NICOFX Forex broker specializes in providing foreign exchange trading services, the company's official website https://cn.nicofx.com/en/index.html, the company's legitimate regulatory information CyprusCYSECStraight Through Processing (STP),United KingdomFCAEuropean Authorized Representative (EEA), to enhance the security of the company's address .
NICOFX Forex Broker
Basic information
United Kingdom
10-15 years Regulated in Cyprus Straight Through Processing (STP) Suspicious Scope of Business United Kingdom European Authorized Representative (EEA) Unsubscribed High potential riskCompany profile
Note: NICOFXs official website: https://cn.nicofx.com/en/index.html is currently inaccessible normally.
NICOFXReview SummaryNICOFX Information
NICOFX, founded in 2013, is an established brokerage registered in the United Kingdom. The trading instruments it provides cover Precious metals and Forex. But currently its website is unreachable.
Pros and Cons
| Pros | Cons |
| Diversified trading products | Unreachable website |
| Support MT4 | Office in Cyprus Does Not Exist |
| 3 types of accounts |
Is NICOFX Legit?
It is clear that NICOFX is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding a license of 226/14. (Regulated)
NICOFX is also regulated by Financial Conduct Authority (FCA) in United Kingdom, holding a license of 672844(Unsubscribed).
In Germany, NICOFX is regulated by Federal Financial Supervisory Authority. The license number is 142143 (Revoked).
In France, NICOFX is regulated by The Autorité des Marchés Financiers (AMF). The license number is 75131 (Exceeded).
What Can I Trade on NicoFX?
NicoFX offers traders the opportunity to trade Precious metals (gold, silver, platinum, palladium), Forex currency pairs. However, Stocks, ETFs, funds and bonds are not accessible.
| Tradable Instruments | Supported |
| Precious metals | ✔ |
| Forex currency pairs | ✔ |
| Stocks | ❌ |
| ETFs | ❌ |
| Funds | ❌ |
| Bonds | ❌ |
Account Types
NicoFX offers three trading accounts: the Standard Account (minimum deposit of $100), the Premium Account (minimum deposit of $5,000), and the VIP (minimum deposit of $10,000).
| Account Types | Standard | Premium | VIP |
| Minimum Deposit | $100 | $5,000 | $10,000 |
| Max Leverage | 1:30 | 1:30 | 1:30 |
| Spread Type | Variable | Variable | Variable |
NicoFX Fees
NicoFX claims to offer low and variable spreads, but does not give specific information.
Trading Platform
NicoFX's trading platform is MT4 Margin WebTrader, which supports traders on the web and mobile.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 Margin WebTrader | ✔ | Web, Mobile | Beginner |
| MT5 | ❌ |
Deposit and Withdrawal
The broker supports four payment methods: VISA, bitcoin, mastercard and WIRE TRANSFER. In addition, its minimum deposit requirement is $5,000.
Deposit Options
| Deposit Options | Fees | Processing Time | Exchange Rate |
| Bank Transfer | No specific fee mentioned | 2-5 working days | current exchange rate |
| Union Pay | 1% | 1-4 working days | current exchange rate |
| Visa | 2.4% | Instant | current exchange rate |
| Mastercard | 2.4% | Instant | current exchange rate |
| Skrill | 3.85% | Instant | current exchange rate |
| JCB | 5.85% | Instant | current exchange rate |
| Amex | 5.85% | Instant | current exchange rate |
Withdrawal Options
| Withdrawal Options | Fees | Processing Time | Exchange Rate |
| Bank Transfer | $40 | 2-5 working days | current exchange rate |
| Union Pay | $20 | 1-4 working days | current exchange rate |
| Visa | 1% | 1 working day | current exchange rate |
| Mastercard | 1% | 1 working day | current exchange rate |
| Skrill | 1% | 1 working day | current exchange rate |
| JCB | 1% | 1 working day | current exchange rate |
| Amex | 1% | 1 working day | current exchange rate |
Rating Index
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Latest Reviews
我的优乐美
Taiwan
Who can tell me how this NICOFX performs? My friendly Joseph recommended it to me. I was satisfied with its friendly minimum deposit, zero-commission trading environment, but it seems that this broker lacks of some useful educational resources, no live chat support, and I can hardly find any customer reviews about it? Should I trade with it? I am hesitating
Neutral
2022-11-24
蓝知苑
Spain
I think the most important thing is safety. If your money is scammed, what is the point of other trading conditions? Although the service provided by NICOFX looks very attractive, it does not seem very secure. There are so many currency exchangers in the world, why don't I choose the ones that are safest?
Neutral
2022-11-28