Live markets
Wealth without boundaries.
FX, metals, indices and crypto, traded straight from your own wallet or from a NAX cash wallet you fund by card or crypto — or allocate to a managed programme. Trade from your own wallet and the only capital ever committed is the margin behind a position you opened.
Two ways to use it
One account. You decide who trades it.
Self-directed
Trade it yourself
Your own positions, your own sizing, your own timing, across FX, metals, indices and crypto. Opening a position locks its margin against your address in the settlement contract, where we cannot withdraw it. Everything you have not committed stays in your wallet.
The self-directed desk →Managed
Have it traded for you
Allocate to a programme run by its own manager, under exactly the same custody structure. NAX holds nothing and trades nothing on your behalf: you grant a capped, expiring, revocable mandate rather than sending anyone your money.
The managed programmes →Markets
Four asset classes, one wallet.
Giving someone a mandate should not mean giving them your money.
Nor should opening a trading account.
01
Custody is your choice
Trade from your own wallet and nothing is deposited with us: between positions your capital sits where you can see it and move it. Or keep a balance in a NAX cash wallet, funded by card or crypto.
02
Permission is narrow
What you authorise is capped in value, capped in the number of actions it allows, and expires on a date you choose.
03
You can end it alone
Revocation is a transaction you send yourself. It does not need our agreement, our cooperation, or a support ticket.
Self-directed
Your funds. Your keys. Your positions.
Every broker account starts the same way: you wire your money in and hope you can get it out. Trading from your own wallet removes that step. There is no balance to fund and nothing sitting with us between trades. The only capital ever committed is the margin behind a position you chose to open, and even that is locked somewhere we cannot reach. If you would rather keep a balance with us, the NAX cash wallet takes card and crypto deposits.
Markets
What you can trade.
One collateral balance behind every market, rather than a separate funded account per asset class.
How it works
From your own wallet: four steps, and none of them is a deposit.
Connect your wallet
A self-custody wallet you already control. We see a public address. There is no account to fund.
Set your own ceiling
You approve a maximum that can ever be drawn for margin. You choose the number, you can lower it whenever you want, and nothing above it is reachable.
Open a position
Your sizing, your entry, your timing. That position's margin locks against your address in the settlement contract for the life of the trade. Nothing else in your wallet is touched.
Close it and it unlocks
Settlement releases straight back to your wallet. No withdrawal request, no processing window, no minimum balance left behind.
Why it is different
The failures you normally have to accept do not apply.
When you trade from your own wallet:
- A broker going underThere is no client money pool to be caught in. Uncommitted capital is in your wallet, and committed margin sits in a contract that can only release it to you.
- Withdrawals being gatedNothing is withheld to release. Your balance is already where you would be withdrawing it to.
- Funds being commingledLocked margin is recorded against your own address and tracked separately from the firm's own capital. It is not pooled into a client money account and cannot be paid to anyone but you.
- A statement you cannot verifyMargin movements and settlement are written on-chain against your own address, so the record is independent of anything we tell you.
Questions
Self-directed, specifically.
Is my whole balance at risk when I open a trade?
No. Only the margin committed to that position. Loss on a position is bounded by the margin behind it and cannot reach past it into the rest of your balance.
Do I need to keep funds on the platform to trade?
No. Trading from your own wallet, there is no funded balance to maintain and nothing sits with us between trades: capital is committed only when you open a position and released when you close it. If you prefer a balance you can top up by card, the NAX cash wallet is there as an option.
Can I stop everything immediately?
Yes, and without us. Zeroing your approval takes effect the moment the transaction confirms, and no new position can be opened against you afterwards.
What do I need besides my trading capital?
Nothing. Onboarding is designed so that signing costs you nothing and does not require a separate gas token.
Can I run self-directed and managed at the same time?
Yes. They sit on the same custody structure and the same wallet, with separate permissions, so you can allocate part and trade the rest yourself.
How it works
Your money never arrives here.
Every broker you have used works the same way: you send them your capital, they hold it, and you ask for it back. Trading from your own wallet removes that step entirely. Your funds stay in your wallet. The only capital that ever moves is the margin behind a position you opened, it moves into a settlement contract rather than to us, and it comes back the moment the position closes. (Funding a NAX cash wallet instead works like a conventional account; see Cash wallet.)
The two permissions
You sign twice. Then never again.
Both are capped, both are yours to revoke, and neither one lets anybody withdraw your money. After them you can trade without signing anything, and without ever needing the network’s gas token in your wallet.
