On-line since: 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. Trading conditions 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. Leverage 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). Minimum deposit 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. Spreads 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. Trading platforms 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. Payment Methods NoaFX offers a wide range of payment methods, including debit/credit cards (Visa and MasterCard), electronic payment systems (UnionPay, Skrill, Neteller, Payza, FasaPay). Pros:
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So frustrated when I cannot withdraw my profit in full. They keep giving excuses and make me waiting for two weeks without explanation.
I've enjoyed dealing with NoaFX broker on their platform. As I can deal easily and profitably. I have a $500 investment in a Mini account. Till now I can trade a perfect position with their fixed spread and I can use many analytical tools, indicators, and auto-trading systems too, while all are guided to me many profitable deals. Now my account has a $750 balance and running well, So I will continue to deal with NoaFX broker.
I have weird experience with the NoaFX broker so far! although I can't trade in the MT4 platform, As order execution isn't perfect, their spread could rise news release time and the price chart isn't clear, as i have found many false candles. NoaFX has a disappointing withdrawal service too, as they didn't pay on time. Overall I say NoaFX Brokers has horrible service in the market, who didn't know how to care and fulfill traders' needs.
Just a month ago, I registered an account at NoaFX. The experience so far is pleasant. I have nothing to complain about because the platform runs smoothly, the spread is reasonable, and the charts are always updated. I can also easily reach out to the customer support because the line is available 24/7.
I would recommend this broker. I start trading as my part time earning and I join Noa Fx where every thing is easy for me. I get help any time from its support team that is really good thing. Their support staffs are not only multi-lingual but also knowledgeable. They are really professional and customer oriented support team. I have successfully WD and get a profit of $500 after 2 days of processing. Additionally, the withdrawals have been quick, and trade executions are instant. Noa Fx has no slippage, instant executions, and excellent spreads.
I've been with NoaFX for over one year. At the starting, everything was okay fast execution, steady server, big leverage, knowledgeable customer service. From last 2 months, I have been getting a several problems like slow executions even on non volatile market, platform froze, no connection. At present, stopped I trading with them. I expect they will fix their problem as soon as possible, or else I will close my account with NoaFX.
The starting capital needed to open an account at NoaFX is very low. I can say that this broker is really great for beginners. The trading fees are also relatively low and the platform is easy to use. I also appreciate that they provide materials that could help their traders to even further enhance our skills and knowledge.
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