NSFX Demo Account Review

 

NSFX Demo Account There are brokers that work without making too much noise but are at the same time one ofthe top brokers in the industry?

NSFX.com is worthy of your consideration, even though they just opened their doors for business in 2012.

The firm is subject to some of the strictest regulatory compliance regimens on the planet, and it has taken specific steps to segregate your deposits in Tier-1 banks in separate accounts, far from their operating capital.

Financial professionals that understand the business and know how technology can reshape the competitive playing field founded NSFX.com in 2012. The firm has operating licenses issued by the Malta Financial Services Authority (The MFSA), files monthly compliance reports with major regulatory bodies, and is in full compliance with the European MiFID (Markets in Financial Instruments Directive), the FSA, and many other regulatory bodies across Europe.

The company distinguishes itself, however, in its approach to technology.

They use the Metatrader 4 line of products, but they have gone one step further, utilizing the best, designers, software developers, and analysts to create an innovative framework not seen from other brokers. The term their new approach as “MyNSFX”, defined as “a unified client and partner management console that incorporates the trading platform with every tool no more than one click away and is fully integrated into the core system.”

PURE ECN: NSFX offers Electronic Communication Network technology, which seeks to guarantee that traders always trade under the best trading conditions.

The firm’s obvious goal is to immerse you in the next generation of forex trading.

Beginners’ and Customer Support

The NSFX.com website may be viewed either in English & Arabic. An account manager is assigned to each new account, and customer service representatives are available “24/7” that speak each of the above languages with the exception of Turkish.

The Trading Academy is also free and is full of resources that will benefit beginner and veteran alike from learning the basics to developing complex trading strategies. There are weekly webinars on all aspects of trading and a vast library of video tutorials.

they have an very extensive academy for the new traders, this part they offer a video Course.

FX Video Courses  | NSFX Demo Account Gives access

Features of NSFX

Why trade with NSFX.com? The firm lists these reasons:

  • NSFX is in compliance with all major regulatory agencies across Europe;
  • Client deposits are 100% segregated in Tier-1 bank accounts, separate from the firm’s operating capital;
  • The firm has partnered with Barclays, CitiFX Pro, UBS, Bank of America and Deutsche Bank to secure the stability, safety and liquidity that only large banking institutions can provide;
  • Negative balance protection is provided on all accounts;
  • Trade 70+ currency pairs, choosing fixed or variable spread trading methods;
  • Trade from any device with the company’s proprietary trading platform or use one of the many MT4 trading offerings for either traditional or ECN type trading efficiency;
  • Leverage varies by platform choice but can be as high as 200:1;
  • Spreads can be as low as 0.9 pips on the EUR/USD pair;
  • A personal account manager is included with each account package;
  • Registration is free, but the minimum deposit is $300;
  • Major credit and debit cards, wire transfer, and a variety of local payment methods ensure prompt and easy movements of funds;
  • Full range of educational and training materials, ebooks, and tutorials;
  • Customer service reps are available “24/7” and speak English, Arabic, Italian, and German, while the website can be read in each of these plus Turkish.

Account Comparison

MT4 FIXED MT4 ECN JForex
Initial Minimum Deposit 300 USD 3,000 USD 5,000 USD
Lot Size (FX) 100,000 Units 100,000 Units 100,000 Units
Minimum Trade 0.01 Lot 0.01 Lot 0.01 Lot
Maximum Leverage Up to 1:50 Up to 1:50 Up to 1:50
Spreads Fixed Variable Spreads Variable with Market Depth
Instruments FX Majors 50+ Currency Pairs, Commodities, Indices 50+ Currency Pairs, Commodities, Indices
Deposit Currency USD, EUR, GBP USD, EUR, GBP USD, EUR, GBP
Deposit Options Bank Wire, Credit Card, Skrill Bank Wire, Credit Card, Skrill Bank Wire, Credit Card, Skrill
Margin Call 20% 20% 20%
MAC/Linux friendly Web-based Web-based Full Download Version
Mobile Trading/Tablets iOS & Android iOS & Android iOS & Android
Live Support 24 / 5 24 / 5 24 / 5
Daily Analysis Free Free Free
Execution Instant Execution Market Execution Market execution
Hedging Allowed Allowed Allowed
Scalping Not Allowed Allowed Allowed
Expert Advisors Disabled Enabled (MQL) Enabled (Java)
Personal Account Manager Yes Yes Dedicated
*Commissions on Trades No Commissions $8 per lot R/T $8 per lot R/T

Spreads and Leverage

Spreads using an ECN approach can be as thin as 0.9 pips for the Euro. Leverage varies by trading platform from 100:1 to 200:1.