Permission one
A ceiling you choose
You set the maximum that can ever be drawn for margin. Not a balance, not a deposit — a limit. Anything above it is unreachable, and you can lower it at any time from your own wallet.
Permission two
Permission to trade, and nothing else
A signature naming who may open positions for you, until when, and how many times. It confers no ability to withdraw. You revoke it yourself, in one action, without asking us.
If we disappear
You do not need our cooperation to get your margin back.
This is the part most platforms cannot offer. If a position sits unsettled past a set window, anyone can trigger the return of its margin — you, a bystander, a script you run yourself. It is not a request to us and we cannot block it, delay it, or use it to close a winning position early. It is written into the contract, and it works whether or not this company is still answering the phone.
Being straight with you
What the contract guarantees, and what it does not.
Plenty of platforms say “on-chain” and leave you to assume it covers everything. It does not, here or anywhere, and you should know exactly where the line falls before you trade.
Guaranteed by the contract
- ✓Your margin is present and accounted for at all times
- ✓A loss can never exceed the margin on that position — you cannot end up owing
- ✓Nobody, including us, can withdraw your capital
- ✓You can always recover locked margin without our involvement
Determined by us
- ✗The price your order fills at
- ✗The profit or loss figure when a position closes
- ✗Execution quality and the spread you pay
In short: the contract makes it impossible for us to take your money, and it does not price your trade — we do, the way every broker does. Those are separate promises and we would rather you hold us to the right one.
Where to go next
Managed
A short list, deliberately.
NAX does not manage money. Programmes listed here are operated by their own managers, who make every trading decision; NAX provides the venue, the execution and the custody structure they run inside. Capacity is finite and dilution is real, so the list stays short.
Our role
A venue, not a manager.
- NAX runs the platform. Execution, market data, margin and the settlement contract. That is the whole of what we provide.
- Managers run the programmes. Each is operated by its manager, who is solely responsible for its strategy, its trading decisions and its results.
- Managers never hold your funds. A mandate lets a manager trade, not withdraw. Your capital stays in your wallet, or in your own NAX cash wallet if you use one, and no manager can move it out.
- You appoint, and you revoke. A mandate names one manager, is capped in value and dated, and can be cancelled by you alone without asking anyone.
Major FX
Apex EUR/USD
A long and short programme in the most liquid pair in the market, where execution quality is highest and slippage lowest.
Directional
Cable Momentum
A momentum programme in sterling, sized to the pair's wider ranges rather than fought against them.
Multi-pair
Macro FX Book
A diversified book across majors, run at a lower risk setting than the single-pair programmes.
The mandate
What you grant, and what it does not permit.
A managed mandate is the same permission structure a self-directed trader uses, pointed at a manager you choose instead of at you. It is capped in value, limited in the number of positions it allows, dated, and revocable by you alone. It confers no ability to withdraw.
On performance
We do not publish figures on a public page.
Performance information is provided directly to qualified prospective clients, with its basis stated plainly: the period, whether results are live or simulated, and what costs are included. A headline number on a landing page tells you none of that, and the ones that look best usually tell you least.
Custody and mechanism
Non-custodial is a structure, not a promise.
The word is used loosely. Here it means two specific, checkable things, and they apply identically whether you are trading yourself or allocating to a manager from your own wallet. NAX can never take your capital, and you never need our permission to get it back. This page is about wallet trading; a balance you deposit to a NAX cash wallet is held by NAX for you, as described under Cash wallet.
What you sign
Two permissions, both bounded.
A capped spending allowance
A standard token approval with a ceiling you set. It is not a transfer. Funds do not move when you sign it, and the ceiling is the hard maximum that could ever be drawn across every position combined.
A trading authorisation
A separate signed message naming who may open positions, until when, and how many times. It confers no ability to withdraw. For self-directed trading it names you; for a managed mandate it names the one manager you appointed. Changing it requires a new signature from you.
Boundaries
What the platform can and cannot do.
Can
- ✓Draw the margin for a specific position at the moment it opens
- ✓Hold that margin for the life of the position
- ✓Settle a closed position back to your wallet
- ✓Act only while your authorisation is unexpired and unspent
Cannot
- ✕Withdraw your capital to any address of its choosing
- ✕Reach anything beyond the ceiling you approved
- ✕Withdraw the margin locked against an open position
- ✕Touch the funds sitting in your wallet between positions
- ✕Prevent you from revoking, at any moment, without notice
The guarantees
Six things that hold on your worst day.
- No funded accountTrading from your wallet, there is no balance to top up and nothing held on your behalf between positions. The only capital ever committed is the margin behind an open trade.
