NICOFX

Read reviews

Advantages:

Not found

Disadvantages:

Not found

About company:

NICOFX has been operating since 2013 and is an STP broker. It offers 38 currency pairs, spot metals, oil and CFDs trading.

Company. Fund security

The brand is operated by Mount Nico Corp Ltd., which is headquartered in Cyprus. The company is licensed by CySEC. Moreover, the company has another Forex brand GreatSky.

According to CySEC rules, companies must have € 730,000 in their accounts, keep investors' funds in segregated accounts, participate in the Investor Compensation Fund and regularly report to the regulator.

All these requirements minimize the risks of deceiving traders by the broker. According to the MiFID directive, the NICOFX broker can operate throughout the European Union.

Trading conditions

This broker offers account types: Standart, Premium and VIP, as well as swap-free Islamic accounts. All accounts have STP / ECN execution, variable spreads and micro lots available for trading.

Margin call - at 100%; stop-out - 50%.

Minimum initial deposit

To open an account with NicoFX, traders must deposit $ 100. There are brokers with whom you can trade even for $ 1, you can find them in our rating.

Spreads and commissions

Variable spreads in NicoFX start at 2.6 pips on EUR / USD, while the industry average for variable spreads for the same pair does not exceed 2 pips.

Leverage

The maximum leverage is 1: 200. However, many brokers offer even higher levels, for example up to 1: 500 or even up to 1: 1000.

Keep in mind that the leverage for gold and silver is fixed at 1: 100.

Trading platforms

This broker supports the most popular Forex trading platform MetaTrader4, available in desktop version, browser and mobile apps.

The platform combines an accessible, user-friendly interface with a wide range of useful features, making it suitable for both beginners and professional traders. MT4 provides a range of technical indicators, charts, Expert Advisors, trading signals, and more.

Ways of payment

The following payment methods are available to NicoFX customers: credit / debit cards, bank transfers, China Union Pay and Skrill e-wallet.

Pros:

regulated broker; no commission (STP execution); MT4 is available.

Minuses:

high spreads; there is no choice of trading platforms.

FAQ - BROKER QUESTIONS NICOFX

Do trader reviews affect the rating of NICOFX?
Any review can raise or lower the company's rating. To read the reviews, go to the forex or binary brokers rating and select the broker you are interested in.
How to leave a review about NICOFX on the ita.promo website?
To leave a review about the broker, scroll down the page, enter a valid email and your review with an overall rating. Reviews are moderated and tracked by the number of comments left from one IP or email. The site's technical support may request real documents proving that the user was or is a client of the broker. This rule applies to both negative and positive reviews. We want our portal to be honest and independent.
Can the broker NICOFX be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. NICOFX received a rating of 1 out of 5 on our resource.