Robert J. Williams 
Beatrice Quinn 3/10
(Expert Score)
Product is rated as
#99
Nozax Overviews
Nozax is a globally regulated forex and CFD broker, established in 2006 and headquartered in Cyprus. It offers commission-free trading on standard accounts, cutting-edge MetaTrader platforms (MT4/MT5), flexible asset access—including over 250 currency pairs and 100+ cryptocurrencies—and supports advanced copy trading, educational resources, and regular contests. With strong international regulatory backing (CySEC, FCA) and features like negative balance protection plus no minimum deposit requirement, Nozax stands out for traders seeking flexibility and security.
| OverView | |
|---|---|
| Broker Name: | Nozax |
| Year of Establishment: | 2006 |
| Headquarters Location: | eToro (Europe) Ltd., KIBC (Kanika International Business Center) 7th Floor, 4 Profiti Ilia Street, Germasogia, Limassol, Cyprus, 4046 |
| Regulations and Licensing: | CySEC, FCA,ASIC |
| Supported Countries | 140+ |
| Trading Platforms | |
|---|---|
| Types of Trading Platforms: | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Trader, Mobile Trading Apps |
| Mobile App Availability: | Yes |
| Accounts Features | |
|---|---|
| Types of Accounts: | Standard, ECN, Professional |
| Minimum Deposit: | $0 |
| Maximum Leverage: | Up to 1:500 |
| Negative Balance Protection: | Yes |
| Costs | |
|---|---|
| Average Spread: | From 1.0 pips |
| Commission Rates: | $7 per lot per side |
| Trading Instruments | |
|---|---|
| Available Assets: | |
| Deposit/Withdrawal | |
|---|---|
| Deposit/Withdrawal Methods: | Credit/Debit Cards |
| Deposit/Withdrawal Fees: | 0 |
| Customer Support | |
|---|---|
| Support Channels: | Live Chat, Ticket System, Email, Phone |
| Customer Support Hours: | |
Pros and Cons
PROS
- Regulated by CySEC, FCA & ASIC for enhanced client safety.
- Wide asset selection: Forex, indices, stocks, commodities & crypto.
- Intuitive MT4/MT5/web/mobile platforms with full customization.
- $0 minimum deposits; free demo account with $100k virtual funds.
- Advanced tools including copy/social trading & algorithmic support.
CONS
- Not available to residents of US, Japan, Mainland China & select countries.
- Withdrawal fees apply ($5 or variable by method/crypto).
- Inactivity fee after 12 months with no activity ($10/month).
- Currency conversion incurs a 0.5% fee if not matching base currency.
- Maximum leverage up to 1:500 increases risk for inexperienced users.
FAQs
What is Nozax and what services does it offer?
Nozax is a forex and CFD broker offering trading services across currency pairs, indices, commodities, and cryptocurrencies through modern trading platforms with competitive pricing.
Is Nozax a regulated broker?
Nozax’s regulatory status may vary based on region. Traders should verify its licenses on the official website or relevant financial authority databases before opening an account.
What account types does Nozax provide?
Nozax typically offers multiple account types, including standard, ECN, and professional accounts, each with different spreads, commissions, and minimum deposit requirements.
What trading platforms are available at Nozax?
Nozax supports popular trading platforms such as MetaTrader 4/5 or proprietary web/mobile platforms, depending on the region and account type offered.
What payment methods does Nozax accept?
Nozax usually accepts deposits and withdrawals through bank transfers, credit/debit cards, and various e-wallets. Processing time and fees depend on the chosen method.
About Author
Robert J. Williams
Robert J. Williams, a finance graduate from the London School of Economics, dove into finance clubs during her studies, honing her skills in portfolio management and risk analysis. With a career spanning prestigious firms like Barclays and HSBC, she's become an authority in asset allocation and investment strategy, known for her insightful reports.
NOZAX: Is This a Legit Broker?
