Independent rating of Forex broker NSFX

About company

NSFX is part of NSFX Ltd. The broker has been online since 2012. The company is regulated by high European and Maltese standards. On the official website, NSFX proudly calls itself an innovative broker that acquired a worldwide reputation. The management of NSFX states that the company maintains the following three pillars: innovative trading platforms, powerful trading tools , and excellent trading conditions.

Trading conditions

• gold, metals, oil, and CFDs trading
• above 50 currency pairs, including major currencies and cross pairs
• economic calendar
• online quotes of trading instruments, commodities, and indices
• three types of trading accounts
• balance interest rate
• PAMM and MAM accounts
• Fixed Spreads Account
• scalping
• lack of requotes

Trading platform

NSFX users can trade by means of MetaTrader4 and JForex. The MetaTrader4 (MT4) trading platform is immensely popular among forex market participants thanks to an arsenal of technical indicators, an extensive testing environment, and a large range of Expert Advisors (EA) that help clients to automate trades. JForex designed by NSFX promises traders to take trading to a whole new level and provide exceptional order execution regardless of market conditions. All this becomes possible thanks to the integrated ECN and STP trading technology, tight spreads, and high liquidity. Both МТ4 and JForex have been optimised for laptops, desktop, and smart devices. The broker’s mobile platforms cover both Android and iOS.

Education

NSFX provides training for novice traders. The company invites beginners to register at the training center and receive a number of educational materials aimed at helping them master all the intricacies of the forex market. Training is free of charge.

Support service

Clients can contact the support service via live chat, email, and phone. All contact details are featured on the broker’s official website.

Traders’ reviews

There are both positive and negative comments of traders on the Web. The broker is mostly praised for a plethora of trading instruments and free of charge training materials for novice traders. Among drawbacks, users mention a challenging withdrawal process, unreasonable blocking of accounts, and unacceptable rudeness of the support service team.

Advantages:

• affiliate program
• demo account
• free training for novice traders
• low spread
• broker is regulated by European standards
• plenty of trading instruments

Disadvantages:

• challenging funds withdrawal; many traders complain about their account being blocked without the possibility of withdrawing funds
• high minimum deposit
• support service works slowly, ignores customer requests, and is rude to clients