NOZAX

According to WikiFX data, NOZAX holds a regulatory license from the Capital Market Commission of Montenegro (SCMN) and has a WikiFX score of 2.76 out of 10. The broker has been operating for 2 to 5 years and is registered in Montenegro, with its business scope noted as a Suspicious Operational Region. While regulation is present, the low score and operational concerns mean that safety and reliability cannot be guaranteed. Users should carefully evaluate the regulatory entity, license status, and their own jurisdiction before making any decisions.

Yes, NOZAX holds a Derivatives Trading License (STP) from the Capital Market Commission of Montenegro (SCMN) under the regulatory number 03/2-5/5-21. The license is held by Nozax a.d. Podgorica and is currently listed as regulated.

According to WikiFX data, the minimum deposit for NOZAX account types (CENT, CORE, ZERO) is 0.01. Note that specific deposit methods, such as bank transfer, may have a higher minimum requirement (e.g., $100).

The trading platforms supported by NOZAX are not currently publicly specified in the available data. Users may contact the broker directly to confirm platform availability.

Pros: 1) Regulated by the Capital Market Commission of Montenegro (SCMN). 2) Low minimum deposit of 0.01 across all account types. 3) Supports Expert Advisors (EA), scalping, and offers high leverage up to 1:500. Cons: 1) The broker’s business scope is categorized as a Suspicious Operational Region. 2) User reports indicate withdrawal issues, including delays and funds not being returned. 3) Operating history is relatively short at 2–5 years.

WikiFX data shows several user complaints, primarily regarding withdrawal difficulties, such as funds being withheld after rejected deposits and lack of response from customer support. There are also some positive reviews highlighting good customer service and low spreads. Overall, negative exposure exists, particularly related to withdrawal processing.

Due to the temporary lack of publicly available data, it is not possible to determine whether it is available in the United States. In general, to judge whether a broker can be used in a certain region, you can refer to the following aspects: 1. Regulatory qualifications: Check whether the broker is regulated by major regulators (such as the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission in the United States). 2. Legal restrictions: Different countries and regions have different laws and regulations on forex and CFD trading. Some platforms may not provide services in certain regions. 3. Account opening information: Check whether the broker allows users from that region to register accounts. 4. Official announcements and customer service: Confirm the local usage policy through the broker's official website or customer service. 5. User feedback: Refer to other users' experience and complaints in that region. You can use the information above to judge its availability in the United States. At the same time, you can follow WikiFX updates on regulatory and availability data to get more accurate reference.

According to WikiFX data, NOZAX offers multiple deposit and withdrawal methods including Bank Transfer (up to 3 working days), VISA, Mastercard, Skrill, Sticpay, and Local Bank (all instant except bank transfer). Deposits are free of charge. Withdrawal times mirror the deposit methods, with bank transfers taking up to 3 working days and electronic methods processed instantly. However, some user complaints indicate delays and issues with actual withdrawal processing.

NOZAX offers three account types: CENT, CORE, and ZERO. The CENT account covers FX, Gold, and Silver. The CORE account covers FX, Indices, and Commodities. The ZERO account covers the same instruments as CORE but offers spreads from 0.0. All accounts have a maximum leverage of 1:500, a minimum deposit of 0.01, and support Expert Advisors (EA), scalping, and locked positions. The ZERO account is designed for lower spreads, potentially with a commission structure.

According to WikiFX data, NOZAX offers a maximum leverage of 1:500 across all account types. Leverage of this magnitude can significantly amplify both potential profits and losses, which represents a high level of risk. Traders should carefully assess their risk tolerance and consider the impact of leverage before trading.

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.