NSFX HeadlinesTrading PlatformsMarketsTrading FeesNSFX LeverageMobile AppsDepositsWithdrawalsDemo AccountNSFX BonusesRegulation ReviewAdditional FeaturesNSFX AccountsBenefitsDrawbacksTrading HoursCustomer SupportSecurityNSFX VerdictAccepted CountriesAlternatives to NSFXFAQ
NSFX is an online trading brokerage, headquartered in Malta. Founded by a group of experts in the finance industry, their aim is to create a professional and transparent trading environment. Their ethos is built on three pillars; innovative platforms, expert tools and superior trading conditions. This review will assess the services offered by NSFX to help you decide whether to open a live account.
NSFX Headlines
Founded in 2012, NSFX Ltd. is a forex and CFD broker, regulated by the MFSA. The company operates in English, French, German, Italian, and Arabic speaking markets. The brokerage is led by John Cassar Torregiani who has had a reputable career in international banking and EU policy-making. David E. Gristci TEP, a prominent financial services lawyer in Malta, is also a director at NSFX.
The company’s board of directors, regulation and client fund protection all indicate the broker is trustworthy.
Trading Platforms
NSFX offers the JForex terminal and the well-known MT4 platform. Both can be downloaded to desktop and mobile devices or accessed via webtrader solutions.
MT4
MT4 is widely regarded as the leading retail trading platform, with millions of users worldwide. With a range of customisable analytical functions, it suits beginners up to experts. The desktop option offers the most functionality, delivering an array of additional charting tools, strategies, indicators and expert advisors.
Key features include:
Powerful charting tools
Custom trading strategies
Multiple execution modes
Real-time quotes and one-click trading
Automated trading alarms and market signals
NSFX MetaTrader 4
JForex
JForex is also suitable for traders of all skill levels. ECN and STP technology connect traders directly to the markets. The platform offers top-tier liquidity and execution, resulting in tighter spreads. The built-in API allows for custom strategies and programming.
Prominent features include:
Secure login
Tight spreads
Rapid execution
ECN & STP trading
Cross-connected platforms
Over 180 technical indicators
Integrated economic calendar
NSFX JForex
Markets
There are over 140 products to trade with:
Forex – 50+ currency pairs, including all majors
Indices – Leading global indices, including the FTSE, DAX and US 30
Commodities – Precious metals such as gold and silver, plus crude oil
Whilst a fair selection, our review would have liked to see cryptocurrencies such as Bitcoin.
Trading Fees
Spreads at NSFX are fairly competitive. Both fixed and variable spreads are available depending on the account type. Note variable spreads can widen significantly during periods of low liquidity and high volatility.
Spreads on forex major pairs:
EUR/USD – 0.5 pips
GBP/USD – 1.2 pips
USD/JPY – 1.4 pips
USD/CHF – 1.2 pips
Spreads on major indices:
FTSE 100 – 3.0 fixed spread, 1.3 ECN spread, 0.05% commission
USA 30 – 4.0 fixed spread, 3.0 ECN spread, 0.01% commission
DAX 40 – 3.0 fixed spread, 1.5 ECN spread, 0.05% commission
NSFX Leverage
As an EU-regulated broker, leverage is capped at 1:30. This translates into a 3.33% margin requirement. This is in line with most reputable online brokers. Always approach leveraged trading with caution as it can amplify both profits and losses.
Mobile Apps
Designed for traders on the move, the MT4 app offers full access to investment portfolios and settings. Instant and pending orders are available along with floating spreads and dozens of technical indicators. A user-friendly and secure mobile application, the MT4 app is an excellent mobile forex trading solution.
MetaTrader 4 app
Available on Apple and Android, the JForex app has a slick interface while boasting a host of charting and analytical tools. The only major drawback is that expert advisors, custom strategies and DOM data are limited on the mobile application. For full trading functionality, we’d recommend sticking with the desktop JForex platform.
JForex app
Deposits
A range of deposit and withdrawal methods are offered by NSFX. All deposits are secure, recorded and trackable. There are no deposit fees with any of the payment solutions:
Wire transfer – 2-3 days
Mastercard – Instant
Maestro – Instant
Visa – Instant
Skrill – Instant
Neteller – Instant
Withdrawals
Withdrawals can be made via the MyNSFX dashboard. Fees and processing times are as follows:
Wire transfer – Up to 2 business days, no fees
Mastercard – Up to 1 business day, no fees
Maestro – Up to 1 business day, no fees
Visa – Up to 2 business days, no fees
Skrill – Up to 1 business day, 2.9% fee
Neteller – Up to 1 business day, 2.9% fee
Demo Account
NSFX offers a free demo account for an opportunity to practice trading in simulated market conditions. The account comes with an opening virtual balance of $100,000 and can be used on the MT4 and JForex platforms. This is a great option for new traders or established investors looking to test the broker’s tools and strategies without risking capital.
