NOAFX

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Advantages:

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Disadvantages:

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About company:

NoaFX offers trading in currency pairs, CFDs, commodities and indices.

NoaFX is a brokerage company established in New Zealand. It is a subsidiary of Capital Market Investments (CMI).

The company is based in New Zealand and was previously registered as a Financial Services Provider (FSP) but was recently delisted from the FSP. Hence, we have serious questions about the performance of this company and doubts as to whether the company is operating properly.

NoaFX is an STP broker with No Dealing Desk.

Trading conditions

There are different types of NoaFX trading accounts.

The NoaFX Ultra account is for FX traders looking for fixed spreads, high leverage up to 1: 500 and a deposit of up to $ 5,000.

The NoaFX Pro account is designed for professional traders with multiple instruments and offers a real market environment, including low variable spreads and 70 different products with no maximum capital cap.

Indices and commodities can only be traded by pro account holders. Scalping, Arbitrage and Social Trading are also only available on a Pro account.

Except for these two types of accounts, this broker also has a MAMM (Multi Account Money Manager Account) account.

In addition, NoaFX offers corporate and joint accounts as well as a demo account which is always appreciated by newbies.

Leverage

Traders have a wide range of leverage options to choose from with NoaFX. The default leverage for all NoaFX accounts is 1: 100 and the maximum available leverage is 1: 500 (for Ultra Account).

Minimum deposit

The minimum initial deposit is $ 10 for Ultra Account, while for Pro Account it is $ 1,000. For comparison purposes, some brokers require a minimum initial deposit of $ 10,000, while others require $ 1.

Spreads

As for the average spreads offered by this broker, they are about 1.2 pips for EUR / USD and about 0.7 pips for EUR / GBP. NoaFX only charges commission fees of $ 0.5.

Trading platforms

The main trading platform at NoaFX is MetaTrader4. NoaFX provides its traders with MT4 version for PC as well as mobile for iOS, Android, iPad and iPhone devices.

Web Trader is a platform that allows NoaFX clients to trade without having to install an application on their computer.

NoaFX is one of the few Foex brokers in the world that provides trading platforms for Apple Safari - Safari Trader. Moreover, the broker provides MT4 to all Blackberry users by offering the Blackberry Trader platform.

This broker has developed a number of useful trading tools, including several useful calculators (margin, stop loss, lot size and profit / loss calculators), as well as the so-called Signal Trader - an innovative trading solution that allows you to copy the trades of more successful traders to your trading account NoaFX.

Ways of payment

NoaFX offers a wide range of payment options including debit / credit cards (Visa and MasterCard), electronic payment systems UnionPay, Skrill, Neteller, Payza, FasaPay.

Pros:

average spreads; a large selection of trading accounts.

Minuses:

not regulated.

FAQ - BROKER QUESTIONS NOAFX

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Can the broker NOAFX be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. NOAFX received a rating of 1 out of 5 on our resource.