Score
Novox
--
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Contact
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
Account
- Environment--
- Currency--
- Maximum Leverage1:400
- SupportedEA
- Minimum Deposit$20
- Minimum Spread1.0
- Depositing Method--
- Withdrawal Method--
- Minimum Position0.01
- Commission--
- Products--
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STARTRADER
Total Margin Trend
| VPS Region | User | Products | Closing time |
|---|---|---|---|
Seoul | 799*** | ETHEREUM | 11-01 05:32:52 |
Hongkong | 488*** | XAUUSD | 10-31 20:59:20 |
| 408*** | XAUUSD | 10-31 20:00:01 |
Stop Out
1.84%
Stop Out Symbol Distribution
6 months
Sources
Language
Mkt. Analysis
Creatives
Genealogy
Relevant Enterprises
Company Summary
Note: NOVOX's official website: https://www.novoxfx.eu/ is currently inaccessible normally.
| NOVOX Review Summary | |
| Founded | 2014 |
| Registered Country/Region | Cyprus |
| Regulation | ASIC (Revoked) |
| Market Instruments | Forex, commodities, indices, cryptocurrencies, stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:30 |
| Spread | From 2.4 pips (Standard Account) |
| Trading Platform | MT4 |
| Minimum Deposit | $200 |
| Customer Support | Tel: +357 25 267 880 |
| Email: info@novoxfx.com | |
| Facebook: https://www.facebook.com/NOVOX-Group-352837095367991 | |
| Instagram: https://www.instagram.com/novoxglobal/ | |
| Regional Restrictions | the USA, Yemen, Syria, North Korea, Puerto Rico |
NOVOX Information
NOVOX is a regulated broker, offering a wide range of financial instrument categories, including forex, commodities, indices, cryptocurrencies, and stocks with leverage up to 1:30 and spread from 0.0 pips on the MT4 platform. The minimum deposit requirement is $200.
Pros and Cons
| Pros | Cons |
| Popular payment options | Regional restrictions |
| Demo accounts | Revoked ASIC license |
| Various trading products | Inaccessible website |
| MT4 platform | High minimum deposit requirement |
Is NOVOX Legit?
NOVOX's Australia Securities & Investment Commission (ASIC) license is revoked. Please be aware of the risks!
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
| Australia | ASIC | Revoked | NOVOX GROUP PTY LTD | Appointed Representative | 001274982 |

What Can I Trade on NOVOX?
Novox offers investor trading instruments including forex, commodities, indices, cryptocurrencies, and stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Options | ❌ |
Account Type
Here are three account options offered by Novox: Standard account, Xero account, andPremium account. Besides, demo accounts are also available, which enables traders to monitor exicution before opening a live account.
| Account Type | Minimum Deposit |
| Standard | $200 |
| Xero | $25,000 |
| Premium | $50,000 |
Leverage
The leverage offered to the customers is the same for all account types on FX, up to 1:30 and on CFDs up to 1:20.
| Trading Asset | Maximum Leverage |
| FX | 1:30 |
| CFDs | 1:20 |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.
NOVOX Fees
| Account Type | Spread | Commission |
| Standard | From 2.4 pips | 0 |
| Xero | From 0.0 pips | $5.5 |
| Premium | $4 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Novox accepts payments via COINPAY, U-PAYMENT, UnionPay, Visa, MasterCard, Skrill, Neteller, POLi, Bitwallet, NLV and bank wire.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Australia Appointed Representative(AR) Revoked
- High potential risk
Wiki Q&A
Does NOVOX have any cons?
The major cons for me include the revoked ASIC license, which poses significant risks, and regional restrictions that limit access to certain markets like the USA, North Korea, and others. Moreover, their website is reportedly inaccessible at times, which is frustrating for a trader who needs constant access to their account. The high minimum deposit requirement for some accounts is also a downside.
Is NOVOX a legit broker?
While NOVOX was once regulated by ASIC, the revocation of their license raises serious concerns about its legitimacy. For me, as a trader, a revoked license implies that the broker may not meet the necessary regulatory standards, which compromises both safety and reliability. I wouldn’t consider NOVOX fully legitimate without active regulation.
What is the spread of NOVOX?
The Standard account offers a spread from 2.4 pips on major currency pairs, which is quite high compared to some other brokers. However, the Xero and Premium accounts offer much tighter spreads, starting from 0.0 pips. The commission structure on these accounts helps offset the lower spreads.
What withdrawal methods does NOVOX support?
NOVOX supports a variety of withdrawal methods, including COINPAY, U-PAYMENT, UnionPay, Visa, MasterCard, Skrill, Neteller, POLi, Bitwallet, and bank wire. With such a wide range of options, I think most traders will find a method that suits their preferences.
User Reviews 137
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FX2590068271
Hong Kong
NOVOX blocked my account and refused to withdraw funds on the grounds of illegal transactions, because my account was profitable, and the profit was not allowed to withdraw funds. It has been two months since September. My account number is 620359, and the balance is 18522.90 USD. I want to unblock the account immediately and withdraw the full amount!
