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Naxex Invest

Cyprus|10-15 years|
Market Making(MM)|Suspicious Scope of Business|Medium potential risk|

https://www.naxexinvest.com

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Cyprus 2.34

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 22 300 500
https://www.naxexinvest.com
Annissa Court 134 Agias Fylaxeos & Amisou Street 4th Floor 3087 Limassol, Cyprus

Licenses

VPS Standard
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Previous Detection : 2024-05-22
  • The current information shows that this broker does not have a trading software. Please be aware!

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Naxex Invest · Company Summary

Aspect Information
Registered Country Cyprus
Founded Year 10-15 years old
Company Name Naxex Invest Ltd
Regulation Regulated by Cyprus Securities and Exchange Commission (CySEC) with license number 161/11
Minimum Deposit $100
Maximum Leverage Up to 1:500 on Forex and CFDs
Spreads Vary depending on asset class, e.g., forex spreads start at 0.7 pips, stock spreads start at 0.01%
Trading Platforms Fully integrated trading platform compatible with Windows, iOS, and Android
Tradable Assets Currencies, Stocks, ETFs, Indices, Commodities, Cryptocurrencies, CFDs (FX Spot, Equity, Index, Commodity, ETF, Synthetic Derivative)
Account Types Single account type
Demo Account Information not provided
Islamic Account Information not provided
Customer Support Phone: +357 22 300 500, Email: info@naxexinvest.com
Payment Methods Bank transfers, credit/debit cards, e-wallets
Educational Tools Market Monitor, Back Office & AML – KYC Assistance, Investment Research (specific examples not provided), Autochartist, Fully Integrated CRM, PSP Introduction (specific details not provided)

Overview of Naxex Invest

Naxex Invest Ltd, a company based in Cyprus, has been in operation for 10-15 years and falls under the regulation of the Cyprus Securities and Exchange Commission (CySEC) with a full license and regulatory license number 161/11. Their contact information includes a telephone number and email address. It's worth noting that Naxex Invest does not currently offer trading software, which should be taken into consideration when evaluating their services.

Naxex Invest provides access to various financial markets, including Forex, stocks, indices, commodities, cryptocurrencies, and various CFDs. They offer a single account type, which simplifies the service but caters to diverse investment preferences. The broker offers leverage of up to 1:500, which can amplify both profits and losses. Spreads, commissions, and minimum deposits vary depending on the asset class. The platform supports multiple operating systems, making it accessible to a wide range of traders. Naxex Invest also provides educational tools and customer support options. However, users should exercise caution and conduct thorough research before considering their services.

basic-info

Pros and Cons

Naxex Invest offers several advantages, including regulation by CySEC, a diverse range of tradable assets, high leverage opportunities, low spreads, a low minimum deposit requirement, and various deposit and withdrawal options. However, it has limitations such as the absence of trading software, limited account choices, the potential for significant losses due to high leverage, variability in spreads and commissions, fees on deposits and withdrawals, and a lack of comprehensive investment research tools.

Pros Cons
Regulated by CySEC Lack of trading software
Diverse range of assets available Limited account options
High leverage up to 1:500 High leverage can lead to significant losses
Low spreads Variability in spreads and commissions
Low minimum deposit of $100 2% fee on deposits and withdrawals
Multiple deposit and withdrawal options Lack of detailed investment research tools
Compatibility with various operating systems

Is Naxex Invest Legit?

Naxex Invest Ltd is a regulated broker under the Cyprus Securities and Exchange Commission (CySEC), holding a full license (mm) with regulatory license number 161/11. The company's address is 14, Charalambou Mouskou, Artemisia Business Centre, 2nd Floor - Office 201, Strovolos, CY-2014 Nicosia, and their contact information is provided as +357 22 300 500 and info@naxexinvest.com. Please note that the information available suggests that the broker does not have trading software at this time, so caution is advised when considering their services.

regulation

Market Instruments

Currencies: Naxex Invest provides access to the foreign exchange (Forex) market, the world's largest financial market, with popular currency pairs like AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, and AUD/USD available for trading.

