Nozax Trading – Account Types and Fees Explained

Nozax offers risk-free demo accounts and three live account types, as follows:

1. NZX ZERO Account

• Minimum Deposit: $0
• Commission: $2 per side (In & Out)
• Spreads: Raw ECN spreads from 0.0 pips
• Leverage: Up to 1:500
• Base Currencies: USD, JPY, EUR
• Trade Size: From 0.01 lots

The NZX ZERO account is suitable for traders who prefer direct market access with very tight spreads. The $2 commission per trade is a reasonable fee considering the low spread structure. This account is ideal for active traders looking to make multiple trades.

2. NZX CORE Account

• Minimum Deposit: $0
• Commission: $0 per trade
• Spreads: Institutional STP spreads
• Leverage: Up to 1:500
• Base Currencies: USD, JPY, EUR
• Trade Size: From 0.01 lots

The NZX CORE account is perfect for traders who are looking for competitive pricing with institutional spreads and no commission fees.

3. NZX CENT Account

• Minimum Deposit: $0
• Commission: $0 per trade
• Spreads: Institutional STP spreads
• Leverage: Up to 1:500
• Base Currency: USC (USD Cent)
• Trade Size: From 0.01 lots

The NZX CENT account is designed for traders who prefer to trade in cent-based accounts. With no commission and institutional spreads, this account is well-suited for those starting with smaller deposit sizes or trading Gold and Silver.

Fees and Other Charges

• Commission:
• NZX ZERO: $2 per trade (In & Out)
• NZX CORE & NZX CENT: No commission on trades
• Spreads:
• NZX ZERO: Raw ECN spreads from 0.0 pips
• NZX CORE & NZX CENT: Institutional STP spreads

❓FAQs about Nozax Account Types & Fees

What is the minimum deposit for Nozax accounts?

No minimum deposit.

What are the commission charges for each account?

• NZX ZERO: $2 per side (In & Out).
• NZX CORE & NZX CENT: No commission charges.

Are there any hidden fees?

No explicit hidden fees are mentioned, but the spreads are the main cost of trading.

Can I trade cryptocurrencies with Nozax?

No, cryptocurrencies are not available on any Nozax account.

How can I calculate trading costs?

Trading costs are mainly determined by spreads and commissions (for NZX ZERO). Spreads start from 0.0 pips for NZX ZERO, and institutional STP spreads apply for the other accounts.

Can I use Expert Advisors (EAs) with Nozax accounts?

Yes, MT5 is supported across all account types, which allows for automated trading using Expert Advisors (EAs).