NOZAX Forex broker specializes in providing foreign exchange trading services, the company's official website https://app.nozax.com/jsc/register, the company's legitimate regulatory information MontenegroSCMNStraight Through Processing(STP), to enhance the security of the company's address Ankarski bulevar 12 Podgorica 81000 Montenegro.
NOZAX Forex Broker
Basic information
Montenegro
2-5 years Regulated in Montenegro Straight Through Processing(STP) MT5 Full License Global BusinessCompany profile
Risk Warning
Online spanading involves significant risk, and you may lose all of your invested capital. It is not suispan for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
| Detail | |
| Regulation | No regulation |
| Market Instrument | Forex, shares, indices, cryptocurrencies and commodities |
| Account Type | NZX ZERO and NZX CORE |
| Demo Account | yes |
| Maximum Leverage | 1:500 |
| Spread | From 0.0 pips |
| Commission | NZX ZERO: $3.5, NZX CORE: no |
| Trading Platform | MT5 |
| Minimum Deposit | no |
| Deposit & Withdrawal Method | Bank Transfer, Visa, MasterCard, Skrill, Neteller and Local Bank |
NOZAX, a trading name of NOZAX AD, is allegedly a forex broker registered in Montenegro that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 0.0 pips on the MT5 trading platform via two different live account types, as well as 24/7 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that NOZAX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.40/10. Please be aware of the risk.
Market Instruments
NOZAX advertises that it offers access to 100+ trading instruments in financial markets, including forex, shares, indices, cryptocurrencies and commodities.
Account Types
Apart from demo accounts, NOZAX claims to offer two types of trading accounts, namely NZX ZERO and NZX CORE, with no minimum deposit requirement.
Leverage
The leverage provided by NOZAX is 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
NOZAX claims to offer spreads from 0.0 pips on the NZX ZERO account. As for the commission, there is a commission of $3.5 per lot per side on the NZX ZERO account, while no commission on the NZX CORE account.
Trading Platform Available
The platform available for trading at NOZAX is one of the most notable and preferred trading platforms the market offers - MetaTrader5. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
NOZAX says to work with numerous means of deposit and withdrawal choices, consisting of Bank Transfer, Visa, MasterCard, Skrill, Neteller and Local Bank. The minimum deposit and withdrawal amount for Bank Transfer is $100, while no limits for the other methods. There is no deposit and withdrawal commission fees charged. As for the processing time of deposits and withdrawals, Bank Transfer takes up to 3 working days, while others are instant.
Customer Support
NOZAXs customer support can be reached by telephone: +382 20 337 453 or fill in Contact Form to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: Ankarski bulevar 12 Podgorica 81000 Montenegro.
Pros & Cons
| Pros | Cons |
| • Multiple trading assets and payment options offered | • No regulation |
| • Demo accounts available | |
| • No minimum deposit requirement | |
| • MT5 supported |
Frequently Asked Questions (FAQs)
| Q 1: | Is NOZAX regulated？ |
| A 1: | No. It has been verified that NOZAX currently has no valid regulation. |
| Q 2: | At NOZAX, are there any regional restrictions for traders？ |
| A 2: | Yes. Restricted Regions: NOZAX does not provide services to residents of certain jurisdictions such as the United States of America, Canada, Cuba, Islamic Republic of Iran, Sudan, Syria and the Democratic Republic of Korea. |
| Q 3: | Does NOZAX offer demo accounts？ |
| A 3: | Yes. |
| Q 4: | Does NOZAX offer the industry-standard MT4 & MT5？ |
| A 4: | No. Instead, NOZAX offers the MT5 platform. |
| Q 5: | What is the minimum deposit for NOZAX？ |
| A 5: | There is mo minimum initial deposit requirement at NOZAX. |
| Q 6: | Is NOZAX a good broker for beginners？ |
| A 6: | No. NOZAX is not a good choice for beginners. Although everything seems to be quite good, it lacks legitimate regulation. So, trading with this broker has no security guarantee. |
Rating Index
NZX CENT
NZX ZERO
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Mhel4641
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A-BOOK Category, The Lowest Spread/Broker Commission in the Industry and I like most is having PHP Wallet and Trading.
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Thin spread, once wd $80k 1 business day liquid. $10k capital
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Charrge
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Hey, NOZAX has got some killer customer support! Their team is super helpful and always there to answer your questions. And let me tell you, their trading assets are top-notch. They've got a ton of options to choose from, so you can find something that fits your style.
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2024-07-18