commitment to providing traders with unparalleled opportunities, FXNovus broker opens the door to a diverse range of financial instruments, including 160+ CFD assets.


Let’s get to know more from this FXNovus review.

FXNovus Broker Review: Quick Summary

🏢 HeadquartersSouth Africa
📆 Established2021
🗺️ RegulationFSCA of South Africa
🖥 PlatformsWebtrader
📉 InstrumentsForex, Commodities, Indices, Shares, Cryptocurrencies, Metals
💳 Minimum Deposit$250
💰 Deposit MethodsCredit/Debit Cards, Wire Transfer and APMs
📱 Mobile TradingNo
🌍 Web TradingYes
💵Minimum Trade Size0.01 Lots
🎢 Maximum LeverageUp to 1:400
🌍 ECNNo
🤖 RobotsNo
🎯 ScalpingYes
☎ Customer Support24/7

FXNovus Broker Review

 

FXNovus Broker Review: An Overview of the Company

Operated by FXNOVUS (PTY) LTD and regulated by the FSCA of South Africa, FXNovus has become the growing choice for people who want to invest and trade. They aim to make trading easy and keep you up to date with the latest news, trends, and changes in the market.

FxNovus broker uses advanced technology to help you do well in the market. Further, their trading software has tools to analyze the market, and it’s easy to use. Additionally, it also makes sure your money is safe with them through secure transactions and strong security measures.

Whether you’re new to trading or an expert, they offer online courses, tutorials, articles, books, and videos to teach you about trading. Further, they have a lot of assets you can trade, like currencies, cryptocurrencies, stocks, and more. You can use their platform to trade online without paying commissions. FXNovus also provides tools to help you understand the market better.

FxNovus Broker Review Trading Accounts

 

FxNovus Broker Review: Trading Accounts

When you enter the world of forex trading, you’ll find that different traders have different needs and preferences. FXNovus understands this, and that’s why they offer various types of accounts to fit traders at all levels.

Classic Account: For Beginners

The Classic Account is perfect if you’re just starting to trade. It lets you use a lot of your money to trade, up to 1:400 leverage. Spreads start at 2.5 points, you can trade more than 160 different things, and you don’t have to pay extra fees. They’re ready to help you all day, every day. FXNovus provides full, 24/7 support, ensuring assistance is always just a message away. The margin call/stop-out levels are set at 100%/50%, offering additional security for novice traders.

Silver Account: Beginners Friendly

The Silver Account, also beginner-friendly, mirrors the Classic Account in terms of leverage, spread, and assets. Like the Classic Account, there are zero commissions, and no minimum deposit is required. The advantage here is the ongoing 24/7 support, providing assistance whenever you need it. With margin call/stop-out levels of 100%/50%, this account is perfect for traders who are just starting to dip their toes into the world of forex.

Gold Account: For Accomplished Traders

The Gold Account is meant for traders who already know a bit about trading. It offers the same maximum leverage and asset choices but features a narrower spread, starting from 1.8 pips. Commission-free trading remains a perk, and you can count on full, 24/7 support. Like the other accounts, there’s no minimum deposit requirement, and the average execution speed is a quick 1 second.

Platinum Account: For Competent Traders

The Platinum Account is tailored to competent traders who require tighter spreads. With spreads starting from 1.4 pips, this account enhances your trading capabilities. Like the other accounts, it offers zero commission trading, full 24/7 support, no minimum deposit requirement, and speedy execution times of just 1 second.

VIP Account: For Maven Traders

For the ultimate trading experience, the VIP Account is your gateway. It provides the tightest spreads, starting from just 0.9 pips. Zero commission trading, full 24/7 support, and no minimum deposit requirements are part of the package. What sets the VIP Account apart is the added benefit of Negative Balance Protection, ensuring your account balance remains positive. Additionally, you gain access to free trading education resources, helping you further refine your trading skills.

FxNovus Trading Accounts

 

FXNovus Review: Exploring a Diverse World of Markets

When you trade online, picking the right assets to trade is really important for how well you do. FXNovus broker knows this, and they give you six different types of Assents to choose from.

Forex

In the Forex market, you can trade more than 45 different pairs of currencies through CFDs. It includes major, minor, and exotic options. With leverage of up to 1:400 and a flexible platform that supports PC, web, and mobile trading, you have the freedom to explore global currencies.

Commodity

FXNovus offers CFD trading for commodities such as oil, corn, and more than 15 other resources. With no commissions and free deposits, it’s a cost-effective choice. You can trade across different platforms, from your PC to the web and even your smartphone.

Indices

Indices trading is a unique opportunity, and with FXNovus, you can access CFD trading on major world indices like ASXSPI200 and DAX30, plus 15 more. Like other markets, there are no commissions or fees for deposits. The same cross-platform flexibility is available for your convenience, and you get instant access to the global indices market.

Shares Market

FXNovus opens the door to over 60 CFDs on popular international stocks. No commissions, unexpected charges, or fees make it a cost-efficient choice. With cross-platform trading from one synchronized account, you can trade on any device.

