NOZAX
Abstract：NOZAX, founded in 2017, is a brokerage registered in Montenegro. The trading instruments it provides cover forex, shares, indices, and commodities.
| 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 |
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