- Name : NSFX
- Website : nsfx.com
- Established : 2011
- Regulation : MiFID, FSA, BaFin, MFSA
- Country : Malta
U.S. Clients Allowed :
NoDue to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.
NSFX ReviewNSFX Review
NSFX is a Maltese based investment provider that services the English, French, German, Italian and Arabic markets. NSFX is regulated in Malta by the Malta Financial Services Authority, MFSA, as well as MiFID, FSA, BaFin, and other local licensing authorities.
With NSFX traders can trade commodities including Gold, Silver and crude oil, Forex, Indices and CFDs.
NSFX is one of the nicest brokers I have reviewed in a long while with all its features displayed and easily accessed. The website if full of interesting items that seem to pop up from nowhere.
NSFX offers three trading accounts and a clear comparison table to supplied with a click on the account tab. $300 will open a Standard MT4 account, the minimum trade is 0.01 lots and leverage is offered at 1:200. The Professional ECN account requires an initial deposit of $3000, the minimum trade is 0.10 and maximum leverage is 1:100. $50,000 will open the VIP account which either fixed or variable spreads.
All three accounts provide access to more than 50 currency pairs, commodities and indices and trades can be made on mobile devices. A host of other benefits are offered for each trading account.
It was nice to see that a practice account was offered with a generous $100,000 in funds which can be used with any of the available platforms.
At NSFX clients are able to trade popular commodities such as Gold, Silver and Oil, or indices such as NASDAQ, FTSE, DAX with some of the most flexible and competitive trading conditions.
In addition, NSFX offers a range of trading tools. Both their fundamental and technical analysis pages are up to the minute and appear on a daily basis and are thorough and precise. Some of the topics covered in their technical analysis section include Fibonacci Retracement, Oscillators, Ichimoku Cloud and other advanced topics.
The Personal Account Dashboard, MyNSFX, is a personal account management console that provides clients with the freedom to conveniently access and engage all aspects of trading. MyNSFX provides clients with seamless total control over their trading experience, with a unique individual portal that puts you in the driver's seat.
All NSFX clients, Demo or Live, have access to MyNSFX and may login easily from the website or go directly to my.nsfx.com. MyNSFX account is a unique trading account which gives clients the freedom to access their accounts at all times and to engage all aspects of trading while having continuous control over their trading experience.
One of the most unique features at NSFX is its Fun Corner. The latest jokes and Memes are posted as well as the latest quotes by well known figures.
The Fun Corner also offers quizzes for traders to test their skills on and polls where traders can vote on certain topics. They are able to see the results of the polls immediately. There is also a choice of videos on a number of interesting subjects.
At the NSFX Academy traders can benefit from a host of different offerings.
The NSFX Forex Course was designed as a stand-alone offering to cater to the needs of clients taking their first steps in the world of forex trading.
The video course starts with the basic explanations of terms and takes the student to a clear understanding of advanced trading strategies and market analysis. At the conclusion of each segment a short test is given to ensure that the trader has absorbed the valuable information before moving on to the next stage. Registration by all account holders is free and traders can, of course, move along at their own pace.
All account holders can register for 1-on-1 training with a personal trading consultant. Textual guides on basic Forex trading are available and the NSFX ebook can be downloaded and used by traders with all levels of trading experience.
Free webinars are sometimes offered but at the time of this review there were none scheduled.
The listing of live Forex quotes also appears daily and their economic calendar is an interactive overview of the most important economic events of the day and the week.
There is a daily market analysis and up to the minute news feeds.
Strangely, their Global Trading Holiday Calendar was for the year 2014.
At the time of this review there were several bonuses and promotions being offered. Anyone opening a trading account and depositing over $5000 gets the new iPad with a sophisticated trading platform.
There was also a competition for using their demo account where up to $5,000 in prizes was being awarded.
In addition, a 15% deposit bonus was being offered for anyone opening a new trading account.
Traders can fund their NSFX accounts via credit cards, wire transfers and Skrill.
Withdrawing funds with NSFX is easy and convenient and is done with a click on the "Withdrawal Request" tab.
NSFX charges no fees on withdrawals, and will attempt to process the withdrawal within 1 business day.
Traders can contact an NSFX representative at any of the broker’s international locations. Email support is available as well as Chat. NSFX Trading Hours: Sunday 21:00 GMT - Friday 22:00 GMT
The NSFX website is available in English, Arabic, Italian, Turkish and German.
Beyond offering high end technological solutions, NSFX is committed to providing the most professional and transparent trading environment possible. It offers innovative trading platforms, a host of trading tools and excellent trading conditions.
- Choice of Trading Accounts and Platforms
- Demo Account
- User friendly infrastructure
- No Stocks
- Does Not Accept U.S. Clients
Review info: NSFX
Review Date: 2015-08-09
Rating : 4
Reviewed By : Sara Patterson (Google+)