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Formal Complaint – Loss of $5,250 with FXNovus Due to Mismanagement
Hisham Alshaikhli
Qatar
Sep 01, 2025

Amount $5,250

Replied
CONTENT I am filing this public complaint regarding my experience with FXNovus. I deposited $5,250, and the account manager assigned by FXNovus instructed me on every trade I should open. Following these directions resulted in the complete loss of my capital. Afterward, I was pressured to deposit additional funds with the promise of a “bonus” to recover losses. I refused, because such practices are unethical and show a clear conflict of interest. This experience raises serious concerns about: Mismanagement of client funds Pressure tactics to deposit more money after losses Potential violation of fiduciary duty and fair trading standards Unless this matter is resolved promptly through a fair settlement and compensation, I will: 1. Submit formal complaints to regulators (FSCA and international watchdogs). 2. Escalate through my bank/payment provider for a dispute and chargeback. 3. Publish detailed accounts of my experience across multiple consumer protection platforms and forums. I invite FXNovus to contact me directly and resolve this matter amicably before I pursue these actions further.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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