NSFX Forex Trade Platform and Broker Review

NSFX Forex Trade Platform and Broker Review

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NSFX Broker Review

NSFX Limited is an advanced and well-regulated online forex broker that provides traders with an innovative suite of trading technology and software. Clients can trade Forex, Gold and Metals, and CFDs on the MetaTrader 4 and JForex platforms.  

NSFX was first founded in 2012 and is headquartered in Malta, and has approximately 200 employees. 

Is NSFX Regulated?

Yes, NSFX Limited is regulated by the Malta Financial Services Authority (MFSA). Added to this, the broker is subject to regulatory oversight from several reputable cross-border EU regulators, including the BaFin, ACP, Consob, CNMV, and Finanstilsyne.

According to the official website, NSFX is under regulation for compliance with the Markets in Financial Instruments Directive (MiFID), which oversees transparent financial operations throughout the EU. 

NSFX’s regulations guarantee a strong set of customer protection measures and transparent financial and investment operations. 

Is NSFX Regulated in the United States?

No, NSFX is not regulated in Virginia or any other US state. 

Is NSFX Regulated in Europe?

Yes. NSFX has been regulated in Europe since 2012 by the Malta Financial Services Authority (MFSA). In Europe, NSFX offers cross-border investment services as a regulated Forex broker in Europe. 

Is NSFX regulated in a Tier-1 Jurisdiction?

According to the NSFX website, NSFX is regulated under Tier-1 jurisdiction. 

Tier-1 Jurisdiction consists of special licensing that allows brokers to provide their services in one or more of the following countries: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is NSFX regulated in Tier-2 Jurisdiction?

According to the official NSFX sources, NSFX is regulated under Tier-2 jurisdiction. 

Tier-2 jurisdiction involves licensing for financial operations in one or more of the following countries: British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in NSFX?

NSFX offers traders the extremely popular MetaTrader 4 platform, as well as the JForex Trader. Both of these platforms can be downloaded for desktop, web, or mobile use. 

  1. MetaTrader 4 from NSFX is one of the most popular trading platforms in the world. The MT4 platform is dynamic and user-friendly, providing traders with a powerful range of features and tools including Real-Time Quotes, automated trading alarms, and signal messages.
  2. JForex from NSFX uses integrated ECN and STP trading technology and the tightest spreads due to the deep liquidity from the Tier 1 liquidity providers. The JForex platform is suitable for any type of trader – from beginner to professional, and traders who use proprietary automated trading systems.

Does NSFX Have a News Blog for Forex News?

Yes. NSFX has a free news blog available on its official website. Users can navigate to the Financial News section to find regular market updates. This will allow traders to remain abreast of significant economic developments that may affect currency prices.  

Does NSFX Have a Traders Dashboard?

Yes, the MyNSFX Accounts Dashboard will allow traders to access their trading tools and features from one convenient, centralized location. A trader can get comprehensive reports, daily news, and personalize the Dashboard to their needs. 

Does NSFX Have an Educational Section?

Yes, NSFX has an education system for Forex Traders. To join the education system, users should navigate to the Academy on the broker’s website, where they will find different categories of trader education and resources.  

What is the content of NSFX Forex Education?

The NSFX consists of 15 different training categories from which beginner traders can select, depending on their needs. These categories are listed below. 

  1. Forex EBook
  2. Forex V.O.D
  3. Commodities and Futures Contracts
  4. CFDs and Stocks
  5. Trading Strategies
  6. Economics
  7. ECN
  8. Social Trading
  9. MetaTrader Tutorials
  10. MetaTrader Mobile
  11. Advanced EBook
  12. Commodities and Futures Book
  13. CFDs and Stocks EBook
  14. Trading Tools
  15. Beginners Course

This is a very comprehensive educational selection from NSFX that should be used by beginner traders in order to gain a better understanding of the most important aspects of Forex trading. Intermediary traders or those who are not familiar with MT4 will benefit from the technical training on this topic. 

Is NSFX Legit?

Yes, NSFX is a legit Forex Broker and Trade Platform. NSFX has an MFSA legal certificate to perform Forex Broker and trading services.

