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FXNovus

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5.0
(3 Reviews)

Founded: - Min Deposit: 250 USD

Headquarters: South Africa Max Lev: 1 : 400

Risk Level I

FXNovus's FSCA license claim needs to be verified due to FSCA not disclosing the licensee's web address.

Score
Business Scope
0.0
Trading Cost
5.5
Trading Platforms
5.5
Support
5.5
Licence Status
FSCA 50963
Authorised
Contact
+441512655514
support@fxnovus.com
https://www.fxnovus.com/
Account & Cost Related Complaints Reviews

Related Complaints

Q&A Complaints

FX Novus major scam ?

Cryptic
Malaysia
2024-11-05
ANSWER Dear Investor,Thank you for reaching out to us. We researched the website of Fx Novus (fxnovus.io) and are concerned that it is a risky trading platform.The website claims to be regulated by the Financial Sector Conduct Authority (FSCA), stating the brand is operated by FXNovus (PTY) LTD with an FSP No. 50963. We found corresponding records on the FSCA's register, but the information disclosed there is limited and lacks essential details about the licensee. This makes it challenging to verify the connection between Fx Novus (fxnovus.io) and the holder of the FSP No. 50963. Simply put, the information from the FSCA cannot adequately prove that Fx Novus and the services provided through fxnovus.io are truly supervised by the FSCA. There might be a potential of identity theft—this platform might copy information from a genuine firm registered with the FSCA to appear legitimate and credible.As for the alleged affiliation with Peaksight Ltd, a company licensed by the Cyprus Securities and Exchange Commission (CySEC), it remains unverified. Information from the CySEC register does not support a connection between these two entities. Even if this affiliation were true, it wouldn't necessarily mean that FXNovus is fully regulated. Being part of a group with a licensed entity does not automatically grant regulatory status to all companies within the group. Furthermore, even if FXNovus were subject to that license, the oversight from an offshore jurisdiction is generally weak, providing minimal protection.We suggest you exercise extreme caution with Fx Novus. Should you have any further inquiries or need assistance, please do not hesitate to contact us.
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Overall Score

5.0
3 Reviews

Cost 5.5

Platforms 5.5

Deposit & Withdrawal 5.5

Customer Support 5.5

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Honey Bee
0-6 months Classic Account Malaysia
Don't fall for this platform.Once you're in, your capital can be considered as sunk cost as they won't let you withdraw the amount.Customer support won't reply you when you ask about withdrawal.
2024-12-06
Reply
Brokersview Official
Dear, about your problems encountered in this broker, you can submit a complaint with your proofs, Please click the link to submit：https://www.brokersview.com/complaint service@brokersview.com
2024-12-06
Reply
Rachel N
0-6 months Silver Account Singapore
Good platform,. fare rates and good service
2024-12-02
Reply
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.