Nova Securities Ltd

Nova Securities Ltd is a Cyprus-registered investment firm operating under the official domain nova-securities.com. According to the public register of the Cyprus Securities and Exchange Commission (CySEC), the firm was previously known as Banxso Ltd and XF Services Ltd, and holds a CIF licence numbered 413/22, authorised in Cyprus. The company registration number is HE 415244, with a registration date of 14 November 2020 per the Cyprus company registry.

Our review found that Nova Securities positions itself as a provider of brokerage and custody services to institutional clients and high net worth individuals, rather than as a retail forex or CFD broker. The firm's own website describes a focus on exchange-traded products and OTC fixed income securities, with access to major bourses and market makers. This distinguishes it from the typical retail-facing trading platforms that dominate the online broker space.

Nova Securities is regulated by the Cyprus Securities and Exchange Commission under a CIF licence with number 413/22, with status authorised. The licence covers the reception and transmission of orders, execution of orders on behalf of clients, and ancillary services such as safekeeping and administration of financial instruments, foreign exchange services connected to investment services, and granting credits or loans related to financial instruments.

We cross-checked the licence against the public CySEC register, which lists the firm as Nova Securities Ltd (ex Banxso Ltd) (ex XF Services Ltd). The licence number is not published in our internal records beyond what is stated here, but the official website and the regulator's entity page confirm the authorisation. The firm's company registration number, HE 415244, appears in the Cyprus company registry, with an active status.

According to its website, Nova Securities offers tailored financial services to institutional clients and high net worth individuals, with a focus on long-term investment returns. The firm's brokerage services cover exchange-traded products and OTC fixed income securities, providing access to major exchanges and market makers at competitive prices.

The firm states it is licensed to provide reception and transmission of orders and execution of orders on behalf of clients, along with ancillary services including safekeeping and custody of financial instruments. This service profile suggests a B2B or high-net-worth orientation rather than a retail trading offering, with no mention of standard retail account types, trading platforms, or leverage on the official site.

The company was registered in Cyprus on 14 November 2020, according to the i-Cyprus company registry, with the registration number HE 415244. The registry lists active directors including Dimitris Vasileiou, Georgios Pavlidis, Konstantinos Pavlidis, and Piter Rotzer, though appointment dates are not fully disclosed in public records.

CySEC's register shows that the firm has undergone name changes, previously operating as Banxso Ltd and XF Services Ltd. This history is notable for traders and counterparties, as a change of name and corporate identity can sometimes signal restructuring or rebranding, though it is not inherently negative. The firm's registered office is at Steliou Masini 2, Office 102, Dali, 2548, Nicosia, Cyprus.

Nova Securities lists contact details on its website, including phone numbers +357 22 820 020 and +357 22 820 060, and email info@nova-securities.com. The firm mentions separate office hours for an EU desk and a US desk, suggesting an international client base.

As of our review, the firm's website is operational, but we found no verifiable social media presence or independent user reviews. This limited public footprint is common for institutional-focused firms, but it also means that independent verification of the firm's operations and reputation is more difficult for retail traders who might encounter the name.

In FXCanary's assessment, Nova Securities holds a valid CySEC licence, which provides a baseline of regulatory oversight. However, our risk score of 34/100 (Guarded) reflects a flag for 'No verifiable website or social-media presence' — a caution for anyone considering doing business with the firm.

We note that the firm's target clientele appears to be institutional and high net worth, not retail traders. For a retail investor, the absence of a clear retail offering, combined with the limited independent information available, means that due diligence is essential. We recommend verifying the licence directly with CySEC and understanding the firm's specific services before engaging.