Score

1.15 /10
Danger

Naxware

Seychelles

1-2 years

Suspicious Regulatory License

High potential risk

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Regulatory Index0.00

Business Index4.20

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Naxware · Company summary
Broker Name Naxware
Registered Country Seychelles
Founded Year Within 1 year
Regulation Regulated by ASIC
Products and Services Forex Trading, Cryptocurrencies, Stocks and ETFs, Commodities
Trading Platforms MetaTrader 4 (MT4), Mobile Solution, Web Terminal
Demo Account Available
Educational Resources Tutorials, webinars, market analysis, and expert insights
Customer Support Email

What is Naxware?

Naxware is a company registered in Seychelles, founded within the past year. It is a regulated financial platform overseen by the Australian Securities and Investments Commission (ASIC), offering a wide range of market instruments, including Forex, cryptocurrencies, stocks, ETFs, and commodities, catering to diverse trading preferences.

Additionally, Naxware's partnerships with leading technology providers ensure clients receive high-quality services and products at preferential rates. The platform's flexibility in Liquidity Provider choice empowers traders to optimize their strategies. However, dependency on external partners may pose some risks.

Overview of Naxware

Is NAXWARE legit?

NAXWARE is regulated by the Australian Securities and Investments Commission (ASIC) under license no.001308564, providing an additional layer of security and trust for traders on the platform.

Regulatory Status

Pros and Cons

Pros

  • Partnerships with Leading Technology Providers: Naxware's collaborations with industry-leading technology providers like Gold-i and Beeks ensure clients receive high-quality end-to-end service, accessing products and services at preferential rates.

  • Flexibility in Liquidity Provider Choice: Clients have the freedom to select their own Liquidity Providers (LPs), optimizing trading strategies across various asset classes such as FX, CFDs, and cryptocurrencies.

  • User-Friendly Interface: The platform features an intuitive interface suitable for traders of all levels, facilitating easy navigation and usage.

  • Real-Time Market Data: Access to real-time quotes, charts, and news sources empowers traders to make informed decisions and stay ahead in the markets.

  • Competitive Spreads and Low Fees: Transparent pricing with competitive spreads and low trading fees allows traders to retain more profits, aligning with their financial goals.

Cons:

  • Dependency on External Partners: While partnerships with technology providers offer benefits, any issues or changes with these partners could potentially impact the services provided to clients.

  • Limited Control Over Platform Customization: Despite offering a fully branded MT4 platform, customization options may have limitations compared to in-house development, potentially restricting specific branding or feature requirements.

  • Risk of External Factors: External factors such as market volatility or changes in regulations could impact trading conditions and affect client experiences.

  • Potential Technical Issues: Like any trading platform, Naxware may encounter technical glitches or downtime, disrupting trading activities and causing inconvenience to clients.

Pros Cons
  • Partnerships with Leading Technology Providers
  • Dependency on External Partners
  • Flexibility in Liquidity Provider Choice
  • Limited Control Over Platform Customization
  • User-Friendly Interface
  • Risk of External Factors
  • Real-Time Market Data
  • Potential Technical Issues
  • Competitive Spreads and Low Fees

Market Instruments

Naxware provides access to market instruments designed to cater to the diverse trading preferences of our clients.

  • Forex Trading: Forex, known as the world's largest financial market, is made accessible through Naxware. Traders can engage in trading numerous currency pairs, including major, minor, and exotic pairs. With the market open 24/5, traders can leverage currency movements to diversify portfolios and manage risk efficiently.

  • Cryptocurrencies: Join the dynamic world of cryptocurrencies with Naxware. We provide a variety of crypto pairs, enabling traders to trade popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. Traders can capitalize on the volatility of digital assets to potentially maximize profits.

  • Stocks and ETFs: Diversification is key, and Naxware facilitates this by offering access to stocks and exchange-traded funds (ETFs) from global markets. Whether it's tech giants, blue-chip stocks, or sector-specific ETFs, our platform grants traders access to a wide spectrum of equities.

  • Commodities: Trade essential commodities such as gold, oil, silver, and more with Naxware. These assets respond to global economic events, offering traders an opportunity to diversify portfolios and hedge against inflation through their inherent volatility.

      Market Instruments

      Trading Platform

      Naxware provides a versatile trading platform suite to meet traders' needs:

      • MetaTrader 4 (MT4): Renowned for its popularity, MT4 offers a user-friendly interface, advanced charting tools, and automated trading capabilities.

      • Mobile Solution: Their mobile trading platform enables traders to stay connected and trade on-the-go, ensuring access to markets from anywhere with an internet connection.

      • Web Terminal: Accessible via web browsers, the Web Terminal offers traders the flexibility to manage their accounts and execute trades directly from any internet-enabled device, enhancing convenience and accessibility.

        Trading Platform

      How to Open an Account?

      To open an account on Naxware, you can follow these general steps:

        • Visit the Website: Navigate to the official website of Naxware and Download Client.

        How to Open an Account?
        • Click on “Sign Up”: Look for the “Sign Up” or “Register” button prominently displayed on the homepage.

        • Fill in Personal Information: You'll be directed to a registration form where you need to enter your personal details such as full name, email address, phone number, and country of residence.

        • Choose a parser and Password: Create a username and password for your Naxware account, ensuring it meets the specified security requirements.

        • Agree to Terms and Conditions: Review the terms of service and privacy policy provided by Naxware, then check the box to indicate your agreement before proceeding.

        • Verify Your Email: After submitting the registration form, check your email inbox for a verification message from Naxware. Click on the verification link provided to confirm your email address and complete the registration process.

        Educational Resources

        NAXWARE provides comprehensive educational resources to enhance the abilities of traders and investors. From beginner to advanced levels, its educational materials cover a wide range of topics to improve customers' trading skills and knowledge.

        Customer Support

        NAXWARE provides round-the-clock technical support, with the team available to assist you via email (support@naxware.com) 24/7.

        Conclusion

        Naxware remains an ASIC-regulated broker, ensuring a high level of credibility and security. Strategic technology partnerships enable access to premium services and competitive pricing. While relying on external providers and potential platform customization limits exist, Naxware offers various tradable instruments like forex, cryptocurrencies, stocks, and commodities. A robust trading platform suite and comprehensive educational resources empower traders. For those seeking regulatory compliance, product variety, top trading tools, and a secure ecosystem, Naxware emerges as a compelling choice that balances flexibility with robust security measures.

        FAQs

        How can I contact Naxware for technical support?

        You can reach Naxware's technical support team 24/7 via email at support@naxware.com.

        Can I choose my own Liquidity Providers (LPs) with Naxware?

        Yes, Naxware offers clients the flexibility to select their preferred Liquidity Providers for different asset classes.

        What trading platforms does Naxware provide?

        Naxware offers MetaTrader 4 (MT4), a mobile trading solution, and a web terminal for traders.

        What educational resources does Naxware offer?

        Naxware provides rich educational materials, including tutorials, webinars, market analysis, and expert insights.

        Risk Warning

        Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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Mericle
more than one year
Very quick to answer any questions or doubts you have whether it was by E-MAIL or directly on the phone. Transactions went very smoothly. I will definitely continue using their platform.
Very quick to answer any questions or doubts you have whether it was by E-MAIL or directly on the phone. Transactions went very smoothly. I will definitely continue using their platform.
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2024-07-18 13:49
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Loutyab
more than one year
The customer care team/representatives are very effective and efficient. Doing all the best they are stars. Stay blessed.
The customer care team/representatives are very effective and efficient. Doing all the best they are stars. Stay blessed.
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2024-04-17 14:14
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