- A ceiling you choseThe allowance is a number you set and can lower or zero at will. Nothing above it is reachable under any circumstances.
- An expiry and a countAuthorisation is time-limited and limited in the number of actions it permits. It lapses on its own even if you do nothing.
- Locked margin is not ours to takeWhile a position is open its margin is locked against your address. The firm's own withdrawals are bounded to its own capital and cannot touch it. It has two possible destinations: back to you, or absorbing that position's loss.
- Loss bounded per positionA losing position is bounded by the margin committed to it and cannot reach past it into the rest of your balance.
- Unilateral exitRevocation is yours alone. It is not a request, a ticket, or a notice period.
Questions
The ones that matter.
Where is my money while a position is open?
Its margin is locked in the settlement contract against your address for the life of the trade, and released back to your wallet when it closes. It is not held by NAX and we cannot withdraw it while it is locked. Everything you have not committed stays in your wallet untouched.
What if NAX disappears?
Trading from your own wallet, anything you have not committed is already in your wallet. Revoking the allowance and the authorisation ends the relationship without our involvement and stops any new position being opened.
Can I see what has happened?
Every authorisation, every margin movement and every settlement is an on-chain record against your own address. You can audit it independently of anything we tell you.
Is this the same for self-directed and managed?
Identical. The only difference is who the trading authorisation names.
Cash wallet
A balance you can fund by card.
Not everyone wants to trade from a self-custody wallet. The NAX cash wallet is the conventional alternative: you deposit by card or crypto, NAX holds the balance for you, and you move it into a trading account when you want to trade. It sits alongside wallet trading rather than replacing it, and you can use either or both.
Funding
Two ways in.
Card
Visa or Mastercard
Your card is charged in US dollars and your cash wallet is credited the same amount in USDT, one for one, the moment the payment is captured. Your bank may ask you to confirm the payment with 3-D Secure. The per-payment and 24-hour limits, and any card fee, are shown before you pay.
Crypto
USDT, USDC or BTC
Every client gets a personal deposit address: Bitcoin on the Bitcoin network, USDC on Ethereum, Arbitrum and Base, and USDT on Ethereum and Arbitrum. Deposits are credited after network confirmation, and the minimums are shown next to the address.
How it works
From deposit to trade.
Verify, for card deposits
Before your first card deposit we verify your identity: a photo ID and a selfie, reviewed by our team. Crypto deposits and wallet trading do not need it.
Deposit
Pay by card, or send crypto to your own address. The balance appears in your cash wallet with its full history.
Move it to trading
Allocate any part of the balance to a trading account, and release it back to the cash wallet whenever you like.
Withdraw
Withdrawals are paid in crypto to an address in your address book. New addresses have a 24-hour cooling-off period, and large withdrawals are approved by two people.
Questions
Cash wallet, specifically.
Who holds the money in my cash wallet?
NAX holds cash wallet balances on your behalf. That is the difference from wallet trading, where nothing is deposited with us. If you would rather nothing is ever held by NAX, trade from your own wallet instead.
Why do card deposits need identity verification?
Card payments carry fraud and chargeback risk that crypto transfers from your own wallet do not, so we confirm the person paying is the account holder before the first card deposit. It is a one-off check.
Can a card deposit be refunded to my card?
Withdrawals are paid in crypto to an address in your address book, not back to the card. If a card payment was made in error, contact support@naxmarkets.com before the funds are used.
What will I see on my card statement?
A charge in US dollars from NAX Markets for the amount you deposited, plus any card fee that was shown to you before you paid.
About
Wealth without boundaries.
The phrase is about access, not ambition. Capital should be able to reach a market, or a manager, without first crossing a border it cannot come back over.
Why the model matters
Most of what goes wrong in this industry goes wrong at the custody layer rather than the trading layer. Brokers fail, funds are commingled, withdrawals are gated, and the trader who was right about the market still loses. None of them are possible against capital a firm has no power to withdraw.
How we are built
One platform with two ways in. Traders who want to take their own positions, and clients who would rather allocate to a managed programme, on the same custody structure and the same set of permissions a client can verify without taking our word for any of it.
Contact
Request access.
Tell us which side you are coming for, trading your own funds or allocating to a managed programme, and we will come back with the detail.
Self-directed
Opening an account
Tell us the markets you trade and the jurisdiction you are resident in. Onboarding takes minutes and moves none of your capital.
Managed
Allocating to a programme
Tell us the scale you are considering. We will send performance information with its basis stated, and arrange a call to establish suitability.
Enquiries