NSFX Broker Review: Trading Platforms, Spreads, and More

Welcome to our comprehensive NSFX review, where we’ll take an unbiased look at this online CFD broker to help you fully understand the service. Established in 2011, the company has been operating for over a decade, making it a well-established player in the financial markets. Headquartered at 168 St Christopher Street, Valletta, Malta, the broker has positioned itself to cater to traders worldwide.

Regulation is a crucial aspect of any reputable brokerage, and NSFX doesn’t disappoint. The company adheres to the stringent requirements of the Markets in Financial Instruments Directive (MiFID), ensuring that it operates within the European Union’s financial regulations. Additionally, NSFX holds licenses from several reputable regulators, including BaFIN (Germany), MFSA (Malta), ACP (France), Consob (Italy), CNMV (Spain), and FINANSTILSYNET (Norway). This multijurisdictional regulation instills confidence in traders, knowing that their funds are in a safe and regulated environment.

NSFX offers two primary trading platforms: MetaTrader 4 and JForex. MetaTrader 4 (MT4) is a time-tested and widely popular platform known for its advanced charting capabilities, technical analysis tools, and automated trading options through Expert Advisors (EAs).

Lastly, we should also mention that the broker offers three distinct accounts. Still, we should mention that they aren’t standard brokerage account types. While this statement may sound vague, we will build on it later in our NSFX review.

NSFX Review: Is it Safe to Invest With?

When it comes to pinpointing a reliable online CFD broker, security is of paramount importance. In this regard, the broker takes a proactive approach to ensure its clients’ safety and peace of mind.

Operating from the reputable location of Valletta, Malta, NSFX is a highly regulated broker, carrying numerous regulator licenses, including BaFIN (Bundesanstalt für Finanzdienstleistungsaufsicht) in Germany, Malta Financial Services Authority MFSA, ACP (Autorité de Contrôle Prudentiel et de Résolution) in France, Consob (Commissione Nazionale per le Società e la Borsa) in Italy, CNMV (Comisión Nacional del Mercado de Valores) in Spain, and FINANSTILSYNET in Norway.

However, while we mentioned regulators earlier in our NSFX review as well, there’s more to it. To fortify the safeguarding of clients’ personal and financial information, the broker employs robust security measures, including data encryption protocols and two-factor authentication. There’s also quick and responsive customer support. These measures ensure that sensitive data transmitted between clients and the broker remains confidential and inaccessible to unauthorized individuals.

One of the key aspects contributing to the security of clients’ funds is the practice of fund segregation. NSFX makes sure to separate client funds from the broker’s operational funds, which provides an additional layer of protection.

Despite the broker’s considerable efforts to maintain a secure CFD trading environment, it is essential to acknowledge that no brokerage is immune to customer complaints. Some concerns have arisen, as clients have complained about stalled withdrawals, sudden investment service changes, and spread misalignments. However, the rest of the security structure you can see in this bit of our nsfx.com review makes that unlikely.

NSFX Review of Accounts

The broker presents a range of trading accounts designed to cater to different trader preferences and experience levels. The account structure comprises three main options, each offering distinct features and benefits. However, as we said, these aren’t the brokerage accounts you normally see. In fact, the accounts lock you into the platform you’ll receive for your service.

There are two accounts meant for MetaTrader 4, and one for JForex, and the unfortunate thing is that each account limits the service, making certain tactics or aspects of trading unviable. In this part of our NSFX review, we explain how the brokerage’s accounts stifle the experience.

The broker offers three primary account types, providing traders with some degree of choice. The MT4 Fixed Account suits those who prefer fixed spreads, while the MT4 ECN Account targets more experienced traders seeking direct liquidity access. The JForex Account, on the other hand, appeals to traders interested in customization and algorithmic trading options.

While the account diversity attempts to address various trader needs, some aspects hinder the overall experience. Traders using the MT4 Fixed Account may find themselves limited to major FX pairs, inhibiting exploration of a broader range of financial instruments. Additionally, the MT4 ECN Account, despite providing competitive spreads, comes with relatively high fees that can affect profitability, especially for frequent traders. Similar concerns arise with the JForex Account, as the fees associated with its features may deter traders from fully utilizing its capabilities.

One high point for this part of our nsfx.com review is that it does offer a demo account for you to practice and test strategies without risking real funds. However, that doesn’t meaningfully alleviate the damage the account structure does to the CFD and forex trading experience.

