NoaFX: Safe Broker with Thousands of Happy Clients
4 stars based on
NoaFX is a Forex broker that is owned and operated by a team of financial investors who are known to run a successful hedge fund. Initially known as the Capital Markets Investments Limited, the group has an extensive history in the financial markets by managing funds for both public as well as binary option on noafx account investors from as early as Since the broker is operated by professionals that have extensive experience in the industry, traders can be assured of a top-quality environment that offers unprecedented access to the world of currency transactions.
NoaFX regulation seems to be one of the sore points for the broker, as the company has allegedly run into some troubles with its primary regulatory organization. However, the FMA has gone on record to warn its investors about the potential conflict of interest with NoaFX by terming it as an unregulated entity that does not have the proper authorizations from the NZ Government.
The fallout with the FMA, or the lack of any regulatory licenses in the first place, should be a huge deterrent for a majority of traders in the industry that are looking to binary option on noafx account an account with a safe and regulated broker. The broker, in its defense, follows almost all the policies and guidelines that are usually implemented for regulated Forex brokers, such as holding client money in segregated accounts, creating routine third party audits, and having an insolvency procedure in place to protect traders from broker liquidation.
As of the information available with the customer support, the company appears to be registered in St. Vincent and the Grenadines, but the regulatory status does sound dubious at best.
Fundamentally, NoaFX offers ECN as the standard protocol for all traders, and the binary option on noafx account does not support any other kind of standard or micro accounts. There is also a small commission per trade amounting to 0. Therefore, the Ultra binary option on noafx account is certainly one of the best ECN accounts available in the market. The Pro account, however, is very confusing, especially due to the spreads, which start at 1.
Although the Pro account connects the trader to 71 different liquidity providers through state of the art ECN protocols, the trading conditions are worryingly less beneficial than the Ultra account. The maximum NoaFX leverage for the Ultra account is 1: Nevertheless, the Pro account provides more instruments such as commodities and indices, along with features such as scalping, social trading, trading signal notifications, and no commissions per trade.
The two different NoaFX accounts may seem binary option on noafx account to clients, especially due to the inconsistency in features and trading conditions. The broker supports mobile trading through its MT4 NoaFX mobile apps, which is once again the proprietary platform designed by MetaQuotes, the leading software service provider for FX trading.
The speed of execution and reliability of the NoaFX trading platforms are steady and reliable, without any nasty surprises regarding dropped connectivity or latency issues. Larger traders, institutional investors, and money managers can make use of the corporate accounts, or the MAMM accounts for trading the FX market either through managed accounts or by investing in other MAMM accounts. The MT4 Multi-Account platform offers an excellent tool for traders to unify several investor accounts into a single trading account and enjoy more profits at considerably fewer costs of account management.
NoaFX also offers the option of Binary Options trading through its proprietary platform, but most experienced traders stick to the binary option on noafx account FX market for stability and decreased volatility. Binary options may not be suitable for all investors, but Forex traders can use the option if they wish to binary option on noafx account the thrills of binary trading without risking too much capital.
Therefore, smaller traders can benefit from the excellent trading environment that can be enjoyed with a small investment, without worrying about the safety of your large capital. Until then, Forex traders from any market and of any stature must exercise caution while dealing with unregulated Forex brokers. Broker with extensive history in binary option on noafx account financial markets Up to 1: Vincent and the Grenadines.