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NSFX

NSFX
About company:

NSFX is a broker based in Malta that serves the markets of England, France, Germany, Italy. NSFX is regulated by the Malta Financial Services Authority, MFSA, MiFID, FSA, BaFin and other local licensing authorities.

 

With NSFX, traders can trade commodities including gold, silver and crude oil, currencies, indices and CFDs.

 

Company. Fund security

The MFSA is the sole regulator for financial services in Malta and applies certain rules and requirements to license holders.

 

In addition to the minimum capital requirement of € 730,000, licensees must regularly report and maintain internal control over all financial transactions.

 

Malta has been a member of the European Union since May 1, 2004. Thus, every investment company regulated by the MFSA is also entitled to offer cross-border services under the EU and the European Union Markets in Financial Instruments Directive MiFID.

 

As an additional guarantee of customer funds, NSFX Ltd. is a participant in the investor compensation scheme.

 

Moreover, NSFX Ltd. registered with a number of EU bodies, such as FCA in Great Britain, BaFin in Germany, CONSOB in Italy, CNMV in Spain, ACP in France, FINANSTILSYNET in Denmark.

 

Trading conditions

Minimum initial deposit

 

To open an account with NSFX, traders must invest at least $ 300, which is a relatively low amount, but traders can trade with other companies starting at $ 1.

 

Spreads and commissions

This broker has both fixed and floating spreads in its portfolio. We do not recommend a FIXED account as the fixed spreads offered are quite high at 3.0 pips on EUR / USD.

 

ECN account provides lower variable spreads, on average 0.9 pips on EUR / USD, but also includes commission, which is $ 8 per lot. So, basically the trading costs of ECN account holders are about 1.7 pips for the EUR / USD pair, including fees, which is a relatively high cost in Forex. In addition, to access the ECN environment, you need to invest at least $ 3,000.

 

Shoulder

The maximum leverage level offered by NSFX is 1: 200, which is considered average. If you need higher levels of leverage, many brokers offer up to 1: 500 and up to 1: 1000. You can find these brokers in our ranking.

 

Trading platforms

This broker supports the renowned MetaTrader 4 (MT4) terminal and also offers its own NSFX JForex. Both platforms are available as desktop, web and mobile versions.

 

MT4 is a world famous trading terminal offering a full range of tools and resources for trading: a number of built-in technical indicators, an extended set of charts, a wide range of Expert Advisors (EAs). Traders can download ready-made or create their own Expert Advisors to automate trading.

 

JForex's proprietary NSFX platform provides ECN / STP trading, therefore, to open a live NSFX JForex, you need to invest at least $ 3,000. The platform has a dashboard that integrates trading tools and information directly into the trading platform to allow traders to instantly execute trades without having to go from screen to screen. However, we found it odd that charts are not running by default and the overall interface is not that user-friendly.

 

NSFX JForex supports a wide list of direct and pending orders: Market, Limit, Stop, Stop Loss, Take Profit, Place / Bid, Trailing Stop, Stop Limit, OCO, IFD and others.

 

In our opinion, the best thing about NSFX JForex is the deep interbank liquidity it offers.

 

Education

At the NSFX Academy, traders can take advantage of many different offers.

 

The video course starts with basic explanations of terms and talks about trading strategies and market analysis. At the end of each segment, a short test is conducted to ensure that the trader consolidates his knowledge before moving on to the next stage. Text materials are available on the basics of Forex trading.

 

Sometimes webinars are offered.

 

The list of daily Forex quotes is constantly updated, the economic calendar is an interactive overview of the most important economic events of the day and week.

 

The site publishes daily market analysis and news.

 

Support service

Traders can contact an NSFX representative at any of the broker's international offices. Support is available via email, phone, and live chat. NSFX hours of operation are Sunday 21:00 GMT - Friday 22:00 GMT.

 

The NSFX website is available in English and Arabic.

 

Ways of payment

The following payment methods are available to NSFX clients: credit / debit cards (MasterCard, Maestro, American Express, Visa), bank transfer and popular payment systems Skrill, Neteller.

 

Withdrawals are processed within 1 business day, according to the NSFX website.

 

Pros:

 

regulated broker; educational materials; a choice of two trading platforms.

 

Minuses:

 

high initial deposit for an ECN account; high spreads.

 

 

NSFX is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.

In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.

The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.

What is the benefit of a broker?  

 

The broker NSFX makes profit from traders' transactions, as a rule, in two main ways.

The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.

The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.

Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.

 

Ways to cheat customers  

 

We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.

The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.

Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.

In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.

 

Where are brokerage companies registered?

 

One of the key points is the place of registration and regulation of the company's activities.

Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.

However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.

If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.

But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.

And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization,   considering disputes between its members - brokers and their clients.

If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.

 

What else to pay attention to?

 

When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.

It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.

Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.

Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.

Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.

FAQ - broker questions

  • 1. Do the trader reviews impact on a rating of NSFX ?

    Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker.

  • 2. How to leave a comment about NSFX on the website 4ex.review ?

    In order to leave a review about the broker, go down page, enter a valid email and Your review with an overall score. Reviews are moderated and tracked by the number of comments from the same IP or email. Tech support may request the actual documents that prove that the user was or is a customer of the broker. This rule applies to negative and positive reviews. We want our portal to be honest and independent.

  • 3. Can we assume the broker NSFX decent?

    Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. NSFX received a score of 1 of 5 on our resource.

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