NSFX

Read reviews

Advantages:

Not found

Disadvantages:

Not found

About company:

NSFX is a broker based in Malta that serves the markets of England, France, Germany, Italy. NSFX is regulated by the Malta Financial Services Authority, MFSA, MiFID, FSA, BaFin and other local licensing authorities.

With NSFX, traders can trade commodities including gold, silver and crude oil, currencies, indices and CFDs.

Company. Fund security

The MFSA is the sole regulator for financial services in Malta and applies certain rules and requirements to license holders.

In addition to the minimum capital requirement of € 730,000, licensees must regularly report and maintain internal control over all financial transactions.

Malta has been a member of the European Union since May 1, 2004. Thus, every investment company regulated by the MFSA is also entitled to offer cross-border services under the EU and the European Union Markets in Financial Instruments Directive MiFID.

As an additional guarantee of customer funds, NSFX Ltd. is a participant in the investor compensation scheme.

Moreover, NSFX Ltd. registered with a number of EU bodies, such as FCA in Great Britain, BaFin in Germany, CONSOB in Italy, CNMV in Spain, ACP in France, FINANSTILSYNET in Denmark.

Trading conditions

Minimum initial deposit

To open an account with NSFX, traders must invest at least $ 300, which is a relatively low amount, but traders can trade with other companies starting at $ 1.

Spreads and commissions

This broker has both fixed and floating spreads in its portfolio. We do not recommend a FIXED account as the fixed spreads offered are quite high at 3.0 pips on EUR / USD.

ECN account provides lower variable spreads, on average 0.9 pips on EUR / USD, but also includes commission, which is $ 8 per lot. So, basically the trading costs of ECN account holders are about 1.7 pips for the EUR / USD pair, including fees, which is a relatively high cost in Forex. In addition, to access the ECN environment, you need to invest at least $ 3,000.

Shoulder

The maximum leverage level offered by NSFX is 1: 200, which is considered average. If you need higher levels of leverage, many brokers offer up to 1: 500 and up to 1: 1000. You can find these brokers in our ranking.

Trading platforms

This broker supports the renowned MetaTrader 4 (MT4) terminal and also offers its own NSFX JForex. Both platforms are available as desktop, web and mobile versions.

MT4 is a world famous trading terminal offering a full range of tools and resources for trading: a number of built-in technical indicators, an extended set of charts, a wide range of Expert Advisors (EAs). Traders can download ready-made or create their own Expert Advisors to automate trading.

JForex's proprietary NSFX platform provides ECN / STP trading, therefore, to open a live NSFX JForex, you need to invest at least $ 3,000. The platform has a dashboard that integrates trading tools and information directly into the trading platform to allow traders to instantly execute trades without having to go from screen to screen. However, we found it odd that charts are not running by default and the overall interface is not that user-friendly.

NSFX JForex supports a wide list of direct and pending orders: Market, Limit, Stop, Stop Loss, Take Profit, Place / Bid, Trailing Stop, Stop Limit, OCO, IFD and others.

In our opinion, the best thing about NSFX JForex is the deep interbank liquidity it offers.

Education

At the NSFX Academy, traders can take advantage of many different offers.

The video course starts with basic explanations of terms and talks about trading strategies and market analysis. At the end of each segment, a short test is conducted to ensure that the trader consolidates his knowledge before moving on to the next stage. Text materials are available on the basics of Forex trading.

Sometimes webinars are offered.

The list of daily Forex quotes is constantly updated, the economic calendar is an interactive overview of the most important economic events of the day and week.

The site publishes daily market analysis and news.

Support service

Traders can contact an NSFX representative at any of the broker's international offices. Support is available via email, phone, and live chat. NSFX hours of operation are Sunday 21:00 GMT - Friday 22:00 GMT.

The NSFX website is available in English and Arabic.

Ways of payment

The following payment methods are available to NSFX clients: credit / debit cards (MasterCard, Maestro, American Express, Visa), bank transfer and popular payment systems Skrill, Neteller.

Withdrawals are processed within 1 business day, according to the NSFX website.

Pros:

regulated broker; educational materials; a choice of two trading platforms.

Minuses:

high initial deposit for an ECN account; high spreads.

FAQ - BROKER QUESTIONS NSFX

Do trader reviews affect the rating of NSFX?
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 NSFX 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 NSFX 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. NSFX received a rating of 1 out of 5 on our resource.