Rating Index

Pros

MFSA regulated, providing a level of security and oversight.

Multiple deposit and withdrawal methods available, enhancing convenience for clients.

Demo accounts available for practice, allowing traders to familiarize themselves with the platform before trading real money.

Cons

FCA license has been revoked, raising concerns about regulatory oversight.

Lack of popular trading platforms like MT4 or MT5, which may deter some traders.

Unclear fee structure, making it difficult for clients to understand potential costs associated with trading.

NSFX broker Accounts

NSFX Account Types

NSFX offers three distinct types of trading accounts to cater to various trading styles and preferences:

MT4 Fixed Account

Minimum Deposit: $300
Lot Size (FX): 100,000 units
Maximum Leverage: Up to 1:50
Spreads: Fixed
Deposit Currency: USD, EUR, GBP
Commissions on Trades: No commissions

MT4 ECN Account

Minimum Deposit: $3,000
Lot Size (FX): 100,000 units
Maximum Leverage: Up to 1:50
Spreads: Variable spreads
Deposit Currency: USD, EUR, GBP
Commissions on Trades: $8 per lot round trip

Jforex Account

Minimum Deposit: $5,000
Lot Size (FX): 100,000 units
Maximum Leverage: Up to 1:50
Spreads: Variable with market depth
Deposit Currency: USD, EUR, GBP
Commissions on Trades: $8 per lot round trip

Each account type is designed to provide specific features and trading conditions, ensuring that traders, regardless of their experience level, can find an account that meets their needs.

NSFX Broker Account Opening Process

Opening an account with NSFX is a straightforward process that involves the following steps:

Visit the NSFX Official Website

Go to NSFX.

Choose Account Type

Select the type of account you wish to open (MT4 Fixed, MT4 ECN, or Jforex).

Fill Out Registration Form

Click on the "Open Live Account" button and complete the registration form by providing necessary personal information such as name, surname, country, telephone number, email, and account base currency.

Provide Verification Documents

Upload required documents for identity verification, including:
Proof of Identity: Passport or national ID.
Proof of Residence: Recent utility bill or bank statement.
Credit Card: Photo showing the first four and last four digits, expiration date, and cardholder's name, while hiding the CVV.