The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
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 2021.09.18 updated
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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.
This broker offers investors six main categories of tradable instruments: Forex, Commodities, Futures, Cryptocurrencies, Indices, and Stocks.
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.
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.
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.
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
The company provides users with various convenient and efficient channels to deposit and withdraw funds, as shown in the following table.
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.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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