Global Broker Regulation Inquiry App
WikiFX
Regulated
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/10
NOZAX
Montenegro
|
2-5 years
|
Regulated in Montenegro
|
Straight Through Processing (STP)
|
MT5 Full License
|
Global Business
https://nozax.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
4
Server Name
NozaxAD-Trade MT5
Server Location 
Hong Kong
Hong KongContact
+382 20 337 453
support@nozax.com
https://nozax.com/
Ankarski bulevar 12 81000 Podgorica Montenegro
Licenses
Licensed Entity：Nozax a.d. Podgorica
License No. 03/2-5/5-21
VPS Standard
No restriction on the broker account
Basic Information
Registered Region Montenegro
MontenegroOperating Period
2-5 years
Company Name
NOZAX AD
Abbreviation
NOZAX
Company employee
--
Customer Service Email Address
support@nozax.com
Contact Number
+38220337453
Company Website
Company Address
Ankarski bulevar 12 81000 Podgorica Montenegro
Facebook
Keywords 5
2-5 years
Regulated in Montenegro
Straight Through Processing (STP)
MT5 Full License
Global Business
7
Account
Funding
Related Software
Website
Company Summary
News
Wiki Q&A
Comment
Account
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
--
Minimum Spread
--
Depositing Method
(6+) VISA MASTER Skrill
Withdrawal Method
(6+) Skrill VISA MASTER
Minimum Position
0.01
Commission
0$ Commission per trade
Products
FX, Gold, Silver
Updated：
2025-10-29
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
90.17
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 5
Perfect
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Official website
Website
nozax.com
172.67.161.129
Server Location
United StatesICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--
Company Summary
| NOZAX Review Summary | |
| Founded | 2017 |
| Registered Country/Region | Montenegro |
| Regulation | SCMN |
| Market Instruments | Forex, shares, indices, commodities |
| Demo Account | ✅ |
| Leverage | 1:500 |
| Spread | From 0.0 pips |
| Trading Platform | MT5 |
| Minimum Deposit | $0 |
| Customer Support | Phone: +382 20 337 453 |
| Email: support@nozax.com | |
| Address: Ankarski bulevar 12, 81000 Podgorica, Montenegro | |
| Regional Restrictions | the United States of America, Canada, Cuba, Islamic Republic of Iran, Sudan, Syria and the Democratic Republic of Korea |
NOZAX Information
NOZAX, founded in 2017, is a brokerage registered in Montenegro. The trading instruments it provides cover forex, shares, indices, and commodities.
Pros and Cons
| Pros | Cons |
| SCMN regulated | No Islamic trading account |
| Various trading products | Regional restrictions |
| Three types of trading accounts | |
| Multiple deposit and withdrawal methods | |
| MT5 trading platform supported | |
| Demo accounts available | |
| No deposit/withdrawal fees | |
| No minimum deposit |
Is NOZAX Legit?
It is clear that NOZAX is regulated by SCMN in Montenegro. The license number is 03/2-5/5-21 and the license type is straight through processing (STP).
| Regulated Authority | Current Status | Regulated Country | Regulated Entity | License Type | License Number |
| Capital Market Commission (SCMN) | Regulated | Montenegro | Nozax a.d. Podgorica | Straight Through Processing (STP) | 03/2-5/5-21 |
What Can I Trade on NOZAX?
NOZAX offers traders the opportunity to trade forex, shares, indices, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Shares | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ❌ |
| Options | ❌ |
| Bonds | ❌ |
| ETFs | ❌ |
Account Type & Leverage & Fees
NOZAX offers 3 different types of accounts to traders, which are NZX ZERO, NZX CORE, and NZX CENT.
| Account Type | NZX ZERO | NZX CORE | NZX CENT |
| Accepted Currencies | USD, JPY, EUR | ||
| Maximum Leverage | 1:500 | ||
| Spread | Raw ECN spreads from 0.0 pips | Institutional STP spreads | |
| Commission | USD 2 | $0 | |
Trading Platform
NOZAX's trading platform is MT5, which supports traders on PC, Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC, Web, Mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
NOZAX doesn't charge deposit fees or withdrawal fees. It supports 5 types of payment methods, which are Bank Transfer, Visa and Mastercard, Skrill, Sticpay, and Local Bank. The minimum deposit for bank transferring is $100 and no minimum requirement for other types of methods.
| Payment Method | Accepted currencies | Minimum Amount | Fees | Processing Time |
| Bank Transfer | EUR, USD, JPY | $100 | 0 | Up to 3 working days |
| Visa and Mastercard | 0 | Instant | ||
| Skrill | ||||
| Sticpay | ||||
| Local Bank |
Keywords
- 2-5 years
- Regulated in Montenegro
- Straight Through Processing (STP)
- MT5 Full License
- Global Business
Wiki Q&A
Ahmed Harb 
1-2 years
Is NOZAX regulated at all?
Yep, NOZAX is regulated by the Capital Market Commission (SCMN) in Montenegro, and they’ve got license number 03/2-5/5-21 with an STP model. Personally, I think that gives a basic level of security, but since it’s not under a big global regulatory body, I’d still be cautious.
Broker Issues
Regulation
07-28
United States
Yousef47
1-2 years
What do I think about the pros and cons of NOZAX?
For me, the pros are that NOZAX is regulated, has no deposit/withdrawal fees, and offers a lot of trading options. But the cons are they don’t offer an Islamic account and they’ve got regional restrictions, meaning people from places like the USA and Iran can’t trade. I also personally like using NOZAX MT5 for its advanced features.
Broker Issues
Regulation
07-18
United States
Chris hagerman
1-2 years
What platform does NOZAX use?
NOZAX uses MT5, which I think is perfect for more experienced traders like me. You can use it on PC, Mac, iPhone, and Android, so you can trade anytime, anywhere. I’ve found that NOZAX MT5 gives me all the tools I need to manage my trades effectively.
Broker Issues
Instruments
Account
Leverage
Platform
06-05
United States
Sanjay sirohi
1-2 years
How long does it take to withdraw from NOZAX?
In my experience, it takes about 3 working days if you're using a bank transfer. But if you use something like Visa or Skrill, it’s almost instant, which is super handy when I need to get my funds fast. I can immediately check my withdrawal status via NOZAX MT5, which is convenient.
Broker Issues
Deposit
Withdrawal
05-13
United States
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Ardy
Indonesia
My deposit was rejected but the funds are held. If rejected, at least return my money, instead of disappearing irresponsibly! I've already reported via email and support in the app, but there's no response at all!!
Exposure
10-13
Charrge
Nigeria
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.
Positive
2024-07-18
Mhel4641
Philippines
A-BOOK Category, The Lowest Spread/Broker Commission in the Industry and I like most is having PHP Wallet and Trading.
Positive
2023-10-17
Kasep
Indonesia
Thin spread, once wd $80k 1 business day liquid. $10k capital
Positive
2023-09-22
dkutcal
Indonesia
Big and trusted company. Tech Company ! Good brokers and trusted!
Positive
2023-06-06
randy34134
Nigeria
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!
Neutral
2023-03-23
Uncle
Netherlands
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.
Positive
2022-12-19