Warning: Is FXNovus a Scam?

Unregulated

FXNovus (fxnovus.com) has been flagged as a potential scam broker. It lacks regulation from major authorities.

Review: FXNovus (fxnovus.com)

We analyzed FXNovus (fxnovus.com) and discovered disturbing issues.

We found that the company name is FXNovus (PTY) LTD, it is located at Kremmastis Rodou 62, 1st Floor, Flat/Office 101, Episkopi, 4620, Limassol, Cyprus, the phone number is '+441512655514, and the support email is support@fxnovus.com.

FXNovus presents itself as a investment provider, but it is not authorized by any top-tier financial regulator.

Victim of FXNovus?

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Regulatory Check: FXNovus

FXNovus runs without supervision.

Trading with unlicensed firms is highly risky. Trusted firms are must be authorized with bodies like the SEC, ASIC, or FCA for your protection.

FXNovus operates without this supervision. As a result, there is no legal recourse if they withhold your funds. Many online scams involve unlicensed entities, and recovering funds from them is hard without expert help.

For instance, in the UK, unauthorized firms are not covered by the compensation schemes. In the US, they are not part of SIPC, so your capital is completely exposed.

Common Scam Tactics

Online trading fraud is evolving. Fraudsters use manipulation to take wealth. Here are typical tactics used by brokers like FXNovus (fxnovus.com).

Pig Butchering & Romance Scams

"Pig Butchering" is a cruel method where scammers groom victims over weeks. They fake a friendship on social media. Once trust is built, they introduce a secret crypto opportunity. It's a trap to get you onto a fake platform .

The "Bonus" Trap

Fraudsters create websites that look exactly like legit trading apps. They have charts and balances that go up. But it is a game. The broker manipulates the numbers to make you feel rich so you invest more. If you ask for a payout, the "profits" are gone.

Other Warning Signs

  • Unsolicited Contact: You get calls from "brokers" out of the blue.
  • Unregulated: The firm lacks authorization.
  • High Returns: They guarantee 1% daily returns with no risk.
  • Cannot Withdraw: They refuse withdrawals. They demand "tax fees" first.
  • Aggressive Sales: "Account managers" push you to invest bigger amounts.

Do not trust positive ratings. Scammers often write their own 5-star reviews to look legitimate.

Verdict

We do not recommend FXNovus. It appears to be a scam. Protect your money and find a licensed broker. Avoid fxnovus.com at all costs.