Nolaxie (nolaxie.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 1275 Pennsylvania Avenue NW Washington DC 20004 USA; 119 Heald Grove Rusholme Manchester M14 4P This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: nolaxie.com.
Nolaxie (nolaxie.com) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Multiple order types|Educational resources|Regular updates|Two-factor authentication
Cons: Account statements could be more detailed|Minimum deposit could be lower
The platform at Nolaxie (nolaxie.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for the past year and a half of dealing with this, I have had enough.
Pros: Low minimum deposit|Portfolio tracking tools|Easy withdrawals
Cons: Search feature is basic
I had a dispute with Nolaxie (nolaxie.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Educational resources|Great customer service|Low minimum deposit
Cons: Minimum deposit could be lower|Some tools only available on higher tiers
After for just over a year with Nolaxie (nolaxie.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Fast execution|Stable platform
Cons: No phone support on weekends|Nothing significant
I wanted to transfer my portfolio from another broker to Nolaxie (nolaxie.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Good analytical tools|Copy trading available|Fast deposits|Professional team
Cons: Wait times can be long during peak hours|Desktop app not available on Linux
I had high hopes for Nolaxie (nolaxie.com) after hearing about them at a conference, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Fast deposits|Great customer service
Cons: Withdrawal takes 1-2 business days
The hidden fees at Nolaxie (nolaxie.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Competitive fees|Quick verification|Smooth onboarding
Cons: Inactivity fee applies after 12 months|No live chat on mobile
After spending for close to eighteen months trying to make Nolaxie (nolaxie.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Low minimum deposit|Smooth onboarding|Easy withdrawals
Cons: Website design could be more modern
I found Nolaxie (nolaxie.com) when my bank disappointed me and I searched for alternatives and the initial impression was positive. But for roughly four months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Reliable uptime|Market news feed
Cons: Onboarding videos are outdated
I experienced a security concern with my Nolaxie (nolaxie.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Instant funding|Stable platform|Detailed reporting|Regular updates
Cons: Alert system is basic