Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighFSCA licence FSP 50963 is genuine and active, but it is a Category I advice and intermediary authorisation rather than a dealing licence, no European licence covers its clients, and the AMF has blacklisted the website.
Identity & transparency
3/10 · LowThe operating company, registration number and registered address are openly published and match the FSCA register exactly, though a second Sandton address also circulates on its own channels.
Withdrawals & conduct
8/10 · CriticalMultiple detailed reports across two platforms over 17 months describe funds not returned, accounts that could not be closed and settlements conditional on waiving all claims, partly offset by the firm replying to most complaints.
Reputation
8/10 · CriticalTrustpilot 2.2 out of 5 across 321 reviews with 56 percent one star, reviews.io 1.5 out of 5 across 509 reviews, plus a regulator blacklist entry and a run of formulaic lukewarm reviews from single-review accounts.
Website claims
7/10 · HighPresents a limited advice and intermediary authorisation as making it a regulated CFD trading company, publishes no link to the register, and states it does not serve the European Union while a European regulator found it soliciting there.
Operational history
2/10 · LowAbout five years of continuous operation under one brand with company registration, licence date and domain creation all consistent, which is a genuine mitigating factor.
Who they are
A quick desk file on the company behind the brand.
- Brand: FXNovus, a CFD broker using its own WebTrader platform and mobile app, with no MT4 or MT5.
- Legal entity: FXNOVUS (PTY) LTD, company registration number 2020/183344/07.
- Registered: South Africa. The FSCA register records the address as 1 Casino Road, Founders Hill, Modderfontein Estate, Johannesburg 1609.
- Website: www.fxnovus.com, with fxnovus.io as a mirror and lp.fxnovus.com used as a sign-up landing page.
- Only licence: FSCA (South Africa) FSP 50963, authorised 9 April 2021, Category I advice and intermediary services.
- Offers: more than 160 CFDs on forex, indices, shares, commodities, metals and crypto, leverage up to 1:400, minimum deposit 250 USD.
- Not accepted: its own documents say residents of the European Union and of South Africa are not served. The sign-up landing page lists a shorter set of exclusions, including the United States, Canada, Australia and Turkey.
- Age claim: the company was registered in 2020, the FSCA licence dates from April 2021 and the domain was created on 20 October 2021. The timeline is consistent.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
FSCA
Found by our investigation (1) — the broker does not list these on its own site
CySEC
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
Three things decided this, and the first one is the strongest.
- A European regulator has named this exact website. The AMF in France publishes a blacklist of sites offering forex without authorisation. www.fxnovus.com is on it, in the Forex category, published 7 May 2025. The entry states plainly that this operator is not authorised by the AMF to offer financial services or investments in France.
- The licence it advertises is not the licence its business needs. We searched the FSCA register for FSP 50963. The record is genuine and active in the name FXNOVUS (PTY) LTD, with the matching company number and address. But the approved products show a Category I authorisation for advice and intermediary services only, covering derivative instruments, deposits, long-term insurance and friendly society benefits. There is no authorisation on the record to act as the counterparty to clients' derivative trades, which is what a firm operating its own CFD platform does. The site nonetheless describes itself simply as a regulated CFD trading company.
- No European licence covers its clients. CySEC licence 440/23 belongs to Peaksight Ltd, licensed on 11 December 2023, and CySEC lists www.peaksightltd.com as its approved website. fxnovus.com is not on that record. Being part of the same group is not the same as being covered by the group's licence.
- Client reports point the same way, on more than one platform and over more than a year. On Trustpilot, one client describes being unable to withdraw, then being offered a small settlement conditional on signing away all claims before any payment. Another describes a lead coming from a fake news article about AI trading, a call within seconds, a chain of account managers, and pressure to borrow money to deposit more. Others write that the company will not give money back, or that an account could not be closed for almost a year. Reviews.io shows 509 reviews averaging 1.5 with a 9 percent recommendation rate and the same withdrawal and refund themes.
- Its own words conflict with its conduct. The website footer says services are not offered to residents of the European Union. A European regulator found the site offering forex in France anyway.
We stopped short of calling this a confirmed scam for one reason: the operator is a real, named, traceable South African company with a genuine FSCA record. That is a meaningful difference from an anonymous fake, and it is why the verdict is likely rather than confirmed.
Evidence ledger
Every finding, with its source and how strongly it points.
E1France's financial regulator lists the exact website www.fxnovus.com on its Forex blacklist, stating this operator is not authorised to offer financial services or investments in France. Published 7 May 2025.
E2The FSCA register returns one match for FSP number 50963: FXNOVUS (PTY) LTD, status Authorized, company registration 2020/183344/07, authorised 9 April 2021, physical address 1 Casino Road, Founders Hill, Modderfontein Estate, Johannesburg 1609. Entity, number and address match what the broker publishes.
E3The same FSCA record's approved products show a Category I licence with advice and intermediary services for derivative instruments, long-term and short-term deposits, long-term insurance subcategory A and friendly society benefits. No authorisation appears permitting the firm to act as counterparty to client derivative trades, which is what operating its own CFD platform involves.
