NSFX Review

NSFX
15% deposit bonus
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Overview

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… more

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Details

Broker NSFX
Website URL www.nsfx.com
Founded 2012
Headquarters Malta
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
Commissions Yes
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 No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 8

Full Review

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.

 

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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

 

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Pros

  • 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

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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