FXNovus Broker
Rating: 4 / 5FXNovus joins the cohort of South African CFD brokers attempting to gain market share in an ultra-competitive brokerage scene. Traders get a user-friendly web-based trading platform with 20+ analytical tools and a balanced asset selection of 225+ trading instruments spanning six sectors. I reviewed this broker to determine if it follows other South African brokers with its trading environment structure or if it set itself apart. Is FXNovus a broker you should trade at?
FXNovus joins the cohort of South African CFD brokers attempting to gain market share in an ultra-competitive brokerage scene. Traders get a user-friendly web-based trading platform with 20+ analytical tools and a balanced asset selection of 225+ trading instruments spanning six sectors. I reviewed this broker to determine if it follows other South African brokers with its trading environment structure or if it set itself apart. Is FXNovus a broker you should trade at?
Broker Details
- Headquarters
- South Africa
- Established
- 2020
- Min Deposit
- $250
- Execution
- ECN/STP, Market Maker
- Regulators
- FSCA
Trading Conditions
- Retail Loss Rate
- Undisclosed
- Min Standard Spreads
- 2.5 pips
- Min Forex Commission
- Commission-free
- Trading Hours
- Currency PairsSunday 22:05 - Friday 21:50CryptocurrenciesSunday 22:05 - Friday 21:50CommoditiesSunday 23:05 - Friday 22:00Crude OilSunday 23:05 - Friday 22:00GoldSunday 23:05 - Friday 22:00MetalsSunday 23:05 - Friday 22:00StocksMonday 01:05 - Friday 21:00
Accounts & Funding
- Funding Methods
- 4
- Deposit Options
- Credit CardsWire TransferDebit CardsSkrillOther
- Deposit Fees
- No
- Withdrawal Options
- Credit CardsWire TransferDebit CardsSkrillOther
- Withdrawal Fee
- Yes
Trading Costs & Spreads
- EUR/USD
- 4.1 pips ($41.00)
- GBP/USD
- 4.7 pips ($47.00)
- Gold
- $0.27
- Bitcoin
- $393.50
- WTI Crude
- $0.17
- Inactivity Fee
- true
Platform & Features
- Trading Platforms
- Proprietary platform
Pros
- 24/7 customer support
- Balanced asset selection of liquid trading instruments
- User-friendly trading platform
Cons
- No MT4 or algorithmic trading
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