One high point for this part of our nsfx.com review is that it does offer a demo account for you to practice and test strategies without risking real funds. However, that doesn’t meaningfully alleviate the damage the account structure does to the CFD and forex trading experience.

MT4 FIXED

1. • Minimum Deposit: $300
   • Lot Size (FX): 100,000 Units
   • Minimum Trade: 0.01 Lot
   • Maximum leverage 1:50
   • Spreads: Fixed
   • Instruments: FX Majors
   • Deposit Currency: USD, EUR, GBP
   • Deposit Options: Bank Wire, Credit Card, Skrill
   • Margin Call: 20%/50%
   • Mac/Linux Friendly: Web Based
   • Live Support: 24/5
   • Daily Analysis: Free
   • Execution: Instant Execution
   • Hedging: Allowed
   • Scalping: Not Allowed
   • Expert Advisors: Disabled
   • Personal Account Manager: Yes
   • Commissions on Trades: No Commissions

MT4 ECN    

1. • Minimum Deposit: $3,000
   • Lot Size (FX): 100,000 Units
   • Minimum Trade: 0.01 Lot
   • Maximum leverage 1:50
   • Spreads: Variable Spreads
   • Instruments: 50+ Currency Pairs, Commodities, Indices
   • Deposit Currency: USD, EUR, GBP
   • Deposit Options: Bank Wire, Credit Card, Skrill
   • Margin Call: 20%/50%
   • Mac/Linux Friendly: Web Based
   • Live Support: 24/5
   • Daily Analysis: Free
   • Execution: Market Execution
   • Hedging: Allowed
   • Scalping: Allowed
   • Expert Advisors: Enabled (MQL)
   • Personal Account Manager: Yes
   • Commissions on Trades: $8 per lot R/T
   •  

JForex

1. • Minimum Deposit: $5,000
   • Lot Size (FX): 100,000 Units
   • Minimum Trade: 0.01 Lot
   • Maximum leverage 1:50
   • Spreads: Variable with Market Depth
   • Instruments: 50+ Currency Pairs, Commodities, Indices
   • Deposit Currency: USD, EUR, GBP
   • Deposit Options: Bank Wire, Credit Card, Skrill
   • Margin Call: 20%/50%
   • Mac/Linux Friendly: Variable with Market Depth
   • Live Support: 24/5
   • Daily Analysis: Free
   • Execution: Market Execution
   • Hedging: Allowed
   • Scalping: Allowed
   • Expert Advisors: Enabled (Java)
   • Personal Account Manager: Dedicated
   • Commissions on Trades: $8 per lot R/T

NSFX’ Platform

As we mentioned numerous times in our NSFX review, it showcases the JForex and MetaTrader 4 Platform. Each of them has its distinct strengths. MetaTrader 4 is renowned for its advanced charting tools, technical analysis options, and automated trading capabilities through Expert Advisors (EAs). Despite its functionality, the platform’s interface may seem outdated compared to more modern solutions in the market.

The JForex platform offers similar functionalities to MetaTrader 4, with a focus on user-friendly customization and algorithmic trading. However, like its counterpart, the JForex platform also suffers from a somewhat dated interface, which may leave traders yearning for a more contemporary and intuitive design.

Both platforms nsfx.com offers have web and mobile versions for traders on the go. However, it’s important to note that these versions may not provide the same extensive features available in the terminal, potentially limiting the overall trading experience.

NSFX Review Conclusion

The broker has made significant strides in securing its position in the market through its impressive regulatory compliance and security measures. It’s regulated by the Malta Financial Services Authority and many others. The presence of various regulators and the commitment to fund segregation ensure that clients’ funds are safe and protected.

The broker is also fairly responsive when you reach out, whether you use live chat or the more traditional contact options.

However, despite its strong security features, NSFX falls short in providing a modern and user-friendly trading experience. While both MetaTrader 4 and JForex offer functional platforms, their dated interfaces may not satisfy traders looking for a more contemporary design. Additionally, the limitations and high fees associated with the trading accounts could deter potential customers seeking a more favorable trading environment.

In a rapidly evolving industry, a broker must take strides to enhance its trading platforms, improve its account offerings, and address customer concerns to remain competitive. While it has its strengths, as noted in our NSFX review, the overall trading experience pales in comparison to more modern and trader-centric competitors in the market. As traders, we encourage staying informed and exploring other brokerage options that better align with your trading preferences and objectives.