Cryptocurrencies

For cryptocurrency enthusiasts, FXNovus broker offers CFD trading for Bitcoin and more than 30 other assets. Just like other markets, there are no commissions or fees for deposits, and cross-platform trading is available. Instant access to the cryptocurrency market means you can explore the thrilling world of digital currencies with ease.

Metals

The metals market is a place of timeless value, and FXNovus allows you to trade CFDs on gold, platinum, silver, and other precious metals. With superior 24/7 support and a flexible platform that covers PC, web, and mobile versions, you have the tools you need to succeed.

 

FXNovus Review Trading Platform

FXNovus: Review Trading Platform

FXNovus has created a special Webtrader platform for their traders. They didn’t borrow someone else’s platform; they made their own, and it’s quick, clear, and secure. Let’s take a closer look at this Webtrader and see how it can make your trading experience better.

The Hub of Trading Excellence

Webtrader places you at the center of the trading universe, offering access to thousands of live trades on the market and a diverse selection of over 160 CFDs on various assets. The platform helps you navigate price surges and slumps and challenge the exciting, sometimes confusing, trading world. With Webtrader, you’re not just entering the market; you’re stepping in with a solid, licensed broker, FXNovus, by your side, ready to turn the volatility chaos into the fuel that drives your trading ambitions.

User-Friendly Customizable Interface

A great thing about Webtrader is that it’s easy to use, and you can make it work just the way you like. You can set it up to tell you when prices change, switch between different trading accounts easily, and adjust the app to suit your own trading style. It’s like the platform changes to fit you, not the other way around.

Precise Analytics with Visualization

With Webtrader, you have the ability to use really smart tools that help you understand the market better. Just by looking, you can see what’s doing well. There are special charts that show you details about different things you can trade. Plus, there are tools like arrows and lines that show you important stuff in a clear way. All of this helps you figure out what’s happening in the market and makes it easier to decide what to do.

Instant One-Tap Order Control

FXNovus platform simplifies order control with one-tap ease. You can easily use "stop loss" and "take profit" orders, along with different ways to make deals, to become really good at handling the ups and downs in trading.

Round-the-Clock Market Access

Flexibility is key in the world of trading, and Webtrader offers just that. You can trade whenever you want, 24 hours a day, 5 days a week, and for some assets, even 24 hours a day, 7 days a week. This is better than traditional investing, where you might have more restrictions on when you can trade.

FXNovus Broker

How to Start With FXNovus Platform

To use the FXNovus Platform, you will need to create an account first. And, for that go to open account page and provide your name, email, phone number, and password.

How to Start With FXNovus Platform

 

In the next steps fill out other required information and questionnaire. And finally deposit to your FXNovus account.

FXNovus Mobile App

Apart from web platform, FXNovus has mobile app for educational purposes. The app adjusts to your screen's size and shape smoothly. It works just like the website version, so your settings stay the same on all your devices in real-time. This means you can trade from anywhere and at any time you like.

 

FXNovus Mobile App

You'll have access to advanced charts that help you understand the market better. There are also tools and indicators that help traders analyze the charts in more detail.

The app also has a built-in Client Office/Trader Room feature, so you can manage your account without logging in from somewhere else.

This app is for learning and practice only. Traders can open demo accounts to practice trading.

FXNovus Review: Deposits

At FXNovus, they make it easy for all kinds of traders to get started. You can open an account with just $250 or the equivalent in your currency. And here’s the neat part – you can also sign up without putting in any money, but in that case, you can only practice with a demo account.

When you want to add money to your account, they give you different ways to do it. You can use your credit or debit card, send money through a bank transfer, or try alternative payment methods. Plus, you can choose from different currencies like euros, dollars, or Swiss francs, so it’s convenient for you to manage your trading account the way you like.

FXNovus Review: Withdrawals

FXNovus broker makes it easy for you to withdraw your money when you want to. If you change your mind about withdrawing money, you can cancel it as long as they haven’t started moving the money.

The smallest amount you can take out depends on how you want to do it. If you use a credit card or e-wallet, it’s 10 euros, dollars, or Swiss francs. But if you choose a wire transfer, it’s 100 euros, dollars, or Swiss francs.

To withdraw your money, you just need to sign in to your account and follow the instructions they give you on the withdrawal page. Usually, it takes 8 to 10 business days to get your money, but it could take longer depending on your bank. And here’s a cool thing – you can take out your money even if you still have open trades, as long as your account has enough money left to cover what you want to take out and any fees.

For your first withdrawal, there’s no charge as long as your account is verified and you’ve made at least one trade. But if you want to take out money after that, they might charge you a fee, which depends on how you’re taking out the money. If you use a credit or debit card, it’s 3.5% of the money. If you choose a wire transfer, it’s 30 dollars or the equivalent in your currency. It’s like they give you some options for how you want to take your money out, but it might cost a little bit.

Final Words

This new-generation broker offers traders an opportunity to redefine their trading reality, backed by a wide array of services designed for success.

In our FXNovus review, we found that they offer different types of accounts for both beginners and experienced traders. They also provide a wide range of assets to trade, including things like foreign currencies, commodities, stock market indices, company shares, cryptocurrencies, and valuable metals. This gives traders a lot of options to choose from.

In your journey toward trading mastery, FXNovus might be the partner you’ve been searching for.

 

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