NOZAX Spreads, leverage, minimum deposit Revealed

WikiFX | 2026-04-20 22:51

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