E4The broker's own footer and legal documents state that FXNovus (PTY) LTD is regulated and supervised by the FSCA under FSP License No 50963 and that it does not offer services to residents of the European Union or South Africa. A European regulator nevertheless lists the site for offering forex in France.
E5CySEC's register shows licence 440/23 held by Peaksight Ltd, licensed 11 December 2023, at Office 204, P. Lordos Center, Limassol, with www.peaksightltd.com as its approved website. fxnovus.com does not appear, so the Cypriot licence does not cover FXNovus clients.
E6Trustpilot shows 321 reviews at 2.2 out of 5 for fxnovus.com, with 56 percent one star and 9 percent five star, and the platform notes the company has received regulatory attention. Detailed one-star accounts run from February 2025 to July 2026 and describe funds that could not be withdrawn, a settlement conditional on signing a full release before payment, an account that could not be closed for almost a year, a lead generated by a fake news article about AI trading followed by an immediate sales call, and pressure to deposit borrowed money.
E7A second independent review platform shows 509 reviews for www.fxnovus.com averaging 1.5 out of 5 with a 9 percent recommendation rate, and the recurring negative themes are withdrawal and refund difficulties and account access problems.
E8A dedicated landing page collects first name, last name, phone number and email before anything else, and its footer describes FXNOVUS (PTY) LTD as a South Africa investment firm with FSP licence 50963, headquartered in Sandton, excluding only certain EU states and a short list of other countries. That exclusion list is narrower than the main site's statement that the European Union is not served.
E9Domain registration records for fxnovus.com show creation on 20 October 2021, last change 21 October 2025, registrar GoDaddy and Cloudflare nameservers. This is consistent with a company registered in 2020 and licensed in April 2021, so there is no misrepresentation of the firm's age.
E10An industry aggregator entry that publishes this broker's own website www.fxnovus.com and the registered Modderfontein address records no forex trading licence for the brand and republishes the French regulator's blacklist entry for the domain, dated 7 May 2025.
E11An independent broker review of fxnovus.com describes the brand as operating through two entities, FXNovus (PTY) LTD under the FSCA for international clients and Peaksight Ltd under CySEC for European clients, founded 2020, minimum deposit 250 USD, proprietary WebTrader only with no MT4 or MT5.
E12A second domain, fxnovus.io, is live under the same FXNovus branding and applies the same country-based access restriction as the main site, with no regulatory details published on it.
Weakfxnovus.io
The other side
The strongest case in this broker’s favour.
Here is the strongest honest case in FXNovus's favour.
- The company and its licence are real. We opened the FSCA register ourselves. FSP 50963 is active, in the exact name FXNOVUS (PTY) LTD, with the same company number and the same registered address the broker publishes. Nothing is fabricated and nothing is borrowed from another firm.
- It is not a clone. We looked for a well-known firm being impersonated and found none. The brand, the entity, the address and the licence number all belong to the same operation. The clone label this broker previously carried does not hold up.
- The age story checks out. Company registered 2020, licence April 2021, domain October 2021. Firms that lie about their history usually fail this test. This one passes it.
- There is a genuinely EU-licensed sister company. Peaksight Ltd really does hold CySEC licence 440/23. The group is not inventing a regulator out of thin air, it is simply keeping the two client bases apart.
- It answers complaints. Trustpilot records replies to 96 percent of negative reviews, usually within a day, and some clients describe issues that were eventually resolved. A number of reviewers report helpful support and a straightforward sign-up.
- The AMF blacklist is about permission, not proof of theft. Being unauthorised in France means the firm should not solicit French residents. It is not, on its own, a finding that client money was stolen.
We weighed all of this. It lowers the verdict from confirmed to likely. It does not clear the broker, because a real licence that does not cover the business being sold, plus a regulator blacklist, plus a sustained pattern of people unable to get their money out, still adds up to serious risk.
What would change this
What we would need to see to revise the verdict.
These are the specific findings that would move our verdict, in either direction.
- Removal from the AMF blacklist. If the AMF withdrew the www.fxnovus.com entry, the single hardest piece of evidence would disappear and we would reassess immediately.
- An FSCA authorisation that fits the business. An over-the-counter derivative provider licence, or an FSCA record showing authorisation to act as counterparty to client CFD trades, would remove our main regulatory objection.
- fxnovus.com appearing on Peaksight Ltd's CySEC record. If CySEC listed this website among the approved domains of licence 440/23, European clients would have real protection and the score would fall sharply.
- Evidence that withdrawals work at scale. A run of verifiable, dated payout confirmations from independent clients, and a visible drop in one-star fund-access complaints, would push this toward a high-risk-but-operating rating.
- Confirmed enforcement action. A published FSCA or other regulator decision, a court judgment, or a second regulator naming the domain would take this to a confirmed scam verdict.
- Proof the complaints were planted. If the withdrawal reports turned out to be coordinated or fabricated, we would drop that part of the case.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
AMF France blacklist entry for www.fxnovus.com
France's regulator states this exact website is not authorised to offer financial services or investments.
