Global Broker Regulation Inquiry App
WikiFX
Karoline Hardy 
1-2 years
Does NOVOX have any cons?
Broker Issues
Regulation
2025-08-05
United States
WikiFX
Reply
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.
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