Review summary
FX-NOVEL is a financial entity established 5-10 years ago and registered in the United States. The broker's operational history places it within an intermediate business lifecycle. According to WikiFX data, FX-NOVEL holds no valid regulatory licenses for forex trading from any recognized global authority, resulting in a low overall WikiFX Score of 1.50. This unregulated status, coupled with the entity's own declaration of a 'Suspicious Scope of Business,' necessitates a high degree of due diligence from prospective clients. The broker offers several account types, including STANDARD, MAM, and PAMM, with entry conditions starting at 10,000 JPY and maximum leverage up to 200:1, but these conditions are offered without the protective framework of authoritative oversight. In summary, FX-NOVEL operates as an unregulated entity, presenting significant credibility and financial protection challenges for traders. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-24)
