Basic Information
Registered Region 
United Kingdom
United KingdomOperating Period
1-2 years
Company Name
Novazx
Customer Service Email Address
support@novazx.com
Contact Number
+27784856839
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
Novazx
United Kingdom
|
1-2 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://www.novazx.com/
Website
Rating Index
Contact
+27 784856839
support@novazx.com
https://www.novazx.com/
Royal Chambers Business Centre, Royal Ave, Guernsey GY1 1WA, Guernsey
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Account
Website
Company Summary
Comment
Account
- Environment--
- Currency--
- Maximum Leverage--
- SupportedEA
- Minimum Deposit$25000
- Minimum Spread--
- Depositing Method(3+) Bank transfer
- Withdrawal Method--
- Minimum Position--
- Commission--
- ProductsForex, CFDs﹠Commodities
Updated：
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Official website
Website
novazx.com
185.231.153.239Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Company Summary
To satisfy traders of different experience levels, Novazx provides four account types: Mini, Classic, Premium, and Executive. Anyway, with a minimum deposit of $2,500, many traders may prefer a cheaper broker.
Pros and Cons
| Pros | Cons |
| Multiple trading assets | High minimum deposit |
| Various account types | Not regulated |
| 7/24 customer support | No free demo accounts |
Is Novazx Legit?
Novazx was established in the United Kingdom by NameCheap. Inc.; however, the FCA, the local financial regulator, does not have any information relating to it.
What Can I Trade on Novazx?
Novazx offers 7 trading options, including forex, CFDs, stocks, cryptos, currency pairs, commodities and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Metals | ❌ |
Account Type
Novazx provides 4 account types: Mini, Classic, Premium and Executive.
Mini accounts are suitable for small and new traders.
Classic accounts are suitable for experienced investors.
Premium accounts fit for professional ones.
Executive accounts are for institutional investors.
| Account Type | Minimum Deposit | Maximum leverage |
| Mini | $2,500 | 1:100 |
| Classic | $5,000 | |
| Premium | $25,000 | |
| Executive | $100,000 |
Novazx Fees
Novazx claims to offer low and competitive spreads but not specified. And also, no any info on commissions. The only available info on fees is their inactivity fee ($36 monthly).
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web trader | ✔ | Windows | Beginners |
Deposit and Withdrawal
Novazx requires a minimum deposit of $2,500. But the minimum withdrawal is not mentioned.
Deposit Options
| Deposit Options | Min. Deposit | Processing Time |
| Bank transfer | $2,500 | Within 2 business days |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Processing Time |
| Credit cards | Not metioned | Within 2 business days |
| Crypto | Not metioned | Within 2 business days |
Customer Service
| Contact Options | Details |
| Phone | +27784856839 |
| support@novazx.com | |
| Support Ticket System | ❌ |
| Online Chat | 24/7 |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English |
| Physical Address | Royal Chambers Business Centre, Royal Ave, Guernsey GY1 1WA, Guernsey |
The Bottom Line
To sum up, Novazx is friendly to customers and provides a 24/7 online chat to resolve customers' issues at any time. On the other hand, no demo accounts may result in the loss of many beginners. This broker is well-suited for customers who want to invest in the long term and don't care about regulation.
FAQs
Is Novazx safe?
No, Novazx is not regulated.
Is Novazx good for day trading?
No, because the processing time of deposit and withdrawal is too long (2 days).
What kind of trading platform does Novazx offer?
Instead of the industry-leading MT4/5, Novazx only offers a web trader.
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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