NOZAX Forex Broker

NOZAXReview SummaryFounded2017Registered Country/RegionMontenegroRegulationSCMNMarket InstrumentsForex, shares, indices, commoditiesDemo Account✔Leverage1:500SpreadFrom 0 pipTrading PlatformMT5Minimum Deposit$0Customer SupportPhone: +382 20 337 453Email: support@nozax.comAddress: Ankarski bulevar 12, 81000 Podgorica, MontenegroRegional Restrictionsthe United States of America, Canada, Cuba, Islamic Republic of Iran, Sudan, Syria and the Democratic Republic of KoreaNOZAX Information NOZAX, founded in 2017, is a brokerage registered in Montenegro. The trading instruments it provides cover forex, shares, indices, and commodities.Pros and ConsProsConsSCMN regulatedNo Islamic trading accountThree types of trading accountsNo MT4 trading platform supportedMultiple deposit and withdrawal methodsRegional restrictionsMT5 trading platform supportedNo deposit and withdrawal feesDemo account availableIs NOZAX Legit? It is clear that NOZAX is regulated by SCMN in Montenegro. The license number is 03/2-5/5-21 and the license type is straight through processing (STP).Regulated AuthorityCurrent StatusRegulated CountryRegulated EntityLicense TypeLicense NumberThe Capital Market Commission (SCMN)RegulatedMontenegroNozax a.d. PodgoricaStraight Through Processing (STP)03/2-5/5-21What Can I Trade on NOZAX? NOZAX offers traders the opportunity to trade forex, shares, indices, commodities.Tradable InstrumentsSupportedShares✔Indices✔Forex✔Commodities✔Cryptocurrencies❌Futures❌Options❌Bonds❌ETFs❌Account Types NOZAX offers 3 different types of accounts to traders, which are NZX ZERO, NZX CORE, NZX CENT.NZX ZERONZX CORENZX CENTLeverage1:5001:5001:500CommissionUSD 2 commission In & Out0$ Commission per trade0$ Commission per tradeSpreadsRaw ECN spreads from 0.0 pipsInstitutional STP spreadsInstitutional STP spreadsCurrencyUSD, JPY, EURUSD, JPY, EURUSD, JPY, EURTrading Platform NOZAX's trading platform is MT5, which supports traders on PC, Mac, iPhone and Android.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔PC, Web, MobileExperienced tradersMT4❌/BeginnersDeposit and Withdrawal The broker doesn't charge deposit fees or withdrawal fees. It supports 5 types of payment methods, which are Bank Transfer, Visa and Mastercard, Skrill, Sticpay, Local Bank. The minimum deposit for bank transferring is $100 and no minimum requirement for other types of methods.MethodAccepted currenciesCommissionMinimum AmountProcessing TimeBank TransferEUR/USD/JPYFree$100Up to 3 working daysVisa and MastercardEUR/USD/JPYFreeNo MinimumInstantSkrillEUR/USD/JPYFreeNo MinimumInstantSticpayEUR/USD/JPYFreeNo MinimumInstantLocal BankEUR/USD/JPYFreeNo MinimumInstant