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NOZAX -

Score

3.87 /10
Danger

NOZAX

Montenegro

2-5 years

Regulated in Montenegro

Derivatives Trading License (STP)

MT5 Full License

Global Business

Medium potential risk

https://nozax.com

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Comparison

Quantity 1

Exposure

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Score

Regulatory Index1.25

Business Index6.46

Risk Management Index8.90

Software Index8.09

License Index1.25

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

NOZAX AD

Company Abbreviation

NOZAX

Platform registered country and region

Montenegro

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2026-01-21
  • This broker is currently subject to a light-touch regulatory framework. Please be aware of the risks.

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1 pieces of exposure in total
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NOZAX · Company summary
NOZAX Review Summary
Founded2017
Registered Country/RegionMontenegro
RegulationSCMN
Market InstrumentsForex, shares, indices, commodities
Demo Account✅
Leverage1:500
SpreadFrom 0.0 pips
Trading PlatformMT5
Minimum Deposit$0
Customer SupportPhone: +382 20 337 453
Email: support@nozax.com
Address: Ankarski bulevar 12, 81000 Podgorica, Montenegro
Regional Restrictionsthe 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.

NOZAX Information

Pros and Cons

ProsCons
SCMN regulatedNo Islamic trading account
Various trading productsRegional 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 AuthorityCurrent StatusRegulated CountryRegulated EntityLicense TypeLicense Number
Capital Market Commission (SCMN)RegulatedMontenegroNozax a.d. PodgoricaStraight Through Processing (STP)03/2-5/5-21
license

What Can I Trade on NOZAX?

NOZAX offers traders the opportunity to trade forex, shares, indices, and commodities.

Tradable InstrumentsSupported
Forex✔
Shares✔
Indices✔
Commodities✔
Cryptocurrencies❌
Options❌
Bonds❌
ETFs❌
assets

Account Type & Leverage & Fees

NOZAX offers 3 different types of accounts to traders, which are NZX ZERO, NZX CORE, and NZX CENT.

Account TypeNZX ZERONZX CORENZX CENT
Accepted CurrenciesUSD, JPY, EUR
Maximum Leverage1:500
SpreadRaw ECN spreads from 0.0 pipsInstitutional STP spreads
CommissionUSD 2 $0
Account Types

Trading Platform

NOZAX's trading platform is MT5, which supports traders on PC, Mac, iPhone and Android.

Trading PlatformSupportedAvailable DevicesSuitable for
MT5✔PC, Web, MobileExperienced traders
MT4❌/Beginners
Trading Platform

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 MethodAccepted currenciesMinimum AmountFeesProcessing Time
Bank TransferEUR, USD, JPY$1000Up to 3 working days
Visa and Mastercard0Instant
Skrill
Sticpay
Local Bank
Deposit and Withdrawal

News

ExposureNOZAX Broker Review 2025

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).

WikiFX
2025-09-05 17:49
NOZAX Broker Review 2025
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Comments

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Ardy
3-6months
Deposit di reject tapi dana di tahan kalau reject minimal kembali kan dana saya, bukan malah ngilang tanpa tanggung jawab! aku sudah melakukan laporan email dan dukungan di aplikasi tidak ada jawaban sama sekali!!
Deposit di reject tapi dana di tahan kalau reject minimal kembali kan dana saya, bukan malah ngilang tanpa tanggung jawab! aku sudah melakukan laporan email dan dukungan di aplikasi tidak ada jawaban sama sekali!!
Translate to English
2025-10-13 15:26
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Charrge
more than one year
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.
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.
Translate to English
2024-07-18 18:23
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