Risk Management Index
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
License Type:Market Making(MM)
Regulated in Country/AreaCyprus
Regulatory License No.：224/14
Email Address of Licensed Institution :email@example.com
License Type:Regulatory Sharing NOVOX
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Griva Digeni 105, Office 202, Limassol 3101
Phone Number of Licensed Institution :+357 25 267 880
Most visited countries/areas
The data are from WIKI Research 2021.08.05 updated
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Novox was founded in 2014 and developed into a leader in the field of Contracts for Difference (CFDs), obtaining licenses from the Cyprus Securities and Exchange Commission (CySEC) and 15 other EU countries, acquiring Novox Capital. 2015 saw the award for the Fastest Growing CFD Broker across Europe, and in 2016 the operations center in Asia grew rapidly, with a team of 200 employees. In 2018, the broker successfully launched the MT5 trading platform, allowing iOS and Android users to trade online and reference stocks to its trading portfolio. In 2020, it kept introducing cutting-edge technology, launching innovative solutions for more than 10 countries and regions, allowing clients worldwide to join the market immediately.
Safety Analysis of Novox
Novox is regulated in 15 countries and regions worldwide, including a global tier-one regulator - the UK Financial Conduct Authority (FCA). The firm also offers clients negative balance protection, ensuring that they do not lose more than their account's principal amount.
This broker offers investors six main categories of tradable instruments: Forex, Commodities, Futures, Cryptocurrencies, Indices, and Stocks.
Leverage & Account
The company has 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.
Spreads & Commission Fees of Novox
Spreads are 1.1 pips for MT4 Standard accounts and 0 for MT4 Zero accounts, 1.1 pips for MT5 Standard accounts, and 0 for Zero accounts. Under certain market conditions, the company may require clients to pay swap fees in situations where swap fees would normally be charged. Novox applies swaps daily at midnight EST MT4 server time and three daily swaps on Wednesdays (midnight EST) for the applicable currency pair. Swap fees are calculated in the base currency of the user's account. Swap fees are incurred when a position remains open and is credited or debited from the trader's account when it is closed.
Trading Platform Applied of Novox
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.
Deposit & Withdrawal
The company provides users with various convenient and efficient channels to deposit and withdraw funds, as shown in the following table.
|Deposit & Withdrawal|
|Methods||Currencies Accepted||Deposit Time||Withdrawal Time|
|COINPAY||CHN||0-30 Min.||1 Working day|
|U-PAYMENT||CHN||0-30 Min.||1 Working day|
|UNIONPAY||CHN||0-30 Min.||1 Working day|
|VISA/MASTERCARD||USD/EUR/GBP/AUD||0-30 Min.||1 Working day|
|Skrill/NETELLER||USD/EUR/GBP/AUD||1 Working day||1 Working day|
|Bitwallet||JPY||0-30 Min.||1 Working day|
|PayTrust||VND/THB/MTR/IDR||0-30 Min.||1-2 Workingday|
|NLV||VND||0-30 Min.||1 Working day|
|BANKWIRE||USD/HKD/EUR/AUD/GBP||1-2 Workingday||1-2 Workingday|
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