What Account Types and Fees Does FXNovus Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Classic Account |
Beginners |
Zero commission, competitive spreads starting from 2.5 pips, access to 160+ CFDs |
Ideal for small-capital practice |
| Silver Account |
Advanced Beginners |
Zero commission, competitive spreads starting from 2.5 pips, access to 160+ CFDs |
Suitable for traders moving beyond basic strategies |
| Gold Account |
Intermediate Traders |
Zero commission, spreads starting from 1.8 pips, access to 160+ CFDs |
Designed for traders seeking more competitive conditions |
| Platinum Account |
Advanced Traders |
Zero commission, spreads starting from 1.4 pips, access to 160+ CFDs |
For those with refined trading skills |
| VIP Account |
Expert Traders |
Zero commission, spreads from 0.9 pips, access to 160+ CFDs |
Exclusive conditions for seasoned professionals |
Account Opening Process
To open an account with FXNovus, you will need to follow a structured process that involves several steps. First, you will need to submit your personal information, including your name, contact details, and date of birth. Next, you will provide employment information, which may include your occupation and employer details. Additionally, you will need to submit financial information to assess your trading experience and risk tolerance. Identity verification is an essential part of this process; you will be required to submit a valid ID and proof of address. FXNovus also offers flexibility in account management, allowing clients to upgrade to a professional account at a later stage if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 |
Tight spreads for major pairs |
| CFDs (Stocks) |
Varies |
$0 |
Commission-free trading |
| CFDs (Indices) |
Varies |
$0 |
Commission-free trading |
| CFDs (Commodities) |
Varies |
$0 |
Commission-free trading |
| Cryptocurrencies (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, FXNovus has several other costs to consider. There may be deposit and withdrawal fees depending on the payment method chosen. An inactivity fee may apply if an account remains dormant for an extended period. While there are no platform usage fees, traders should be aware of any overnight interest charges (swap rates) that may occur on their positions. Additionally, currency conversion fees may apply when trading in a currency different from the account base currency.
