https://www.novazx.com/
Website
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
novazx.com
Server Location
Russia
Website Domain Name
novazx.com
Server IP
185.231.153.239
To satisfy traders of different experience levels, Novazx provides four account types: Mini, Classic, Premium, and Executive. Anyway, with a minimum deposit of $2,500, many traders may prefer a cheaper broker.
Pros | Cons |
Multiple trading assets | High minimum deposit |
Various account types | Not regulated |
7/24 customer support | No free demo accounts |
Novazx was established in the United Kingdom by NameCheap. Inc.; however, the FCA, the local financial regulator, does not have any information relating to it.
Novazx offers 7 trading options, including forex, CFDs, stocks, cryptos, currency pairs, commodities and indices.
Tradable Instruments | Supported |
Forex | ✔ |
CFDs | ✔ |
Stocks | ✔ |
Cryptos | ✔ |
Commodities | ✔ |
Indices | ✔ |
Metals | ❌ |
Novazx provides 4 account types: Mini, Classic, Premium and Executive.
Mini accounts are suitable for small and new traders.
Classic accounts are suitable for experienced investors.
Premium accounts fit for professional ones.
Executive accounts are for institutional investors.
Account Type | Minimum Deposit | Maximum leverage |
Mini | $2,500 | 1:100 |
Classic | $5,000 | |
Premium | $25,000 | |
Executive | $100,000 |
Novazx claims to offer low and competitive spreads but not specified. And also, no any info on commissions. The only available info on fees is their inactivity fee ($36 monthly).
Trading Platform | Supported | Available Devices | Suitable for |
Web trader | ✔ | Windows | Beginners |
Novazx requires a minimum deposit of $2,500. But the minimum withdrawal is not mentioned.
Deposit Options | Min. Deposit | Processing Time |
Bank transfer | $2,500 | Within 2 business days |
Withdrawal Options | Min. Withdrawal | Processing Time |
Credit cards | Not metioned | Within 2 business days |
Crypto | Not metioned | Within 2 business days |
Contact Options | Details |
Phone | +27784856839 |
support@novazx.com | |
Support Ticket System | ❌ |
Online Chat | 24/7 |
Social Media | ❌ |
Supported Language | English |
Website Language | English |
Physical Address | Royal Chambers Business Centre, Royal Ave, Guernsey GY1 1WA, Guernsey |
To sum up, Novazx is friendly to customers and provides a 24/7 online chat to resolve customers' issues at any time. On the other hand, no demo accounts may result in the loss of many beginners. This broker is well-suited for customers who want to invest in the long term and don't care about regulation.
Is Novazx safe?
No, Novazx is not regulated.
Is Novazx good for day trading?
No, because the processing time of deposit and withdrawal is too long (2 days).
What kind of trading platform does Novazx offer?
Instead of the industry-leading MT4/5, Novazx only offers a web trader.
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