NessFx Forex Broker

Registered Country/Region Cyprus Regulation CYSEC Minimum Deposit $500 Maximum Leverage 1:500 for professional traders Minimum Spreads From 0.0 pips Trading Platform MT4 trading platform Demo Account Yes Trading Assets forex (over 45 currency pairs), precious metals, commodities, stocks, indices, and bonds Payment Methods VISA, MasterCard Customer Support Phone & Email Support General Information & Regulation NessFx is owned and operated by FXNET Limited; a Cypriot Investment Firm, founded in 2016, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 182/12, incorporated and registered under the laws of the Republic of Cyprus (Certificate of Incorporation No. 300624). NessFx is offering Forex and CFD trading online via the user-friendly MetaTrader 4 (MT4) platforms for desktop, web and mobile devices (iOS & Android). Markets Instruments NessFx offers investors a wide range of tradable financial instruments, mainly forex (over 45 currency pairs), precious metals, commodities, stocks, indices, and bonds. NessFx Minimum Deposit NessFx offers three types of accounts: Micro (minimum deposit of $500), Premium (minimum deposit of $2,000), and Platinum (minimum deposit of $20,000). The initial deposit for a micro account is way too high, as most broker only requires $100 to $200. Additionally, a demo account and an swap-free account are also available. NessFx Leverage Leverage for retail investors: 1:30 for major currency pairs, 1:20 for minor currency pairs, Gold and major indices, 1:10 for commodities other than Gold and minor stock indices, 1:5 for stocks and other products, maximum leverage for professional traders is up to 1:500. Spreads & Commissions The minimum spread for Micro accounts is 2.3 pips for EURUSD, 2.5 pips for GBPUSD, 4.2 pips for Gold, and 4.8 pips for Silver. The minimum spread for the Premium account is 1.8 pips for EURUSD, 2.1 pips for GBPUSD, 3.4 pips for Gold, and 4.0 pips for Silver. The minimum spread for the Platinum account is 0.0 pips for EURUSD, 0.0 pips for GBPUSD, 3.3 pips for Gold, and 4.0 pips for Silver. Micro and Premium accounts do not charge a commission for Forex trading, while Platinum accounts charge a commission for trading. The minimum spread for U.S. crude oil is 1.3 pips and for natural gas is 1.6 pips. Trading Platform NessFx provides traders with a professional Forex and CFD platform - MT4 trading platform. NessFx provides traders with convenient access to the most active financial markets, a user-friendly interface for flexible and customized trading, access to a variety of dynamic trading and analytical tools. Trading Tools Aside from the MT4 trading platform, NessFX provides easy access to a series of trading tools, including Economic Calendar, Holiday Calendar, Market Hours, margin requirements, CFD expiry dates and more. Deposit & Withdrawal NessFx supports a variety of deposit and withdrawal methods, mainly VISA, MasterCard (for EUR, USD, PLN, and CZK, deposit and withdrawal fees are charged up to 3%), Przelewy (for PLN, deposit fees are charged at 1.9%, withdrawal fees may be applied by the bank), NETELLER (for EUR, USD and the CZK, deposits are charged at 3.9% with a minimum of $1 and withdrawals are charged at 2% with a minimum of $1 and a maximum of $30), Wire Transfer (for EUR, USD, PLN, CZK, deposits and withdrawals are charged at a maximum of 3%), iDeal (for EUR, deposits are charged at 3.15% and withdrawals are charged at 1% of the USD commission). Customer Support Nessfx have a support team on hand 24/5 if traders require any help or technical support. They can be reached via email, telephone and online chat. If investors wish to find out more about NessFx or they have general questions regarding the services that they provide, they can also check out the FAQ section on the brokers website to find instant answers to some of the more commonly asked questions. Accepted Regions NessFx does not provide trading or any other services to residents of the following countries and regions: Belgium, Turkey, Russia, Japan, Canada, British Columbia, Quebec, Saskatchewan and the United States of America. Some Nessfx broker features and products mentioned within this Nessfx review may not be available to traders from specific countries due to legal restrictions. Pros & Cons Pros Cons CYSEC-regulated High minimum deposit requirement Diversidied range of trading instruments Limited payment methods Three types of trading accounts to choose from HIgh spreads on the Micro account High leverage up to 1:500 for professional traders MT4 trading platform available Swap-free & demo account avaialble Frequently Asked Questions What is the minimum deposit amount required to make a start with NessFX？ The minimum deposit amount required to register a NessFX live tarding account is $500. How many currency pairs can I trade with NessFx？ NessFX makes 64 forex pairs available for trade. What trading platfrom doesNessFX provide？ NessFX provides the access to the MT4 trading platform. Does NessFX support social trading？ Yes, Copy Trading is made available by NessFX.