Exposure
Đoàn Tiến Xklđ
Vietnam
Request broker to allow make withdrawal to my account.
Exposure
W123
Singapore
The account cannot be logged in. It has not been able to log in for a long time. The customer service said that the re-application will be bound and returned together. The application has not been returned to the old account, and the old account still cannot be logged in.
Exposure
孟祥帅
Taiwan
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.
Positive
FX2077629417
Vietnam
I made a withdrawal order in 2021 from H, the money k was returned to the exchange to lock my account and delete my account information
Exposure
Jirayut Konkompa
Thailand
The person who was deceived was cheated from pirated web bootleg broker In a manner similar to what I was hit There are people who add line to invite you to trade and invest. and then withdrawing money is not claimed to pay taxes, etc. please contact me will collect as many victims as possible. To bring a lawsuit back to these pirated sites ID:Line frame_37
Exposure
Đoàn Tiến Xklđ
Vietnam
My account has been trading at novox for 2 years now and there is no support to withdraw money, and I ask the exchange to let me withdraw
Exposure
Đoàn Tiến Xklđ
Vietnam
I have been trading at the exchange for more than 2 years without withdrawing money, I hope someone will contact the exchange to handle it for me.
Exposure
Đoàn Tiến Xklđ
Vietnam
I have messaged on the website many times about the withdrawal support for 2 years, but no one to handle it
Exposure
FX5179656533
Hong Kong
On April 18th, I deposited and traded of the index and I was lucky enough to earn 2,000 US dollars. When I submitted the withdrawal, I refused to withdraw on the grounds of monitoring the back-end and threatened me to send an email to admit that I violated the rules before giving the principal and also paying Part of the principal has been deducted. If it is said that the background monitoring is used, why is it not monitored for a month, but it is monitored when the money is withdrawn? What is this monitoring to monitor the profit and loss of customers? And it is a b position, so I choose to bet Don't be fooled. The staff in the background are unprofessional and can't give a professional explanation at all, especially the woman surnamed Wang originally had a Skype group chat as a connection to the group and removed me from group chat after the incident.
Exposure
FX5179656533
Hong Kong
On April 18th, I deposited and traded for a month to make an index. I had a good luck and earned a lot of money. I submitted a withdrawal on the grounds of making an order. I deducted all the funds and threatened to have an email to admit that I violated the rules. When the gold was withdrawn, it said that the back-end monitored illegal transactions, then I did not monitor it for a month, but it was monitored when the gold was withdrawn. This is to monitor the profit and loss, and the back-end staff are particularly unprofessional. If you ask, you can't give a professional Before the sex explanation, there was a Skype group connection problem, and I was immediately removed from the group chat. It's a platform run by a group of rogues, especially the woman surnamed Wang is their backstage person
Exposure
DevilUnited2
Malaysia
they take 1 night to lose all my money up to USD 40k, just one night time after the next days i open the account my account burn!
Exposure
FX2077629417
Vietnam
I made a withdrawal order for nearly 2 years but the exchange didn't approve it
Exposure
Jau
Australia
In February, 2022, the customer service manager said that the technical side required all pamm copying accounts to be merged into one main account and required to re-fill the agreement. After re-filling, there were many unreasonable positions in the account, which eventually led to the liquidation of positions. I communicated with other people in the industry that it is illegal to operate and merge funds. I demand Novox to address it.
Exposure
ACDS
Hong Kong
Unable to withdraw! Severe slippage. Cancelled the copied orders and forcily liquidate the position. Deceived customers. Denied the compensation. The account information is closed and cannot log in.
Exposure
Jau
Australia
On February 22, 2022, the customer service manager said that the technical side required all pamm copying accounts to be merged into one main account and required to re-fill the agreement. After re-filling, there were many unreasonable positions in the account, which eventually led to the liquidation of positions.
Exposure
鹏
Hong Kong
Cooperate with community that copying the order and cannot withdraw. The account information is closed and cannot log in. Fraud broker.
Exposure
佳佳
Hong Kong
It keeps saying that the password is wrong. After changing it from the mailbox, I still can't log in. I still have 20,000 US dollars. They have ran away.
Exposure
a-99542
Hong Kong
Participated for a month and a half, and invested more than 10,000 US dollars. I encountered many smashed orders and set a stop loss. The platform was unstable and directly exceeded the stop loss point. The analyst explained that the smashing speed was too fast, so the loss value is burden by the customer? Is this platform so unstable? At present, there is only 2,000 US dollars left, and there is no point in operating it.
Exposure
佳佳
Hong Kong
Unable to withdraw. Keep copying the order at Weizhi. Now, I cannot log in. It has been two years. Why Novox can have a high score like this? I trusted Novox at that time and Weizhi has been arrested now.
Exposure