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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Novox

Cyprus|5-10 years|
Regulated in Australia|Suspicious Regulatory License|MT4/5 full license|Regional Brokers|Australia Appointed Representative(AR) Revoked|High potential risk|

https://www.novoxfx.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

NovoxGlobal-DEMO

Hong Kong
MT4
3

Influence

C

Influence index NO.1

Australia 4.11
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
NovoxGlobal-DEMO MT4
Server Location Hong Kong

Influence

Influence

C

Influence index NO.1

Australia 4.11

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

info@novoxfx.com
https://www.novoxfx.com/en/
Griffith company center room 305. box 1510 kingston street, beechmont. vincent and the grenadines.
https://www.facebook.com/NOVOX-Group-352837095367991

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
Novox
Blackwell Global
Kraken

Broker Information

More

Company Name

Novox Capital Limited

Company Abbreviation

Novox

Platform registered country and region

Cyprus

Company website
Facebook
Instagram
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-02-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 128 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Expose

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • London
    • 840***
    • ETHEREUM
    • 02-24 05:18:56
    • silicon valley
    • 686***
    • ETHEREUM
    • 02-24 03:39:03
    • Taipei
    • 528***
    • ETHEREUM
    • 02-24 08:46:40

    Stop Out

    1.13%

    Stop Out Symbol Distribution

    6 months

    Sources

    Novox · Company Summary

    General Information & Regulation

    Novox Capital LTD is registered in Cyprus – with company registration number 292182. NOVOX brand is authorized and regulated in various jurisdictions. For example, Novox Capital Limited (www.novoxfx.eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 224/14. NOVOX brand does not provide services to residents of the USA, Yemen, Syria, North Korea, Puerto Rico.

    Market Instruments

    This broker offers investors six main categories of tradable instruments: Forex, Commodities, Futures, Cryptocurrencies, Indices, and Stocks.

    Minimum Deposit

    Novox offers four account types to meet different clients' investment needs and strategies, mainly MT4 Standard and MT4 Zero accounts, and MT5 Standard and MT5 Zero accounts. The minimum deposit for a Standard account is $500 and for a Zero account is $5,000. All accounts have constant leverage of 1:400.

    image.png

    Novox Leverage

    Trading leverage vary depending on instruments traded. Novox, as a Cyprus based broker, offers the maximum leverage up to 1:30 for forex trading, 1:20 for CFD trading.

    Spreads & Commissions

    In terms of spreads and commissions, the Min.Spread for the standard account is around 2.4 pips, with no commissons on forex trading; the Min. spread for the Xero account from 0.0 pips, with a commission of $5.5 per side; the Min. Spread for the Premium account from 0.0 pips, with a commission of $4 per lot.

    Trading Platforms

    Novox offers users the Novox MT4 and Novox MT5 trading platforms, both of which offer a wealth of opportunities for traders of all skill levels, advanced analytics, flexible trading systems, algorithmic trading, and expert advisors, as well as mobile trading applications. Over a hundred instruments can be traded on the MT4 platform, including Forex, CFDs, and Futures, with full EA functionality for one-click trading, technical analysis tools with 50 indicators and charting tools, 3 chart types, allowing hedging trading mode. MT5 has all the features of MT4; besides, it has more than 80 technical analysis objects, the latest quotes for market depth.

    Trading Tools

    Apart from the various built-in tools of the MT4 and MT5 trading platforms, traders are provided with some standalone trading tools to help them get the best out of their trades. These tools include some social trading tools, an economic calendar, and more.

    Deposit & Withdrawal

    Novox offers its clients a wide selection of payment options for its clients to make a deposit and withdrawal. These payment options incudes COINPAY, UnionPay, VISA, MasterCard, Skrill, Neteller, PoLi, Bitwallet, NLV, PayTrust, Bank Wire.

    Customer Support

    Novox provides traders with a knowledgeable customer support team who can be contacted via any of the following contact channels: telephone, email, Live Chat, and social media.

    Educational Resources

    As for educational resources offered by this brokerage, Trading Guide and Q&A make up its major educational resource section. Besides, Forex News section is also available for traders to get an idea of what happen in the forex industry.

    User Reviews

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    User comment

    4

    Comments

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    孟鈺晨
    more than one year
    The number of complaints against this so-called ASIC-regulated broker on wikifx has reached a staggering 136... The company's website is no longer open. It's really scary, and we should be cautious and cautious when choosing foreign exchange dealers.
    2022-12-14 10:12
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    0
    0
    周建芳
    more than one year
    The worst platform you can imagine!! It is declared registered in cyprus with reliable licenses but all these are lies to cheat your money. You can also see on this website that there are still many victims. Never invest in novox.
    2022-11-28 17:49
    Reply
    0
    0
    FX1057653623
    more than one year
    Don't be fooled by the good reviews online, I had a terrible trading experience with them. It is impossible to withdraw money at all, and the speed of customer service replying to messages is also extremely slow. If there were zero stars, I would give it!
    2022-11-27 12:40
    Reply
    0
    0
    孟祥帅
    more than one year
    Trading Novox is a pleasant experience. It takes little time to deposit money or withdraw money, professional and responsible trading customer support can be available anytime Get lucky like I am and make some profits while you're here on this platform.
    2022-11-26 10:49
    Reply
    0
    0
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