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Global Broker Regulation & Inquiry App

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Novazx

United Kingdom|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.novazx.com/

Website

Rating Index

Contact

+27 784856839
support@novazx.com
https://www.novazx.com/
Royal Chambers Business Centre, Royal Ave, Guernsey GY1 1WA, Guernsey

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic information

Registered region
United Kingdom
Operating period
1-2 years
Company Name
Novazx
Abbreviation
Novazx
Company employee
--
Customer Service Email Address
support@novazx.com
Company website
Company address
Royal Chambers Business Centre, Royal Ave, Guernsey GY1 1WA, Guernsey
Keywords 4
1-2 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Account Information
Website
Company Summary
Review

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Official website

Website

  • novazx.com

    Server Location

    Russia

    Website Domain Name

    novazx.com

    Server IP

    185.231.153.239

Company Summary

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.

Novazx's homepage

Pros and Cons

Pros Cons
Multiple trading assetsHigh minimum deposit
Various account typesNot regulated
7/24 customer supportNo free demo accounts

Is Novazx Legit?

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.

No license
Domain information

What Can I Trade on Novazx?

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

Account Type

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 $2,5001:100
Classic$5,000
Premium$25,000
Executive$100,000

Novazx Fees

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

Trading PlatformSupported Available Devices Suitable for
Web traderWindowsBeginners

Deposit and Withdrawal

Novazx requires a minimum deposit of $2,500. But the minimum withdrawal is not mentioned.

Deposit Options

Deposit Options Min. DepositProcessing Time
Bank transfer$2,500Within 2 business days

Withdrawal Options

Withdrawal Options Min. Withdrawal Processing Time
Credit cardsNot metionedWithin 2 business days
CryptoNot metionedWithin 2 business days

Customer Service

Contact Options Details
Phone+27784856839
Emailsupport@novazx.com
Support Ticket System
Online Chat24/7
Social Media
Supported LanguageEnglish
Website LanguageEnglish
Physical AddressRoyal Chambers Business Centre, Royal Ave, Guernsey GY1 1WA, Guernsey

The Bottom Line

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.

FAQs

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.

Keywords

  • 1-2 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
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