Northstate Forex Broker

General Information Northstate presents itself as a Switzerland-based brokerage that provides its customers with supreme trading platforms and wide-variety of trading assets. It also hypes that it offers up to 600:1 leverage and over low spreads. Market Instruments Northstate advertises that it offers various trading instruments, including forex, gold and silver, shares and cryptocurrencies. Account Types There are four trading accounts offered by Northstate, namely Junior, Standard, Premium and Partner. The minimum initial deposit to start a Junior account is $250, while the other three accounts require much higher initial capital, $2,500, $25,000, and $50,000 respectively. Leverage Maximum leverage is significantly affected by what type of accounts you are holding. The maximum leverage in the Junior account is up to 600:1, the Standard account is 500:1, the Premium account is 200:1, while the Partner account is 100:1. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage. Spreads & Commissions Minimum spread is significantly affected by what type of accounts you are holding. The minimum spread in the Junior accounts is 2.3 pips, the Standard account is 1.3 pips, and the Premium and Partner accounts are both 0.3 pips. No specific information about commission is involved on the website. Trading Platform Available When it comes to trading platforms available,Northstate gives traders only one choice: Meta Trader 4. MT4, as one of the most functional and powerful trading platforms on the market, features an intuitive, user-friendly interface, advanced charting and analysis tools, as well as copy- and auto-trading options. Deposit & Withdrawal Northstate accepts credit cards and wire transfers. There are no obvious options for using popular online payment platforms such as PayPal, Skrill, or Neteller. It charges $/€/£ 50 for wire transfer, $/€/£ 25 for credit cards plus a processing fee of $10.00 /€7.00 /£5.00, and $/€/£ 25 for e-payments. And there is also an additional 10% charge if the account has not executed more than 200 in turnover and/or from accounts that have not been verified. It is very important to note that if you did not login and trade from your account within six months, your account will be subject to a deduction of 10 % each month. Customer Support Northstates customer support can be reached through telephone: +41445087408, email: support@northstate.io.