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SCMN Regulated 
NOZAX Company
NOZAX Company Overview
Founding Date and Background
NOZAX was founded in 2022 as a multi-asset neo-broker, offering a modern approach to trading in various financial markets. The company emerged in response to the growing demand for accessible investment platforms that cater to both novice and experienced traders.
Parent Company/Ownership Structure
NOZAX operates under the legal entity NOZAX AD, which is a joint-stock company registered in Montenegro. The company is publicly listed on the Montenegro Stock Exchange under the ticker symbol MNS E: NO ZX.
Headquarters Location
The headquarters of NOZAX is located in Podgorica, Montenegro. This strategic location allows the company to cater to clients across Europe, the Middle East, and Africa (EMEA).
Global Business Scope
NOZAX provides trading services in multiple asset classes, including stocks, foreign exchange (FX), indices, and commodities. The firm aims to offer a comprehensive trading experience by providing access to a wide range of financial instruments and tools.
Main Regulatory Bodies
NOZAX is regulated by the Montenegrin Capital Market Authority, holding the license number 03/2-5/5-21. This regulatory oversight is crucial for ensuring compliance and maintaining a secure trading environment for clients.
Company History and Development
Key Milestones
- 2021: NOZAX (SV) LLC was established, laying the groundwork for its operations in Saint Vincent and the Grenadines.
- 2022: The company launched its services, offering a diverse range of trading instruments.
- May 1, 2022: NOZAX went public on the Montenegro Stock Exchange, marking a significant milestone in its growth trajectory.
- May 30, 2022: The company successfully raised €800,000 in a seed funding round, further fueling its development.
Business Expansion Journey
Since its inception, NOZAX has focused on expanding its service offerings and enhancing its platform. The firm has made strategic investments in technology and customer service to improve user experience and support its growing customer base.
Customer Base Growth
NOZAX has seen a steady increase in its user base, attributed to its user-friendly platform and competitive trading conditions. The company aims to attract both retail and institutional investors, providing tailored services to meet diverse trading needs.
Platform Development History
NOZAX has invested in developing a robust trading platform, utilizing the popular MetaTrader 5 (MT5) technology. This platform offers advanced charting tools, automated trading options, and a seamless user experience, catering to the needs of modern traders.
Important Awards or Recognitions Received
While still relatively new to the market, NOZAX has begun to establish a reputation for reliability and innovation. As it continues to grow, the company aims to participate in industry awards and recognitions to further validate its services.
Trading Services Offered
Forex Trading Options
NOZAX offers a wide range of forex trading options, providing access to over 50 currency pairs. This extensive selection allows traders to capitalize on global currency fluctuations and diversify their trading strategies.
Stock Trading Options
Clients can trade a variety of stocks across different markets, allowing them to invest in established companies and emerging growth sectors. The platform supports trading in various stock indices.
CFD Trading Products
NOZAX provides access to Contracts for Difference (CFDs) on numerous assets, including stocks, indices, and commodities. This allows traders to speculate on price movements without owning the underlying asset.
Other Financial Instruments
In addition to forex and stocks, NOZAX offers trading in cryptocurrencies, commodities, and other financial instruments. This diverse product range enables clients to explore various investment opportunities and strategies.
Special Services or Unique Advantages
NOZAX distinguishes itself by offering features such as:
- Automated Trading: Clients can set up automated trading strategies to optimize their trading experience.
- Demo Accounts: A demo account with a virtual balance of $100,000 is available for new users to practice and familiarize themselves with the platform.
- High Leverage: The platform offers leverage of up to 1:500, allowing traders to maximize their potential returns.
Regulatory and Legal Background
Detailed Regulatory Information
NOZAX is regulated by the Montenegrin Capital Market Authority, which oversees its operations and ensures compliance with local laws. The company holds the following licenses:
- Montenegrin Capital Market Authority: License number 03/2-5/5-21.
Legal Entity Structure by Region
NOZAX operates under different legal entities based on its geographical focus:
- NOZAX AD: Registered in Montenegro.
- NOZAX (SV) LLC: Registered in Saint Vincent and the Grenadines.
Client Fund Protection Measures
To ensure client safety, NOZAX implements several protection measures, including segregating client funds from company operational funds. This practice helps safeguard client investments in case of financial difficulties faced by the broker.
Countries/Regions Served
NOZAX serves clients primarily in Europe, the Middle East, and parts of Africa. However, it does not provide services to residents of certain jurisdictions, including the United States, Canada, and several countries under sanctions.
Compliance History
As a newly established broker, NOZAX is in the process of building its compliance history. It adheres to the regulatory requirements set forth by the Montenegrin Capital Market Authority, ensuring transparency and accountability in its operations.
Competitive Landscape
3-5 Main Competitors
NOZAX operates in a competitive landscape that includes several well-established brokers. Key competitors include:
- eToro: Known for its social trading features and user-friendly platform.
- IG Group: Offers a wide range of trading instruments and advanced trading tools.
- OANDA: Renowned for its forex trading services and robust analytical tools.
Positioning in the Industry
NOZAX positions itself as a modern, accessible trading platform that caters to both novice and experienced traders. Its focus on technology and user experience sets it apart from traditional brokers.
Market Differentiation Factors
NOZAX differentiates itself through:
- User-Friendly Interface: The platform is designed to be intuitive, making it easy for traders to navigate and execute trades.
- Comprehensive Educational Resources: NOZAX provides a knowledge base and learning materials to help traders improve their skills.
- High Leverage Options: Offering leverage up to 1:500 attracts traders looking for higher risk-reward opportunities.
In conclusion, NOZAX is a rapidly growing multi-asset neo-broker that aims to provide a comprehensive trading experience for its clients. With a focus on technology, user experience, and regulatory compliance, the company is well-positioned to compete in the dynamic financial services industry.
For more detailed information about NOZAX, including trading conditions and account types, please visit their official website: NOZAX.