Score
Montenegro
|
2-5 years
| https://nozax.com/
Website
Rating Index
MT4/5 Identification
Full License
Hong Kong
LicensesLicensed Entity：Nozax a.d. Podgorica
License No. 03/2-5/5-21
Montenegro
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
nozax.com United States| 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, founded in 2017, is a brokerage registered in Montenegro. The trading instruments it provides cover forex, shares, indices, and commodities.
| 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 |
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 |
NOZAX offers traders the opportunity to trade forex, shares, indices, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Shares | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ❌ |
| Options | ❌ |
| Bonds | ❌ |
| ETFs | ❌ |
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 | |
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 |
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 |
NOZAX is a Montenegro-registered forex and multi-asset broker founded in 2017. It offers MetaTrader 5 access to forex, shares, indices, and commodities, and three account tiers (NZX ZERO, NZX CORE, NZX CENT).
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.
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.
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.
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.
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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
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
Mhel4641
Philippines
A-BOOK Category, The Lowest Spread/Broker Commission in the Industry and I like most is having PHP Wallet and Trading.
Positive
Kasep
Indonesia
Thin spread, once wd $80k 1 business day liquid. $10k capital
Positive
dkutcal
Indonesia
Big and trusted company. Tech Company ! Good brokers and trusted!
Positive
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
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