Overview of Naxex Invest
Naxex Invest Ltd, a company based in Cyprus, has been in operation for 10-15 years and falls under the regulation of the Cyprus Securities and Exchange Commission (CySEC) with a full license and regulatory license number 161/11. Their contact information includes a telephone number and email address. It's worth noting that Naxex Invest does not currently offer trading software, which should be taken into consideration when evaluating their services.
Naxex Invest provides access to various financial markets, including Forex, stocks, indices, commodities, cryptocurrencies, and various CFDs. They offer a single account type, which simplifies the service but caters to diverse investment preferences. The broker offers leverage of up to 1:500, which can amplify both profits and losses. Spreads, commissions, and minimum deposits vary depending on the asset class. The platform supports multiple operating systems, making it accessible to a wide range of traders. Naxex Invest also provides educational tools and customer support options. However, users should exercise caution and conduct thorough research before considering their services.
Pros and Cons
Naxex Invest offers several advantages, including regulation by CySEC, a diverse range of tradable assets, high leverage opportunities, low spreads, a low minimum deposit requirement, and various deposit and withdrawal options. However, it has limitations such as the absence of trading software, limited account choices, the potential for significant losses due to high leverage, variability in spreads and commissions, fees on deposits and withdrawals, and a lack of comprehensive investment research tools.
Is Naxex Invest Legit？
Naxex Invest Ltd is a regulated broker under the Cyprus Securities and Exchange Commission (CySEC), holding a full license (mm) with regulatory license number 161/11. The company's address is 14, Charalambou Mouskou, Artemisia Business Centre, 2nd Floor - Office 201, Strovolos, CY-2014 Nicosia, and their contact information is provided as +357 22 300 500 and info@naxexinvest.com. Please note that the information available suggests that the broker does not have trading software at this time, so caution is advised when considering their services.
Market Instruments
Currencies: Naxex Invest provides access to the foreign exchange (Forex) market, the world's largest financial market, with popular currency pairs like AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, and AUD/USD available for trading.
Stocks & ETFs: The platform allows clients to trade stocks and exchange-traded funds (ETFs) across global exchanges, including popular companies like Apple, Amazon, and Microsoft.
Indices: Naxex Invest offers access to major stock indices like the German DAX, Dow Jones, and FTSE 100, allowing traders to speculate on broader market trends.
Commodities: Traders can invest in major commodity sectors, including energy, precious metals, industrial metals, and agricultural commodities.
Cryptocurrencies: The broker offers high liquidity on top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA), among others.
CFD FX Spot: Naxex Invest offers a wide range of currency pairs for trading, such as EUR/USD, GBP/JPY, and USD/JPY.
CFD Equity: Clients can trade contracts for difference (CFDs) on a diverse selection of equities, including well-known companies like Apple, Amazon, and Facebook.
CFD Index: The platform provides access to various stock market indices, such as S&P 500, NASDAQ, and FTSE, allowing traders to speculate on market performance.
CFD Commodity: Traders can speculate on commodity price movements, including Brent Oil, Gold, and Copper, through CFDs.
CFD ETF: Naxex Invest offers CFDs on exchange-traded funds (ETFs), including popular options like SPDR S&P 500 Trust ETF and iShares iBoxx.
CFD Synthetic Derivative: The broker provides synthetic derivatives, offering exposure to a range of asset classes, including BITA Germany40, BITA Italy40, and BITA US500, allowing for diverse trading strategies.
Pros and Cons
Account Types
Naxex Invest offers a single account type, simplifying their service with one straightforward option. This account provides access to a range of financial instruments and assets, including stocks, bonds, and cryptocurrencies, making it suitable for diverse investment preferences.
Leverage
Naxex Invest offers leverage of up to 1:500 on Forex and CFDs. This means that traders can control a position worth up to 500 times their initial investment. Leverage can amplify profits, but it can also amplify losses. Therefore, it is important to use leverage responsibly and to understand the risks involved.
