- FSC regulated.
- Access to a Forex robot.
- STP Forex trading.
- MT4 trading platform only.
- High spreads.
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Nano Forex is ranked #86 of 267 Forex Brokers.
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Nano4x (also known as Nano Forex) was founded in 2010. It was the project of a management team with years of experience in financial and technological industries. In this Nano4x Review we will attempt to tell you about this Forex brokerage.
Although Nano4x claims that it is based in England, with offices in Indonesia, Russia, India and Nigeria, we found it strange that the company is regulated by the FSC in Mauritius. Still, the fact that the company does offer proof of its regulation already makes it a stronger brokerage than the many unregulated brokers constantly popping up in the online Forex market.
Nano4x works with both retail and institutional traders from around the world. It offers leverage from 1:1 to 1:500, and STP trading with Islamic Forex accounts (also known as swap-free accounts) and variable spreads starting at 1.6 pips. Not the lowest we’ve seen, but again, it’s not the highest either. As an STP Forex broker, the company cannot hold proprietary positions and they have a Discount Broker License. Nano4x provides the clients with banks and direct access to interbank liquidity. In fact, they deal with the top 6 banks in the world. Scalping is allowed at Nano4x.
Nano4x uses the MetaTrader 4 platform exclusively, and it does not offer any proprietary platforms or mobile trading applications at this point, something which we found to be quite disappointing, though not surprising for a new brokerage. Because it uses an MT4 platform, Nano4x allows for the use of EAs within its trading platform.
Nano4x offers a sufficient list of instruments from which to trade, including AUD/CAD, AUD/JPY, EUR/USD, EUR/CAD, and more, for a total of 18 major currency pairs available on its platform. Unlike some of the top Forex brokers, Nano4x does not offer trading of CFDs or commodities of any kind.
Lastly, it’s worth noting that Nano4x is one of the few Forex brokers that offers autotrading through the use of robots. The company’s PTA-N robot is designed to help traders find their footing in the Forex market without having to work too hard. The company goes to great lengths to explain the system and its advantages. Still, we wouldn’t recommend signing up to a brokerage just for its autotraders, as this type of service can be confused with a guaranteed profit, which isn’t very likely in the Forex world.