Abstract：NoaFx was founded in 2006 as a money management company and later in 2013 began offering Forex and binary futures trading services to retail market traders. NoaFx was previously registered as a New Zealand financial services business, but recently it was delisted, and NoaFx is not currently subject to any effective regulation.
General Information & Regulation
NoaFX began as a fund management company in 2006 and worked its way up until 2013 when it began offering services to retail market traders under the name NoaFX, offering both Forex and binary options trading.
NoaFx offers traders a wide range of tradable financial instruments, including forex currency pairs, binary futures, energy, metals, indices, and commodities.
NoaFx offers traders two different types of accounts: the NoaFx Ultra account and NoaFx Pro account. The minimum deposit requirement for the Ultra account is $10, and the minimum deposit for the Pro account is $1000.
The maximum leverage for the NoaFx Ultra account is up to 1:500, and scalping is not allowed. The maximum leverage for the NoaFx Pro account is up to 1:400, scalping allowed.
Spreads & Commissions
NoaFx Ultra/Accounts feature fixed spread types with minimum spreads starting at 0.2 pips and a commission of fixed 0.5 pips charged by NoaFx. The NoaFx Pro Account offers spread starting at 1.6 pips, no commission charged.
Traders trading with NoaFx can use the market-leading and industry-preferred MT4 trading software, MT4 mobile, as well as Safari Trader, Blackberry trader.
Deposit & Withdrawal
NoaFx does not charge any fees for withdrawals or deposits, but a fee of 1% will be charged for withdrawals via Skrill.