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NSFX Review

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NSFX is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies and indices.

Pros

  • Segregates client funds
  • Established in 2010
  • Regulated by MFSA
  • Min. deposit from $300

Cons

To open a live account, you’ll need a minimum deposit of at least $300. Alternatively, NSFX offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by . NSFX puts all client funds in a segregated bank account and uses tier-1 banks for this. NSFX has been established since 2010, and have a head office in Malta.

Before we dive into some of the more detailed aspects of NSFX ’s spreads, fees, platforms and trading features, you may want to open NSFX ’s website in a new tab by clicking the button below in order to see the latest information directly from NSFX.

Visit NSFX

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

NSFX screenshot Open a demo account

80.3% of NSFX Limited’s retail investor accounts lose money when trading CFDs with NSFX Limited

What are NSFX's spreads & fees?

Like most brokers, NSFX takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on NSFX’s website. The colour bars show how competitive NSFX' spreads are in comparison to other popular brokers featured on BrokerNotes.

NSFX
EUR/USD (Average: 0.7 pips) 0.5 pips 0.7 pips 0.1 pips
GBP/USD (Average: 1.1 pips) 1.2 pips 1.7 pips 0.1 pips
USD/JPY (Average: 1.1 pips) 1.4 pips 0.6 pips 0.1 pips
AUD/USD (Average: 0.8 pips) 1.1 pips 0.6 pips 0.2 pips
USD/CHF (Average: 2.3 pips) 1.2 pips 2.3 pips 0.2 pips
USD/CAD (Average: 2.9 pips) 1.1 pips 0.5 pips 0.3 pips
NZD/USD (Average: 3.6 pips) 1.2 pips 2.8 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) 1.1 pips 0.5 pips 0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, NSFX’s minimum spread for trading EUR/USD is 0.5 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with NSFX vs. similar brokers.

See all Spreads

How much does NSFX charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with NSFX at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $40.32. Here’s a rough breakdown of the fees and how this compares against IG & Forex.com .

NSFX IG Forex.com
Spread from: $ 30.00 $ 6.00 $ 10.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 30.00 $ 6.00 $ 10.00
$24 less $20 less
Visit NSFX Visit IG Visit Forex.com

All fees/prices are for informational purposes and are subject to change.

General Fees

  • NSFX doesn’t charge inactivity fees*
  • NSFX withdrawal fees varies on payment method

Commissions

  • NSFX does charge commission on CFD shares

What can you trade with NSFX?

NSFX offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by NSFX below, along with the instruments offered by IG and Forex.com for comparison.

FX / Currencies NSFX IG Forex.com
# of forex pairs offered 90 80
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs NSFX IG Forex.com
# of commodities offered 34 12
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs NSFX IG Forex.com
# of Stocks offered 8000 220
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See NSFX's InstrumentsSee IG's InstrumentsSee Forex.com's Instruments

What’s the NSFX trading experience like?

1) Platforms and apps

NSFX offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. NSFX also offer their custom Jforex platform. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.

NSFX Screenshot

NSFX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See NSFX 's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

NSFX allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. NSFX allows you to execute a maximum trade of 100 Lot. As NSFX offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As a market maker, NSFX may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that NSFX offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • American Express

3) Client support

NSFX support a limited number including English and Arabic.

NSFX has a BrokerNotes A support rating because NSFX offer over three languages and

4) What you’ll need to open an account with NSFX

As NSFX is regulated by MFSA , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore NSFX’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with NSFX you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.nsfx.com on 01/08/2019.

80.3% of NSFX Limited’s retail investor accounts lose money when trading CFDs with NSFX Limited