NSFX Bonuses
There were no deals or promotions at the time of writing; however, NSFX has been known to run deposit bonus schemes. Refer to the broker’s website for the latest promotions.
Regulation Review
NSFX Limited is regulated by the Malta Financial Services Authority (MFSA). The broker is also subject to oversight from other bodies across Europe, including the BaFin, ACP, Consob, CNMV, Finanstilsyne. Additionally, NSFX is MiFID compliant. Regulatory oversight from the financial bodies listed above provides a high level of transparency and trust.
NSFX Ltd. also pays into a compensation scheme. This protects 90% of investor funds, up to €20,000, against insolvency. Negative balance protection and client fund segregation with reputable partner banks such as Barclays also adds to the broker’s trust rating. Overall, we are comfortable NSFX Ltd. is not a scam.
Additional Features
NSFX offers a host of educational resources. The academy area of the website is home to webinars, videos and eBooks on a plethora of topics. The educational content is well designed, illustrated and curated to teach everything from beginner courses up to advanced strategy lessons.
The broker has also partnered with Trading Central – an innovative analytics service. They offer daily newsletters, a web portal and a plug-in that can be used on your MT4 account.
Trading Central
You can also use the Guardian Angel MT4 plug-in with NSFX. Guardian Angel offers real-time risk guidance and market feedback to capitalise on live trading conditions. Additional tools include an economic calendar, financial news and fundamental analysis from the broker’s analysts.
NSFX Accounts
There are three account types to choose from, each tailored to suit traders with different needs and skillsets. The minimum trade size on all accounts is 0.01 lots.
MT4 Fixed
This account is designed for trading major forex pairs with fixed spreads. The minimum deposit is $300. Execution is instant and there is no commission. Scalping and expert advisors are not allowed.
MT4 ECN
This account offers forex, indices and commodities at variable spread rates. The minimum deposit is $3,000. Commission is $8 per lot. Market execution is offered, scalping is allowed and expert advisors are enabled.
JForex
This account offers forex, indices and commodities with variable spreads and DOM data. The minimum deposit is $5,000 and the commission is again $8 per lot. Scalping is allowed and expert advisors are available. A personal account manager is also assigned to the JForex account.
Benefits
MT4 trading
ECN technology
MFSA regulation
Educational resources
$300 minimum deposit
Drawbacks
Slow customer support
No cryptos
No VPS
Trading Hours
NFSX is open for trading during standard market opening times. See the broker’s website for a breakdown by instrument. Note trading during periods of low liquidity typically results in wider spreads.
Customer Support
There are a variety of ways to contact NSFX. International contact numbers and email addresses are accessible via the ‘Contact Us’ section on the website.
Email – support@nsfx.com
Live chat – logo on website
Malta HQ telephone – (+356) 2778 1919
Unfortunately, we experienced very slow replies on the live chat and email which may deter some traders.
Note, the company’s office addresses are listed on the broker’s website.
Security
SSL software and firewalls are in place on the NSFX website and platforms to protect personal information. Data isn’t shared or published unless the broker is legally required to do so. Privacy policy and terms and conditions are available on the company website.
NSFX Verdict
NSFX is a transparent broker. The website and platforms are easy to navigate and there is a wealth of educational tools. Whilst the brokerage doesn’t offer the most extensive range of financial instruments, spreads are reasonable and there is a choice of live accounts. The strong regulatory oversight is also a good sign NSFX is a legitimate company that can be trusted.
Accepted Countries
NSFX accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use NSFX from United States.
Alternatives to NSFX
If you are looking for alternatives to NSFX we have compiled a list of the top 5 brokers that are similar to NSFX below. This list of brokers like NSFX is in order of similarity and only includes companies that accept traders from your location.
OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
Fortrade – Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Vantage – Reliable and affordable trading since 2009. Join over 900,000 others trading on 400+ CFD products over assets like forex, gold, indices, cryptocurrency and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
ActivTrades – ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms.
FAQ
Is NSFX a regulated broker?
NSFX Ltd. is regulated by the MFSA and operates under MiFID, BaFin, ACP, Consob, CNMV, and Finanstilsyne. This means the broker complies with a range of policies that protect clients from illegal and unethical conduct on the part of NSFX.
Which trading platforms does NSFX offer?
NSFX offers the renowned MetaTrader 4 platform and its JForex terminal. Both of these are available on mobile, desktop and as webtrader solutions.
Does NSFX offer a demo account?
A demo account is available with NSFX and comes with $100,000 in virtual funds. This is perfect for anyone that wants to learn how to trade before investing real money.
How much capital do I need to trade with NSFX?
The minimum deposit at NSFX is $300. This will open the MT4 Fixed account, a forex trading solution offering static spreads and the MetaTrader 4 platform.
Is NSFX a good broker?
NSFX is a good and reliable broker. Strong regulation and client fund protection inspire confidence and trust. The educational resources available are also a positive asset, creating a strong community of traders.