A TopBrokers360 FXNovus Review for 2024

FXNovus emerges as a broker of distinction in the competitive world of CFD trading. Operating under FXNOVUS (PTY) LTD, this South African Investment Firm boasts of a solid regulatory framework, being authorized and closely overseen by the Financial Sector Conduct Authority (FSCA) of South Africa, under the FSP License Number 50963, and its official registration traces back to 2020 with the number 183344/07.

FXNovus goes beyond merely offering trading platforms. It ensures a holistic and secure environment, further amplified by its association with international entities and adherence to global standards. As traders navigate the intricate pathways of CFDs, the presence of a reliable broker becomes invaluable. FXNovus pledges not just reliability but also a dedication to upholding the highest standards in financial security and user-focused operations.

With the backing of the FSCA, the company places a premium on delivering the type of user experience and dependability that users around the world value.

Pros and Cons

Pros:

• Broad Asset Range
• Commission-Free Trades
• Personalized WebTrader Interface
• One-Tap Order Control Features
• Leverage up to 1:400

Cons:

• Regional Restrictions
• Limited Educational Materials

A WebTrader Platform and FXNovus Review

Image source: FXNovus Webtrader Information

At the heart of FXNovus’s trading capabilities lies the WebTrader platform, distinguished not just for its state-of-the-art features but also for its high level of customization and adaptability.

Designed with both novice and expert traders in mind, WebTrader offers a seamless and intuitive interface that encourages efficient trading. Its user-friendly design allows traders to set in-platform price change notifications and seamlessly switch between multiple accounts with just a single click.

Beyond the aesthetics, the trading platform is equipped with advanced charting tools, real-time price quotes, and a multitude of technical indicators, including visual aids like Fibonacci, arrows, and support and resistance lines, enabling traders to make informed decisions. Add to this the platform’s instant one-tap order control and round-the-clock market access, and it’s evident why WebTrader stands out.

The adaptability across various devices ensures that traders can monitor and execute trades no matter where they are. With its blend of functionality and user-centric design, WebTrader undoubtedly elevates the trading experience offered by FXNovus.

Image source: FXNovus Webtrader Page

Access to 160+ CFDs

➟ Access, Analyze, and Act on 160+ CFD Assets

Choosing FXNovus over other forex brokers means stepping into a world filled with trading opportunities. The site boasts access to a variety of CFD assets across a range of markets, Forex currency pairs, cryptocurrencies, precious metals, indices, stocks, and commodities.

In addition to major, minor, and exotic currency pairings, users have access to over 160 different CFD assets to diversify their portfolios and strengthen their techniques.

Merging technological advancement with a vast asset portfolio, FXNovus ensures traders remain connected and informed. If you are looking to embrace the world of Forex and CFD trading, this broker is certainly worth considering.

Comparing the FXNovus Trading Accounts

➟ Find the Trading Account that Best Suits You!

Starting your journey with FXNovus allows you to find a trading account that aligns with your goals and aspirations. Traders are offered five unique account types, each with features, tools, and assets to enhance your trading experience.

For those just starting out or wanting a more straightforward trading experience, the Classic and Silver accounts are ideal choices. While both cater to beginners, the Classic account provides a starting point with a minimum spread starting from 2.5 and full 24/7 support. On the other hand, the Silver account, while still designed for beginners, offers a slightly more competitive minimum spread starting from 2.5, ensuring those who are more active or want a tighter spread can benefit.

For traders who have more experience and are looking for more advanced features, the Gold and Platinum accounts come into play. The Gold account, tailored for accomplished traders, provides a tighter minimum spread starting from 1.8. In contrast, the Platinum account, aimed at competent traders, offers an even more competitive spread starting from 1.4. Both accounts promise zero commission, full 24/7 support, and speedy execution, but Platinum provides an edge for those seeking the best conditions and quickest responses in the market.

The VIP account, tailored for expert traders, offers a reduced spread from 0.9, ensuring better rates for larger trades. Not to forget, it comes with benefits like Negative Balance Protection and Free Trading Education, providing an extra layer of security and knowledge.

FXNovus ensures that traders have extensive insight into each trading account, allowing for informed decisions based on individual needs and goals.

Image source: FXNovus Trading Accounts

FXNovus and Compliance with Regulatory Standards

➟ Click here to find out more about FXNovus’ Licenses and Regulations

FXNovus is a dedicated and trustworthy brokerage that prioritizes adherence to regulatory requirements. The company is authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa with an FSP License Number 50963. Moreover, FXNovus operates under registration number 2020 / 183344 / 07 and maintains its registered address at Unit 1687, 159 Rivonia Rd, Sinosteel Plaza, Morningside Ext, Sandton, 2146.

Additionally, affiliated companies like Peaksight Ltd are incorporated under the laws of Cyprus, ensuring compliance with multiple regulatory frameworks. Emphasizing the safety and security of its clients, the trading platform has structured its operations with clear regional and nationality restrictions, making sure to cater its services with utmost precision and transparency.

FXNovus’ Payment Methods

The trading platform offers traders a variety of deposit and withdrawal methods designed for speedy transactions. The high execution speed ensures transactions are processed promptly, enabling traders to place orders with a single click. FXNovus’s payment system enables you to monitor and manage your funds with ease and efficiency.

➟ For more information about fees, click here

How Does FXNovus Support You?

FXNovus is steadfast in delivering top-notch client assistance. Their dedicated support team, consisting of seasoned professionals, is ready to tackle any concerns or inquiries you might face, no matter if you are a trading veteran or a newcomer to the industry. Available five days a week, traders can seamlessly connect via live chat, email, phone calls, or even seek help through their various communication channels.

Image source: FXNovus Contact Us

Email:
[email protected]

Telephone:
+27101571900

FXNovus Stands out from other Forex Brokers with its diverse trading options, robust regulations, and unparalleled customer support tailored for all traders.

Image source: Why FXNovus