Is NSFX Safe?

NSFX is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated by the Malta Financial Services Authority (MFSA) to offer cross-border licensed financial services throughout the European Union. 

NSFX Limited complies with the European Markets in Financial Instruments Directive (MiFID). MiFID provides a harmonized regulatory environment for investment services across the European Economic Area (EEA). 

The main objectives of the MiFID Directive are to enhance financial transparency, increase competition, and offer greater consumer protection in investment services.

Is NSFX a Good Broker?

Yes. According to the Forex Suggest review, for security, trading speed, and online support, NSFX is a good broker. 

  1. In terms of trading speed, the NSFX platform is connected to the ECN trading platform so all orders are instantly routed through NSFX to the Tier 1 liquidity providers for the fastest and best order fill. 
  2. In terms of security, NNSFX manages the security of its clients’ data by ensuring there is no loss of Confidentiality (unauthorized disclosure), Integrity (unauthorized changes and modification), and Availability (protection from deliberate or accidental loss, destruction, or interruption of services) of any information belonging to the client stored on its servers. 
  3. In terms of online support, NSFX offers a live chat option that gives clients immediate access to a member of the customer support team. This means that clients can have their queries resolved quickly and efficiently.  
  4. In terms of cryptocurrencies, NSFX does not provide traders with access to crypto trading as part of its asset offering.

What is the Offering of Investment in NSFX?

Offerings of NSFX can be found below.

Feature NSFX
Forex Trading Yes
CFDs Yes
Forex Pairs No
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  Yes

Does NSFX have Nasdaq?

Yes, NSFX offers traders the option of trading CFDs on the Nasdaq 100 Stock Index. This index lists the 100 largest companies by market capitalization and is the second-biggest stock exchange in the world. 

What are the Awards of NSFX?

According to the official sources and Forex Trading Platforms, NSFX does not have any awards listed until the present. 

How to Use NSFX for Forex trading?

To use NSFX, a forex trader should have the necessities below:

  1. A copy of their identification documents
  2. They should be 18 years or older and should not be a resident of the United States
  3. They should be able to afford the minimum deposit of $300

If a Forex Trader has the conditions above, they can open a forex trading account to use NSFX. 

How to open a Forex trading account with NSFX?

To open a Forex Trading account with NSFX, a trader should follow the steps below.

  1. Simply click the Accounts menu and select the type of account you would like to open with NSFX.
  2. Complete the registration form to open a live account
  3. Provide your full name and email address, and create a password that you will use for your account
  4. Provide your country of residence, contact number, and select the type of platform that you would like to use 
  5. Click ‘Submit’ in order to finalize your registration

What is the Forex Trader Account Types with NSFX?

Forex Trading Platform and Financial Asset Management Institution NSFX have 5 different account types. Every Forex trading account type has different features and conditions with NSFX. 

NSFX Account Types are listed below. 

  1. Demo Account

  2. MT4 Fixed Account

  3. MT4 ECN Account

  4. JForex Account

  5. Islamic Account

  • Demo Account

The practice account from NSFX is a comprehensive demo version of the available live accounts and the MetaTrader 4 platform. Using this account, traders will be able to test the broker’s trading conditions and features in live market conditions without risking funds. 

  • MT4 Fixed Account

The MT4 Fixed Account from NSFX provides commission-free trading on the MetaTrader 4 platform. This account offers tight, fixed spreads and access to Forex Majors, amongst the other features described below. 

  • Initial minimum deposit: 300 USD
  • Lot size: 100 000 units
  • Minimum trade: 0.01 lot
  • Maximum leverage: 1:50
  • Spreads: Fixed
  • Instruments: FX Majors
  • Deposit currency: USD, EUR, GBP
  • Execution: Instant
  • MT4 ECN Account

The Electronic Communication Network from NSFX is the technology that helps provide liquidity for traders resulting in tight spreads and quick trade execution with minimal market impact. ECN runs on the MetaData4 platform and provides variable spreads.