FSCA financial services provider register (South Africa)
Enter FSP number 50963 to see the FXNOVUS (PTY) LTD record, its status and its approved product categories.
CySEC register entry for Peaksight Ltd, licence 440/23
Shows the sister company's licence and its only approved website, which is not fxnovus.com.
Trustpilot reviews of fxnovus.com
321 reviews, 2.2 out of 5, with the one-star reviews describing withdrawal problems.
Reviews.io page for www.fxnovus.com
A second review platform, 509 reviews averaging 1.5 out of 5.
FXNovus legal documents and client agreement
The broker's own policies, naming FXNOVUS (PTY) LTD, registration 2020/183344/07 and FSP licence 50963.
Frequently asked questions
Quick answers about this broker’s safety.
Is FXNovus a scam?
We rate FXNovus a likely scam. The French regulator AMF has blacklisted www.fxnovus.com as an unauthorised website, and clients on two separate review platforms describe money they could not withdraw. The company itself is real and does hold a South African licence, which is why we say likely rather than confirmed.
Is FXNovus regulated?
Partly. FXNOVUS (PTY) LTD holds FSCA licence FSP 50963 in South Africa, which we confirmed on the FSCA register. It is a Category I authorisation for advice and intermediary services. We found no authorisation on the record permitting the firm to act as counterparty to client CFD trades, which is what running its own trading platform involves.
Does FXNovus have a CySEC licence?
No. CySEC licence 440/23 belongs to Peaksight Ltd, a sister company licensed on 11 December 2023. CySEC's register lists www.peaksightltd.com as its approved website. fxnovus.com does not appear on that record, so the Cypriot licence and its investor compensation fund do not cover FXNovus clients.
Can I withdraw my money from FXNovus?
Some clients report normal service, but a sustained stream of reviewers from early 2025 through mid 2026 say they could not get funds out. One describes a settlement offer conditional on signing a full release before any payment. Assume withdrawal is difficult and document everything you do.
Is my money safe with FXNovus?
We would not treat it as safe. The licence it holds is an advice and intermediary authorisation, it excludes South African residents from its services, and there is no European licence covering its clients, so there is no compensation scheme behind your deposit.
Who owns FXNovus?
The operating company is FXNOVUS (PTY) LTD, registration number 2020/183344/07, registered in South Africa at 1 Casino Road, Founders Hill, Modderfontein Estate, Johannesburg. The brand is presented as part of a group that also includes Peaksight Ltd in Cyprus, Modmount Services and Newblock Trading. Individual owners are not published on the site.
How old is FXNovus?
The company was registered in South Africa in 2020, the FSCA licence was granted on 9 April 2021 and the fxnovus.com domain was created on 20 October 2021. That is roughly five years of operation, and the dates are consistent with each other.
What is an FSCA Category I licence worth to me as a client?
A Category I FAIS licence lets a firm give advice and act as an intermediary. It is not a licence to run a market-making or dealing book, and it carries no client compensation fund. Since FXNovus states it does not serve South African residents, the regulator that issued the licence has very few, if any, of its clients to protect.
Why is FXNovus on the AMF blacklist?
The AMF publishes a list of websites offering forex services in France without authorisation. www.fxnovus.com was added on 7 May 2025 in the Forex category. It means French residents were being offered services the firm has no European authorisation to provide.
Is FXNovus a clone of another broker?
No. We checked for a well-known firm being impersonated and found none. The brand, the legal entity, the company number, the registered address and the licence number all belong to the same operation, so the clone label does not fit this broker.
What should I do if I lost money with FXNovus?
Put a full withdrawal request in writing and keep every reply. Contact your bank or card issuer about a dispute or chargeback. Report the firm to your national financial regulator, and to the FSCA in South Africa quoting FSP 50963. Do not pay anyone who offers to recover your funds for an upfront fee.
What should I check before depositing with any broker?
Find the licence number, then search the regulator's own register for it and read the fine print: the exact company name, the status, and what the licence actually permits. Check that your own country is covered, look for warning-list entries naming the website, and read the one-star reviews for withdrawal complaints rather than the star average alone.
What we recommend
The practical takeaway from everything above.
Do not deposit money with FXNovus. If you already have funds there, act now rather than later.
- Stop depositing. Ignore any account manager who says more money is needed to recover a loss, to unlock a withdrawal, or to hit a deadline. That request is the pattern clients complain about most.
- Request a full withdrawal in writing. Email support@fxnovus.com, keep every reply, and take screenshots of your balance and trade history before anything changes.
- Be careful with settlement offers. At least one client reports being asked to sign a full release and drop complaints before receiving any payment. Take independent legal advice before signing anything like that.
- Complain to the regulator that actually covers you. South African clients and anyone dealing with FSP 50963 can complain to the FSCA. French residents should report to the AMF, which already lists this site. Clients elsewhere should file with their national financial regulator.
- Ask your bank or card issuer about a chargeback, and report card or transfer payments as disputed transactions with your evidence attached.
- Do not use fund-recovery services that approach you. Victims of brokers are routinely targeted a second time by people charging upfront fees to get money back.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 4, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.