Stocks & ETFs: The platform allows clients to trade stocks and exchange-traded funds (ETFs) across global exchanges, including popular companies like Apple, Amazon, and Microsoft.

Indices: Naxex Invest offers access to major stock indices like the German DAX, Dow Jones, and FTSE 100, allowing traders to speculate on broader market trends.

Commodities: Traders can invest in major commodity sectors, including energy, precious metals, industrial metals, and agricultural commodities.

Cryptocurrencies: The broker offers high liquidity on top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA), among others.

CFD FX Spot: Naxex Invest offers a wide range of currency pairs for trading, such as EUR/USD, GBP/JPY, and USD/JPY.

CFD Equity: Clients can trade contracts for difference (CFDs) on a diverse selection of equities, including well-known companies like Apple, Amazon, and Facebook.

CFD Index: The platform provides access to various stock market indices, such as S&P 500, NASDAQ, and FTSE, allowing traders to speculate on market performance.

CFD Commodity: Traders can speculate on commodity price movements, including Brent Oil, Gold, and Copper, through CFDs.

CFD ETF: Naxex Invest offers CFDs on exchange-traded funds (ETFs), including popular options like SPDR S&P 500 Trust ETF and iShares iBoxx.

CFD Synthetic Derivative: The broker provides synthetic derivatives, offering exposure to a range of asset classes, including BITA Germany40, BITA Italy40, and BITA US500, allowing for diverse trading strategies.

market-instruments

Pros and Cons

Pros Cons
Access to a wide range of financial instruments, including Forex, stocks, indices, commodities, cryptocurrencies, and various CFDs No specific mention of advanced trading features or tools
Cryptocurrencies available Limited information on research and analysis tools
Diverse options for speculating on market trends Potential complexity in managing diverse trading strategies

Account Types

Naxex Invest offers a single account type, simplifying their service with one straightforward option. This account provides access to a range of financial instruments and assets, including stocks, bonds, and cryptocurrencies, making it suitable for diverse investment preferences.

Leverage

Naxex Invest offers leverage of up to 1:500 on Forex and CFDs. This means that traders can control a position worth up to 500 times their initial investment. Leverage can amplify profits, but it can also amplify losses. Therefore, it is important to use leverage responsibly and to understand the risks involved.

Spreads & Commissions

Naxex Invest's spreads and commissions vary depending on the asset class being traded. For example, spreads on forex pairs start at 0.7 pips, while spreads on stocks start at 0.01%. Commissions on forex pairs start at $3 per round turn, while commissions on stocks start at $0.005 per share.

Minimum Deposit

The minimum deposit is at $100.

Deposit & Withdraw

Naxex Invest offers a variety of deposit and withdrawal methods, including bank transfers, credit and debit cards, and e-wallets. Deposits are processed within 24 hours, and withdrawals are processed within 48 hours. There is a minimum withdrawal of $50. Naxex Invest charges a 2% fee on all deposits and withdrawals.

Pros and Cons

Pros Cons
Multiple deposit methods 2% fee on all deposits and withdrawals
Fast deposit processing (24 hrs) Minimum withdrawal of $50
Reasonable withdrawal time (48 hrs)

Trading Platforms

Naxex Invest offers a fully integrated trading platform compatible with various operating systems, including Windows, iOS, and Android, providing accessibility to a wide range of traders across different devices.

Pros and Cons

Pros Cons
Compatibility with various OS Absence of trading software
Multiple deposit/withdrawal options No popular trading platforms available

Educational Tools

Market Monitor: Naxex Invest offers a Market Monitor section that includes articles such as “Market Outlook Week 17-21 July” and “Market Outlook Week 10-14 July” by Andreas Pattichis, providing insights into global market trends and developments.

Back Office & AML – KYC Assistance: The platform offers Back Office support and AML (Anti-Money Laundering) KYC (Know Your Customer) assistance, helping traders with administrative and compliance-related tasks.

Investment Research: Naxex Invest provides investment research resources to help traders make informed decisions. Specific examples of research reports or tools are not mentioned.

