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Sweden
2003 (23 Years)
Last online: No recent activity
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Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Nordax Group AB
Company Information
Get to know Nordax Group AB
Originally founded in 2003 as Nordax, the company has grown into a leading specialist bank in Northern Europe. Its mission is to help people make informed decisions for a life they can afford by offering simple and responsible financial products. In November 2021, Nordax Group acquired Bank Norwegian, and in June 2023, the parent company Nordax Group AB (publ) was renamed NOBA Bank Group AB (publ). The group continues to operate through its distinct, trusted consumer-facing brands, including Nordax Bank and Bank Norwegian, to serve its customers across the Nordic region and other parts of Europe.
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