NoaFX Review


NoaFX, the brokerage arm of Capital Market Investments Limited in New Zealand, is a financial broker that offers both Forex and binary options trading, a distinct offering in today’s times when most Forex brokers are distancing themselves with binary options offerings. The company is based in New Zealand and was previously registered as a Financial Services Provider (FSP), but has recently been delisted from the FSP list.   Consequently, we have serious questions about the integrity of this company and doubts as to whether the company is operating properly, if at all.

NoaFX began as a fund management company in 2006 and worked its way up until 2013 when it began offering services to retail market traders under the name NoaFX. The members of their top management team include Courtney Smith who they claim is the World's No.1 FX Trainer and Hedge Fund Manager.

NoaFX is a 100% STP broker with No Dealing Desk and more than 70% fund management trade flow. 


There are 4 different types of NoaFX trading accounts and each offers a wide range of products that include binary options, FX, energy, metals, indices, and commodities. All of these can be traded using the same platform. The smallest order size in any of the accounts is a micro lot order at 0.01 lot size or 1,000 contracts.

In the Live account category, the NoaFX Ultra account is for pure FX traders looking for tight spreads, high leverage and a small deposit of up to $5,000. The minimum deposit for this account is $10 and leverage is available up 1: 400.

Anyone depositing over $5,000 can open the NoaFX Ultra Pro which is for professional multi-instrument traders. It uses variable spreads in true market environments, 70 different products with no maximum capital restriction and the ability to trade FX, Metals, Energy, CFDs and more. Floating spreads start at 1.6 pips and maximum leverage is 1:400.

NoaFX Account Types
NoaFX Account Types

A NoaFX joint account offers all of the same great tools and resources for traders as the live individual account but the account is jointly owned and managed by more than two people.

A NoaFX corporate account allows corporate clients the flexibility needed while ensuring that larger orders can be filled quickly and effectively. Corporations tend to trade larger blocks and need to fill bigger orders and NoaFX is able to fill bulk orders quickly and effectively.

NoaFX corporate accounts offer multi-platform trading, high broker ethics, MT4 binary options and complete transparency as well as a superior clearance engine, the highest standards, and the best rates. They provide quick execution times and strive to have zero requotes.

A demo account is always appreciated by new traders and the NoaFX demo account provides traders with the opportunity to get familiar with the markets and gain trading experience without risking capital.

NoaFX also offers a MAMM account, or Multi Account Money Manager Account which allows investors to make money on the Forex market without any trading, while providing money managers the opportunity to earn additional income when they manage client funds.

NoaFX investors look through the account ratings for MAMM accounts, and then decide which money manager account they want to invest in. When the investor joins the trader’s MAMM account he/she will start trading on the account using both personal funds and the funds of the investors. Any trading profits or losses are divided up between the two groups and the percentages are based on the specific share held in the account.


NoaFX is big on CFD trading and offers clear explanations and examples of how to trade CFDs successfully.

There are several calculators at NoaFX including the Margin calculator, Stoploss calculator, Lot Size calculator and the Profit/Loss calculator.

NoaFX Calculators
NoaFX Calculators

Another key feature about NoaFX is their insurance backed deposit scheme. Under this scheme, the clients’ funds are invested under an independent trust and insured. This insurance is an added layer of protection for NoaFX’s clients as claims against the trustee cannot be paid out.

NoaFX Trust Facility
NoaFX Trust Facility


There is a full line up of educational material at NoaFX. At least one Market insight, sometimes more, is posted daily, videos on a variety of topics are available for all account holders, a full glossary of financial terms is listed and there are various blogs.

NoaFX Market Analysis
NoaFX Market Analysis

Additional market insights are available for those who sign up to receive them.


NoaFX offers funding via bank wire transfers, Credit/Debit Cards and via E-wallets such as Neteller, Skrill, Payza, China Unionpay and Fasapay. Funds made via Credit Cards are automatically deposited to the trader’s account.

Withdrawals use the same methods. A minimum deposit amount of $10 is required to start trading. And a minimum withdrawal amount currently stands at an amount equivalent to $40.

NoaFX does not impose any charges for funding a trading account. It does charge $30 or equivalent for other currencies for withdrawals made via Bank wire, Credit Cards and CUP (China UnionPay). Also, 1% of withdrawal amount will be levied for withdrawals made via Skrill.

Customer Support

NoaFX strives to provide world class customer service to all our clients, regardless of account size, volume, or profitability. They offer 30 minute-mail response time, 6 hours e-mail resolution time and 24 hours over 5 days live chat service.

Their support staff is multi-lingual and there are offices in New Zealand, Singapore and Cyprus.


NoaFX offers a diverse product offering and interesting platform optionsThe only things missing are bonuses or promotions which most brokers today utilize in order to attract more clients and regulation which would give us more confidence when investing with the company. 

Back to Top


NoaFX offers choices, choices and more choices. There are more than 8 different types of trading accounts including individual, joint, corporate and demo, and half a dozen trading platforms all of which helps a trader feel he is very much control of his trading. Other unique features, such as their regulation and insurance deposit scheme give traders a sense of transparency and trust and help to make this broker stand out from most other Forex brokers.

Back to Top


MetaTrader 4

At NoaFX, the main trading platform adopted is the online trading industry standard platform from MetaQuotes Software, the MetaTrader 4 (MT4). Traders can use the MT4 platform to trade the spot currency market as well as Contract for Difference (CFDs).

To cater for the needs fund managers from all over the world, NoaFX also offer MultiTerminal, PAMM and MAT multi account trader systems.

Recently, NoaFX also introduced a MT4 application which allows traders to trade binary options from the same platform as well. This helps to put NoaFX into a class of its own since there are hardly any major league forex brokers around that offer binary trading on the MT4 platform.

MT4 Mobile

In addition to cater to an increasingly mobile lifestyle, NoaFX has also provided their traders with mobile compatible versions of the MT4 platform for both iOS, android, iPad and iPhone devices.

Safari Trader

NoaFX is one of the few Forex brokers in the world that provides trading platforms for Apple Safari. The aim is to tailor their platforms and services keeping in pace with fast moving technology, thereby delivering our clients with swiftness. Some of the key highlights of using Safari Platform are user-friendly interface, live feed, once-click access via icon conveniently placed in the browser and access to full MT4 Trading without leaving the page you are in.

Blackberry Trader

NoaFX provides one of its kind MT4 trading solutions to all Blackberry users. Some of the benefits that come along with this platform are complete MT4 trading capabilities, access to robust charting package, live tick feeds and Forex calculators.

NoaFX FOTG Trader for BlackBerry
NoaFX FOTG Trader for BlackBerry

Back to Top

General Information

Company Information

  • Broker's Name : NoaFX
  • Headquarter : New Zealand
  • Regulation : None

Account Information

  • Type of Broker : No Dealing Desk
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Leverage : 1:499
  • Commissions / Spreads : spreads
  • Account 1 : Ultra
  • Account 2 : UltraPro
  • Account 3 : Corporate
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, Web-based, Other
    • Platform Languages :
      • English
    • OS Compatibility :
      • Mac
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • Multiple Languages
  • Support Hours : 24/5
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Ultra Tight Spreads 24/7 Support
  • No Regulation
  • No Bonuses or Promotions
  • Limited Instruments for Ultra Accounts

Back to Top

User Reviews

Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.

0 User Reviews
Add Comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Back to Top