15% deposit bonus
|Support Number||+356) 2778 1919|
|Support Types||phone, fax, live chat and email|
|Languages||English, Arabic, Italian, and German, Turkish|
|Trading Platform||MyNSFX, NSTrader platform, MetaTrader 4|
|Minimum 1st Deposit||$300|
|Minimum Account Size||$300|
|Minimum Trade Amount||$5|
|Maximum Trade Amount||$10,000|
|Bonus||15% deposit bonus|
|Payout||within 24 hours|
|Leverage||10:1 to 200:1|
|Spread||from 0.9 pips|
|Free Demo Account||Open Demo|
|Commission Info||no fees or commissions|
|Account Types||live account, practice account, ECN account|
|Deposit Methods||credit cards, Skrill/Moneybookers, wire transfer and CashU|
|Withdrawal Methods||credit cards, Skrill/Moneybookers, wire transfer and CashU|
|Trading Methods||scalping, hedging, OCO orders, guaranteed stop loss limit, negative balance protection|
|Number of Assets||1000+|
|Types of Assets||forex, stocks, commodities, indices, ETFs, CFDs|
|Trading Currency||all major forex pairs, most minor forex pairs and exotic pairs like USD/ZAR, USD/RUB and even USD versus Bitcoin|
|Account Currency||you can fund your account with any currency which will then be converted to the one desired under 'my account' tab|
|US Traders Allowed|
NSFX company information
NSFX.com is founded in 2012 and is licensed by the Malta Financial Services Authority (The MFSA). NSFX is also in full compliance with European MiFID (Markets in Financial Instruments Directive), the FSA and the regulatory bodies in Europe. NSFX.com had developed a new trading platform called MyNSFX which is basically a Meta Trader 4 platform with integrated tools so that it comes as a web trader and downloadable app. This is very modern and I think many more brokers are going to do the same in the near future as it is difficult to utilize MetaTrader 4 on the go on smartphones and tablets.
NSFX trading platform
The NSTrader is a proprietary platform designed in-house. Traders can use several MetaTrader products like Professional ECN, VIP ECN and ECN STP. Traders have all the features of MetaTrader but trade in a user friendly environment of the MyNSFX web trader. On all trading accounts NSFX implemented negative balance protection. Maximum leverage on the NSFX trading platform can be set from 10:1 all the way up to 200:1 which is considered medium-high. Spreads charged go as low as 0.9 pips on EUR/USD and other forex pairs.
NSFX customer service
The NSFX customer service is available 24/7 by email, phone, fax and live chat in English, Arabic, Italian, German and Turkish. It’s good that the customer service is available everyday instead of just on weekdays which is the case with many other forex and ECN/STP brokers. Every trader gets the help of a personal account manager that helps you with money management strategies and evaluates your trades weekly. This sort of mentorship is a ice feature offered by NSFX to both beginning and experienced traders. There are also video tutorials and weekly webinars available to educate yourself in the world of online trading.
NSFX deposits and withdrawals
Traders can deposit funds on their NSFX trading account using credit cards, Skrill/Moneybookers, wire transfer and CashU, the same methods can be used to withdraw funds. To open an account at NSFX the minimum initial deposit required is $300. Withdrawal requests are processed within 24 hours which is extremely fast compared to other brokers as you have to be a Gold or VIP account holder at other brokers to withdraw funds within a day. To withdraw funds identity documents might be requested.
NSFX review conclusion
When I review a broker I always look for a few key factors. Customer service quality, unique features, regulation and costs are the most important ones with demo account availability and leverage as secondary factors. First off, I like the way NSFX has walked the extra mile to develop a trading platform that integrates the features of MetaTrader into a user friendly web trader. The fact that withdrawals are processed within 24 hours is also quite exceptional. Spread are as low and competitive as 0.9 pips on EUR/USD and other forex pairs which is well within industry standard and even competes with spread betting platforms.
NSFX is a regulated broker under compliance by multiple regulatory bodies and licensed in Malta. Because of this traders are covered up to 50,000 pound in the rare case NSFX defaults. For European traders and people new to trading NSFX is one of the ideal brokers because of it’s user friendliness, easy-to-use trading platform and because of the assignment of a personal account manager who evaluates your trades and outcomes with you. I rate NSFX an 8/10 which could be higher if the broker accepted traders from the United States and if the trading platform and customer support would both be available in more languages.
✓ Regulated by multiple European regulatory bodies
✓ MyNSFX trading platform including all MetaTrader 4 trading features
✓ Withdrawal requests processed within 24 hours
✓ Low, competitive spreads from 0.9 pips per trade
✓ Fully customizable ECN/STP trading platform
✓ 15% deposit bonus on initial deposit
- Trade 70+ Currency Pairs
- Trade Oil, Gold & Silver
- 1:200 Leverage
- Fixed Spreads
- Hedging Allowed
- 24 Hour Customer Service
- Fast Deposit & Withdrawal
- Fully Featured MyNSFX Portal
There is no review.