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

Novox

Cyprus | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | Australia Appointed Representative(AR) Revoked | High potential risk

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Website

Rating Index

Influence

Influence

C

Influence index NO.1

Australia 4.11
Surpassed 15.50% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

info@novoxfx.com
--
Griffith company center room 305. box 1510 kingston street, beechmont. vincent and the grenadines.
https://www.facebook.com/NOVOX-Group-352837095367991
The WikiFX Score of this broker is reduced because of too many complaints!
Warning: Low score, please stay away!
2025-06-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
5

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
Novox Capital Limited
Customer Service Email Address
info@novoxfx.com
Company Website
--
Company address
Griffith company center room 305. box 1510 kingston street, beechmont. vincent and the grenadines.

FX2590068271

Unverified

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

2022-11-27

Đoàn Tiến Xklđ

Unverified

Vietnam

Request broker to allow make withdrawal to my account.

Exposure

2022-07-21

W123

Unverified

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

2022-07-19

孟祥帅

Unverified

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

2022-11-26

FX2077629417

Unverified

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

2022-07-18

Jirayut Konkompa

Unverified

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

2022-07-06

Đoàn Tiến Xklđ

Unverified

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

2022-06-09

Đoàn Tiến Xklđ

Unverified

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

2022-06-08

Đoàn Tiến Xklđ

Unverified

Vietnam

I have messaged on the website many times about the withdrawal support for 2 years, but no one to handle it

Exposure

2022-06-08

FX5179656533

Unverified

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

2022-05-18

FX5179656533

Unverified

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

2022-05-18

DevilUnited2

Unverified

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

2022-05-11

FX2077629417

Unverified

Vietnam

I made a withdrawal order for nearly 2 years but the exchange didn't approve it

Exposure

2022-04-14

Jau

Unverified

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

2022-02-25

ACDS

Unverified

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

2022-02-25

Jau

Unverified

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

2022-02-25

Unverified

Hong Kong

Cooperate with community that copying the order and cannot withdraw. The account information is closed and cannot log in. Fraud broker.

Exposure

2022-02-14

佳佳

Unverified

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

2022-02-06

a-99542

Unverified

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

2022-02-02

佳佳

Unverified

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

2022-01-27

佳佳

Unverified

Hong Kong

Keep copying the order and cooperate with this broker. Now, I cannot withdraw. Do not be deceived.

Exposure

2022-02-27

路在远方

Unverified

Hong Kong

The withdrawal of 4000USD has not arrived for half a year and they still promoting now.

Exposure

2021-12-20

欣欣向荣91482

Unverified

Hong Kong

I followed the order on Novox. The customer manager did not inform me that I have order in my position and liquidate my position after applying for dismiss. I lost over 2000 from 5000 principle. I ask for an explaination and it said to follow the order again. Deceiving customers.

Exposure

2021-12-03

137
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Total Margin Trend

VPS Region User Products Closing time
Seoul 935*** GBPUSD 06-16 11:14:38
HoChiMinh 583*** XAUUSD 06-16 11:02:34
Seoul 150*** EURJPY 06-16 10:21:16

Stop Out

1.40%

Stop Out Symbol Distribution

6 months

Sources
Language
Mkt. Analysis
Creatives

Website

novoxfx.com
47.57.6.146
Server Location
China
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
2018-04-05
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC

Genealogy

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Relevant Enterprises

NOVOX GROUP PTY LTD(Australia)
Active
Australia
Registration No. 632395487
Established 2019-03-20
Related sources Website Announcement

Company Summary

Note: NOVOX's official website: https://www.novoxfx.eu/ is currently inaccessible normally.

NOVOX Review Summary
Founded2014
Registered Country/RegionCyprus
RegulationASIC (Revoked)
Market InstrumentsForex, commodities, indices, cryptocurrencies, stocks
Demo Account
LeverageUp to 1:30
SpreadFrom 2.4 pips (Standard Account)
Trading PlatformMT4
Minimum Deposit$200
Customer SupportTel: +357 25 267 880
Email: info@novoxfx.com
Facebook: https://www.facebook.com/NOVOX-Group-352837095367991
Instagram: https://www.instagram.com/novoxglobal/
Regional Restrictionsthe 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 optionsRegional restrictions
Demo accountsRevoked ASIC license
Various trading productsInaccessible website
MT4 platformHigh minimum deposit requirement

Is NOVOX Legit?

NOVOX's Australia Securities & Investment Commission (ASIC) license is revoked. Please be aware of the risks!

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
AustraliaASICRevokedNOVOX GROUP PTY LTDAppointed Representative001274982
license

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 TypeMinimum 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 AssetMaximum Leverage
FX1:30
CFDs1:20

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

NOVOX Fees

Account TypeSpreadCommission
StandardFrom 2.4 pips0
XeroFrom 0.0 pips$5.5
Premium$4

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4PC, web, mobileBeginners
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

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