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Formal Complaint – Loss of $5,250 with FXNovus Due to Mismanagement
Hisham Alshaikhli
Qatar Sep 01, 2025
Related Broker:
FXNovus
Regulators: FSCA
Claims: Compensation for Trading Losses
Amount: $5,250
Progress: Replied
BrokersView BrokersView leaves a reply
Sep 02, 2025
Dear Hisham Alshaikhli,
We have conveyed your complaint to FXNovus. If any response, we will immediately inform you.
Could you please provide some proofs to support your complaint? including account number, deposit, trading and chat history with this broker. You may add proofs in your complaint.
We are looking forward to hearing from you.
Best regards
BrokersView Team
service@brokersview.com
Hisham Alshaikhli File a Complaint
Sep 01, 2025
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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