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NOZAX -

Score

2.76 /10
Danger

NOZAX

Montenegro

2-5 years

Regulated in Montenegro

Derivatives Trading License (STP)

Suspicious Operational Region

Medium Risk

https://nozax.com

Influence

C

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Comparison

Quantity 7

Exposure

Time Machine
Website

Score

Regulatory Index3.58

Business Index6.52

Risk Management Index4.43

Software Index4.71

License Index3.02

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

NOZAX AD

Company Abbreviation

NOZAX

Platform registered country and region

Montenegro

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2026-10-28
  • Current data indicates that this broker does not have trading software. Please be aware of the risk.
  • WikiFX has received 5 investor complaints against this broker. Please be aware of the risks.

WikiFX Verification

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

I made a withdrawal

I made a withdrawal of funds but they have not arrived in my account yet

2026-10-08 13:14
Unable to Withdraw

Withdrawal

Why did my withdrawal funds fail, and why didn't they return to my wallet account again?

2026-05-15 12:47
Resolved

My deposit was rejected

My deposit was rejected but the funds are held. If rejected, at least return my money, instead of disappearing irresponsibly! I've already reported via email and support in the app, but there's no response at all!!

2025-10-13 15:26
Scam

Fraudulent broker, withdrawals cannot be made even though they have been completed, but the funds have not been entered into the account, the help ticket has not been responded to, the email has not been responded to, in essence, the fraudulent broker, don't want to use theFraudulent broker, withdrawals cannot be made even though they have been completed, but the funds have not been entered into the account, the help ticket has not been responded to, the email has not been responded to, in essence, the fraudulent broker, don't want to trade with the NOZAX broker again.

Fraudulent broker, withdrawals cannot be made even though they have been completed, but the funds have not been entered into the account, the help ticket has not been responded to, the email has not been responded to, in essence, the fraudulent broker, don't want to use theFraudulent broker, withdrawals cannot be made even though they have been completed, but the funds have not been entered into the account, the help ticket has not been responded to, the email has not been responded to, in essence, the fraudulent broker, don't want to trade with the NOZAX broker again.

2026-08-09 00:15
Others

Been using it for 3 months

Been using it for 3 months, suddenly now the deposit hasn't even come in yet

2026-10-28 15:24
Unable to Withdraw

A broker with terrible withdrawal service—I’ve been waiting for 24 hours, and I’ve already reported it to customer service but haven’t received a response.

A broker with terrible withdrawal service—I’ve been waiting for 24 hours, and I’ve already reported it to customer service but haven’t received a response.

2026-07-24 06:57
Scam

Deposit rejected, funds held without response

Deposit was rejected but funds are held. If rejected, at least return my funds, not disappear without responsibility! I've reported via email and website but there has been no response at all for almost 1 month, please!!!

2026-09-17 15:46
    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 Review 2026: Comprehensive Safety Assessment

    NOZAX is a Montenegro-based financial provider established in 2022, offering MetaTrader 5 access under SCMN regulation. However, a low WikiFX score of 3.87, combined with recent user complaints regarding withheld deposits and a lack of advanced authentication measures, suggests traders should exercise caution.

    WikiFX
    2026-02-04 14:00
    NOZAX Review 2026: Comprehensive Safety Assessment

    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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    User comment

    15

    Comments

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    0755_Yusron Fahman
    0-3months
    udah make 3 bulan ,tiba tiba sekarang deposit belom juga masuk
    udah make 3 bulan ,tiba tiba sekarang deposit belom juga masuk
    Translate to English
    2026-10-28 15:24
    Reply
    0
    0
    FX3161209431
    0-3months
    saya melakukan penarikan dana namun belum masuk ke rekening
    saya melakukan penarikan dana namun belum masuk ke rekening
    Translate to English
    2026-10-08 13:14
    Reply
    0
    0
    7