  • Initial minimum deposit: 3000 USD
  • Lot size: 100 000 units
  • Minimum trade: 0.01 lot
  • Maximum leverage: 1:50
  • Spreads: Variable
  • Instruments: 50+ Currency Pairs, Commodities, Indices
  • Deposit currency: USD, EUR, GBP
  • Execution: Market Execution
  • JForex Account

JForex accounts from NSFX comprise integrated ECN and STP (Straight Through Processing) trading technology resulting in the tightest spreads due to the deep liquidity.

For traders who want total control of their orders, a JForex Account supports orders including Market, Limit, Stop, Stop Loss, Take Profit, Place/Bid offer, Trailing Stop, Stop Limit, OCO, IFD, and more; as well as the ability to place trades directly within the spread.

  • Initial minimum deposit: 5000 USD
  • Lot size: 100 000 units
  • Minimum trade: 0.01 lot
  • Maximum leverage: 1:50
  • Spreads: Variable with market depth
  • Instruments: 50+ Currency Pairs, Commodities, Indices
  • Deposit currency: USD, EUR, GBP
  • Execution: Market Execution
  • Islamic Account

NSFX provides special Islamic Accounts which are designed for traders of the Muslim faith. These accounts are free of swap charges, which is a type of interest accrued on positions held overnight. 

Earning or charging interest is strictly prohibited by Sharia law, and so swap-free accounts allow Muslim traders to invest within the parameters of their faith. 

How to Withdraw Money from NSFX?

To withdraw money from NSFX, the following should be done:

  • To withdraw funds, simply click Withdrawal Request on the MyNSFX dashboard and type the amount you wish to withdraw. 
  • Once the request has been made, NSFX will process the withdrawal within 1 business day.

How many days do deposits take with NSFX?

All deposits are processed instantly with NSFX, except for deposits made using bank wire transfer, which can take 2 to 3 business days to reflect. 

What are the costs and fees with NSFX?

There are three types of costs with NSFX. Commission costs are charged to MT4 ECN and JForex accounts, spread costs are for all account users, and swap costs are for users that do not hold a swap-free account. 

A Forex Trading Cost is charged to traders in return for the use of the brokerage services. These trading costs are how a broker essentially makes a profit and consist of spreads, commissions, and swaps. 

Spreads are the difference between the bid and the asking price and are represented in pips. Commissions are charged on round trades and will not apply to all accounts. Swap fees are interest charged on positions held overnight. 

The Forex Trading Fees with NSFX are below. 

Commissions: 

  • $8 per lot R/T on MT4 ECN and JForex Accounts

Spreads:

  • EUR/USD – 0.5 pips
  • GBP/USD – 1.2 pips
  • USD/JPY – 1.4 pips
  • USD/CHF – 1.2 pips

Swap rates:

  • Variable depending on the position and the instrument. 

What are the Trading Fees with NSFX?

Apart from commissions, spreads, and swap charges, NSFX does not appear to charge additional trading fees, such as inactivity fees or deposit or withdrawal fees. This makes for a very competitive offering overall. 

What is the minimum deposit in NSFX?

The minimum deposit required in order to open an MT4 Fixed Account with NSFX is $300.  

What are the contract specifications in NSFX?

Feature NSFX
Forex Trading Yes
CFDs 260+
Forex Pairs 70+
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 0
Social Trading  Yes

Does NSFX have promotional offers?

No, NSFX does not provide promotional offers or bonuses to its new or existing clients. This is as a result of the broker’s regulation by the Malta Financial Services Authority (MFSA). Brokers regulated in the EU are restricted from offering bonuses or promotions. 

Does NSFX have a welcome bonus?

No, NSFX does not have a welcome bonus. 

However, NSFX is one of a few brokers in the industry that offers ECN technology.  The ECN platform enables NSFX to aggregate the bids and asks from multiple liquidity suppliers so that the best prices are always displayed and clients have the depth of market to execute their trades efficiently.

Does NSFX have a deposit bonus?

No, NSFX does not offer a welcome bonus.  This is due to the fact the broker’s EU regulators restrict the broker from offering a deposit bonus. 

Is there a commission-free trade bonus in NSFX?

