Rating Index
Pros
Multiple account types and trading instruments available.
High leverage of up to 1:400, allowing for larger trading positions.
Responsive customer support with multilingual options.
Cons
Regulatory status is questionable, with licenses either revoked or no longer authorized.
High spreads, which may not be competitive compared to other brokers.
Negative user reviews regarding withdrawal issues and customer service responsiveness.
NOVOX broker Accounts
Novox Account Type
Novox offers several account types to cater to different trading needs and strategies. The available account types include:
- Standard Account:
- Minimum Deposit: $500
- Maximum Leverage: 1:400
- Commission: $0
- Spread Type: Variable spread
- Trading Instruments: Forex, commodities, indices, cryptocurrencies, and stocks.
- Zero Account:
- Minimum Deposit: $5,000
- Maximum Leverage: 1:400
- Commission: $7 per lot
- Spread Type: Variable spread
- Trading Instruments: Forex, commodities, indices, cryptocurrencies, and stocks.
- MT5 Standard Account:
- Minimum Deposit: $500
- Maximum Leverage: 1:400
- Commission: $0
- Spread Type: Variable spread
- Trading Instruments: Forex, commodities, indices, cryptocurrencies, and stocks.
- MT5 Zero Account:
- Minimum Deposit: $5,000
- Maximum Leverage: 1:400
- Commission: $7 per lot
- Spread Type: Variable spread
- Trading Instruments: Forex, commodities, indices, cryptocurrencies, and stocks.
- Visit the Website: Go to [Novox's official website](https://www.novo xfx.com/).
- Choose Account Type: Select the account type that suits your trading needs (e.g., Standard, Zero, MT5 Standard, or MT5 Zero).
- Fill Out Application: Complete the online application form with personal details, including name, email, phone number, and address.
- Submit Identification: Provide necessary identification documents, such as a government-issued ID and proof of address.
- Make Initial Deposit: Fund your account with the minimum deposit amount required for the chosen account type.
- Account Verification: Wait for the account to be verified, which may take a few hours to a couple of days.
- Start Trading: Once your account is verified, you can log in to the trading platform and start trading.
Novox Broker Account Opening Process
Opening an account with Novox is a straightforward process. Here are the steps to follow:
By following these steps, you can successfully open an account with Novox and begin your trading journey.
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