FXNovus

FXNovus ( https://fxnovus.com) falsely claims to be regulated, but in reality, lacks any license. Numerous user complaints have surfaced regarding withdrawal failures, backend manipulation, and false advertising. This article comprehensively analyzes FXNovus's high-risk characteristics and fraudulent tactics to help investors identify potential pitfalls.

1. Platform Overview and Basic Information

II. Supervision and Compliance Verification: Verification of No Authentic License + Falsification of Compliance Information

FXNovus claims to be “regulated by international financial regulators,” but an in-depth investigation revealed serious problems:

1. No authorization from any major regulatory bodies : FXNovus has no record of a license in the databases of regulatory bodies such as the FCA (UK), ASIC (Australia), CySEC (Cyprus), and NFA (US).

2. Misuse of regulatory logos : FXNovus’s official website displays the logos of multiple regulatory bodies, but none of them can be matched to corresponding license numbers, indicating a false compliance operation.

3. The registered address cannot be verified : the company claims to be located in SVG (Saint Vincent and the Grenadines), but the local FSA Financial Services Authority has no record of the company.

⚠️Expert Comment : FXNovus is a typical "platform disguised as legitimate" that deceives investors by using false regulatory logos and fabricating registration information. In reality, it is not subject to any regulatory constraints and the safety of funds is completely unprotected.

3. Analysis of Typical Scam Patterns

1. Withdrawal is blocked: funds are frozen and a second fee is charged

Numerous users have complained that their withdrawal requests to FXNovus were repeatedly rejected, with common excuses including:

• "The account is suspected of money laundering and requires additional verification fees"

• “20% tax is required before withdrawal”

• "The platform requires a deposit for unlocking"

These behaviors are all secondary fraud routines - the platform continues to squeeze more funds from investors under the guise of "legality and compliance".

2. False advertising and misleading marketing

FXNovus uses extensive false advertising, such as:

• “Authorized by the world’s top regulatory bodies”

• "Annualized rate of return up to 40%"

• "Zero-risk intelligent trading system"

Such content lacks any factual basis and violates financial advertising regulations in most countries.

3. Backstage manipulation and margin call traps

Users reported that FXNovus’ trading backend had “black box operations”:

• The market price is delayed or deliberately deviated, resulting in forced liquidation

• Profitable orders are modified to losses

• Transaction history has been tampered with and fund flows are opaque

These phenomena are exactly the same as the typical "black platform backend manipulation".

4. User Complaints and Real Cases

📍 Investor feedback on various independent platforms (e.g., Trustpilot, ForexPeaceArmy, Reddit):

• ❌ “Withdrawal has not been received for three months, and customer service refuses to respond”

• ❌ “I still can’t withdraw money even after paying so-called ‘taxes and fees’”

• ❌ “The account was forcibly closed after making a profit and the backend cannot be accessed”

Most victims lost between $5,000 and $30,000 USD , with some investors even reporting losses exceeding $100,000 through “continuous follow-up scams.”

V. Expert Risk Rating (10-point scale)

Conclusion : FXNovus is completely unregulated and carries high-risk practices, including withdrawal blockages, backend manipulation, and false advertising. It is a typical scam. Investors should stay away and avoid any deposits.

6. Investor Fraud Prevention Tips

1. Do not continue to deposit funds and stop all trading operations immediately.

2. Save all transaction records and communication evidence , including emails, chat logs, and transfer receipts.

3. Report it to the regulator (FCA, ASIC, CySEC, NFA, etc.) and try to freeze the payment channel.

4. Don't pay any extra fees like "taxes" or "unlocking fees," as these are secondary scams.

5. When investing in the future , be sure to verify the company’s license and registered address on the official regulatory website.

7. Frequently Asked Questions (FAQ)

Q1: Is FXNovus regulated?
A: No. The platform has not obtained any financial regulatory licenses, and all regulatory statements are false.

Q2: Why can’t I withdraw cash?
A: The platform often refuses withdrawals on the grounds of "taxes and fees", "anti-money laundering verification" and "account compliance", which is actually a secondary fraud method.

Q3: Is the platform legal?
A: It is illegal. FXNovus does not have a regulatory license nor is it registered with any financial regulator.

Q4: How to recover funds?
A: Immediately contact the payment channel to freeze the funds and submit evidence to the local financial regulatory authorities and police.