Founded in 2014, Novox has grown to become a leader in the field of contracts for difference (CFDs), obtaining permission from the Cyprus Securities and Exchange Commission (CySEC) and 15 other EU countries to acquire Novox Capital. In 2015, it won the award for the fastest growing CFD broker in the entire European region. In 2016, the operation center in Asia grew rapidly, with a team of 200 employees. In 2018, the company successfully launched the MT5 trading platform, allowing iOS and Android users to trade online and reference stocks to its trading portfolio. In 2020, cutting-edge technology will be introduced, and innovative solutions will be launched for more than 10 countries and regions, enabling global customers to immediately join the market.
Novox provides investors with six categories of trading products: foreign exchange, commodities, futures, cryptocurrencies, indices and stocks.
Leverage & Account
Novox has set up a total of four account types to meet the investment needs and investment strategies of different customers, mainly including MT4 standard account and zero account, MT5 standard account and zero account. The minimum deposit is $500 for standard accounts and $5,000 for zero accounts. All accounts have a constant leverage of 1:400.
Spread & Commission
The spread of the MT4 standard account is 1.1, the spread of the zero account is 0.0; the spread of the MT5 standard account is 1.1, and the spread of the zero account is 0.0. Under certain market conditions, the company may require clients to pay swap fees where they would normally be charged. Noah applies swaps daily at midnight ET MT4 server time and three daily swaps on Wednesday (midnight ET) for the applicable currency pair. Swap fees are calculated in the base currency of the user's account. Swap fees are incurred when a position remains open and are credited or debited from the trader's account when the trade is closed.
Novox provides users with the Novox MT4 and Novox MT5 trading platforms, which provide traders of all skill levels with a wealth of opportunities, advanced analytical techniques, flexible trading systems, algorithmic trading and expert advisors, and mobile trading applications. More than a hundred instruments can be traded on the MT4 platform, including foreign exchange, CFDs and futures, with complete EA functions, one-click trading, technical analysis tools with 50 indicators and charting tools, 3 chart types, allowing hedging transactions . In addition to all the functions of MT4, MT5 also has more than 80 technical analysis objects and the market depth of the latest quotes.
Novox provides users with a variety of convenient and efficient deposit and withdrawal channels, including VISA, MasterCard, Skrill, Neteller, PayTrust, Bitwallet, UnionPay and wire transfer.