About the 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 recently it has been removed from the list of FSPs. We have serious questions about the company’s activity as well as doubts does it work in a proper manner.
NoaFX is a STP-broker with No Dealing Desk.
There are different types of trading accounts at NoaFX.
The NoaFX Ultra account is for FX traders who are looking for fixed spreads, high leverage, up to 1:500, and deposits of up to $5,000.
The NoaFX Pro account is for professional traders. It features a real market environment, including low variable spreads and 70 different products without an upper limit for the capital.
Indexes and commodities are available only for Pro account holders. Scalping, Arbitrage and Social Trading are also available only on the Pro account.
In addition to these two types of account, this broker has a MAM account (Multi Account Manager).
Moreover, NoaFX offers corporate and joint accounts, as well as a demo account which is a boon for beginners.
Traders have a wide range of leverage options. The default leverage is 1:100 for all NoaFX accounts, and the highest available leverage is 1:500 (for the Ultra account).
The minimum initial deposit is $10 for the Ultra account, while for the Pro account it is $1,000. Let’s compare. Some brokers require a minimum initial deposit of $10,000, while others, only $1.
An average spread offered by this broker is about 1.2 pips for EUR/USD and about 0.7 pips for EUR/GBP. NoaFX charges a commission fee of only $0.5.
The main trading platform of NoaFX is MetaTrader4. NoaFX provides its traders with the MT4 platform for PCs as well as mobile devices (iOS, Android, iPad, and iPhone).
Web Trader is a platform that allows NoaFX customers to trade without having to install the application on their devices.
NoaFX is one of few forex brokers in the world that provide 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 deals of the most successful traders to your trading account with NoaFX.
NoaFX offers a wide range of payment methods, including debit/credit cards (Visa and MasterCard), electronic payment systems (UnionPay, Skrill, Neteller, Payza, FasaPay).
NoaFX 1/10 (votes 2186)