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NOZAX

Montenegro|2-5 years|
Regulated in Montenegro|Straight Through Processing(STP)|MT4/5 full license|Regional Brokers|

https://nozax.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
NozaxSV-Trading MT5
Server Location Singapore

Contact

+382 20 337 453
https://nozax.com/
Ankarski bulevar 12 Podgorica 81000 Montenegro
https://www.facebook.com/NozaxGlobal

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NOZAX · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable 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

Feature 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:

General Information & Regulation

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.

General Information & Regulation

Market Instruments

NOZAX advertises that it offers access to 100+ trading instruments in financial markets, including forex, shares, indices, cryptocurrencies and commodities.

Market Instruments

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.

Deposit & Withdrawal

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.

Broker Information

Company Name

NOZAX AD

Company Abbreviation

NOZAX

Regulatory Status

Regulated

Platform registered country and region

Montenegro

Company website
Company address
  • Ankarski bulevar 12 Podgorica 81000 Montenegro

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Company Summary

User Reviews

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6

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Mhel4641
3-6months
A-BOOK Category, The Lowest Spread/Broker Commission in the Industry and I like most is having PHP Wallet and Trading.
2023-10-17 11:23
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0
0
Kasep
3-6months
Thin spread, once wd $80k 1 business day liquid. $10k capital
2023-09-22 10:30
1
0
1
dkutcal
6-12months
Big and trusted company. Tech Company ! Good brokers and trusted!
2023-06-06 09:14
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0
0
randy34134
more than one year
NOZAX should be the ideal broker and for seven months I was extremely impressed but now their platform freezes every day during volatile periods and spreads widen to always take out your stop. I don’t know what happened, and they still haven’t given me a reasonable explanation at all. I was very satisfied with this broker offering me high leverage, low commission, and quick order execution. Who knows? Everything changed so fast!
2023-03-23 09:45
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0
0
Uncle
more than one year
I found NOZAX last month. It is a very professional company and now growing up more. I hope in future NOZAX will be the top company in the world. I appreciated the teamwork and the knowledge base.
2022-12-19 15:12
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