No, NSFX does not offer a commission-free trade bonus. However, NSFX does not charge additional fees or commissions for making deposits and withdrawals, and there are no inactivity fees. Furthermore, commission-free trading is available on the MT4 Fixed Account.

Is there a VIP bonus in NSFX?

No, NSFX does not offer a VIP bonus. Traders are not offered a VIP account or tailored conditions for high-net-worth customers.

Can you start trading with no money at NSFX?

No, you cannot start trading with no money at NSFX. This is because NSFX does not offer any deposit bonus, therefore traders will need to deposit their own funds when opening a Trader Account.

How does leverage work with NSFX?

Leverage is a mechanism in trading that enables traders to take exposure to artificially amplified transaction sizes, in order to make more money from each individual transaction. 

Leverage is essentially a short-term, notional loan. It is notional in the sense that traders do not physically receive a loan, but rather an automatic credit line extended by their broker in respect of their forex trades. 

Traders can use leverage with NSFX by logging into the MyNSFX Accounts Dashboard and setting their preferred leverage ratio from within their settings.  

Where are the headquarters of NSFX?

NSFX is headquartered in Malta in Europe.  

Who is NSFX’s CEO?

The CEO of NSFX is John Cassar Torregiani. He has had a prominent career in international banking and EU policy-making.

What are the social media accounts of NSFX?

Traders can follow NSFX on the following social media accounts:

  • Twitter
  • Facebook
  • Instagram
  • YouTube
  • LinkedIn

How many employees do work for NSFX?

According to the official LinkedIn profile, NSFX has approximately 200 employees.

What are the opinions about NSFX?

NSFX has a strong and compelling trade offering. The broker provides access to MetaTrader 4 as well as JForex and is well-regulated with excellent customer support. The only drawback is that NSFX does not offer cryptocurrencies such as Bitcoin.

What are NSFX Contests?

NSFX does not run any kind of Forex Trading Contests. Forex Contests can be performed for brokers who offer them to traders to profit on contest winnings. 

NSFX didn't perform any Forex Contest in the past. For future forex exchange contests and competitions, NSFX didn't perform any official announcements yet.

Does NSFX have online support?

Yes, NSFX has an online support team for Forex trade account users. The live chat button on the broker’s website will allow users to open a chat line with a customer support team member. This will allow traders to resolve queries in real-time. 

Does NSFX offer demo accounts for Forex trading?

Yes, NSFX offers a free demo account for all new traders. The demo account can be opened with the following steps:

  1. Navigate to the demo account registration area
  2. Fill in the quick and easy online registration form
  3. Submit your form. You will be sent login details for your demo account via your inbox. 

Does NSFX have a mobile app for Forex trading?

Yes, NSFX offers mobile apps for both MetaTrader 4 and JForex. 

The MetaTrader 4 from NSFX app allows users to access their trading portfolio to buy or sell currencies while on the road, and be sure to never miss a trading opportunity.

With features like integrated charting, quotes, and news feed, NSFX clients enjoy the best of MT4 remotely. The app supports a variety of execution models and you can trade directly from the chart.

The JForex mobile app from NSFX replicates all the main features of the Desktop and Web version, including a rich set of FX tools including quotes, charts, news, calendars, and video reviews.

Remote trading is facilitated via an Edge/3G/Wi-Fi connection. In addition, the OS uses an automated connection control system that adapts data flow depending on the connection speed.

Does NSFX publish an economic calendar?

An economic calendar is a fast updating resource that lists the dates and potential impacts of scheduled national and international events that are likely to affect the price and popularity of given markets or assets.

NSFX does offer an economic calendar. NSFX’s economic calendar provides information on financial events, forecasts, and historical data.

What is the communication information of NSFX?

NSFX has five telephone numbers and four local addresses. 

NSFX’s main telephone number is: (+356) 2778 1919

NSFX’s main local address is: 168 St Christopher Street, Valletta VLT 1467, MALTA

Alternate phone numbers are:

UK: (+44) 330 8080 098

Spain: (+34) 9 3220 0491

Germany: (+49) 696 4350 0009

Russia: (+8) 800 100 6295