NSFX Forex Broker
Basic Information
Malta
10-15 years Regulated in Malta Market Maker (MM) Self-developed Suspicious Scope of Business United Kingdom European Authorized Representative (EEA) Revoked High potential riskCompany profile
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NSFX Forex Broker - Complete Information Guide
1. Broker Overview
NSFX, officially known as NSFX Ltd., was established in 2010. The broker is headquartered at 168 St Christopher Street, Valletta, Malta. As a private entity, NSFX operates primarily in the retail forex and CFD trading sectors, catering to both individual and institutional clients. Over the years, NSFX has expanded its services to include a wide range of financial instruments, focusing on providing a robust trading environment for its users.
The company has achieved several key milestones since its inception, including acquiring multiple regulatory licenses that enhance its credibility in the financial markets. NSFX has positioned itself as a reliable partner for traders seeking to navigate the complexities of forex trading. Its business model is centered around providing access to global financial markets, leveraging advanced technological solutions to facilitate trading.
As a broker, NSFX aims to empower traders by offering innovative trading platforms and tools, ensuring a seamless trading experience. The firm operates under a hybrid model, combining elements of retail forex and institutional services to meet the diverse needs of its clientele.
2. Regulation and Compliance Information
NSFX is regulated by several reputable authorities, including:
- Malta Financial Services Authority (MFSA) - License No. IS/56519
- Federal Financial Supervisory Authority (BaFin) - License No. 131055 (Germany)
- Autorité de Contrôle Prudentiel et de Résolution (ACP) - License No. 74397 (France)
- Comisión Nacional del Mercado de Valores (CNMV) - License No. 3354 (Spain)
- Finanstilsynet - License No. 9221 (Denmark)
These regulatory bodies ensure that NSFX adheres to strict compliance standards, including the segregation of client funds, which are kept in separate accounts from the broker's operational funds. This practice protects clients' investments and enhances trust in the brokerage.
Additionally, NSFX participates in an investor compensation scheme, which provides coverage of up to €20,000 for eligible clients in the event of insolvency. The firm complies with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, ensuring that all clients undergo identity verification to prevent fraudulent activities.
3. Trading Products and Services
NSFX offers a diverse range of trading products, primarily focusing on forex and CFDs. Traders can access over 50 currency pairs, including major, minor, and exotic pairs. The broker also provides CFD trading on various assets, including indices, commodities, and metals like gold and silver.
Product Categories:
- Forex: More than 50 currency pairs are available for trading.
- CFDs: Including indices (e.g., DAX, FTSE), commodities (e.g., crude oil, gold), and more.
- Special Products: While NSFX does not currently offer cryptocurrency trading, it provides a well-rounded selection of traditional financial instruments.
The firm frequently updates its product offerings to adapt to market changes and client demands, ensuring that traders have access to the latest investment opportunities.
4. Trading Platforms and Technology
NSFX supports two primary trading platforms: MetaTrader 4 (MT4) and JForex.
MetaTrader 4: Known for its user-friendly interface, advanced charting tools, and automated trading capabilities through Expert Advisors (EAs). MT4 allows traders to execute orders quickly and efficiently.
JForex: This platform provides a more sophisticated trading experience, particularly for algorithmic traders. It integrates ECN and STP technologies, ensuring optimal execution speeds and tight spreads.
Both platforms are available in web, desktop, and mobile versions, making it convenient for traders to manage their accounts from anywhere. Additionally, NSFX offers API access for automated trading, allowing clients to develop custom trading solutions.
5. Account Types and Trading Conditions
NSFX offers three main types of trading accounts:
- MT4 Fixed Account:
- Minimum Deposit: $300
- Spreads: Fixed
- Commission: None
- Leverage: Up to 1:50
- Scalping: Not allowed
- Expert Advisors: Disabled
- MT4 ECN Account:
- Minimum Deposit: $3,000
- Spreads: Variable
- Commission: $8 per round lot
- Leverage: Up to 1:50
- Scalping: Allowed
- Expert Advisors: Enabled
- JForex Account:
- Minimum Deposit: $5,000
- Spreads: Variable with market depth
- Commission: $8 per round lot
- Leverage: Up to 1:50
- Scalping: Allowed
- Expert Advisors: Enabled (Java)
- Credit/Debit Cards
- Bank Transfers
- E-Wallets (Neteller, Skrill)
- Minimum Deposit: $300 for standard accounts.
- Deposit Processing Time: Instant for cards and e-wallets; up to 2-3 days for bank transfers.
- Withdrawal Methods: Include the same as deposit methods, with a processing time of 1-2 business days.
- Withdrawal Fees: 2.9% for Skrill and Neteller; no fees for bank transfers.
- Phone Support
- Live Chat
- Social Media
- Webinars
- Video Tutorials
- E-books
- Market Analysis Services
- United States
- Brazil
- South Korea
- Iran
- Iraq
- Syria
- Japan
NSFX also provides a demo account for traders to practice without risking real funds, allowing them to familiarize themselves with the trading environment and strategies.
6. Fund Management
NSFX supports multiple deposit methods, including:
Key Financial Details:
NSFX has a transparent fee structure, with no deposit fees and reasonable withdrawal fees, ensuring that traders can manage their funds effectively.
7. Customer Support and Educational Resources
NSFX provides robust customer support through various channels, including:
The support team is available 24/5, offering assistance in multiple languages, including English, German, Spanish, French, and Italian.
Educational Resources:
NSFX offers a comprehensive range of educational materials, including:
These resources aim to empower traders with the knowledge and skills necessary to succeed in the financial markets.
8. Regional Coverage and Restrictions
NSFX primarily serves clients in Europe and other regions but is not available to residents of certain countries, including:
The broker's services are tailored to meet the needs of traders in the European Economic Area (EEA), ensuring compliance with regional regulations.
In conclusion, NSFX stands as a reputable broker in the forex trading landscape, offering a solid range of products, competitive trading conditions, and reliable customer support. With its regulatory compliance and commitment to client safety, NSFX is well-positioned to serve both novice and experienced traders alike.
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Latest Reviews
дн顺顺顺
Singapore
The demo trading experience is great! But I don't know if the conditions for real trading will be as good as demo trading, and I'm still struggling with whether to spend $300 to open a real account and try to trade... Does anyone have ideas?
Positive
2023-02-13
安琪儿
Argentina
Months ago I started my forex trading journey with NSFX and so far I feel good hahaha, I lost a little but I was able to win a little too. What scares me is that someone here on wikifx claims that NSFX scammed him out of 200,000.... I am scared and am considering closing positions and withdrawing my funds. Can someone give me advice?
37130
2022-11-17
董98129
India
Great trading service with good terms and conditions, NSFX is the most trusted broker I’ve met. Amazing MT4 and JForex, useful trading tools. Guys, trust me, it worth giving a shot.
Positive
2023-02-24