Spreads & Commissions
Naxex Invest's spreads and commissions vary depending on the asset class being traded. For example, spreads on forex pairs start at 0.7 pips, while spreads on stocks start at 0.01%. Commissions on forex pairs start at $3 per round turn, while commissions on stocks start at $0.005 per share.
Minimum Deposit
The minimum deposit is at $100.
Deposit & Withdraw
Naxex Invest offers a variety of deposit and withdrawal methods, including bank transfers, credit and debit cards, and e-wallets. Deposits are processed within 24 hours, and withdrawals are processed within 48 hours. There is a minimum withdrawal of $50. Naxex Invest charges a 2% fee on all deposits and withdrawals.
Pros and Cons
Trading Platforms
Naxex Invest offers a fully integrated trading platform compatible with various operating systems, including Windows, iOS, and Android, providing accessibility to a wide range of traders across different devices.
Pros and Cons
Educational Tools
Market Monitor: Naxex Invest offers a Market Monitor section that includes articles such as “Market Outlook Week 17-21 July” and “Market Outlook Week 10-14 July” by Andreas Pattichis, providing insights into global market trends and developments.
Back Office & AML – KYC Assistance: The platform offers Back Office support and AML (Anti-Money Laundering) KYC (Know Your Customer) assistance, helping traders with administrative and compliance-related tasks.
Investment Research: Naxex Invest provides investment research resources to help traders make informed decisions. Specific examples of research reports or tools are not mentioned.
Autochartist: Traders have access to Autochartist, a tool that can assist in identifying trading opportunities based on technical analysis.
Fully Integrated CRM: Naxex Invest offers a fully integrated Customer Relationship Management (CRM) system, which can help traders manage their interactions and relationships with the platform.
PSP Introduction: The platform introduces PSP (Payment Service Provider) services, which can facilitate financial transactions and payments. Specific details about these services are not provided in the description.
Customer Support
Naxex Invest provides customer support through various contact options. You can reach them at their telephone number, +357 22 300 500. Additionally, you can contact them via email by filling out a form with your name, email address, and the reason for contact. The company's registered address is Annissa Court, 134 Agias Fylaxeos & Amisou Street, 4th Floor, 3087 Limassol, Cyprus, while their head office is located at Artemisia Business Centre, 14 Charalampou Mouskou Street, 2nd Floor, Office 201, 2014 Nicosia, Cyprus.
Conclusion
In conclusion, Naxex Invest Ltd operates as a regulated broker under CySEC and offers a variety of financial instruments for trading, including currencies, stocks, indices, commodities, cryptocurrencies, and CFDs. The broker provides a single account type and offers leverage up to 1:500, which can be both an advantage and a risk. Spreads and commissions vary by asset class, and the minimum deposit required is $100. While they offer accessibility through a fully integrated trading platform and provide some educational tools like market monitoring and KYC assistance, specific details about their investment research and PSP services are not provided. Customer support is available through multiple channels. However, it's worth noting that caution should be exercised due to the absence of trading software mentioned in the available information.
FAQs
Q: Is Naxex Invest a legitimate company？
A: Yes, Naxex Invest Ltd is a regulated broker under the Cyprus Securities and Exchange Commission (CySEC) with a full license and regulatory license number 161/11.
Q: What financial instruments can I trade with Naxex Invest？
A: Naxex Invest offers a wide range of instruments, including currencies, stocks, ETFs, indices, commodities, cryptocurrencies, and various CFDs.
Q: What is the minimum deposit required to start trading with Naxex Invest？
A: The minimum deposit is $100.
Q: What leverage does Naxex Invest offer？
A: Naxex Invest provides leverage of up to 1:500 on Forex and CFDs.
Q: How can I contact Naxex Invest's customer support？
A: You can reach Naxex Invest's customer support by phone at +357 22 300 500 or via email through their website's contact form.
