FSCASouth AfricaTier 2Licence number
50963
View licence record- Licence holder
- Held by FXNovus
- Licence type and regime
- Financial Service Corporate
- Offshore
Found on registerChecked
At a glance
Regulation on record for FXNovus
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 2
- Issuing authorities
- 2
- From tier-1 or tier-2 authorities
- 2
- Found on an official register
- 2
FXNovus has 2 licences on record with Wikilix, issued by 2 authorities across 2 jurisdictions. 2 of them were issued by tier-1 or tier-2 authorities — the regimes with the strictest capital, reporting and client-money rules. We located 2 of 2 on the issuing authority’s own register.
One licence comes from an authority classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for FXNovus, strongest authority first.
2 records
- FSCASouth AfricaTier 2
CySECCyprusTier 2Licence number
440/23
View licence record- Licence holder
- Held by FXNovus
Found on registerChecked
Check it yourself
Look these up on the official registers
Each authority below publishes a register you can search. The name a register prints is often a separate legal entity, not the trading brand — search for the name given here.
- FSCA registerOpen register
- CySEC registerOpen register
Protection
What this licence protects
FSCA's own rules for the firms it authorises.
- Compensation schemeUp to ZAR 500,000
- Complaints routeFSCA Dispute Resolution
- Maximum leverage1:30
Frequently Asked Questions
Questions about the licences held by FXNovus
Answered from the register entries on this page.
Most Popular Questions
FXNovus provides customer support via email at support@FXNovus.com and offers live chat during business hours. They also maintain social media channels including Facebook, Twitter, LinkedIn, Instagram, and YouTube for additional contact and updates.
According to WIKILIX data, FXNovus offers a maximum leverage of up to 400:1. This leverage level allows traders to control larger positions but also increases risk.
The minimum deposit amount to open an account with FXNovus is 250 USD. This applies across various funding methods including credit cards, bank transfers, e-wallets, and cryptocurrency.
FXNovus supports deposits and withdrawals via credit/debit cards, bank wire transfers, e-wallets, cryptocurrency, and local payment methods. Deposits are usually instant, while withdrawals can take 8-10 business days and may incur fixed fees depending on the method. Account verification and AML/KYC compliance are required.
FXNovus is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and the Cyprus Securities and Exchange Commission (CySEC). These regulators provide oversight and client fund insurance up to ZAR 500,000 and €20,000 respectively. However, WIKILIX classifies FXNovus as a suspicious clone, so users should exercise caution.
FXNovus has 2 licence records with Wikilix, issued by 2 authorities across 2 jurisdictions. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
FXNovus holds licence records issued by FSCA, CySEC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
2 of the licence records held by FXNovus come from tier-1 or tier-2 authorities (0 tier-1, 2 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
We located 2 of the 2 licence records held by FXNovus on the issuing authority’s own register. Every entry has been looked up. An unchecked entry is a gap in our coverage, not a finding against the licence.
FXNovus has licence records in South Africa, Cyprus. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.