Platforms

MetaTrader4

 Developed in 2000 by MetaQuotes Software Corporation, the MetaTrader4 trading platform fast became one of the most popular trading platforms in the world. The MT4 platform is dynamic and user- friendly, providing traders with a powerful range of features and tools including:

Deposits and Withdrawals

All major credit/debit cards, Moneybookers (Skrill), banking wire transfer, and CashU are supported, making deposits and withdrawals a convenient and easy process. The minimum deposit required has been set at $300, and withdrawal requests will be handled promptly, as long as internationally mandated identity documentation is already on file.

NSFX demo account review - funding methods

NSFX REGULATION & LICENCE

NSFX Ltd. holds a Category 3 investment services License no. IS/56519 issued by the Malta Financial Services Authority (The MFSA).

Regulated by MFSA

Malta Financial Services Authority

The Malta Financial Services Authority MFSA is the single regulator for financial services in Malta. It was set up by special Act of Parliament, the Malta Financial Services Authority Act, 1988 as amended in 1994 and 2002 taking over supervisory functions previously carried out by the Central Bank of Malta, the Malta Stock Exchange and the Malta Financial Services Centre. The Authority is a fully autonomous public institution and reports to Parliament on an annual basis.
Read More »

MIFID Compliant

Markets in Financial Instruments Directive

NSFX Ltd. complies with the European Markets in Financial Instruments Directive (MiFID). MiFID provides a harmonized regulatory environment for investment services across the European Economic Area (EEA). The main objectives of the MiFID Directive are to enhance financial transparency, increase competition, and offer greater consumer protection in investment services.
Read More »

NSFX Ltd. is authorised to operate within the EEA and the following regulatory bodies have given their approval for NSFX Ltd to provide cross border investment services in their country:

FCA

Financial Conduct Authority

United Kingdom – Registration Number: 595195


The Financial Conduct Authority (FCA) is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000. It is a company limited by guarantee and financed by the financial services industry. Read More »

BaFin

Federal Financial Supervisory Authority

Germany – Registration Number: 131055


The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) supervises banks, financial services providers, insurance undertakings and securities trading. The objective of financial supervision is to ensure the proper functioning, stability and integrity of the German financial market.
Read More »

ACP

French Prudential Supervisory Authority

France – Registration Number: 74397


The French Prudential Supervisory Authority (Autorité de Contrôle Prudentiel – ACP) is an independent administrative authority, which monitors the activities of banks and insurance companies in France. It operates under the auspices of the French central bank, Banque de France. Read More »

Consob

Italy – Registration Number: 3597


The supervisory authority for the Italian financial products market; its aims are to protect investors and the efficiency, transparency and development of the market. Read More »

CNMV

Comisión Nacional del Mercado de Valores

Spain – Registration Number: 3354


The Comisión Nacional del Mercado de Valores (CNMV) is the agency in charge of supervising and inspecting the Spanish Stock Markets and the activities of all the participants in those markets. It was created by the Securities Market Law, which instituted in-depth reforms of this segment of the Spanish financial system. Read More »

FINANSTILSYNET

Denmark – Registration Number: 9221


The Danish FSA is part of the Ministry of Business and Growth and acts as secretariat for the Financial Business Council, the Danish Securities Council and the Money and Pension Panel. Read More »



NSFX Demo Account Review

REVIEW OVERVIEW
Trading Platforms
Trading experience
Demo Account
Customer Support
SHARE
Previous articleEasyMarkets Demo Account Review
Next articleAvaTrade Demo Account Review for Practicing Trading Forex