Autochartist: Traders have access to Autochartist, a tool that can assist in identifying trading opportunities based on technical analysis.

Fully Integrated CRM: Naxex Invest offers a fully integrated Customer Relationship Management (CRM) system, which can help traders manage their interactions and relationships with the platform.

PSP Introduction: The platform introduces PSP (Payment Service Provider) services, which can facilitate financial transactions and payments. Specific details about these services are not provided in the description.

educational-resources

Customer Support

Naxex Invest provides customer support through various contact options. You can reach them at their telephone number, +357 22 300 500. Additionally, you can contact them via email by filling out a form with your name, email address, and the reason for contact. The company's registered address is Annissa Court, 134 Agias Fylaxeos & Amisou Street, 4th Floor, 3087 Limassol, Cyprus, while their head office is located at Artemisia Business Centre, 14 Charalampou Mouskou Street, 2nd Floor, Office 201, 2014 Nicosia, Cyprus.

customer-support

Conclusion

In conclusion, Naxex Invest Ltd operates as a regulated broker under CySEC and offers a variety of financial instruments for trading, including currencies, stocks, indices, commodities, cryptocurrencies, and CFDs. The broker provides a single account type and offers leverage up to 1:500, which can be both an advantage and a risk. Spreads and commissions vary by asset class, and the minimum deposit required is $100. While they offer accessibility through a fully integrated trading platform and provide some educational tools like market monitoring and KYC assistance, specific details about their investment research and PSP services are not provided. Customer support is available through multiple channels. However, it's worth noting that caution should be exercised due to the absence of trading software mentioned in the available information.

FAQs

Q: Is Naxex Invest a legitimate company?

A: Yes, Naxex Invest Ltd is a regulated broker under the Cyprus Securities and Exchange Commission (CySEC) with a full license and regulatory license number 161/11.

Q: What financial instruments can I trade with Naxex Invest?

A: Naxex Invest offers a wide range of instruments, including currencies, stocks, ETFs, indices, commodities, cryptocurrencies, and various CFDs.

Q: What is the minimum deposit required to start trading with Naxex Invest?

A: The minimum deposit is $100.

Q: What leverage does Naxex Invest offer?

A: Naxex Invest provides leverage of up to 1:500 on Forex and CFDs.

Q: How can I contact Naxex Invest's customer support?

A: You can reach Naxex Invest's customer support by phone at +357 22 300 500 or via email through their website's contact form.

Broker Information

Company Name

Naxex Invest Ltd

Company Abbreviation

Naxex Invest

Regulatory Status

Regulated

Platform registered country and region

Cyprus

Company website
Phone of the company
  • +357 22 300 500

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Company address
  • Annissa Court 134 Agias Fylaxeos & Amisou Street 4th Floor 3087 Limassol, Cyprus

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Company Summary

User Reviews

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Hayden White
more than one year
Before I started trading with Naxex Invest, I had hopped from one broker to another, feeling like a rudderless ship in the vast ocean of forex trading. But then, what a relief it was to discover Naxex Invest! The moment I decided to pick up my trading pen with them, I realized that I had indeed found a gem! This broker has ensured my trading journey has been as smooth as silk, there hasn't been any slippage! Yes, you heard that right, zip, nada, zilch! As a forex trader, you know how annoying it is to deal with slip-ups in rates and prices. It's like going on a promising date only to have your hopes dashed at the last moment. But with Naxex Invest, there's been none of those pesky speedbumps! I can truly say that Naxex Invest is the real deal when it comes to reliability. I have not had a single day when I doubted their credibility, and that's saying something. They are as solid as it gets!
2023-10-23 13:41
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Jarrad
more than one year
The 2% fee on deposits and withdrawals. Personally, I found this hefty, considering the fact that other platforms charge either no fee or a nominal one. Alongside this, the high spreads of Naxex Invest began to concern me. In my experiences, these high spreads often ate into my potential profits. It was like wanting to buy a ticket for a concert but realizing that the service charges and fees add up to the point where the ticket's price is almost doubled.
2023-10-13 17:18
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