Welcome to Our Best Forex Broker Review Website. For today’s post, we are doing NSFX Review. This review will cover all the important aspects of this broker such as account types, trading platforms, assets or markets, payment methods, accepted countries, customer support, educational resources, pros/cons, and lastly our final verdict. So if you are planning to trade using this broker then check out this review to an end.
Let’s get started!
What is NSFX?
NSFX Ltd., a forex and CFD broker controlled by the MFSA, was established in 2012. The corporation serves markets in English, French, German, Italian, and Arabic. John Cassar Torregiani, the brokerage’s CEO, has a long history of international banking and EU policymaking. A renowned financial services lawyer in Malta, David E. Gristci TEP, is also a director at NSFX.
The broker’s board of directors, oversight, and client fund security all point to its reliability.
Let’s get into the details of the NSFX Review!
NSFX: Law and Regulation
The Malta Financial Services Authority regulates NSFX Limited (MFSA). Other European regulatory agencies, such as the BaFin, ACP, Consob, CNMV, and Finanstilsyne, track the broker. Furthermore, NSFX is MiFID-compliant. The above-mentioned financial bodies’ regulatory supervision ensures a high degree of accountability and confidence.
NSFX Ltd. also contributes to a restitution fund. This safeguards 90% of investor assets up to €20,000 against insolvency. Negative balance security and customer funds segregation with respectable affiliate banks like Barclays contribute to the broker’s trustworthiness. In general, we are certain that NSFX Ltd. is not a fraud.
NSFX: Trading platform
In this section of NSFX Review, we will discuss the trading platforms offered by this broker to its users. The JForex terminal and the well-known MT4 platform are available from NSFX. Both are available for download on desktop and handheld computers, as well as via WebTrader solutions.
It is suitable for beginners as well as professionals, with a variety of flexible analytical features. The desktop version has the most features, including extra charting software, tactics, metrics, and expert advisors.
- Powerful charting applications
- Custom trading ideas
- Multiple execution modes
- Real-time quotations and one-click trading
- Automated trading warnings and market signals are just a few of the highlights.
JForex is also appropriate for traders with all levels of experience. Traders can link directly to the markets using ECN and STP technologies. Top-tier liquidity and execution are available on the website, resulting in tighter spreads. Custom methods and scripting are possible thanks to the built-in API.
- Safe login
- Tight spreads
- Rapid execution
- ECN & STP trading
- Cross-connected channels
- Over 180 technical metrics
- An integrated economic calendar is just a few of the notable features.
The MT4 software, which is designed for traders on the go, gives you direct access to your trading portfolios and settings. Instant and pending requests, as well as floating spreads and hundreds of technical indicators, are all available. The MT4 app is an outstanding mobile forex trading solution because it is user-friendly and secure.
The JForex software, which is available on Apple and Android, has a sleek interface and a plethora of charting and analytical methods. We suggest using the desktop JForex app for maximum trading capabilities.
NSFX: Trading Accounts
This section of NSFX Review will cover all the trading account offered by this broker to its users. There are three account forms to choose from, each suited to the needs and skillsets of different traders. In both accounts, the minimum exchange size is 0.01 lot.
This account aims to trade big forex pairs with fixed spreads. A $300 deposit is required. There is no commission and the execution is instantaneous. Scalping and the use of specialist consultants are not permitted.
This account provides flexible spread prices on forex, indexes, and commodities. A deposit of $3,000 is required. The fee for each lot is $8. Market execution is available, as well as scalping and expert advisors.
This account provides variable spreads and DOM data on forex, indices, and goods. The minimum deposit is $5,000, with an $8 commission per lot. Scalping is permitted, and professional advisors are available. The JForex account is also given a personal account manager.
NSFX has a free trial account that allows you to practice trading in a virtual market environment. The account has a $100,000 virtual opening balance which can be used on both the MT4 and JForex platforms. This is a fantastic way for new traders or experienced investors to get a feel for the broker’s resources and techniques without losing any money.
NSFX: Assets and Markets
In this part of the NSFX Review, we will highlight the assets and markets available to traders. There are more than 140 things to trade with:
- Forex – a total of 50 currency pairs are available, including all majors.
- Indexes – The FTSE, DAX, and US 30 are all leading global indices.
- Commodities – These include precious metals like gold and silver, as well as crude oil.
Although this is a good list, we would have loved to see cryptocurrencies including Bitcoin.
NSFX’s spreads are reasonably favorable. Depending on the account form, fixed and variable spreads are possible. During times of low liquidity and high volatility, variable spreads will expand dramatically.
Spreads on forex major pairs:
- EUR/USD – 0.5 pips
- GBP/USD – 1.2 pips
- USD/JPY – 1.4 pips
- USD/CHF – 1.2 pips
Spreads on major indices:
- FTSE 100 – 3.0 fixed spread, 1.3 ECN spread, 0.05% commission
- USA 30 – 4.0 fixed spread, 3.0 ECN spread, 0.01% commission
- DAX 30 – 3.0 fixed spread, 1.5 ECN spread, 0.05% commission
Leverage is capped at 1:30 as an EU-regulated trader. This equates to a margin requirement of 3.33 percent. This is consistent with the practices of the most credible online brokers. Often proceed with caution by using leveraged investing, as it has the potential to magnify all gains and losses.
NSFX: Deposit and Withdrawal Methods
This section of NSFX will cover all the deposit and withdrawal methods available to traders.
NSFX accepts a variety of deposit and withdrawal processes. Any deposit is safe, stable, and traceable. For either of the payment options, there are no deposit fees:
- Wire transfer
NSFX: Accepted Countries
In this portion of the NSFX Review, we will provide you the names of the countries accepted by this broker. Traders from Australia, Thailand, Canada, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and the majority of other countries are accepted by NSFX.
Traders from the United States are unable to use NSFX.
NSFX: Customer Support
In this section of NSFX Review, we will reveal the customer support services provided by this broker to its users. The ‘Contact Us’ part of the website contains international phone numbers and email addresses.
Email – email@example.com
- Live chat – logo on website
- Malta HQ telephone – (+356) 2778 1919
Unfortunately, we received very slow responses via live chat and email, which could put some traders off.
This part of NSFX Review will cover all the educational resources provided by this broker to its users. NSFX has a wealth of instructional materials. Webinars, animations, and eBooks on a variety of subjects can be found in the academy section of the website. From beginner classes to advanced strategy tutorials, the instructional material is well-designed, illustrated, and selected.
Trading Central, an advanced analytics provider, has now collaborated with the broker. Regular emails, a website, and a plug-in for your MT4 account are all available.
NSFX can also be used for the Guardian Angel MT4 plug-in. To take advantage of live trading environments, Guardian Angel provides real-time risk advice and investor reviews. An economic calendar, financial news, and quantitative analyses from the broker’s analysts are among the additional instruments.
NSFX: Pros and Cons
In this section of NSFX Review, we will summarize the benefits and drawbacks of this broker.
- $300 minimum deposit
- MT4 trade
- ECN infrastructure
- MFSA enforcement
- Educational tools
- Slow customer service
- Cryptocurrency is not available
- No VPS
- No clients from the United States
Conclusion NSFX Review
Finally, we have the end of this NSFX Review. NSFX is a transparent broker. The website and forums are simple to use, and there are several instructional resources available. Although the brokerage does not have the widest variety of financial instruments, the spreads are fair, and live accounts are available. NSFX’s tight regulatory oversight is also an indication that the firm is legal and trustworthy.
So if you are still interested to trade through this broker then don’t forget to try this in the Demo Account to see how it works in your case.