NSFX Ltd Review
NSFX is an investment provider based in Malta. Due to its location it is regulated by the Malta Financial Services Authority, MFSA. However, this particular broker is also licensed and regulated in a number of other countries, including the UK, Germany, France, Italy, Spain, and Norway. So, if you choose NSFX as your Forex broker you can have complete peace of mind your investment is safe and you’re protected by a number of regulatory bodies. NSFX Ltd also complies with the latest EU Financial Directive MiFID, which provides a harmonized regulatory environment for investment services across the European Economic Area. Traders who choose NSFX can trade not just Forex, but commodities such as silver, gold, and crude oil, indices, and CFDs.
NSFX Ltd has decided to stick with MT4, the most popular trading platform. However, they also have their own proprietary platforms called NSFX Pro and NS rader trading platforms. Both have the option of mobile apps, and it’s really down to your own particular trading style what you choose. The list of available assets is extensive, and comparable with many other brokers. It includes more than 200 currency pairs, major and minor indices such as FTSE and Nasdaq.
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A choice of three different accounts for new investors
With NSFX there is a choice of three different accounts, and it’s very easy to compare the three as there is a very clear comparison table on the site. But for our readers convenience we’ll take a quick look at the three here.
Standard MT4 account – Initial minimum deposit is $300 USD, and there are more than 50 currency pairs, commodities, and indices. Leverage is up to 1:200 and spreads are fixed. Minimum trade is listed as 0.01 lots.
Professional ECN account – Minimum deposit requirement is $3,000 USD and the number of instruments for trading is the same as a standard account. Leverage is up to 1:100 and spreads are variable.
VIP account – A $50,000 deposit will get you a VIP account that offers fixed or variable spreads. Leverage can be arranged by getting in touch with NSFX. There is are a couple of additional benefits for VIP account holders. These are a personal account manager available for support and guidance, and monthly account performance analysis.
And we shouldn’t forget to mention the demo account. Open one of these and you’ll be credited with $100,000 in virtual money to help practise your strategies. As well as get a feel for the trading experience offered by NSFX.
Features that make NSFX stand out from the crowd
We’ve already covered the various assets available for trading, but there are a number of other qualities worth mentioning. NSFX offer a number of free trading tools to help traders decide which trades to make. These include technical and fundamental analysis pages that we found were up to the minute on a daily basis. Topics covered include Ichimoku Cloud, Oscillators, Fibonacci Retracement and many others. MyNSFX is a personal account management console that is also worthy of a mention. It provides access and engagement in all trading aspects, and complete control over your own trading experience. If you want your Forex trading experience to be fun and enjoyable, rather than always being serious you should take a look at NSFX fun corner. It includes jokes, memes and quotes from well known figures. There are also quizzes to test your skills and polls where you can vote on a range of different topics.
NSFX offers a wealth of educational material for both the beginner and more experienced traders
NSFX have an Academy which is open for all skill levels. But it was mainly designed for those traders who are taking their first tentative steps. At the Academy you can learn all the basics of Forex trading, as well as receive 1 on 1 training which will serve to advance your trading skills, knowledge, and help you to develop a strategy. Also available is an e-book download, webinars, a Forex course, and video tutorials.
NSFX supports a number of different payment methods including wire transfer, Visa and Mastercard, Skrill, and American Express. No fees are charged for deposits and withdrawals, apart from Skrill which incurs a 3% charge on withdrawals.
Customer support is available from a number of different international locations, including Spain, Bahrain, and Russia, along with email support and a live chat option. The opening hours are much the same as many other brokers, Sunday 21.00 GMT until Friday 22.00 GMT.
In conclusion, we can say that NSFX are a very professional broker with a lot to offer all kinds of traders, both novice and the more experienced. However, we feel there may be much more to attract beginners. Trading conditions are top notch and the customer service is prompt and friendly.